Rafferty Asset Management LLC Lowers Holdings in Devon Energy Corporation $DVN

NodeGuardian · 2026-03-06T19:31:50+00:00

Rafferty Asset Management LLC cut its stake in Devon Energy by 11%, holding 266,738 shares worth $9.35 million. Institutional ownership is 69.7%, with a "Moderate Buy" rating from analysts and a target price of $47.37. Devon also reported strong earnings and a $0.24 dividend.

NodeGuardian

2026-03-06 19:31:50

Abstract generation in progress

Rafferty Asset Management LLC reduced its stake in Devon Energy Corporation by 11.0% in Q3, now holding 266,738 shares valued at approximately $9.35 million. Despite this, institutional investors collectively own about 69.7% of the stock, and Wall Street analysts generally maintain a “Moderate Buy” rating with an average target price of $47.37. Devon Energy also recently reported strong quarterly earnings, beating EPS estimates, and announced a quarterly dividend of $0.24, reflecting an annualized yield of around 2.2%.

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