Erste Asset Management GmbH Invests $774,000 in Devon Energy Corporation $DVN

Erste Asset Management GmbH purchased a new position in Devon Energy Corporation (NYSE:DVN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,400 shares of the energy company’s stock, valued at approximately $774,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Accredited Wealth Management LLC increased its stake in shares of Devon Energy by 61.6% in the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock worth $28,000 after buying an additional 308 shares during the last quarter. Ameriflex Group Inc. increased its stake in Devon Energy by 702.0% during the third quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock valued at $28,000 after purchasing an additional 702 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Devon Energy during the third quarter valued at $31,000. Olistico Wealth LLC bought a new stake in Devon Energy during the fourth quarter valued at $31,000. Finally, Elyxium Wealth LLC bought a new stake in Devon Energy during the fourth quarter valued at $31,000. Institutional investors own 69.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group lowered their price target on shares of Devon Energy from $60.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday. Raymond James Financial raised shares of Devon Energy from an “outperform” rating to a “strong-buy” rating and set a $72.00 price objective for the company in a report on Tuesday, May 5th. Jefferies Financial Group upped their price target on shares of Devon Energy from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday, May 18th. TD Cowen upped their price target on shares of Devon Energy from $46.00 to $50.00 and gave the company a “hold” rating in a report on Tuesday, March 17th. Finally, Royal Bank Of Canada upped their price target on shares of Devon Energy from $46.00 to $59.00 and gave the company a “sector perform” rating in a report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Devon Energy has an average rating of “Moderate Buy” and an average price target of $58.67.

Insider Transactions at Devon Energy

In other news, SVP Adam M. Vela sold 24,342 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.21, for a total value of $1,149,185.82. Following the transaction, the senior vice president owned 130,540 shares in the company, valued at $6,162,793.40. This represents a 15.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey L. Ritenour sold 70,029 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.66, for a total value of $3,267,553.14. Following the completion of the transaction, the executive vice president owned 428,452 shares in the company, valued at $19,991,570.32. This represents a 14.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.58% of the stock is owned by corporate insiders.

Devon Energy Price Performance

Shares of DVN opened at $46.58 on Thursday. The company has a market capitalization of $28.95 billion, a price-to-earnings ratio of 12.98 and a beta of 0.37. Devon Energy Corporation has a fifty-two week low of $31.45 and a fifty-two week high of $52.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.01 and a quick ratio of 0.94. The business’s 50-day moving average is $47.22 and its 200-day moving average is $43.01.

Devon Energy (NYSE:DVN) last issued its earnings results on Tuesday, May 5th. The energy company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $4.34 billion. Devon Energy had a net margin of 13.71% and a return on equity of 15.22%. Devon Energy’s revenue for the quarter was down 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. Equities research analysts expect that Devon Energy Corporation will post 4.41 EPS for the current fiscal year.

Devon Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.32 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from Devon Energy’s previous quarterly dividend of $0.24. Devon Energy’s dividend payout ratio is currently 26.74%.

Devon Energy News Roundup

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

• Positive Sentiment: Evercore ISI upgraded Devon Energy to Outperform, saying the company’s mid-month operating update came in better than expected and supporting the stock’s recent rally. Devon Energy surges on Evercore upgrade, updated full-year outlook post-Coterra deal
• Positive Sentiment: Devon raised its 2026 guidance after the Coterra deal, projecting about 1.38 million boe/day of production, roughly $4.9 billion in capital spending, and up to 70% of free cash flow returned to shareholders through dividends and buybacks. Devon Energy Provides Updated 2026 Outlook
• Positive Sentiment: Multiple brokerages turned constructive on the name, including Argus raising its price target to $53 and JPMorgan reinstating coverage with an Overweight rating and a $62 target, reinforcing the valuation appeal. Tickerreport.com
• Neutral Sentiment: Broader energy stocks were also firmer ahead of the bell, which likely provided a small tailwind to Devon alongside the company-specific catalysts. Sector Update: Energy Stocks Edge Higher Pre-Bell Wednesday
• Negative Sentiment: Investors are still weighing integration and execution risks from the Coterra merger, plus the usual sensitivity to oil, gas, and NGL prices, which could pressure results if commodity markets weaken. Devon Energy provides full-year forecast after merger with Coterra Energy

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.