Devon Energy
DVN
Market cap $23B

34.99 USD

-0.97

2.70%

At close Dec 6, 4:00 PM EST

After hours

35.09

+0.10

0.29%

1 day

-2.70%

5 days

-7.82%

1 month

-12.57%

3 months

-15.36%

6 months

-25.17%

Year to date

-23.67%

1 year

-19.10%

5 years

51.21%

10 years

-38.18%

About: Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2023, Devon reported net proved reserves of 1.8 billion barrels of oil equivalent. Net production averaged roughly 658,000 barrels of oil equivalent per day in 2023 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

Employees: 1,900

Energy Crude Petroleum & Natural Gas

0

Funds holding %

of 6,794 funds

0

Analysts bullish %

of 17 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

15% more repeat investments, than reductions

Existing positions increased: 474 | Existing positions reduced: 413

2.85% more ownership

Funds ownership: 74.46% [Q2] → 77.31% (+2.85%) [Q3]

8% less call options, than puts

Call options by funds: $782M | Put options by funds: $848M

2% less funds holding

Funds holding: 1,190 [Q2] → 1,162 (-28) [Q3]

7% less funds holding in top 10

Funds holding in top 10: 14 [Q2] → 13 (-1) [Q3]

15% less capital invested

Capital invested by funds: $22.3B [Q2] → $18.9B (-$3.44B) [Q3]

19% less first-time investments, than exits

New positions opened: 116 | Existing positions closed: 144

See Fund Rankings

Research analyst outlook

17 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$43

23%

upside

Avg. target

$50

43%

upside

High target

$62

77%

upside

17 analyst ratings

12 positive

71%

5 neutral

29%

0 negative

0%

Citigroup Scott Gruber 43% 1-year accuracy 15 / 35 met price target	37%upside $48	Buy Maintained	26 Nov 2024
Piper Sandler Mark Lear 45% 1-year accuracy 33 / 73 met price target	63%upside $57	Overweight Maintained	18 Nov 2024
Wells Fargo Roger Read 27% 1-year accuracy 21 / 78 met price target	40%upside $49	Overweight Maintained	7 Nov 2024
Truist Securities Neal Dingmann 61% 1-year accuracy 63 / 104 met price target	23%upside $43	Hold Downgraded	7 Nov 2024
Susquehanna Biju Perincheril 36% 1-year accuracy 21 / 59 met price target	77%upside $62	Positive Maintained	18 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 22 articles about DVN published over the past 30 days

Devon Energy: 'When Will I Be Loved?'

Devon Energy Corporation is trading at low multiples and growing its production. Shale companies are oversold in the current market and are primed for a rebound when a catalyst emerges. Investors looking to scoop up a well covered 15%+ free cash yield should carefully consider if DVN meets their risk profile.

Devon Energy: 'When Will I Be Loved?'

Zacks Investment Research

Will OPEC+ Maintain Oil Production Cuts? Let's Find Out

Despite short-term support, structural challenges could cap long-term crude gains. XOM, DVN and APA are well-positioned to navigate this turbulent landscape.

Will OPEC+ Maintain Oil Production Cuts? Let's Find Out

Zacks Investment Research

Investors Heavily Search Devon Energy Corporation (DVN): Here is What You Need to Know

Devon Energy (DVN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Investors Heavily Search Devon Energy Corporation (DVN): Here is What You Need to Know

The Motley Fool

With Their Needle-Moving Acquisitions Now Closed, These 2 Top Oil Stocks Look Like Great Buys for 2025

A consolidation wave has washed over the oil patch this year. Several oil companies secured needle-moving acquisitions, including ConocoPhillips (COP -2.03%) and Devon Energy (DVN -0.90%).

With Their Needle-Moving Acquisitions Now Closed, These 2 Top Oil Stocks Look Like Great Buys for 2025

The Motley Fool

3 Dividend Stocks Down 8%, 16%, and 37% to Buy in December

The major stock market indexes are hovering around all-time highs, but there are plenty of industries that have had their fair share of struggles so far this year.

3 Dividend Stocks Down 8%, 16%, and 37% to Buy in December

Drilling Deep, Cashing Big - Devon Energy's Significant Upside Potential

Devon Energy is undervalued, trading at just 3.5x operating cash flow, with a fair value estimate of $82 per share, offering significant upside potential. Despite recent underperformance, DVN's fundamentals are strong, with record-breaking production and efficiency gains, particularly in the Delaware Basin. The company plans to return up to 70% of free cash flow to shareholders through dividends and buybacks, promising substantial returns at higher oil prices.

Drilling Deep, Cashing Big - Devon Energy's Significant Upside Potential

CNBC Television

Committee Moves: Devon Energy, Transdigm and Reddit

The Investment Committee discuss their latest portfolio moves. Bryn Talkington sells Devon Energy, Steve Weiss sells Transdigm, and Josh Brown talks about the new street high target for Reddit.

Committee Moves: Devon Energy, Transdigm and Reddit

Zacks Investment Research

Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock

Devon Energy (DVN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock

Zacks Investment Research

Oil Price Ticks Lower on Inventory Gain, China Weakness

With oil unable to reclaim the $70 per barrel, investors interested in the sector could benefit from focusing on resilient stocks like EOG, XOM and DVN.

Oil Price Ticks Lower on Inventory Gain, China Weakness

The Motley Fool

1 Magnificent Oil Stock Down Nearly 30% to Buy and Hold Forever

1 Magnificent Oil Stock Down Nearly 30% to Buy and Hold Forever

1 Magnificent Oil Stock Down Nearly 30% to Buy and Hold Forever

See News Rankings

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