Devon Energy (NYSE:DVN) Stock Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Devon Energy Co. NYSE: DVN. In a filing disclosed on February 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Devon Energy stock on February 12th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 2/12/2025.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 2/12/2025.
• Purchased $1,001 - $15,000 in shares of Norfolk Southern NYSE: NSC on 2/12/2025.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 2/12/2025.
• Purchased $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 2/12/2025.
• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 2/12/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 2/12/2025.
• Purchased $1,001 - $15,000 in shares of Palantir Technologies NASDAQ: PLTR on 2/12/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/12/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 1/21/2025.

Devon Energy Trading Down 2.8 %

NYSE DVN traded down $1.07 during trading hours on Friday, hitting $37.49. 11,529,242 shares of the company's stock were exchanged, compared to its average volume of 9,796,612. The business's 50 day moving average is $34.47 and its 200-day moving average is $38.37. Devon Energy Co. has a 12-month low of $30.39 and a 12-month high of $55.09. The firm has a market capitalization of $24.62 billion, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 1.17 and a beta of 1.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04.

Devon Energy (NYSE:DVN - Get Free Report) last released its earnings results on Tuesday, February 18th. The energy company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.16. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.25 billion. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. As a group, analysts anticipate that Devon Energy Co. will post 4.85 EPS for the current fiscal year.

Devon Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This is an increase from Devon Energy's previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.56%. Devon Energy's dividend payout ratio is 21.05%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com upgraded Devon Energy from a "sell" rating to a "hold" rating in a report on Friday, January 3rd. Piper Sandler raised their price objective on Devon Energy from $53.00 to $54.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Raymond James increased their target price on Devon Energy from $53.00 to $54.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Susquehanna increased their target price on Devon Energy from $50.00 to $52.00 and gave the company a "positive" rating in a research note on Thursday. Finally, Mizuho lowered their target price on Devon Energy from $51.00 to $47.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $48.83.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DVN. EnCap Energy Capital Fund XI L.P. bought a new position in Devon Energy during the 3rd quarter worth approximately $461,857,000. EnCap Partners GP LLC bought a new position in Devon Energy during the 3rd quarter worth approximately $408,653,000. EnCap Energy Capital Fund X L.P. bought a new stake in shares of Devon Energy in the 3rd quarter worth approximately $230,928,000. Vanguard Group Inc. lifted its holdings in shares of Devon Energy by 7.3% in the 4th quarter. Vanguard Group Inc. now owns 80,682,170 shares of the energy company's stock worth $2,640,727,000 after purchasing an additional 5,465,692 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Devon Energy during the 4th quarter valued at approximately $154,170,000. Institutional investors own 69.72% of the company's stock.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2026 election.

About Devon Energy

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.