Landscape Capital Management L.L.C. Makes New $2.10 Million Investment in Devon Energy Corporation $DVN

Landscape Capital Management L.L.C. acquired a new stake in shares of Devon Energy Corporation (NYSE:DVN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,694 shares of the energy company's stock, valued at approximately $2,095,000.

Other institutional investors also recently modified their holdings of the company. Korea Investment CORP acquired a new position in Devon Energy in the 2nd quarter valued at $36,479,000. EP Wealth Advisors LLC bought a new stake in shares of Devon Energy in the second quarter valued at about $1,977,000. Ieq Capital LLC bought a new position in Devon Energy during the second quarter valued at about $16,414,000. Callan Family Office LLC bought a new stake in shares of Devon Energy during the second quarter valued at approximately $1,869,000. Finally, Keebeck Wealth Management bought a new position in Devon Energy in the second quarter worth $251,000. Institutional investors own 69.72% of the company's stock.

Devon Energy Stock Performance

DVN stock opened at $49.19 on Friday. The company has a 50 day moving average price of $43.73 and a 200 day moving average price of $45.45. Devon Energy Corporation has a fifty-two week low of $31.47 and a fifty-two week high of $52.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.72 and a quick ratio of 0.67. The stock has a market capitalization of $54.11 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.35 and a beta of 0.38.

Devon Energy (NYSE:DVN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 14.93% and a net margin of 16.67%.The business's quarterly revenue was up 73.1% compared to the same quarter last year. During the same period last year, the company earned $0.84 EPS. Analysts forecast that Devon Energy Corporation will post 5.2 EPS for the current year.

Devon Energy Dividend Announcement

The company 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 $0.32 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.28 annualized dividend and a yield of 2.6%. Devon Energy's dividend payout ratio (DPR) is currently 30.40%.

Analyst Ratings Changes

A number of analysts recently weighed in on DVN shares. Roth Capital reissued a "buy" rating and issued a $57.00 target price on shares of Devon Energy in a research note on Tuesday, April 28th. Truist Financial boosted their target price on shares of Devon Energy from $61.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Mizuho increased their target price on shares of Devon Energy from $62.00 to $68.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 27th. BMO Capital Markets restated an "outperform" rating on shares of Devon Energy in a research report on Wednesday, June 10th. Finally, Weiss Ratings raised shares of Devon Energy from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Two investment 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.15.

Devon Energy News Roundup

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

• Positive Sentiment: Zacks Research raised its Q2 2027 EPS forecast to $1.05 from $1.03 and its FY2028 estimate to $4.76 from $4.73. These modest upgrades suggest some confidence in Devon Energy’s longer-term earnings potential. Zacks Research Raises Earnings Estimates for Devon Energy
• Neutral Sentiment: Devon Energy announced a major executive leadership reshuffle effective August 20. The change could improve execution or strategic focus, but the available report does not provide enough detail to determine its financial impact. Devon Energy Announces Major Executive Leadership Reshuffle
• Neutral Sentiment: Analysts published commentary covering Devon Energy and Plains All American, but the available headline does not disclose a specific rating change, target-price adjustment, or forecast that would clearly move DVN shares. Analysts Offer Insights on Energy Companies: Plains All American and Devon Energy
• Negative Sentiment: Zacks cut its Q3 2026 EPS forecast to $1.13 from $1.24, Q3 2027 to $0.89 from $1.19, Q4 2027 to $1.04 from $1.23, and FY2027 to $4.29 from $4.70. The reductions outweigh the small upward revisions and may pressure sentiment. Zacks maintains a “Hold” rating.

Insider Transactions at Devon Energy

In related news, SVP Andrea Alexander sold 18,000 shares of Devon Energy stock in a transaction dated 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 sale, the senior vice president directly owned 138,529 shares in the company, valued at $6,474,845.46. This trade represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.58% of the stock is currently owned by corporate insiders.

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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