ARS Investment Partners LLC Has $425,000 Stock Holdings in Devon Energy Corporation $DVN

ARS Investment Partners LLC decreased its position in shares of Devon Energy Corporation (NYSE:DVN) by 81.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,590 shares of the energy company’s stock after selling 50,355 shares during the period. ARS Investment Partners LLC’s holdings in Devon Energy were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Wedge Capital Management L L P NC bought a new position in shares of Devon Energy during the fourth quarter valued at $9,931,000. Allianz Asset Management GmbH lifted its holdings in shares of Devon Energy by 4.3% during the third quarter. Allianz Asset Management GmbH now owns 833,155 shares of the energy company’s stock worth $29,210,000 after purchasing an additional 33,974 shares during the period. Investors Research Corp lifted its holdings in shares of Devon Energy by 13,787.5% during the fourth quarter. Investors Research Corp now owns 27,775 shares of the energy company’s stock worth $1,017,000 after purchasing an additional 27,575 shares during the period. Philip James Wealth Mangement LLC lifted its holdings in shares of Devon Energy by 43.8% during the fourth quarter. Philip James Wealth Mangement LLC now owns 161,368 shares of the energy company’s stock worth $5,911,000 after purchasing an additional 49,115 shares during the period. Finally, Greatmark Investment Partners Inc. lifted its holdings in shares of Devon Energy by 5.6% during the third quarter. Greatmark Investment Partners Inc. now owns 571,925 shares of the energy company’s stock worth $20,052,000 after purchasing an additional 30,435 shares during the period. Institutional investors and hedge funds own 69.72% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Jeffrey L. Ritenour sold 70,029 shares of Devon Energy stock in a transaction on Monday, May 11th. The shares were sold at an average price of $46.66, for a total transaction of $3,267,553.14. Following the completion of the transaction, the executive vice president owned 428,452 shares of the company’s stock, valued at $19,991,570.32. This trade represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Adam M. Vela sold 24,342 shares of Devon Energy stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $47.21, for a total transaction of $1,149,185.82. Following the transaction, the senior vice president directly owned 130,540 shares of the company’s stock, valued at $6,162,793.40. This represents a 15.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.71% of the stock is owned by company insiders.

Devon Energy Price Performance

Shares of NYSE DVN opened at $49.55 on Friday. Devon Energy Corporation has a twelve month low of $30.24 and a twelve month high of $52.71. The firm has a fifty day simple moving average of $47.75 and a 200 day simple moving average of $41.38. The company has a market capitalization of $30.79 billion, a PE ratio of 13.80, a P/E/G ratio of 0.79 and a beta of 0.43. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 0.48.

Devon Energy (NYSE:DVN) last announced its earnings results on Tuesday, May 5th. The energy company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). Devon Energy had a return on equity of 15.22% and a net margin of 13.71%.The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the business earned $0.82 EPS. Devon Energy’s quarterly revenue was down 14.5% on a year-over-year basis. On average, sell-side analysts forecast that Devon Energy Corporation will post 5.25 EPS for the current year.

Devon Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.32 per share. This is a boost from Devon Energy’s previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Devon Energy’s payout ratio is 26.74%.

Analyst Ratings Changes

DVN has been the topic of a number of recent research reports. Evercore initiated coverage on shares of Devon Energy in a report on Friday. They set an “in-line” rating and a $54.00 price target on the stock. Royal Bank Of Canada lifted their price target on shares of Devon Energy from $46.00 to $59.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 8th. UBS Group cut their price target on shares of Devon Energy from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Barclays lifted their price target on shares of Devon Energy from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Finally, TD Cowen lifted their price target on shares of Devon Energy from $46.00 to $50.00 and gave the stock a “hold” rating in a report on Tuesday, March 17th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.41.

Trending Headlines about Devon Energy

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

• Positive Sentiment: Rising oil prices are helping Devon Energy, and one recent bull case says the company still looks cheap with commodity tailwinds expected into the second half of 2026. Article: Devon Energy: Still Cheap With FQ2’26 & H2’26 Commodity Tailwinds – Reiterate Buy
• Positive Sentiment: Recent coverage highlights Devon as a strong way to benefit from oil-market strength, with investors also focusing on the company’s post-merger scale and higher dividend outlook after the Coterra combination. Article: Devon Energy jumps as oil prices rise and investors digest post-merger capital return outlook
• Positive Sentiment: Devon’s higher quarterly dividend and ongoing analyst price targets in the mid-to-high $50s to $60s continue to support the stock’s income and valuation appeal.
• Neutral Sentiment: Evercore initiated coverage with an “in-line” rating and a $54 price target, suggesting fair value rather than a strong catalyst for a sharp re-rating.
• Neutral Sentiment: Articles comparing Devon Energy with Chevron frame DVN as the more oil-sensitive pick, which can help when crude is strong but leaves it more exposed if prices weaken. Article: Devon Energy vs. Chevron: Here’s the Better Oil Stock to Own Right Now
• Negative Sentiment: Scotiabank sharply reduced FY2026 and FY2027 earnings estimates, pointing to weaker profitability expectations ahead and weighing on investor sentiment. Article: Why Devon Energy’s (NYSE:DVN) Soft Earnings Are Just The Beginning Of Its Problems
• Negative Sentiment: Insider selling by SVP Adam Vela, along with the weak recent earnings report that missed revenue estimates, may be adding pressure by reinforcing concerns about near-term fundamentals. Article: Devon Energy (NYSE:DVN) SVP Adam Vela Sells 24,342 Shares

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.