Devon Energy Corporation $DVN Shares Sold by Palouse Capital Management Inc.

Palouse Capital Management Inc. decreased its position in shares of Devon Energy Corporation (NYSE:DVN) by 32.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 70,235 shares of the energy company’s stock after selling 33,092 shares during the quarter. Devon Energy comprises 2.3% of Palouse Capital Management Inc.’s holdings, making the stock its 13th biggest position. Palouse Capital Management Inc.’s holdings in Devon Energy were worth $3,534,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Devon Energy in the 4th quarter worth approximately $25,000. Ameriflex Group Inc. lifted its stake in shares of Devon Energy by 702.0% during the 3rd quarter. Ameriflex Group Inc. now owns 802 shares of the energy company’s stock worth $28,000 after purchasing an additional 702 shares during the period. MV Capital Management Inc. purchased a new position in shares of Devon Energy during the 4th quarter worth $29,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Devon Energy during the fourth quarter worth $29,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of Devon Energy during the third quarter worth $31,000. Institutional investors and hedge funds own 69.72% of the company’s stock.

Devon Energy Stock Performance

NYSE DVN opened at $40.20 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.01 and a quick ratio of 0.94. Devon Energy Corporation has a 1-year low of $31.45 and a 1-year high of $52.71. The firm has a market capitalization of $24.98 billion, a P/E ratio of 11.20 and a beta of 0.38. The business’s 50-day simple moving average is $45.76 and its 200-day simple moving average is $43.61.

Devon Energy (NYSE:DVN) last posted its earnings results on Tuesday, May 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). Devon Energy had a return on equity of 15.22% and a net margin of 13.71%.The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the company posted $0.82 EPS. The firm’s revenue for the quarter was down 14.5% compared to the same quarter last year. Equities analysts predict that Devon Energy Corporation will post 4.85 EPS for the current year.

Devon Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.32 per share. This is an increase from Devon Energy’s previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a yield of 3.2%. The ex-dividend date was Monday, June 15th. Devon Energy’s payout ratio is presently 35.65%.

Insiders Place Their Bets

In related news, SVP Andrea Alexander sold 18,000 shares of Devon Energy stock in a transaction on Wednesday, June 10th. The shares were 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 approximately $6,474,845.46. The trade was a 11.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Adam M. Vela sold 24,342 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $47.21, for a total transaction of $1,149,185.82. Following the sale, the senior vice president directly owned 130,540 shares of the company’s stock, valued at approximately $6,162,793.40. This trade represents a 15.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 112,371 shares of company stock worth $5,258,059 over the last ninety days. 4.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays upped their target price on Devon Energy from $54.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Morgan Stanley dropped their price objective on shares of Devon Energy from $66.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, June 26th. Sanford C. Bernstein raised their target price on shares of Devon Energy from $42.00 to $59.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. TD Cowen raised their target price on shares of Devon Energy from $46.00 to $50.00 and gave the stock a “hold” rating in a research report on Tuesday, March 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Devon Energy in a report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Devon Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.81.

Key Devon Energy News

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

• Positive Sentiment: Several articles described Devon Energy as a potential value opportunity, with commentary calling DVN one of the most undervalued or best value stocks to buy right now.
• Positive Sentiment: Devon Energy is expected to report second-quarter 2026 earnings on August 4, which gives investors a clear near-term catalyst and may keep attention on the stock. Devon Energy Schedules Second-Quarter 2026 Earnings Release and Conference Call
• Neutral Sentiment: Zacks Research made a series of mixed earnings forecast changes, raising estimates for some quarters and full-year periods while cutting others, suggesting a less clear outlook rather than a strong fundamental shift.
• Neutral Sentiment: Devon completed private exchange offers tied to notes issued by its subsidiary, a financing move that appears more balance-sheet related than a direct operating catalyst.
• Negative Sentiment: Analysts at Zacks Research trimmed near-term Q2 2026 EPS estimates to $1.09 from $1.25, which can weigh on sentiment ahead of earnings. Devon Energy analyst estimate update
• Negative Sentiment: Goldman Sachs reduced its price target on Devon Energy to $53 from $54, and Morgan Stanley also lowered its target to $63 from $66, reflecting a slightly softer view on the stock’s near-term upside.
• Negative Sentiment: Recent reporting noted Devon Energy stock slipped while the broader market rose, reinforcing that investors are rotating away from the name for now.

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.