Devon Energy
DVN
Market cap $22.5B

35.11 USD

+0.78

2.27%

At close Jun 13, 4:00 PM EDT

After hours

35.25

+0.14

0.40%

1 day

2.27%

5 days

8.00%

1 month

2.39%

3 months

3.91%

6 months

3.63%

Year to date

5.12%

1 year

-23.27%

5 years

172.38%

10 years

-43.03%

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

Energy Oil & Gas Exploration & Production

0

Funds holding %

of 7,296 funds

0

Analysts bullish %

of 12 analysts

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

30% more first-time investments, than exits

New positions opened: 155 | 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] → 1,128 (+10) [Q1 2025]

0% more funds holding in top 10

Funds holding in top 10: 14 [Q4 2024] → 14 (+0) [Q1 2025]

1.07% less ownership

Funds ownership: 76.05% [Q4 2024] → 74.98% (-1.07%) [Q1 2025]

35% less call options, than puts

Call options by funds: $717M | Put options by funds: $1.1B

See Fund Rankings

Research analyst outlook

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

Low target

$35

0%

upside

Avg. target

$42

20%

upside

High target

$53

51%

upside

12 analyst ratings

9 positive

75%

3 neutral

25%

0 negative

0%

Morgan Stanley Devin McDermott	25%upside $44	Overweight Maintained	23 May 2025
Goldman Sachs Neil Mehta	22%upside $43	Buy Maintained	15 May 2025
Wells Fargo Roger Read	31%upside $46	Overweight Maintained	14 May 2025
Piper Sandler Mark Lear	51%upside $53	Overweight Maintained	13 May 2025
Mizuho Nitin Kumar	22%upside $43	Outperform Maintained	13 May 2025

See Analyst Rankings

Financial journalist opinion

Based on 13 articles about DVN published over the past 30 days

The Motley Fool

3 Ultra-Reliable Dividend Stocks Yielding Over 3% to Double Up on in June for Passive Income

We aren't even halfway through 2025, and already, it has been a roller-coaster year in the stock market. The major indexes incurred steep sell-offs, only to snap back like nothing happened.

3 Ultra-Reliable Dividend Stocks Yielding Over 3% to Double Up on in June for Passive Income

Devon Energy to Participate in a Fireside Chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference

OKLAHOMA CITY, June 12, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced Clay Gaspar, President and CEO will participate in a fireside chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference.

Devon Energy to Participate in a Fireside Chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference

Devon Energy: Creating Value With Low Oil Prices

I am rating Devon Energy with a Buy and a $40 price target based on historical valuations of a 4.8x EV/EBITDA multiple, assuming an average realized oil price of $62. Devon is generating value by reducing costs, focusing on profitability, and capital discipline, resulting in a free cash flow breakeven WTI oil price of $45 per barrel. DVN's strategy allows it to return capital to shareholders through buybacks and cash dividend payments.

Devon Energy: Creating Value With Low Oil Prices

Zacks Investment Research

Why the Market Dipped But Devon Energy (DVN) Gained Today

In the closing of the recent trading day, Devon Energy (DVN) stood at $34.47, denoting a +2.99% move from the preceding trading day.

Why the Market Dipped But Devon Energy (DVN) Gained Today

2 Upstream Energy Stocks I Am Buying Hand Over Fist

Upstream shale oil and gas stocks are oversold, with investor fears overblown; companies are generating strong free cash flow even at lower oil prices. The sector has become highly efficient, with lower capex and improved technology enabling profitability and shareholder returns despite industry headwinds. Devon Energy and EOG Resources are highlighted as undervalued, cash-generative plays with robust capital return programs and attractive EV/EBITDA multiples.

2 Upstream Energy Stocks I Am Buying Hand Over Fist

Zacks Investment Research

Why Is Devon Energy (DVN) Up 4.2% Since Last Earnings Report?

Devon Energy (DVN) reported earnings 30 days ago. What's next for the stock?

Why Is Devon Energy (DVN) Up 4.2% Since Last Earnings Report?

Zacks Investment Research

Devon Energy Corporation (DVN) is Attracting Investor Attention: Here is What You Should 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.

Devon Energy Corporation (DVN) is Attracting Investor Attention: Here is What You Should Know

BP Appoints Former Devon Energy Chief David Hager as Nonexecutive Director

The naming of the U.S. oil executive comes at a time when BP is seeking to more than double its production of oil and gas in the country by the end of the decade.

BP Appoints Former Devon Energy Chief David Hager as Nonexecutive Director

Devon Energy: Patience Warranted

Devon Energy shares have fallen near $30, tracking the decline in oil prices. The energy company has plans for a $1 billion optimization, boosting already strong free cash flows. Energy price volatility presents both risks and potential upside for patient investors at these levels with the stock offering a net payout yield of nearly 10% and future dividend upside.

Devon Energy: Patience Warranted

CNBC Television

Final Trades: Cameco Corp, Devon Energy, Toast and the SLV

The Investment Committee give their top stocks to watch for the second half.

Final Trades: Cameco Corp, Devon Energy, Toast and the SLV

See News Rankings

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