Gilliland Jeter Wealth Management LLC Has $688,000 Position in Devon Energy Corporation $DVN

10 Oct 2025, 08:16 by Renee Jackson · The Cerbat Gem

Gilliland Jeter Wealth Management LLC lowered its holdings in shares of Devon Energy Corporation (NYSE:DVN – Free Report) by 14.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,644 shares of the energy company’s stock after selling 3,513 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in Devon Energy were worth $688,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DVN. Opal Wealth Advisors LLC acquired a new stake in Devon Energy during the second quarter worth $25,000. Financial Gravity Asset Management Inc. acquired a new stake in Devon Energy during the first quarter worth $26,000. Banque Cantonale Vaudoise acquired a new stake in Devon Energy during the first quarter worth $26,000. Trust Co. of Vermont boosted its stake in Devon Energy by 241.3% during the second quarter. Trust Co. of Vermont now owns 942 shares of the energy company’s stock worth $30,000 after buying an additional 666 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in Devon Energy by 94.6% during the first quarter. Rakuten Securities Inc. now owns 833 shares of the energy company’s stock worth $31,000 after buying an additional 405 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DVN. Piper Sandler reduced their target price on shares of Devon Energy from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, August 14th. BMO Capital Markets boosted their target price on shares of Devon Energy from $48.00 to $51.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. Scotiabank restated an “outperform” rating on shares of Devon Energy in a research note on Thursday. UBS Group boosted their target price on shares of Devon Energy from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Finally, William Blair began coverage on shares of Devon Energy in a research note on Monday, August 25th. They issued an “outperform” rating on the stock. Sixteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.74.

Get Our Latest Stock Report on DVN

Insider Activity

In other Devon Energy news, Director Kelt Kindick sold 7,685 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $33.46, for a total transaction of $257,140.10. Following the completion of the sale, the director directly owned 31,801 shares of the company’s stock, valued at approximately $1,064,061.46. The trade was a 19.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by corporate insiders.

Devon Energy Stock Performance

Devon Energy stock opened at $34.37 on Friday. The stock has a 50-day simple moving average of $34.52 and a 200 day simple moving average of $33.14. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.55. Devon Energy Corporation has a 12-month low of $25.89 and a 12-month high of $43.29. The stock has a market capitalization of $21.82 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 2.04 and a beta of 1.03.

Devon Energy (NYSE:DVN – Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The energy company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. Devon Energy had a return on equity of 18.59% and a net margin of 16.57%.The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.01 billion. During the same period in the previous year, the business posted $1.41 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, September 15th. Devon Energy’s payout ratio is currently 21.52%.

Devon Energy Company Profile

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