Devon Energy (NYSE:DVN) Rating Lowered to Hold at Wall Street Zen

Devon Energy (NYSE:DVN) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

DVN has been the subject of a number of other reports. Morgan Stanley decreased their price target on Devon Energy from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Truist Financial increased their price objective on Devon Energy from $61.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Evercore raised Devon Energy from an “in-line” rating to an “outperform” rating and set a $54.00 target price on the stock in a research report on Wednesday, June 10th. Wells Fargo & Company decreased their target price on Devon Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, August 13th. Finally, UBS Group lowered their price target on Devon Energy from $58.00 to $54.00 and set a “buy” rating for the company in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Devon Energy has an average rating of “Moderate Buy” and a consensus target price of $59.23.

Devon Energy Price Performance

Shares of DVN opened at $48.08 on Friday. Devon Energy has a twelve month low of $31.47 and a twelve month high of $52.71. The firm’s fifty day simple moving average is $44.79 and its 200-day simple moving average is $45.79. The firm has a market capitalization of $52.89 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.31 and a beta of 0.37. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.24.

Devon Energy (NYSE:DVN) last released its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.17. The business had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $6.01 billion. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. The company’s revenue for the quarter was up 73.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 EPS. Equities analysts forecast that Devon Energy will post 5.24 EPS for the current fiscal year.

Insider Buying and Selling at Devon Energy

In related news, SVP Andrea Alexander sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $46.74, for a total transaction of $841,320.00. Following the transaction, the senior vice president owned 138,529 shares in the company, valued at $6,474,845.46. This trade represents a 11.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.58% of the company’s stock.

Institutional Investors Weigh In On Devon Energy

Several large investors have recently modified their holdings of the company. Parkside Financial Bank & Trust grew its position in shares of Devon Energy by 40.1% during the second quarter. Parkside Financial Bank & Trust now owns 6,004 shares of the energy company’s stock worth $248,000 after acquiring an additional 1,718 shares during the last quarter. Range Advisory LLC acquired a new position in shares of Devon Energy in the 2nd quarter valued at $323,000. Corient Private Wealth LP increased its holdings in shares of Devon Energy by 62.1% in the 2nd quarter. Corient Private Wealth LP now owns 214,019 shares of the energy company’s stock valued at $8,843,000 after acquiring an additional 81,997 shares during the period. Amundi raised its position in Devon Energy by 100.6% in the 2nd quarter. Amundi now owns 4,854,380 shares of the energy company’s stock valued at $200,583,000 after purchasing an additional 2,433,896 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in Devon Energy by 240.0% in the 2nd quarter. HighTower Advisors LLC now owns 493,197 shares of the energy company’s stock valued at $20,379,000 after purchasing an additional 348,120 shares during the last quarter. 69.72% of the stock is owned by institutional investors and hedge funds.

More Devon Energy News

Here are the key news stories impacting Devon Energy this week:

• Positive Sentiment: Seaport Global upgraded Devon to Buy, citing the company’s strong second-quarter 2026 results and continued operating potential. The company reported adjusted EPS of $1.57, above the $1.40 consensus estimate, while revenue of $7.42 billion significantly exceeded expectations and rose 73.1% year over year. Devon Energy stock gains on Seaport Global buy rating and strong Q2 2026 earnings
• Positive Sentiment: Options activity signals increased bullish interest. Traders purchased 47,557 Devon call options, approximately 21% above typical call volume. While options activity is not a fundamental indicator, the elevated call buying may support near-term momentum and suggests some traders are positioning for further gains.
• Positive Sentiment: Goldman Sachs continues to view Devon as an attractive energy dividend opportunity. Goldman highlighted Devon alongside other energy dividend stocks that may still offer upside despite the sector’s strong rally. Brent crude above $95 per barrel and continued strength in the energy sector provide a supportive backdrop for Devon’s oil and gas earnings and shareholder returns. Goldman’s Energy Dividend Picks: Why Devon and HF Sinclair Still Offer Upside
• Neutral Sentiment: Post-earnings momentum remains a focus for investors. Devon is up 16.5% since its latest earnings release, prompting analysis of whether earnings estimates can support additional gains. Its relatively low valuation, including a price-to-earnings ratio near 11, supports the value case, but the stock’s proximity to its 12-month high may limit immediate upside. Devon Energy up 16.5% since last earnings report

About Devon Energy

Devon Energy Corporation (NYSE: DVN) is an independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of hydrocarbons, including crude oil, natural gas liquids (NGLs) and natural gas. Devon operates as an upstream energy company that acquires, evaluates and develops onshore resource plays using a combination of drilling, completion and production optimization techniques.

Core business activities include identifying and developing energy reserves, operating well programs and managing reservoir performance to generate production and cash flow.