Devon Energy Corporation $DVN Shares Newly Acquired by Decker Wealth Management LLC

Key Points

• Decker Wealth Management acquired 146,777 Devon Energy shares worth approximately $6.76 million, making DVN about 1.4% of its portfolio. Institutional investors and hedge funds collectively own 69.72% of the company.
• Devon agreed to sell its Eagle Ford assets to Crescent Energy for approximately $4.2 billion in cash, with proceeds expected to support share buybacks and debt reduction while narrowing its focus to higher-return assets.
• DVN recently traded near $48.24, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $60.19. The company also reported earnings and revenue above expectations and pays a quarterly dividend of $0.32.

Decker Wealth Management LLC acquired a new stake in Devon Energy Corporation (NYSE:DVN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 146,777 shares of the energy company's stock, valued at approximately $6,758,000. Devon Energy comprises approximately 1.4% of Decker Wealth Management LLC's holdings, making the stock its 29th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riversedge Advisors LLC lifted its holdings in Devon Energy by 5.5% during the 3rd quarter. Riversedge Advisors LLC now owns 13,651 shares of the energy company's stock worth $628,000 after buying an additional 716 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Devon Energy by 5.6% in the 3rd quarter. Wedmont Private Capital now owns 22,809 shares of the energy company's stock valued at $1,116,000 after acquiring an additional 1,210 shares during the last quarter. BOS Asset Management LLC raised its position in shares of Devon Energy by 9.4% during the 3rd quarter. BOS Asset Management LLC now owns 50,273 shares of the energy company's stock valued at $2,315,000 after acquiring an additional 4,309 shares in the last quarter. Insight Wealth Strategies LLC lifted its stake in Devon Energy by 2.0% during the third quarter. Insight Wealth Strategies LLC now owns 149,247 shares of the energy company's stock worth $6,871,000 after purchasing an additional 2,929 shares during the last quarter. Finally, Chapin Davis Inc. lifted its stake in Devon Energy by 17.8% during the third quarter. Chapin Davis Inc. now owns 7,623 shares of the energy company's stock worth $351,000 after purchasing an additional 1,154 shares during the last quarter. Institutional investors and hedge funds own 69.72% of the company's stock.

Insider Buying and Selling

In related news, EVP Robert Ferrall Lowe III sold 6,756 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $50.95, for a total value of $344,218.20. Following the completion of the transaction, the executive vice president directly owned 72,720 shares of the company's stock, valued at $3,705,084. This represents a 8.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Clay M. Gaspar bought 3,913 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average price of $51.08 per share, for a total transaction of $199,876.04. Following the completion of the transaction, the chief executive officer owned 619,152 shares in the company, valued at $31,626,284.16. This trade represents a 0.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 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: Devon agreed to sell its Eagle Ford assets in South Texas to Crescent Energy for approximately $4.2 billion in cash. The sale covers about 90,000 net acres and production of roughly 68,000 barrels of oil equivalent per day. Management said the transaction sharpens Devon’s focus on higher-return, longer-duration assets and improves financial flexibility. Devon Energy Announces Agreement to Exit the Eagle Ford
• Positive Sentiment: Proceeds are expected to support shareholder buybacks and debt reduction, potentially strengthening Devon’s balance sheet and increasing per-share returns. The transaction is expected to close around year-end 2026. Devon Energy Eagle Ford Sale to Boost Buybacks and Reduce Debt
• Neutral Sentiment: Crescent said the acquisition would add about 68,000 boe/d and generate targeted annual synergies of $140 million, highlighting the strategic value of the assets but also underscoring that Devon is exiting a significant production base. Crescent Energy’s Devon Deal Strengthens Its Eagle Ford Dominance
• Negative Sentiment: Truist Financial reportedly cut its price target for DVN, although it maintained a Buy rating. A lower target may be limiting enthusiasm around the stock despite the favorable asset-sale narrative. Devon Energy Stock Price Target Cut by Truist Financial

Devon Energy Stock Performance

Shares of DVN traded down $0.68 during midday trading on Friday, hitting $48.24. 6,362,807 shares of the stock traded hands, compared to its average volume of 13,162,086. Devon Energy Corporation has a 1-year low of $31.47 and a 1-year high of $52.71. The firm has a market capitalization of $53.07 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.28 and a beta of 0.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.67 and a current ratio of 0.72. The business's 50 day moving average price is $47.35 and its two-hundred day moving average price is $46.33.

Devon Energy (NYSE:DVN - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.17. The business had revenue of $7.42 billion for the quarter, compared to analysts' expectations of $6.01 billion. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. The company's revenue for the quarter was up 73.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 EPS. Equities research analysts predict that Devon Energy Corporation will post 5.35 EPS for the current fiscal year.

Devon Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.32 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.7%. Devon Energy's dividend payout ratio (DPR) is presently 30.40%.

Analysts Set New Price Targets

Several analysts have weighed in on DVN shares. Stifel Nicolaus assumed coverage on shares of Devon Energy in a research note on Thursday, September 10th. They set a "buy" rating and a $61.00 target price for the company. Argus restated a "buy" rating and issued a $45.85 price target on shares of Devon Energy in a research report on Monday, August 17th. Barclays lifted their price target on shares of Devon Energy from $58.00 to $60.00 and gave the company an "overweight" rating in a report on Friday. The Goldman Sachs Group lowered their price objective on shares of Devon Energy from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. Finally, Morgan Stanley dropped their price objective on shares of Devon Energy from $66.00 to $63.00 and set an "overweight" rating on the stock in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $60.19.

About Devon Energy

Devon Energy Corporation NYSE: DVN is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company operates in the United States and focuses on onshore properties with oil- and liquids-rich resources.

Devon's operations are concentrated in several major U.S. producing regions, including the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin.

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