Nykredit A S Invests $3.77 Million in Devon Energy Corporation $DVN

Key Points

• Nykredit A/S acquired 91,331 Devon Energy shares in the second quarter, valued at approximately $3.77 million. Institutional investors and hedge funds collectively own 69.72% of the company.
• Devon reported strong quarterly results, with adjusted EPS of $1.57 versus $1.40 expected and revenue of $7.42 billion, up 73.1% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $59.23.
• The company declared a quarterly dividend of $0.32 per share, equating to a 2.7% yield, while SVP Andrea Alexander sold 18,000 shares worth approximately $841,000.

Nykredit A S bought a new stake in shares of Devon Energy Corporation (NYSE:DVN - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 91,331 shares of the energy company's stock, valued at approximately $3,774,000.

Several other large investors have also recently added to or reduced their stakes in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Devon Energy in the fourth quarter worth $25,000. JFS Wealth Advisors LLC raised its stake in shares of Devon Energy by 56.6% during the second quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company's stock valued at $28,000 after purchasing an additional 245 shares in the last quarter. Parvin Asset Management LLC bought a new stake in shares of Devon Energy during the second quarter valued at about $28,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Devon Energy in the second quarter worth about $29,000. Finally, GoalVest Advisory LLC bought a new position in Devon Energy in the 2nd quarter valued at about $30,000. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Devon Energy News Roundup

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

• Positive Sentiment: Seaport Global upgraded Devon to Buy, citing the company’s strong second-quarter 2026 results and continued operating potential. The company reported adjusted EPS of $1.57, above the $1.40 consensus estimate, while revenue of $7.42 billion significantly exceeded expectations and rose 73.1% year over year. Devon Energy stock gains on Seaport Global buy rating and strong Q2 2026 earnings
• Positive Sentiment: Options activity signals increased bullish interest. Traders purchased 47,557 Devon call options, approximately 21% above typical call volume. While options activity is not a fundamental indicator, the elevated call buying may support near-term momentum and suggests some traders are positioning for further gains.
• Positive Sentiment: Goldman Sachs continues to view Devon as an attractive energy dividend opportunity. Goldman highlighted Devon alongside other energy dividend stocks that may still offer upside despite the sector’s strong rally. Brent crude above $95 per barrel and continued strength in the energy sector provide a supportive backdrop for Devon’s oil and gas earnings and shareholder returns. Goldman’s Energy Dividend Picks: Why Devon and HF Sinclair Still Offer Upside
• Neutral Sentiment: Post-earnings momentum remains a focus for investors. Devon is up 16.5% since its latest earnings release, prompting analysis of whether earnings estimates can support additional gains. Its relatively low valuation, including a price-to-earnings ratio near 11, supports the value case, but the stock’s proximity to its 12-month high may limit immediate upside. Devon Energy up 16.5% since last earnings report

Insider Buying and Selling

In other Devon Energy news, SVP Andrea Alexander sold 18,000 shares of the firm's stock in a transaction dated 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 transaction, 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 filing with the SEC, which is available through this link. Corporate insiders own 4.58% of the company's stock.

Devon Energy Stock Performance

DVN opened at $48.08 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.24. The firm has a market cap of $52.89 billion, a PE ratio of 11.42, a P/E/G ratio of 1.31 and a beta of 0.37. The business has a fifty day simple moving average of $44.79 and a 200-day simple moving average of $45.79. Devon Energy Corporation has a fifty-two week low of $31.47 and a fifty-two week high of $52.71.

Devon Energy (NYSE:DVN - Get Free Report) last announced its earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.40 by $0.17. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.The company had revenue of $7.42 billion for the quarter, compared to analyst estimates of $6.01 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. Devon Energy's revenue for the quarter was up 73.1% compared to the same quarter last year. As a group, equities analysts predict that Devon Energy Corporation will post 5.24 EPS for the current fiscal 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 issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Devon Energy's payout ratio is presently 30.40%.

Analyst Ratings Changes

Several research firms have commented on DVN. BMO Capital Markets reissued an "outperform" rating on shares of Devon Energy in a research note on Wednesday, June 10th. Jefferies Financial Group increased their price objective 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. Mizuho raised their price objective on shares of Devon Energy from $62.00 to $68.00 and gave the company an "outperform" rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded Devon Energy from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Argus reaffirmed a "buy" rating and set a $45.85 price target on shares of Devon Energy in a research note on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Devon Energy presently has a consensus rating of "Moderate Buy" and an average target price of $59.23.

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.

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