Deep-pocketed investors have shown a bearish sentiment towards Devon Energy (NYSE:DVN), with options trading data from Benzinga indicating a significant move. The data reveals a 70% bearish and 30% bullish split among investors, with notable options activities including 6 puts and 4 calls. The trading volumes and open interest suggest a focus on a price band between $44.0 and $52.5 for DVN. The company, a major player in North American exploration and production, has seen its stock price increase by 0.72% to $49.14, despite indications of being potentially overbought. Analysts have set an average target price of $58.33 for DVN, with ratings ranging from Buy to Sector Perform.