Aptus Capital Advisors Boosts Stake in Devon Energy

Investment firm increases holdings in energy company by 7.1% in third quarter

Mar. 7, 2026 at 8:23am

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Aptus Capital Advisors LLC grew its stake in Devon Energy Corporation (NYSE:DVN) by 7.1% in the third quarter, according to a recent SEC filing. The investment firm now owns 397,340 shares of the energy company's stock, worth approximately $13.9 million.

Why it matters

This investment by Aptus Capital Advisors reflects growing institutional interest in Devon Energy, a major independent oil and gas exploration and production company. The increase in Aptus' stake suggests the firm sees potential upside in Devon's stock as the energy sector continues to recover.

The details

According to the filing, Aptus Capital Advisors purchased an additional 26,179 shares of Devon Energy during the third quarter. This brings the firm's total holdings in the company to 397,340 shares, or approximately 0.06% of Devon's outstanding stock. The purchase was part of Aptus' broader strategy of investing in energy companies it believes are well-positioned for growth.

  • Aptus Capital Advisors increased its stake in Devon Energy during the third quarter of 2026.

The players

Aptus Capital Advisors LLC

An investment management firm that focuses on alternative investment strategies.

Devon Energy Corporation

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

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The takeaway

Aptus Capital Advisors' increased stake in Devon Energy suggests the firm sees long-term value in the energy company as the industry continues to recover. This investment highlights the growing institutional interest in Devon and the broader optimism around the energy sector's prospects.