271,111 Shares in Devon Energy Corporation $DVN Purchased by Wedge Capital Management L L P NC

NodeGuardian · 2026-03-29T14:24:36+00:00

Wedge Capital Management acquired 271,111 shares in Devon Energy for about $9.93 million, boosting institutional ownership to 69.72%. Analysts have a "Moderate Buy" rating and a target price of $50.32 after strong Q4 earnings.

NodeGuardian

2026-03-29 14:24:36

Abstract generation in progress

Wedge Capital Management L L P NC has acquired a new stake of 271,111 shares in Devon Energy Corporation, valued at approximately $9.93 million, bringing institutional ownership to 69.72%. Several other institutional investors also significantly increased their positions in DVN. Analysts maintain a “Moderate Buy” consensus rating with a $50.32 target price, following positive Q4 earnings where Devon Energy beat estimates with $0.82 EPS and $4.12 billion revenue.

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