Danske Bank A S Takes Position in Devon Energy Corporation $DVN

Danske Bank A S bought a new position in Devon Energy Corporation (NYSE:DVN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 92,556 shares of the energy company’s stock, valued at approximately $3,824,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Devon Energy in the fourth quarter valued at approximately $25,000. JFS Wealth Advisors LLC boosted its holdings in Devon Energy by 56.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company’s stock worth $28,000 after acquiring an additional 245 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of Devon Energy in the 4th quarter worth $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Devon Energy in the 2nd quarter worth $29,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of Devon Energy in the fourth quarter valued at about $29,000. 69.72% of the stock is owned by institutional investors and hedge funds.

Devon Energy Stock Down 0.2%

DVN stock opened at $49.19 on Friday. The stock has a 50-day simple moving average of $43.73 and a two-hundred day simple moving average of $45.45. Devon Energy Corporation has a twelve month low of $31.47 and a twelve month high of $52.71. The firm has a market capitalization of $54.11 billion, a PE ratio of 11.68, a PEG ratio of 1.35 and a beta of 0.38. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.24.

Devon Energy (NYSE:DVN) 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 net margin of 16.67% and a return on equity of 14.93%. The company had revenue of $7.42 billion during the quarter, compared to analyst estimates of $6.01 billion. During the same period last year, the business earned $0.84 earnings per share. Devon Energy’s revenue was up 73.1% compared to the same quarter last year. On average, equities analysts predict that Devon Energy Corporation will post 5.2 EPS for the current fiscal year.

Devon Energy Announces Dividend

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

Key Stories Impacting Devon Energy

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.

Insider Activity

In related news, SVP Andrea Alexander sold 18,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $46.74, for a total value of $841,320.00. Following the sale, the senior vice president owned 138,529 shares in the company, valued at approximately $6,474,845.46. This trade represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays decreased their price target on Devon Energy from $62.00 to $58.00 and set an “overweight” rating for the company in a research report on Monday. Wolfe Research set a $67.00 price objective on shares of Devon Energy and gave the stock an “outperform” rating in a report on Monday, June 22nd. Mizuho lifted their price objective on shares of Devon Energy from $62.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Wells Fargo & Company reduced their target price 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. Finally, Wall Street Zen upgraded shares of Devon Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Devon Energy currently has an average rating of “Moderate Buy” and an average price target of $59.15.

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.