Vise Technologies Inc. Makes New $2.56 Million Investment in Devon Energy Corporation $DVN

Key Points

• Vise Technologies acquired 62,046 Devon Energy shares worth approximately $2.56 million during the second quarter, while institutional investors and hedge funds collectively own 69.72% of DVN.
• Devon Energy reported quarterly EPS of $1.57, beating estimates of $1.40, while revenue rose 73.1% year over year to $7.42 billion. The company also declared a quarterly dividend of $0.32 per share, representing a 2.6% annualized yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $59.15 versus the stock’s $49.19 opening price. However, Zacks recently lowered several future EPS forecasts and maintained a “Hold” rating.

Vise Technologies Inc. bought a new stake in Devon Energy Corporation (NYSE:DVN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 62,046 shares of the energy company's stock, valued at approximately $2,564,000.

Several other large investors have also recently made changes to their positions in DVN. Woodline Partners LP boosted its stake in shares of Devon Energy by 98.8% in the first quarter. Woodline Partners LP now owns 115,780 shares of the energy company's stock valued at $4,330,000 after purchasing an additional 57,555 shares during the period. Sivia Capital Partners LLC purchased a new stake in Devon Energy during the 2nd quarter worth approximately $403,000. Jump Financial LLC lifted its holdings in Devon Energy by 58.8% during the 2nd quarter. Jump Financial LLC now owns 28,251 shares of the energy company's stock worth $899,000 after buying an additional 10,464 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Devon Energy by 17.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 148,882 shares of the energy company's stock worth $4,736,000 after buying an additional 22,482 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in Devon Energy by 6.0% in the 2nd quarter. NewEdge Advisors LLC now owns 144,174 shares of the energy company's stock valued at $4,586,000 after buying an additional 8,127 shares during the period. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Devon Energy news, SVP Andrea Alexander sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $46.74, for a total transaction of $841,320.00. Following the sale, the senior vice president owned 138,529 shares of the company's stock, valued at approximately $6,474,845.46. This trade represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.58% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Zacks Research cut Devon Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 27th. Wolfe Research set a $67.00 target price on Devon Energy and gave the stock an "outperform" rating in a research note on Monday, June 22nd. BMO Capital Markets restated an "outperform" rating on shares of Devon Energy in a report on Wednesday, June 10th. Barclays reduced their price target on Devon Energy from $62.00 to $58.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Mizuho lifted their price objective on Devon Energy from $62.00 to $68.00 and gave the company an "outperform" rating in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.15.

Devon Energy Stock Down 0.2%

Shares of NYSE DVN opened at $49.19 on Friday. The business has a 50-day moving average of $43.73 and a two-hundred day moving average of $45.45. The company has a market capitalization of $54.11 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.35 and a beta of 0.38. Devon Energy Corporation has a 1 year low of $31.47 and a 1 year 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.

Devon Energy (NYSE:DVN - Get Free Report) last released 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. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.The business had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $6.01 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business's revenue for the quarter was up 73.1% on a year-over-year basis. On average, analysts forecast that Devon Energy Corporation will post 5.2 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

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

Devon Energy News Summary

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.

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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