Devon Energy (DVN) Stock Price, News & Analysis

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 4 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DVN shares.
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17 Wall Street research analysts have issued 1 year price objectives for Devon Energy's shares. Their DVN share price targets range from $48.00 to $67.00. On average, they predict the company's share price to reach $57.89 in the next year. This suggests a possible upside of 9.9% from the stock's current price.
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Devon Energy's stock was trading at $45.30 at the start of the year. Since then, DVN stock has increased by 16.3% and is now trading at $52.68.
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Devon Energy saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 15,350,000 shares, a decrease of 7.3% from the March 15th total of 16,560,000 shares. Based on an average trading volume of 8,130,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.4% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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Devon Energy will be holding an earnings conference call on Thursday, May 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Devon Energy Co. (NYSE:DVN) announced its quarterly earnings results on Tuesday, February, 27th. The energy company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.02. The energy company earned $4.15 billion during the quarter, compared to the consensus estimate of $3.88 billion. Devon Energy had a trailing twelve-month return on equity of 31.72% and a net margin of 24.56%. The company's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business earned $1.66 earnings per share.
Read the conference call transcript.

Devon Energy declared a quarterly dividend on Tuesday, February 27th. Stockholders of record on Friday, March 15th will be given a dividend of $0.44 per share on Thursday, March 28th. This represents a $1.76 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for DVN.

Devon Energy (NYSE:DVN) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.65%. The dividend payout ratio is 15.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DVN will have a dividend payout ratio of 15.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DVN.

ETFs with the largest weight of Devon Energy (NYSE:DVN) stock in their portfolio include iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Invesco S&P 500 Equal Weight Energy ETF (RYE), Invesco S&P 500 Equal Weight Energy ETF (RSPG), First Trust Nasdaq Oil & Gas ETF (FTXN), Alpha Dog ETF (RUFF), Pacer US Cash Cows Growth ETF (BUL), BTD Capital Fund (DIP) and First Trust Natural Gas ETF (FCG).

Devon Energy declared that its Board of Directors has approved a share repurchase program on Monday, May 2nd 2022, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 4.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its stock is undervalued.

221 employees have rated Devon Energy Chief Executive Officer John Richels on Glassdoor.com. John Richels has an approval rating of 34% among the company's employees. This puts John Richels in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Devon Energy investors own include Bank of America (BAC), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), Pfizer (PFE), Exxon Mobil (XOM), Chevron (CVX), ConocoPhillips (COP), AT&T (T) and General Electric (GE).

Devon Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Fort Pitt Capital Group LLC (0.18%), Portman Square Capital LLP (0.00%), Nepsis Inc. (0.07%), Guinness Asset Management LTD (0.04%), Global Assets Advisory LLC (0.03%) and Parkside Investments LLC (0.03%). Insiders that own company stock include Ann G Fox, Clay M Gaspar, Dennis C Cameron, Jeffrey L Ritenour, Jeremy D Humphers, John E Bethancourt, Kelt Kindick, Richard E Muncrief and Tana K Cashion.
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Shares of DVN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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