<div id="readability-page-1"><p>iA Global Asset Management Inc. acquired a new stake in shares of  Devon Energy Corporation (NYSE:DVN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 92,919 shares of the energy company's stock, valued at approximately $3,404,000.</p><ul><li>Devon Energy Bets on Scale With Coterra Acquisition</li></ul><p>A number of other institutional investors have also added to or reduced their stakes in the business. Security National Bank grew its holdings in shares of  Devon Energy by 94.5% during the fourth quarter. Security National Bank now owns 16,311 shares of the energy company's stock worth $597,000 after purchasing an additional 7,924 shares in the last quarter.  AlphaCore Capital LLC purchased a new stake in  Devon Energy in the fourth quarter valued at approximately $505,000.  DNB Asset Management AS lifted its position in  Devon Energy by 0.4% during the fourth quarter. DNB Asset Management AS now owns 122,555 shares of the energy company's stock valued at $4,489,000 after purchasing an additional 494 shares during the last quarter.  Convergence Investment Partners LLC purchased a new position in  Devon Energy in the 4th quarter worth approximately $874,000.  Finally, Northwestern Mutual Wealth Management Co. grew its stake in  Devon Energy by 413.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 139,291 shares of the energy company's stock worth $5,102,000 after buying an additional 112,166 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several analysts have recently weighed in on the stock. Argus raised their price objective on shares of Devon Energy from $41.00 to $51.00 and gave the company a &#34;buy&#34; rating in a research report on Thursday, February 26th. Wells Fargo &amp; Company  reiterated an &#34;overweight&#34; rating and issued a $66.00 target price on shares of Devon Energy in a research report on Monday, April 20th. Piper Sandler raised their price target on Devon Energy from $59.00 to $67.00 and gave the company an &#34;overweight&#34; rating in a research report on Thursday, March 12th. Sanford C. Bernstein upped their target price on Devon Energy from $42.00 to $59.00 and gave the stock an &#34;outperform&#34; rating in a research note on Monday, April 13th. Finally, UBS Group reduced their price target on shares of Devon Energy from $61.00 to $60.00 and set a &#34;buy&#34; rating on the stock in a research report on Tuesday, April 14th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned  a Buy rating and six have assigned  a Hold rating to the company. According to data from MarketBeat.com, the company  has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $56.41.</p><ul><li>3 Dividend Stocks Offering Higher Yields and Bullish Forecasts</li></ul><p><b>Get Our Latest Report on DVN</b></p><h2>Devon Energy Stock Up 0.1%</h2><p>Shares of NYSE:DVN opened at $49.55 on Monday. The stock has a market capitalization of $30.79 billion, a P/E ratio of 13.80 and a beta of 0.43. The stock's 50-day moving average price is $47.75 and its 200-day moving average price is $41.44. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. Devon Energy Corporation has a 12-month low of $30.24 and a 12-month high of $52.71. </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 Tuesday, May 5th. The energy company reported $1.04 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.02). Devon Energy had a net margin of 13.71% and a return on equity of 15.22%. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the firm posted $0.82 EPS. The company's revenue was down 14.5% on a year-over-year basis.  On average, equities analysts anticipate that  Devon Energy Corporation will post 5.25 earnings per share for the current year. </p><h2>Devon Energy Increases Dividend</h2><p>The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Devon Energy's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, June 15th. Devon Energy's payout ratio is currently 26.74%. </p><h2>Insider Buying and Selling</h2><p>In related news, EVP Jeffrey L. Ritenour sold 70,029 shares of the company's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $46.66, for a total transaction of $3,267,553.14. Following the completion of the sale, the executive vice president directly owned 428,452 shares in the company, valued at $19,991,570.32. This represents a 14.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Adam M. Vela sold 24,342 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $47.21, for a total transaction of $1,149,185.82. Following the sale, the senior vice president directly owned 130,540 shares of the company's stock, valued at $6,162,793.40. The trade was a 15.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own  0.73% of the company's stock. </p><h2>Devon Energy Profile</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>Featured Stories</h2><ul><li>Five stocks we like better than Devon Energy</li><li>Robinhood, SoFi, and Webull Are Telling Very Different Stories</li><li>As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In</li><li>Target the Red-Hot Spin-Off and Merger Space With These ETFs</li><li>Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes</li></ul><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>iA Global Asset Management Inc. acquired 92,919 shares of Devon Energy Corporation (NYSE:DVN) valued at approximately $3.4 million in the 4th quarter. Other institutional investors also increased their stakes. Analysts have raised price targets for Devon Energy, with a consensus rating of 'Moderate Buy' and an average target price of $56.41. The company reported earnings of $1.04 per share, missing estimates, and announced a quarterly dividend increase to $0.32 per share.</p>

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WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

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92,919 Shares in Devon Energy Corporation $DVN Bought by iA Global Asset Management Inc.