American Century Companies Inc. Increases Stake in Devon Energy

Investment firm adds over 130,000 shares of energy company in Q3

Published on Mar. 5, 2026

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American Century Companies Inc. increased its position in Devon Energy Corporation (NYSE:DVN) by 8.0% in the 3rd quarter, according to the company's recent SEC filing. The firm now owns 1,769,414 shares of the energy company's stock, worth approximately $62 million.

Why it matters

This purchase by a major institutional investor signals continued confidence in Devon Energy's outlook, even as some analysts have issued earnings downgrades for the company. The increased stake could help provide support for the stock price.

The details

American Century Companies purchased an additional 131,349 shares of Devon Energy in the third quarter, bringing its total stake to over 1.7 million shares. The investment firm now owns approximately 0.28% of Devon Energy's outstanding shares. This purchase comes as some analysts have recently cut their earnings estimates for the company, citing factors like potential oil price volatility.

  • American Century Companies made the share purchase in the 3rd quarter of 2026.

The players

American Century Companies Inc.

An independent investment management firm headquartered in Kansas City, Missouri that manages over $250 billion in assets.

Devon Energy Corporation

An independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma.

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The takeaway

This purchase by a major institutional investor like American Century Companies suggests that some Wall Street firms remain bullish on Devon Energy's prospects, even as other analysts have grown more cautious. It highlights the differing views on the company's outlook amid an uncertain oil price environment.