Devon Energy falls as crude prices pull back and an analyst cuts its price target

Devon Energy Corporation (DVN) is down 4.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a broad pullback in oil prices tied to shifting Middle East headlines, which tends to pressure U.S. E&P stocks quickly. Separately, an analyst price-target cut may have added incremental selling pressure, even without new company-specific operating news.

Details:

Oil prices eased as markets priced in rising hopes for renewed U.S.-Iran talks, with Brent crude dropping sharply on the day (a common headwind for upstream producers’ cash-flow expectations).

Susquehanna lowered its price target on Devon Energy to $41 from $52 while maintaining a Positive rating, citing a lower oil-price outlook and additional supply returning as OPEC+ unwinds voluntary cuts.

Devon recently reiterated its near-term cadence for updates by scheduling its first-quarter 2026 earnings release for May 5, 2026, which may have left the stock trading primarily on macro and analyst-note flows in the interim.

Sources:

Associated Press, Devon Energy (Investor Relations press release), TipRanks (TheFly)

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$DVN Hedge Fund Activity

We have seen 500 institutional investors add shares of $DVN stock to their portfolio, and 534 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 15,615,049 shares (-78.6%) from their portfolio in Q4 2025, for an estimated $571,979,244
PANAGORA ASSET MANAGEMENT INC added 3,600,731 shares (+42376.5%) to their portfolio in Q4 2025, for an estimated $131,894,776
KIMMERIDGE ENERGY MANAGEMENT COMPANY, LLC added 3,195,862 shares (+56.5%) to their portfolio in Q4 2025, for an estimated $117,064,425
AQR CAPITAL MANAGEMENT LLC removed 2,663,483 shares (-32.4%) from their portfolio in Q4 2025, for an estimated $97,563,382
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 2,314,843 shares (+608.8%) to their portfolio in Q4 2025, for an estimated $84,792,699
MILLENNIUM MANAGEMENT LLC removed 2,299,052 shares (-69.5%) from their portfolio in Q4 2025, for an estimated $84,214,274
VICTORY CAPITAL MANAGEMENT INC added 2,071,021 shares (+17.5%) to their portfolio in Q4 2025, for an estimated $75,861,499

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$DVN Congressional Stock Trading

Members of Congress have traded $DVN stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $DVN stock by members of Congress over the last 6 months:

REPRESENTATIVE JULIA LETLOW purchased up to $15,000 on 12/08.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$DVN Analyst Ratings

Wall Street analysts have issued reports on $DVN in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Mizuho issued a "Outperform" rating on 12/12/2025
UBS issued a "Buy" rating on 12/12/2025
Piper Sandler issued a "Overweight" rating on 11/18/2025
Wells Fargo issued a "Overweight" rating on 10/17/2025

To track analyst ratings and price targets for $DVN, check out Quiver Quantitative's $DVN forecast page.

$DVN Price Targets

Multiple analysts have issued price targets for $DVN recently. We have seen 14 analysts offer price targets for $DVN in the last 6 months, with a median target of $53.0.

Here are some recent targets:

Scott Gruber from Citigroup set a target price of $60.0 on 03/30/2026
Devin McDermott from Morgan Stanley set a target price of $59.0 on 03/27/2026
Gabe Daoud from Truist Securities set a target price of $63.0 on 03/24/2026
Nitin Kumar from Mizuho set a target price of $62.0 on 03/17/2026
Robert Hodges from TD Cowen set a target price of $50.0 on 03/17/2026
Betty Jiang from Barclays set a target price of $54.0 on 03/16/2026
Mark Lear from Piper Sandler set a target price of $67.0 on 03/12/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.