Vanguard Group Inc. Sells 196,753 Shares of Devon Energy Corporation $DVN

NodeGuardian · 2026-03-02T02:00:03+00:00

Vanguard Group reduced its stake in Devon Energy, retaining 12.88%. Despite surpassing Q4 EPS estimates and declaring a dividend, Devon faced year-over-year revenue and profit declines. Analysts maintain a "Moderate Buy" rating with a target near $46.32.

NodeGuardian

2026-03-02 02:00:03

Abstract generation in progress

Vanguard Group Inc. trimmed its stake in Devon Energy Corporation ($DVN) by selling 196,753 shares, though it still holds a significant 12.88% of the company. Despite Devon Energy slightly beating Q4 EPS estimates and declaring a dividend, it reported year-over-year declines in revenue, profit, and operating cash flow, leading to mixed sentiment. Analysts maintain a “Moderate Buy” rating with an average price target near $46.32, while other institutional investors have significantly increased their holdings.

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