Tejara Capital Ltd Acquires Shares of 34,900 Devon Energy Corporation $DVN

Key Points

• Tejara Capital acquired 34,900 Devon Energy shares in the second quarter, valued at approximately $1.44 million. Institutional investors collectively own 69.72% of DVN.
• Devon reported strong quarterly results, with EPS of $1.57 versus the $1.40 consensus and revenue of $7.42 billion, up 73.1% year over year.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and a $59.15 average price target; Devon also declared a quarterly dividend of $0.32 per share, yielding about 2.6%.

Tejara Capital Ltd purchased a new stake in shares of Devon Energy Corporation (NYSE:DVN - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 34,900 shares of the energy company's stock, valued at approximately $1,442,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DVN. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Devon Energy during the 4th quarter worth $25,000. JFS Wealth Advisors LLC raised its stake in shares of Devon Energy by 56.6% in the 2nd 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. MV Capital Management Inc. bought a new position in shares of Devon Energy during the fourth quarter worth about $29,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Devon Energy during the second quarter worth about $29,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in Devon Energy in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 69.72% of the company's stock.

Trending Headlines about Devon Energy

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

• Positive Sentiment: Devon’s production reportedly exceeded guidance following its merger, suggesting potential execution benefits and stronger-than-expected output from the combined portfolio. Devon Energy stock in focus as output tops guidance post-merger
• Positive Sentiment: Argus initiated or reiterated a “Buy” rating on DVN, providing additional support for the stock’s recent strength. Devon Energy Earns Buy Rating from Argus
• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $4.96 from $4.53, while increasing estimates for Q4 2026, Q1 2027 and Q1 2028. These revisions indicate better expectations for near-term earnings, though Zacks still rates the shares “Hold.”
• Positive Sentiment: Analyst commentary highlighted Devon’s multi-basin portfolio, low-cost operations and modest leverage as strengths that may help it perform through commodity-price volatility. Shares were reported to have gained 9.2% over the prior month. DVN Stock Outperforms Industry in a Month

Devon Energy Trading Up 2.4%

Shares of NYSE:DVN opened at $49.35 on Friday. 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 company's 50-day moving average price is $43.65 and its 200 day moving average price is $45.42. The company has a market cap of $54.28 billion, a PE ratio of 11.72, a P/E/G ratio of 1.37 and a beta of 0.38. 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 posted its earnings results 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 analysts' expectations of $6.01 billion. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. Devon Energy's quarterly revenue was up 73.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. Sell-side analysts anticipate that Devon Energy Corporation will post 5.04 earnings per share for the current year.

Devon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.28 annualized dividend and a yield of 2.6%. Devon Energy's payout ratio is presently 30.40%.

Wall Street Analyst Weigh In

Several analysts have weighed in on DVN shares. Argus reiterated a "buy" rating and set a $45.85 target price on shares of Devon Energy in a research note on Monday. Raymond James Financial decreased their price target on shares of Devon Energy from $66.00 to $64.00 and set a "strong-buy" rating for the company in a report on Thursday, July 16th. Wells Fargo & Company lowered their price objective on shares of Devon Energy from $68.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, August 13th. BMO Capital Markets reiterated an "outperform" rating on shares of Devon Energy in a research note on Wednesday, June 10th. Finally, Wall Street Zen raised shares of Devon Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.15.

Insiders Place Their Bets

In other Devon Energy news, SVP Andrea Alexander sold 18,000 shares of the business's stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $46.74, for a total transaction of $841,320.00. Following the completion of the transaction, the senior vice president owned 138,529 shares in the company, valued at approximately $6,474,845.46. The trade was a 11.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.58% of the stock is owned by 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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