<div id="readability-page-1"><p>Assenagon Asset Management S.A. lowered its holdings in  Devon Energy Corporation (NYSE:DVN - Free Report) by 96.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,206 shares of the energy company's stock after selling 361,724 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Devon Energy were worth $498,000 at the end of the most recent quarter.</p><ul><li>3 Dividend Stocks Offering Higher Yields and Bullish Forecasts</li></ul><p>Other institutional investors have also recently bought and sold shares of the company. TD Asset Management Inc raised its stake in shares of  Devon Energy by 6.4% during the 2nd quarter. TD Asset Management Inc now owns 267,322 shares of the energy company's stock worth $8,504,000 after purchasing an additional 16,106 shares during the period.  Stephens Inc. AR increased its holdings in  Devon Energy by 90.4% during the second quarter. Stephens Inc. AR now owns 72,546 shares of the energy company's stock worth $2,308,000 after buying an additional 34,448 shares during the last quarter.  Natixis boosted its stake in  Devon Energy by 101.4% in the second quarter. Natixis now owns 73,902 shares of the energy company's stock valued at $2,351,000 after acquiring an additional 37,211 shares during the last quarter.  Scott &amp; Selber Inc. bought a new position in shares of  Devon Energy during the 2nd quarter valued at approximately $2,455,000.  Finally, Kwmg LLC grew its position in shares of  Devon Energy by 10.2% during the 2nd quarter. Kwmg LLC now owns 147,671 shares of the energy company's stock valued at $4,697,000 after acquiring an additional 13,616 shares during the period. Institutional investors and hedge funds own  69.72% of the company's stock. </p><h2>Devon Energy Stock Down 0.2%</h2><p>Shares of DVN opened at $36.28 on Friday. The firm has a market cap of $22.76 billion, a P/E ratio of 8.54, a P/E/G ratio of 2.75 and a beta of 0.62. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.87. Devon Energy Corporation has a 1 year low of $25.89 and a 1 year high of $38.88. The stock has a 50 day simple moving average of $35.11 and a two-hundred day simple moving average of $34.34. </p><ul><li>Energy Sector Shines in 2025: 2 Stocks Leading the Charge</li></ul><p>Devon Energy (NYSE:DVN - Get Free Report) last released its earnings results on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.93 by $0.11. The company had revenue of $0.00 million for the quarter, compared to analyst estimates of $4.10 billion. Devon Energy had a net margin of 15.56% and a return on equity of 18.14%. During the same quarter last year, the firm earned $1.10 EPS.  On average, analysts forecast that  Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year. </p><h2>Devon Energy Dividend Announcement</h2><p>The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.96 annualized dividend and a dividend yield of 2.6%. Devon Energy's dividend payout ratio (DPR) is presently 22.59%. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>3 Dividend Stocks at Bargain Levels to Defend Your Portfolio</li></ul><p>DVN has been the topic of several research analyst reports. Roth Capital assumed coverage on Devon Energy in a research note on Monday, October 13th. They issued a &#34;buy&#34; rating and a $42.00 price objective on the stock. Capital One Financial lowered their target price on Devon Energy from $52.00 to $51.00 and set an &#34;overweight&#34; rating on the stock in a research note on Tuesday, November 11th. JPMorgan Chase &amp; Co. upgraded Devon Energy from a &#34;neutral&#34; rating to an &#34;overweight&#34; rating and cut their price target for the stock from $49.00 to $44.00 in a research note on Monday, December 8th. Susquehanna lifted their price objective on Devon Energy from $40.00 to $42.00 and gave the stock a &#34;positive&#34; rating in a report on Wednesday, November 12th. Finally, Johnson Rice lowered their price objective on Devon Energy from $70.00 to $62.00 and set a &#34;buy&#34; rating on the stock in a research note on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued  a Hold rating and one  has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $44.86.</p><p><b>Read Our Latest Research Report on Devon Energy</b></p><h2>About Devon Energy</h2> (Free Report)<p>Devon Energy Corporation <span>NYSE: DVN<span></span></span> is an independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of hydrocarbons, including crude oil, natural gas liquids (NGLs) and natural gas. Devon operates as an upstream energy company that acquires, evaluates and develops onshore resource plays using a combination of drilling, completion and production optimization techniques.  </p><p>Core business activities include identifying and developing energy reserves, operating well programs and managing reservoir performance to generate production and cash flow.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Devon Energy</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>Turn your &#34;dead money&#34; into $306+ monthly (starting this month)</li><li>Washington prepares for war</li><li>Strange Crystal Metal Outperforms Silicon Up to 100X</li><li>33,000% boom from weird new “AI Fuel?”</li></ul><p><strong>Want to see what other hedge funds are holding DVN?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Devon Energy Corporation (NYSE:DVN - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPURWTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPURWTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Devon Energy Right Now?</h2><p>Before you consider Devon Energy, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Devon Energy wasn't on the list.</p><p>While Devon Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Assenagon Asset Management S.A. reduced its holdings in Devon Energy Corporation by 96.2% in the 3rd quarter, selling 361,724 shares. The firm's remaining 14,206 shares are valued at $498,000. Other institutional investors also adjusted their positions in Devon Energy. The stock opened at $36.28 on Friday with a market cap of $22.76 billion. Analysts have mixed ratings on the stock, with some lowering their price targets.</p>

Assenagon Asset Management S.A. Sells 361,724 Shares of Devon Energy Corporation $DVN