Devon EnergyDVN
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 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
Employees: 2,300
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
31% more first-time investments, than exits
New positions opened: 156 | Existing positions closed: 119
22% more repeat investments, than reductions
Existing positions increased: 450 | Existing positions reduced: 370
11% more capital invested
Capital invested by funds: $16.3B [Q4 2024] → $18.2B (+$1.85B) [Q1 2025]
1% more funds holding
Funds holding: 1,118 [Q4 2024] → 1,129 (+11) [Q1 2025]
0% more funds holding in top 10
Funds holding in top 10: 14 [Q4 2024] → 14 (+0) [Q1 2025]
1.06% less ownership
Funds ownership: 76.05% [Q4 2024] → 74.99% (-1.06%) [Q1 2025]
35% less call options, than puts
Call options by funds: $717M | Put options by funds: $1.1B
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Wells Fargo Roger Read | 25%upside $41 | Overweight Maintained | 16 Jun 2025 |
Morgan Stanley Devin McDermott | 35%upside $44 | Overweight Maintained | 23 May 2025 |
Goldman Sachs Neil Mehta | 32%upside $43 | Buy Maintained | 15 May 2025 |
Piper Sandler Mark Lear | 62%upside $53 | Overweight Maintained | 13 May 2025 |
Mizuho Nitin Kumar | 32%upside $43 | Outperform Maintained | 13 May 2025 |
Financial journalist opinion
Based on 21 articles about DVN published over the past 30 days
