26,146 Shares in Devon Energy Corporation $DVN Bought by Stanley Laman Group Ltd.

Key Points

• Stanley Laman Group Ltd. opened a new position in Devon Energy by buying 26,146 shares (≈$958,000) in Q4, and overall institutional investors now own about 69.72% of the stock after multiple large stake changes by firms like AQR and SG Americas.
• Devon slightly beat Q1 estimates with $0.82 EPS vs. $0.81 and revenue of $4.12B (though revenue was down 6.4% YoY); the stock trades near $47, has a market cap of ~$29.3B, and pays a quarterly dividend of $0.24 (2.0% yield).
• Several analysts have lifted price targets (e.g., Sanford C. Bernstein to $59, BMO to $60, Barclays to $54), leaving a consensus rating of “Moderate Buy” with a consensus target of $53.11.

Stanley Laman Group Ltd. bought a new position in Devon Energy Corporation (NYSE:DVN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 26,146 shares of the energy company's stock, valued at approximately $958,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DVN. AQR Capital Management LLC boosted its stake in Devon Energy by 78.7% in the 2nd quarter. AQR Capital Management LLC now owns 6,360,499 shares of the energy company's stock worth $202,327,000 after purchasing an additional 2,802,137 shares during the period. Sourcerock Group LLC boosted its stake in Devon Energy by 2,132.3% in the 2nd quarter. Sourcerock Group LLC now owns 1,751,276 shares of the energy company's stock worth $55,708,000 after purchasing an additional 1,672,824 shares during the period. SG Americas Securities LLC boosted its stake in Devon Energy by 446.7% in the 4th quarter. SG Americas Securities LLC now owns 1,236,301 shares of the energy company's stock worth $45,286,000 after purchasing an additional 1,010,170 shares during the period. Wellington Management Group LLP boosted its stake in Devon Energy by 704.3% in the 3rd quarter. Wellington Management Group LLP now owns 975,114 shares of the energy company's stock worth $34,187,000 after purchasing an additional 853,875 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Devon Energy in the 3rd quarter worth $24,766,000. 69.72% of the stock is owned by institutional investors and hedge funds.

Devon Energy Trading Down 1.3%

Shares of NYSE:DVN opened at $47.17 on Tuesday. The company's 50-day moving average price is $46.19 and its two-hundred day moving average price is $39.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.90. Devon Energy Corporation has a one year low of $28.09 and a one year high of $52.71. The stock has a market capitalization of $29.31 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 0.93 and a beta of 0.47.

Devon Energy (NYSE:DVN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The energy company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $4.12 billion for the quarter, compared to analysts' expectations of $3.67 billion. Devon Energy had a net margin of 15.37% and a return on equity of 16.28%. The company's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 EPS. On average, equities analysts forecast that Devon Energy Corporation will post 4.85 EPS for the current fiscal year.

Devon Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, March 13th. Devon Energy's dividend payout ratio is presently 23.02%.

Key Devon Energy News

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

• Positive Sentiment: Sanford C. Bernstein raised its price target to $59 and kept an "outperform" rating, signaling stronger analyst conviction and implying meaningful upside versus current levels. Bernstein Adjusts Price Target
• Positive Sentiment: Jefferies raised its target to $53 (maintaining a "hold"), a smaller but supportive lift that reduces near-term downside risk and helps underpin valuation. Jefferies Adjusts Price Target
• Positive Sentiment: BMO Capital (reported by Yahoo Finance) raised its target to $60 and kept an Outperform rating, reflecting bullish mark-to-market assumptions tied to geopolitical-driven oil price dynamics — another boost to consensus upside. Yahoo: Devon Among Best Cheap Large Caps
• Positive Sentiment: Zacks Research raised Q1 EPS estimates for Devon, which supports near-term earnings expectations and could help valuation if realized. Zacks Raises Q1 EPS Estimates
• Neutral Sentiment: Devon published pro forma details related to the Coterra merger; investors should review the disclosure for expected pro-forma production, costs, and capital allocation changes—potentially material but requiring deeper analysis. Devon Details Pro Forma Impact
• Neutral Sentiment: CNBC included Devon on a list of dividend stocks favored for steady income, which may attract income-oriented investors but is not a near-term catalyst on its own. CNBC Dividend Stocks
• Negative Sentiment: Zacks Research also published a note lowering some earnings estimates for Devon in a separate update, which introduces downside risk if revisions persist or actual results miss. Zacks Lowers Earnings Estimates

Analyst Ratings Changes

A number of brokerages recently weighed in on DVN. Zacks Research raised shares of Devon Energy from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 4th. Barclays boosted their price target on shares of Devon Energy from $52.00 to $54.00 and gave the stock an "overweight" rating in a research report on Monday, March 16th. Raymond James Financial boosted their price target on shares of Devon Energy from $44.00 to $52.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 11th. Sanford C. Bernstein boosted their price target on shares of Devon Energy from $42.00 to $59.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Scotiabank raised shares of Devon Energy to a "hold" rating in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.11.

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.

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