Devon Energy Corporation $DVN Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its holdings in shares of Devon Energy Corporation (NYSE:DVN) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,914,632 shares of the energy company’s stock after selling 55,668 shares during the quarter. Voya Investment Management LLC’s holdings in Devon Energy were worth $67,127,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Devon Energy during the 2nd quarter worth approximately $25,000. Caldwell Trust Co acquired a new stake in Devon Energy during the 2nd quarter worth $25,000. Trust Co. of Vermont lifted its position in Devon Energy by 241.3% in the second quarter. Trust Co. of Vermont now owns 942 shares of the energy company’s stock valued at $30,000 after acquiring an additional 666 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Devon Energy in the second quarter valued at $34,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Devon Energy during the second quarter worth about $34,000. 69.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DVN. Mizuho increased their target price on shares of Devon Energy from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. The Goldman Sachs Group increased their price objective on Devon Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Raymond James Financial lifted their target price on Devon Energy from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. William Blair began coverage on Devon Energy in a research note on Monday, August 25th. They set an “outperform” rating for the company. Finally, Capital One Financial reduced their price objective on shares of Devon Energy from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Devon Energy presently has an average rating of “Moderate Buy” and an average price target of $44.86.

Devon Energy Price Performance

Devon Energy stock opened at $35.87 on Friday. The stock has a market capitalization of $22.50 billion, a P/E ratio of 8.44, a P/E/G ratio of 2.71 and a beta of 0.62. Devon Energy Corporation has a 12-month low of $25.89 and a 12-month high of $38.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.87. The firm’s 50-day moving average is $34.81 and its two-hundred day moving average is $34.22.

Devon Energy (NYSE:DVN) last announced its earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. The firm had revenue of $0.00 million for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the business earned $1.10 earnings per share. Equities analysts predict that Devon Energy Corporation will post 4.85 earnings per share for the current year.

Devon Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.96 annualized dividend and a yield of 2.7%. Devon Energy’s dividend payout ratio is 22.59%.

Key Stores Impacting Devon Energy

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

• Positive Sentiment: Citigroup reiterated a Buy on Devon, reinforcing institutional confidence in the company’s cash-generation and capital-return profile; that vote of confidence likely supported the stock’s uptick. Article Title
• Positive Sentiment: Zacks Research raised near-term estimates: small upward revisions to Q4 2025 and Q1 2026 EPS and a slight lift to FY2025 forecast (now reflected in its model), signaling modestly improved short-term earnings momentum. Article Title
• Neutral Sentiment: Zacks also boosted Q1 2027 estimates (small increase), showing mixed adjustments across periods — near-term upgrades balanced by later-year revisions, so immediate impact is limited. Article Title
• Negative Sentiment: Offsetting the positives, Zacks trimmed several 2027 estimates (Q2 and Q3 cuts and a modest reduction to FY2027), which could weigh on longer-term earnings expectations and cap upside if the trend continues. Article Title

Devon Energy Company Profile

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.