AssuredPartners Investment Advisors LLC Acquires New Shares in Devon Energy Corporation $DVN

Key Points

• AssuredPartners Investment Advisors acquired 90,693 Devon Energy shares worth approximately $3.75 million in the second quarter. Institutional investors collectively own 69.72% of the company.
• Devon Energy reported quarterly EPS of $1.57, beating estimates by $0.17, while revenue reached $7.42 billion—up 73.1% year over year and well above analyst expectations.
• The company declared a quarterly dividend of $0.32 per share, equivalent to an annualized $1.28 payout and a 2.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $59.15.

AssuredPartners Investment Advisors LLC bought a new position in shares of Devon Energy Corporation (NYSE:DVN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 90,693 shares of the energy company's stock, valued at approximately $3,747,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Devon Energy during the 4th quarter valued at about $25,000. JFS Wealth Advisors LLC lifted its stake in Devon Energy by 56.6% in the second quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company's stock valued at $28,000 after buying an additional 245 shares in the last quarter. MV Capital Management Inc. bought a new position in Devon Energy in the fourth quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Devon Energy in the second quarter valued at approximately $29,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Devon Energy during the fourth quarter worth $29,000. 69.72% of the stock is currently owned by institutional investors.

Devon Energy Trading Up 0.7%

Shares of Devon Energy stock opened at $48.16 on Thursday. The stock has a market cap of $52.98 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.36 and a beta of 0.38. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.24. Devon Energy Corporation has a 12-month low of $31.47 and a 12-month high of $52.71. The business's 50 day moving average is $43.56 and its 200-day moving average is $45.36.

Devon Energy (NYSE:DVN - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $7.42 billion for the quarter, compared to analyst estimates of $6.01 billion. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. The company's quarterly revenue was up 73.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 earnings per share. Equities research analysts predict that Devon Energy Corporation will post 5.04 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.7%. Devon Energy's dividend payout ratio (DPR) is presently 30.40%.

Insider Buying and Selling

In other Devon Energy news, SVP Andrea Alexander sold 18,000 shares of the business'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 of the company's stock, valued at $6,474,845.46. The trade was a 11.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.58% of the company's stock.

Devon Energy News Summary

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

• Positive Sentiment: Devon’s post-merger output reportedly exceeded guidance, suggesting the combined operations may be delivering stronger-than-expected production and improving confidence in near-term results. Devon Energy stock in focus as output tops guidance post-merger
• Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $4.96 from $4.53 and increased estimates for Q4 2026 to $1.22 from $1.16 and Q1 2027 to $1.31 from $1.26. The upgrades indicate improved expectations for Devon’s earnings trajectory. Devon Energy analyst estimates
• Positive Sentiment: Argus initiated or reaffirmed a “Buy” rating on Devon Energy, adding a favorable Wall Street view as the company benefits from its multi-basin portfolio, low-cost operations and relatively modest leverage. Devon Energy earns Buy rating from Argus
• Neutral Sentiment: Devon’s shares have outperformed the industry over the past month. The company’s diversified production base and cost structure offer support, but earnings remain exposed to oil and natural-gas price swings. DVN stock outperforms industry in a month
• Neutral Sentiment: Despite the higher earnings forecasts, Zacks Research maintains a “Hold” rating, suggesting analysts see balanced upside and risk at current valuation levels.

Analyst Ratings Changes

DVN has been the subject of a number of research reports. Roth Capital reiterated a "buy" rating and set a $57.00 target price on shares of Devon Energy in a report on Tuesday, April 28th. BMO Capital Markets restated an "outperform" rating on shares of Devon Energy in a report on Wednesday, June 10th. Wall Street Zen raised Devon Energy from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Argus reiterated a "buy" rating and set a $45.85 price objective on shares of Devon Energy in a report on Monday. Finally, Weiss Ratings raised Devon Energy from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $59.15.

Devon Energy 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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