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Devon Energy
DVN

$45.96
1.67%

Market Cap: 28.8B

 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 33 analysts
0
News positive %
of 32 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

17.27% more ownership

Funds ownership: 68.99% [Q4 2023] → 86.26% (+17.27%) [Q1 2024]

13% more capital invested

Capital invested by funds: $20B [Q4 2023] → $22.7B (+$2.65B) [Q1 2024]

12% more call options, than puts

Call options by funds: $1.36B | Put options by funds: $1.22B

1% more repeat investments, than reductions

Existing positions increased: 459 | Existing positions reduced: 455

0% more funds holding in top 10

Funds holding in top 10: 12 [Q4 2023] → 12 (+0) [Q1 2024]

2% less funds holding

Funds holding: 1,199 [Q4 2023] → 1,181 (-18) [Q1 2024]

12% less first-time investments, than exits

New positions opened: 133 | Existing positions closed: 151

Research analyst outlook

33 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$43
6%
downside
Avg. target
$60
31%
upside
High target
$75
63%
upside

33 analyst ratings

27 positive
82%
neutral
18%
negative
0%
Wells Fargo
Roger Read
24%upside
$57
Overweight
Maintained
23 Jul 2024
Bernstein
Bob Brackett
6%downside
$43
Market Perform
Maintained
17 Jul 2024
Scotiabank
Paul Cheng
31%upside
$60
Sector Outperform
Maintained
12 Jul 2024
Susquehanna
Biju Perincheril
41%upside
$65
Positive
Maintained
9 Jul 2024
Truist Securities
Neal Dingmann
39%upside
$64
Buy
Maintained
9 Jul 2024

Financial journalist opinion

Based on 32 articles about DVN published over the past 30 days