Devon Energy Corporation $DVN Holdings Lifted by Dynamic Advisor Solutions LLC

Key Points

• Dynamic Advisor Solutions increased its Devon Energy stake by 616.4% in the second quarter, holding 56,471 shares valued at approximately $2.33 million. Institutional investors and hedge funds collectively own 69.72% of the company.
• Devon reported stronger-than-expected quarterly results, with EPS of $1.57 versus $1.40 expected and revenue of $7.42 billion versus $6.01 billion estimated. The company also declared a quarterly dividend of $0.32 per share, representing a 3.0% annualized yield.
• Analysts maintain a generally positive outlook, with Devon carrying a “Moderate Buy” consensus rating and an average price target of $59.72. However, insiders sold more than 112,000 shares recently, and the company’s upside depends on integrating Coterra, realizing synergies and completing asset sales successfully.

Dynamic Advisor Solutions LLC increased its stake in shares of Devon Energy Corporation (NYSE:DVN - Free Report) by 616.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,471 shares of the energy company's stock after purchasing an additional 48,588 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Devon Energy were worth $2,333,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Tobam raised its position in shares of Devon Energy by 16.4% during the 4th quarter. Tobam now owns 1,633 shares of the energy company's stock worth $60,000 after purchasing an additional 230 shares during the period. TD Private Client Wealth LLC raised its stake in shares of Devon Energy by 3.4% during the fourth quarter. TD Private Client Wealth LLC now owns 7,152 shares of the energy company's stock valued at $262,000 after purchasing an additional 236 shares in the last quarter. Catalyst Financial Partners LLC raised its position in shares of Devon Energy by 3.9% during the 4th quarter. Catalyst Financial Partners LLC now owns 6,712 shares of the energy company's stock worth $246,000 after buying an additional 254 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in Devon Energy by 21.0% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,480 shares of the energy company's stock worth $54,000 after purchasing an additional 257 shares during the period. Finally, Zions Bancorporation National Association UT lifted its holdings in shares of Devon Energy by 7.9% in the fourth quarter. Zions Bancorporation National Association UT now owns 3,527 shares of the energy company's stock valued at $129,000 after buying an additional 258 shares during the period. Institutional investors and hedge funds own 69.72% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on DVN shares. Wall Street Zen lowered shares of Devon Energy from a "buy" rating to a "hold" rating in a research note on Sunday, June 21st. Susquehanna raised their price objective on Devon Energy from $57.00 to $63.00 and gave the stock a "positive" rating in a research report on Tuesday, July 21st. Jefferies Financial Group boosted 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. Argus boosted their price target on Devon Energy from $51.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, June 10th. Finally, Morgan Stanley lowered their target price on shares of Devon Energy from $66.00 to $63.00 and set an "overweight" rating on the stock in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Devon Energy currently has an average rating of "Moderate Buy" and an average target price of $59.72.

Devon Energy Stock Performance

DVN opened at $42.94 on Friday. Devon Energy Corporation has a 1 year low of $31.47 and a 1 year high of $52.71. The stock has a market cap of $26.68 billion, a PE ratio of 10.20 and a beta of 0.38. The company has a current ratio of 0.72, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock's 50 day simple moving average is $43.46 and its 200-day simple moving average is $44.87.

Devon Energy (NYSE:DVN - Get Free Report) last issued its earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.17. The business 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 firm's revenue was up 73.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 EPS. Sell-side analysts forecast that Devon Energy Corporation will post 4.72 EPS for the current year.

Devon Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Devon Energy's dividend payout ratio is currently 30.40%.

Insider Activity at Devon Energy

In other Devon Energy news, EVP Jeffrey L. Ritenour sold 70,029 shares of the business'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 transaction, the executive vice president directly owned 428,452 shares in the company, valued at $19,991,570.32. The trade was a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $841,320.00. Following the completion of the transaction, the senior vice president directly owned 138,529 shares in the company, valued at $6,474,845.46. The trade was a 11.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 112,371 shares of company stock valued at $5,258,059 in the last ninety days. Insiders own 4.58% of the company's stock.

Trending Headlines about Devon Energy

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

• Positive Sentiment: Strong Q2 performance: Devon exceeded expectations for the quarter ended June 2026, reporting $1.57 in earnings per share versus the $1.40 consensus estimate and revenue of $7.42 billion versus $6.01 billion expected. Production and costs also outperformed guidance. Devon Energy Q2 2026 Earnings Call Highlights
• Positive Sentiment: Cash flow and synergies support shareholder returns: Analysts highlighted approximately $1.66 billion of adjusted free cash flow, progress toward more than $1 billion in merger synergies and a disciplined approach to capital allocation. The company is also reviewing assets that could potentially generate more than $12 billion for debt reduction, reinvestment or shareholder returns. DVN Q2 Earnings Call Takeaways
• Positive Sentiment: Analyst support strengthened: Truist raised its price target from $61 to $65 and maintained a Buy rating. Evercore ISI and Siebert Williams Shank also reaffirmed Buy ratings, signaling continued confidence in Devon’s post-merger outlook. Truist price target update
• Positive Sentiment: Commentary remains favorable on Devon’s expanded Permian acreage, potential asset-sale proceeds and the market’s possible underestimation of the combined company’s operating synergies. The Market Still Underestimates the New Devon
• Neutral Sentiment: Better-than-expected results from Occidental and Murphy Oil reinforce a supportive energy-sector backdrop, although their results do not directly change Devon’s fundamentals. Occidental Q2 Earnings
• Negative Sentiment: The bullish thesis depends on successfully integrating Coterra, capturing planned synergies and completing asset sales at attractive prices. Any delays, weaker oil and gas prices or disappointing proceeds could limit the expected upside and help explain why the stock has decreased despite favorable coverage.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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