Hussman Strategic Advisors Inc. Acquires New Position in Devon Energy Corporation $DVN

Key Points

• Hussman Strategic Advisors established a new position in Devon Energy in Q4, buying 42,000 shares valued at about $1.54 million, while institutional investors now own roughly 69.72% of the company and several other funds also added or increased stakes.
• Analyst sentiment has turned more positive with multiple upgrades and higher targets (e.g., Piper Sandler to $67, Zacks to "strong‑buy"), leaving a MarketBeat consensus rating of Moderate Buy and a $54.85 target.
• Devon slightly beat Q1 EPS expectations ($0.82 vs. $0.81) and revenue missed/beat context showed strength, pays a $0.24 quarterly dividend (1.9% yield), and reported progress on the planned Coterra acquisition that could boost scale and cash‑flow synergies.

Hussman Strategic Advisors Inc. acquired a new stake in Devon Energy Corporation (NYSE:DVN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 42,000 shares of the energy company's stock, valued at approximately $1,538,000.

Several other large investors have also bought and sold shares of the business. Composition Wealth LLC acquired a new position in Devon Energy in the fourth quarter valued at approximately $412,000. Kornitzer Capital Management Inc. KS bought a new stake in Devon Energy in the fourth quarter valued at approximately $206,000. Horizon Investments LLC increased its stake in Devon Energy by 10.3% in the fourth quarter. Horizon Investments LLC now owns 84,858 shares of the energy company's stock valued at $3,108,000 after purchasing an additional 7,946 shares in the last quarter. One Wealth Advisors LLC bought a new stake in Devon Energy in the fourth quarter valued at approximately $266,000. Finally, Fifth Third Bancorp increased its stake in Devon Energy by 6.7% in the fourth quarter. Fifth Third Bancorp now owns 34,610 shares of the energy company's stock valued at $1,268,000 after purchasing an additional 2,180 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DVN shares. Piper Sandler upped their target price on shares of Devon Energy from $59.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, March 12th. Zacks Research raised shares of Devon Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 28th. Capital One Financial decreased their target price on shares of Devon Energy from $64.00 to $63.00 and set an "overweight" rating for the company in a research report on Tuesday, April 14th. Sanford C. Bernstein increased their price target on shares of Devon Energy from $42.00 to $59.00 and gave the company an "outperform" rating in a research note on Monday, April 13th. Finally, Jefferies Financial Group raised their target price on shares of Devon Energy from $44.00 to $53.00 and gave the stock a "hold" rating in a research note on Monday, April 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Devon Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.85.

Devon Energy News Summary

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

• Positive Sentiment: Zacks upgraded Devon to a top momentum/strong‑buy view and highlights DVN’s favorable style scores and upward earnings revisions, supporting near‑term buying interest. Read More.
• Positive Sentiment: Analysts have recently raised earnings estimates and several outlets note upgrades that pushed the shares higher earlier this week, suggesting improved earnings visibility heading into Q1 results. Read More.
• Positive Sentiment: Devon led energy gains in recent NYSE trading, reflecting sector strength and investor preference for energy names with buybacks/dividend capacity. Read More.
• Positive Sentiment: Progress on the Coterra deal is visible: S&P is replacing Coterra with Veeva ahead of the expected close of Devon’s acquisition, which signals the merger is advancing through closing steps. That can drive scale and cash‑flow synergies if completed. Read More.
• Neutral Sentiment: Street prep pieces and consensus estimates for DVN’s Q1 metrics continue to circulate — useful for event traders but not new fundamental catalysts by themselves. Read More.
• Neutral Sentiment: Unusually large options activity has been flagged on DVN, indicating elevated trader interest/positioning but not revealing directional conviction on fundamentals. Read More.
• Neutral Sentiment: Coverage pieces note mixed analyst sentiment across the sector — some see longer‑term upside while others caution on commodity cyclicality; views remain heterogeneous. Read More.
• Negative Sentiment: Investor pressure and governance debates (notably from activist investors around the Coterra merger and capital‑allocation choices) could weigh on the stock if integration or board/capital decisions become contentious. Read More.

Devon Energy Stock Performance

NYSE DVN opened at $50.62 on Friday. The firm has a 50-day moving average of $47.09 and a 200-day moving average of $40.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.90 and a current ratio of 0.98. The stock has a market cap of $31.43 billion, a PE ratio of 12.14, a P/E/G ratio of 0.80 and a beta of 0.43. Devon Energy Corporation has a 52-week low of $29.70 and a 52-week high of $52.71.

Devon Energy (NYSE:DVN - Get Free Report) last posted its earnings results on Tuesday, February 17th. The energy company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. The company had revenue of $4.12 billion during 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%. Devon Energy's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. On average, sell-side analysts anticipate that Devon Energy Corporation will post 5.66 EPS for the current year.

Devon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, March 13th. Devon Energy's dividend payout ratio (DPR) is currently 23.02%.

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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