Devon Energy rises as oil prices rebound, lifting U.S. E&P stocks

Devon Energy (DVN) is up 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: DVN appears to be moving largely with the broader oil-and-gas group after crude prices jumped, improving near-term cash flow expectations for U.S. shale producers. Ongoing investor focus on Devon’s shareholder returns and the pending Coterra tie-up may also be amplifying sensitivity to oil-price moves.

Details:

Oil prices rose sharply in the latest session, with Brent rebounding to around the low-$100s per barrel range after recent volatility tied to escalating U.S.-Iran hostilities.

A higher crude tape typically lifts U.S. exploration-and-production equities like Devon because realized pricing feeds directly into revenue and free cash flow.

Devon recently updated investors with its fourth-quarter and full-year 2025 results and reiterated its quarterly fixed dividend framework, keeping capital returns in focus.

Devon and Coterra have an all-stock merger agreement in place, a strategic backdrop that can increase attention on scale, synergies, and commodity leverage.

Sources:

Associated Press, Devon Energy Investor Relations, Axios

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

$DVN Hedge Fund Activity

We have seen 497 institutional investors add shares of $DVN stock to their portfolio, and 650 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 7 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
Morgan Stanley issued a "Overweight" rating on 10/14/2025
Roth Capital issued a "Buy" rating on 10/14/2025
Scotiabank issued a "Sector Outperform" rating on 10/09/2025

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 $48.0.

Here are some recent targets:

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
Josh Silverstein from UBS set a target price of $55.0 on 03/05/2026
Paul Cheng from Scotiabank set a target price of $41.0 on 02/23/2026
Biju Perincheril from Susquehanna set a target price of $52.0 on 02/20/2026

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.