IFP Advisors Inc Has $653,000 Stock Holdings in Devon Energy Corporation $DVN

14 Oct 2025, 04:33 by Doug Wharley · The Cerbat Gem

IFP Advisors Inc boosted its holdings in shares of Devon Energy Corporation (NYSE:DVN – Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,522 shares of the energy company’s stock after buying an additional 466 shares during the period. IFP Advisors Inc’s holdings in Devon Energy were worth $653,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DVN. GAMMA Investing LLC raised its holdings in Devon Energy by 64.9% during the first quarter. GAMMA Investing LLC now owns 19,428 shares of the energy company’s stock worth $727,000 after buying an additional 7,648 shares during the last quarter. Fifth Third Bancorp raised its holdings in Devon Energy by 28.5% during the first quarter. Fifth Third Bancorp now owns 35,510 shares of the energy company’s stock worth $1,328,000 after buying an additional 7,873 shares during the last quarter. Ritholtz Wealth Management raised its holdings in Devon Energy by 96.9% during the first quarter. Ritholtz Wealth Management now owns 56,980 shares of the energy company’s stock worth $2,131,000 after buying an additional 28,046 shares during the last quarter. Sound Income Strategies LLC raised its holdings in Devon Energy by 100.1% during the first quarter. Sound Income Strategies LLC now owns 1,911 shares of the energy company’s stock worth $71,000 after buying an additional 956 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Devon Energy by 11.8% during the first quarter. Exchange Traded Concepts LLC now owns 6,952 shares of the energy company’s stock worth $260,000 after buying an additional 736 shares during the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Analyst Upgrades and Downgrades

DVN has been the topic of several research reports. Barclays lowered their price objective on shares of Devon Energy from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Mizuho lowered their target price on shares of Devon Energy from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Wolfe Research increased their target price on shares of Devon Energy from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, June 23rd. Royal Bank Of Canada set a $42.00 target price on Devon Energy and gave the stock a “sector perform” rating in a research note on Friday. Finally, Piper Sandler cut their target price on Devon Energy from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, August 14th. Seventeen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, Devon Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.75.

View Our Latest Stock Analysis on DVN

Devon Energy Trading Up 2.2%

Shares of DVN opened at $33.22 on Tuesday. The firm has a market cap of $21.08 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 1.89 and a beta of 1.03. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.22. Devon Energy Corporation has a fifty-two week low of $25.89 and a fifty-two week high of $42.92. The firm has a 50 day moving average price of $34.55 and a 200-day moving average price of $33.02.

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

Devon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 2.9%. The ex-dividend date was Monday, September 15th. Devon Energy’s payout ratio is presently 21.52%.

Insider Buying and Selling at Devon Energy

In other news, Director Kelt Kindick sold 7,685 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $33.46, for a total value of $257,140.10. Following the completion of the sale, the director directly owned 31,801 shares in the company, valued at approximately $1,064,061.46. The trade was a 19.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

About Devon Energy

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