GSA Capital Partners LLP Has $741,000 Holdings in Devon Energy Corporation $DVN

Key Points

• GSA Capital Partners cut its Devon Energy stake by 78.2% in the second quarter, selling 64,179 shares and retaining 17,941 shares valued at approximately $741,000. Institutional investors collectively own 69.72% of DVN.
• Devon Energy reported quarterly EPS of $1.57, beating estimates of $1.40, while revenue reached $7.42 billion versus the $6.01 billion consensus estimate. Revenue increased 73.1% year over year.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $59.15 price target compared with the stock’s $48.16 opening price; Devon also declared a quarterly dividend of $0.32 per share, yielding about 2.7% annually.

GSA Capital Partners LLP trimmed its holdings in shares of Devon Energy Corporation (NYSE:DVN - Free Report) by 78.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,941 shares of the energy company's stock after selling 64,179 shares during the period. GSA Capital Partners LLP's holdings in Devon Energy were worth $741,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of DVN. Russell Investments Group Ltd. increased its stake in shares of Devon Energy by 45.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,029,165 shares of the energy company's stock valued at $83,878,000 after acquiring an additional 638,475 shares in the last quarter. Stoneridge Investment Partners LLC boosted its stake in Devon Energy by 44.8% during the second quarter. Stoneridge Investment Partners LLC now owns 20,661 shares of the energy company's stock worth $932,000 after acquiring an additional 6,395 shares in the last quarter. One Wealth Advisors LLC boosted its stake in Devon Energy by 28.3% during the second quarter. One Wealth Advisors LLC now owns 14,062 shares of the energy company's stock worth $581,000 after acquiring an additional 3,098 shares in the last quarter. Clearstead Trust LLC boosted its stake in Devon Energy by 14.2% during the second quarter. Clearstead Trust LLC now owns 3,201 shares of the energy company's stock worth $132,000 after acquiring an additional 399 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in Devon Energy by 55.5% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 764,087 shares of the energy company's stock worth $31,572,000 after purchasing an additional 272,638 shares during the period. Institutional investors and hedge funds own 69.72% of the company's stock.

Insider Activity

In other news, SVP Andrea Alexander sold 18,000 shares of the company's stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $46.74, for a total value of $841,320.00. Following the completion of the sale, the senior vice president owned 138,529 shares in the company, valued at $6,474,845.46. This represents a 11.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.58% of the stock is currently owned by insiders.

Devon Energy Price Performance

Shares of NYSE DVN opened at $48.16 on Thursday. The stock has a market cap of $52.98 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.36 and a beta of 0.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.67 and a current ratio of 0.72. Devon Energy Corporation has a fifty-two week low of $31.47 and a fifty-two week high of $52.71. The firm's 50-day simple moving average is $43.56 and its 200 day simple moving average is $45.36.

Devon Energy (NYSE:DVN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.40 by $0.17. The firm had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $6.01 billion. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.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 business posted $0.84 earnings per share. As a group, research analysts anticipate that Devon Energy Corporation will post 5.04 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Devon Energy's payout ratio is currently 30.40%.

Devon Energy News Roundup

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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Raymond James Financial dropped their price objective on shares of Devon Energy from $66.00 to $64.00 and set a "strong-buy" rating on the stock in a report on Thursday, July 16th. Capital One Financial reduced their target price on Devon Energy from $63.00 to $61.00 and set an "overweight" rating for the company in a research note on Tuesday, June 2nd. Wells Fargo & Company decreased their target price on Devon Energy from $68.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, August 13th. Wall Street Zen upgraded Devon Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. 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 analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $59.15.

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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