Analysts’ Weekly Ratings Changes for Devon Energy (DVN)

Several brokerages have updated their recommendations and price targets on shares of Devon Energy (NYSE: DVN) in the last few weeks:

• 9/28/2026 – Devon Energy had its price target lowered by Wells Fargo & Company from $65.00 to $64.00. They now have an “overweight” rating on the stock.
• 9/14/2026 – Devon Energy had its price target raised by Raymond James Financial, Inc. from $64.00 to $67.00. They now have a “strong-buy” rating on the stock.
• 9/14/2026 – Devon Energy had its price target raised by UBS Group AG from $55.00 to $63.00. They now have a “buy” rating on the stock.
• 9/10/2026 – Devon Energy is now covered by Stifel Nicolaus. They set a “buy” rating and a $61.00 price target on the stock.
• 9/9/2026 – Devon Energy was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 9/5/2026 – Devon Energy was downgraded by Wall Street Zen from “buy” to “hold”.
• 9/3/2026 – Devon Energy is now covered by Seaport Research Partners. They set a “buy” rating and a $65.00 price target on the stock.
• 9/2/2026 – Devon Energy is now covered by Seaport Research Partners. They set a “buy” rating and a $65.00 price target on the stock.
• 8/31/2026 – Devon Energy had its price target raised by Citigroup Inc. from $65.00 to $67.00. They now have a “buy” rating on the stock.
• 8/25/2026 – Devon Energy was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.
• 8/17/2026 – Devon Energy had its price target lowered by Barclays PLC from $62.00 to $58.00. They now have an “overweight” rating on the stock.
• 8/17/2026 – Devon Energy had its “buy” rating reaffirmed by Argus. They now have a $45.85 price target on the stock.
• 8/15/2026 – Devon Energy was upgraded by Wall Street Zen from “hold” to “buy”.
• 8/13/2026 – Devon Energy had its price target lowered by Wells Fargo & Company from $68.00 to $65.00. They now have an “overweight” rating on the stock.
• 8/11/2026 – Devon Energy was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 8/6/2026 – Devon Energy had its price target raised by Truist Financial Corporation from $61.00 to $65.00. They now have a “buy” rating on the stock.

Devon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.7%. Devon Energy’s payout ratio is currently 30.40%.

Insiders Place Their Bets

In other Devon Energy news, EVP Robert Ferrall Lowe III sold 6,756 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $50.95, for a total value of $344,218.20. Following the sale, the executive vice president directly owned 72,720 shares of the company’s stock, valued at approximately $3,705,084. This represents a 8.50% 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. Also, CEO Clay Gaspar purchased 3,913 shares of the business’s stock in a transaction on Monday, September 14th. The shares were bought at an average cost of $51.08 per share, for a total transaction of $199,876.04. Following the completion of the transaction, the chief executive officer directly owned 619,152 shares in the company, valued at $31,626,284.16. This trade represents a 0.64% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 4.58% of the company’s stock.

Devon Energy Corporation is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company also gathers, processes and transports hydrocarbons through related midstream infrastructure and markets its production to customers in the United States.

Devon’s operations are concentrated in U.S. onshore basins, including the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin.