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Investors purchase high volume of Devon Energy call options (NYSE:DVN). Devon Energy Corporation (NYSE:DVN - Get Free Report) saw some unusual options trading on Friday. Investors bought 47,557 call options on the company. This is an increase of 21% compared to the typical volume of 39,175 call options. Wall street analyst weigh in. Several research firms have weighed in on DVN. Jefferies Financial Group increased their target price on shares of Devon Energy from $62.00 to $63.00 and gave the stock a "buy" rating in a report on Monday, May 18th. Wolfe Research set a $67.00 target price on Devon Energy and gave the company an "outperform" rating in a research note on Monday, June 22nd. Wells Fargo & Company lowered their price target on Devon Energy from $68.00 to $65.00 and set an "overweight" rating for the company in a report on Thursday, August 13th. Raymond James Financial dropped their price target on Devon Energy from $66.00 to $64.00 and set a "strong-buy" rating on the stock in a research report on Thursday, July 16th. Finally, Argus reiterated a "buy" rating and set a $45.85 price objective on shares of Devon Energy in a report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.23. Devon Energy stock down 1.2%. NYSE DVN traded down $0.59 on Friday, reaching $48.20. The company had a trading volume of 4,124,401 shares, compared to its average volume of 13,275,627. The firm has a market capitalization of $53.02 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 1.35 and a beta of 0.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.67 and a current ratio of 0.72. Devon Energy has a 1-year low of $31.47 and a 1-year high of $52.71. The company's fifty day moving average is $44.67 and its 200-day moving average is $45.77. Devon Energy (NYSE:DVN - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.17. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.The firm had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $6.01 billion. During the same quarter last year, the business posted $0.84 EPS. The company's revenue for the quarter was up 73.1% on a year-over-year basis. On average, research analysts forecast that Devon Energy will post 5.2 earnings per share for the current fiscal year. Financial results analysis Devon Energy announces dividend. The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued 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 dividend yield of 2.7%. Devon Energy's dividend payout ratio (DPR) is presently 30.40%. Discover more NASDAQ stock quotes Company earnings calendar Stock market data Insider activity at Devon Energy. In related news, SVP Andrea Alexander sold 18,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $46.74, for a total value of $841,320.00. Following the sale, the senior vice president directly owned 138,529 shares in the company, valued at $6,474,845.46. This trade represents a 11.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.58% of the stock is currently owned by company insiders. Institutional investors weigh in on Devon Energy. Several institutional investors have recently bought and sold shares of the company. LSV Asset Management boosted its holdings in Devon Energy by 79.6% in the fourth quarter. LSV Asset Management now owns 799,587 shares of the energy company's stock valued at $29,289,000 after acquiring an additional 354,500 shares during the last quarter. Kimmeridge Energy Management Company LLC raised its holdings in Devon Energy by 56.5% during the 4th quarter. Kimmeridge Energy Management Company LLC now owns 8,850,790 shares of the energy company's stock worth $324,204,000 after purchasing an additional 3,195,862 shares during the last quarter. Morningstar Investment Management LLC acquired a new position in shares of Devon Energy in the 4th quarter worth approximately $2,089,000. Illinois Municipal Retirement Fund boosted its stake in shares of Devon Energy by 15.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 194,773 shares of the energy company's stock valued at $9,801,000 after purchasing an additional 26,209 shares during the last quarter. Finally, NewEdge Wealth LLC increased its position in shares of Devon Energy by 20.0% during the first quarter. NewEdge Wealth LLC now owns 479,681 shares of the energy company's stock worth $24,138,000 after buying an additional 80,000 shares during the period. Institutional investors own 69.72% of the company's stock. Stock analyst recommendations Discover more Read Political News Political news subscription 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. Receive News & Ratings for Devon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Devon Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Us: integrating the Delaware Basin: Devon Energy reaches Final Investment Decision on Solitude Pipeline System. By Energypedia News - August 24, 2026 - 4 min Investment extends Devon's integrated Delaware Basin model - capturing value from the wellhead to the demand center Devon Energy Corporation has announced a positive Final Investment Decision ('FID') on the Solitude Pipeline System, a WhiteWater-led joint venture that will construct two 48-inch natural gas pipelines connecting the Permian Basin to Katy, TX. Solitude is the latest in a deliberate series of steps Devon has taken to integrate and consolidate the infrastructure supporting its Delaware Basin position. Its integrated business model is built to convert basin-level constraints into durable margin and to capture value across the entire value chain, from the wellhead to the demand center. The Solitude Pipeline System is designed for a phased build-out of approximately 2.25 Bcf per day entering service in the second half of 2029, followed by a similarly sized second phase in 2030 and the ability to expand further to meet shipper demand. Construction and in-service timing remain subject to customary regulatory approvals. Devon has secured firm transportation capacity and will hold a 25% equity interest in the joint venture, alongside WhiteWater (50%), MPLX (10%), Diamondback Energy (7.5%) and Western Midstream Partners (7.5%). UNLOCKING VALUE IN PERMIAN NATURAL GAS Permian producers have long absorbed volatile and periodically negative pricing at the Waha hub, where takeaway capacity has repeatedly failed to keep pace with associated gas growth. Firm, long-haul capacity to the Gulf Coast changes that equation: it moves the majority of Devon's Delaware gas out of Waha and into markets that will be tied to expanding LNG export and power generation, where North American liquefaction capacity is expected to more than double by the end of the decade. Devon has already initiated the process of securing international LNG-linked pricing, including a 100 MMcf per day agreement beginning in 2027 and an additional 150 MMcf per day in 2028. Solitude gives Devon the scale and duration to access this growing LNG demand, presenting an opportunity to enhance the value of its natural gas portfolio. 'Solitude is not a standalone investment; it is the next step in an integrated model we have been building for years,' said Clay Gaspar, president and CEO. 'Megaproject has taken the hardest constraints in the Delaware Basin: water, processing, compression, takeaway and power, and have de-risked the physical constraints turning each one into a source of value rather than a tax on its returns. The company's integrated model continues to lower its cost of supply - driving free cash flow higher and deepening its peer-leading Delaware inventory. Its advantaged position will continue to enhance the company's Delaware return profile and will enable Devon to achieve differentiated resource capture.' AN INTEGRATED DELAWARE BASIN: VALUE CREATION FROM WELLHEAD TO MARKET Devon holds one of the largest operated positions in the economic core of the Delaware Basin, the asset that anchors more than half of the company's production and free cash flow. Over the past several years, Devon has systematically taken ownership or long-term contractual control of the infrastructure that position depends on for optimal and profitable development: 'Owning and controlling this infrastructure allows for improved commercial terms that lower operating costs, earlier visibility into opportunities, and direct exposure to the demand centers that will set the price of our products for the next decade,' Gaspar continued. 'Our track record, from WaterBridge to Cotton Draw to Matterhorn Express, reflects the discipline we bring to these decisions. We intend to keep applying that discipline, and this integrated model, to create long-term value for our shareholders for years to come.' Kirkland & Ellis LLP served as legal counsel to Devon Energy Corporation in connection with the transaction. Original announcement link Recent Comments

Devon Energy (NYSE:DVN) upgraded at Wall Street Zen. August 15, 2026 Key points. * Wall Street Zen upgraded Devon Energy from "hold" to "buy." Other analysts remain broadly positive, with the stock carrying a consensus "Moderate Buy" rating and an average price target of $59.60. * Devon Energy reported quarterly adjusted earnings of $1.57 per share, exceeding the $1.40 consensus estimate, while revenue rose 73.1% year over year to $7.42 billion. * Shares opened at $45.83, and institutional investors own approximately 69.72% of the company; an insider separately sold 18,000 shares valued at $841,320. * Five stocks to consider instead of Devon Energy. Devon Energy (NYSE:DVN - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday. Other equities research analysts have also issued research reports about the stock. Zacks Research lowered shares of Devon Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 27th. Truist Financial lifted their target price on shares of Devon Energy from $61.00 to $65.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Mizuho boosted their target price on shares of Devon Energy from $62.00 to $68.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 27th. Citigroup upped their price target on shares of Devon Energy from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday, May 20th. Finally, Evercore raised shares of Devon Energy from an "in-line" rating to an "outperform" rating and set a $54.00 price target on the stock in a research note on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $59.60. Devon Energy stock up 3.2%. Shares of DVN opened at $45.83 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.24. Devon Energy has a 12 month low of $31.47 and a 12 month high of $52.71. The stock's 50 day moving average is $43.40 and its two-hundred day moving average is $45.14. The firm has a market cap of $50.41 billion, a P/E ratio of 10.89 and a beta of 0.38. Discover more EV market analysis Stock market holidays Space stocks report Devon Energy (NYSE:DVN - Get Free Report) last announced its earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the prior year, the company posted $0.84 EPS. The business's quarterly revenue was up 73.1% on a year-over-year basis. Analysts predict that Devon Energy will post 4.99 earnings per share for the current fiscal year. Insider activity at Devon Energy. In other news, SVP Andrea Alexander sold 18,000 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $46.74, for a total value of $841,320.00. Following the completion of the sale, the senior vice president directly owned 138,529 shares in the company, valued at $6,474,845.46. This represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.58% of the stock is owned by company insiders. Institutional trading of Devon Energy. A number of hedge funds have recently bought and sold shares of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Devon Energy in the fourth quarter valued at approximately $25,000. JFS Wealth Advisors LLC grew its holdings in Devon Energy by 56.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company's stock valued at $28,000 after buying an additional 245 shares in the last quarter. MV Capital Management Inc. purchased a new stake in Devon Energy in the 4th quarter valued at $29,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Devon Energy in the 2nd quarter worth $29,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Devon Energy in the 4th quarter worth $29,000. Institutional investors and hedge funds own 69.72% of the company's stock. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Devon Energy, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Devon Energy wasn't on the list. While Devon Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. 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