Resonant Capital Advisors LLC Has $520,000 Position in Devon Energy Corporation $DVN

Resonant Capital Advisors LLC cut its stake in shares of Devon Energy Corporation (NYSE:DVN) by 75.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,832 shares of the energy company’s stock after selling 46,455 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Devon Energy were worth $520,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DVN. TD Asset Management Inc boosted its holdings in Devon Energy by 6.4% during the 2nd quarter. TD Asset Management Inc now owns 267,322 shares of the energy company’s stock worth $8,504,000 after acquiring an additional 16,106 shares during the last quarter. Natixis lifted its position in shares of Devon Energy by 101.4% during the second quarter. Natixis now owns 73,902 shares of the energy company’s stock valued at $2,351,000 after purchasing an additional 37,211 shares in the last quarter. Stephens Inc. AR boosted its holdings in Devon Energy by 90.4% during the second quarter. Stephens Inc. AR now owns 72,546 shares of the energy company’s stock worth $2,308,000 after purchasing an additional 34,448 shares during the last quarter. CWM LLC grew its position in Devon Energy by 70.0% in the 3rd quarter. CWM LLC now owns 336,861 shares of the energy company’s stock worth $11,810,000 after purchasing an additional 138,717 shares in the last quarter. Finally, Scott & Selber Inc. bought a new stake in Devon Energy in the 2nd quarter worth about $2,455,000. 69.72% of the stock is owned by institutional investors.

Devon Energy News Roundup

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

• Positive Sentiment: Unusual call?option activity flagged by options scanners, interpreted by some traders as a bet on a dividend hike or other shareholder return (could support the stock if a payout is announced). Devon Energy Unusual Call Option Activity
• Neutral Sentiment: Market commentary and trading notes showing short?term volatility: Zacks flagged a selloff on 1/15 and noted a prior uptick on 1/14 — indicates headline?driven moves rather than a single fundamental change. Devon Energy (DVN) Stock Dips While Market Gains: Key Facts
• Neutral Sentiment: Discussion pieces on whether Wall Street analyst views justify positions — useful context but not a direct catalyst. Is It Worth Investing in Devon Energy (DVN)
• Negative Sentiment: Multiple reports that Devon and Coterra are in merger talks — such headlines can create uncertainty over deal terms, potential dilution or leadership changes; initial market reaction saw Devon shares fall while Coterra rose. (coverage: Reuters, Bloomberg, Financial Post) Reuters: Devon and Coterra in merger talks Bloomberg/MSN: Coterra exploring deal Financial Post: Coterra considers combining with Devon
• Negative Sentiment: BMO Capital Markets trimmed its price target on DVN (maintained Outperform) — the cut reduces near?term upside expectations even though the rating stayed constructive. MarketScreener: BMO cuts price target
• Negative Sentiment: JPMorgan lowered its price target on DVN while keeping an Overweight rating — another downward tweak to analyst targets that can weigh on sentiment even if brokerages remain bullish on longer?term fundamentals. MarketScreener: JPMorgan adjusts price target

Devon Energy Stock Down 0.4%

Shares of NYSE DVN opened at $36.19 on Monday. The business’s fifty day moving average price is $36.34 and its 200-day moving average price is $34.68. Devon Energy Corporation has a one year low of $25.89 and a one year high of $38.88. The stock has a market capitalization of $22.70 billion, a PE ratio of 8.52, a P/E/G ratio of 3.06 and a beta of 0.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.87.

Devon Energy (NYSE:DVN) last released its quarterly earnings data on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.93 by $0.11. The business had revenue of $0.00 million for the quarter, compared to the consensus estimate of $4.10 billion. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. During the same period in the prior year, the firm earned $1.10 earnings per share. On average, equities research analysts anticipate that Devon Energy Corporation will post 4.85 EPS for the current year.

Devon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, December 15th. Devon Energy’s payout ratio is currently 22.59%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Devon Energy from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Barclays dropped their price target on Devon Energy from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Scotiabank downgraded Devon Energy from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $47.00 to $41.00 in a research note on Thursday. Mizuho lifted their target price on Devon Energy from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, Piper Sandler cut their price target on shares of Devon Energy from $57.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.21.

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.