DVN icon

Devon Energy

33.42 USD
-0.72
2.11%
At close Feb 6, 4:00 PM EST
Pre-market
33.60
+0.18
0.54%
1 day
-2.11%
5 days
-4.51%
1 month
-0.98%
3 months
-16.49%
6 months
-20.39%
Year to date
0.06%
1 year
-18.65%
5 years
44.49%
10 years
-48.80%
 

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 6,831 funds
0
Analysts bullish %
of 9 analysts

Fund manager confidence

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

14% more repeat investments, than reductions

Existing positions increased: 477 | Existing positions reduced: 417

2.71% more ownership

Funds ownership: 75.11% [Q2] → 77.83% (+2.71%) [Q3]

3% less first-time investments, than exits

New positions opened: 115 | Existing positions closed: 119

9% less call options, than puts

Call options by funds: $790M | Put options by funds: $865M

2% less funds holding

Funds holding: 1,193 [Q2] → 1,167 (-26) [Q3]

7% less funds holding in top 10

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

16% less capital invested

Capital invested by funds: $22.5B [Q2] → $19B (-$3.5B) [Q3]

Research analyst outlook

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

Low target
$42
26%
upside
Avg. target
$47
42%
upside
High target
$54
62%
upside

9 analyst ratings

positive
78%
neutral
22%
negative
0%
Piper Sandler
Mark Lear
43% 1-year accuracy
76 / 176 met price target
62%upside
$54
Overweight
Maintained
29 Jan 2025
Raymond James
John Freeman
25% 1-year accuracy
5 / 20 met price target
62%upside
$54
Outperform
Maintained
23 Jan 2025
Bernstein
Bob Brackett
0% 1-year accuracy
0 / 6 met price target
35%upside
$45
Outperform
Upgraded
15 Jan 2025
Benchmark
Subash Chandra
25% 1-year accuracy
9 / 36 met price target
32%upside
$44
Buy
Upgraded
14 Jan 2025
Truist Securities
Neal Dingmann
35% 1-year accuracy
54 / 156 met price target
26%upside
$42
Hold
Maintained
13 Jan 2025

Financial journalist opinion

Based on 24 articles about DVN published over the past 30 days

Positive
Seeking Alpha
14 hours ago
Buy The Dip: Big Dividends Getting Way Too Cheap
My strategy involves buying high-quality, high-yield stocks at discounts, holding until they re-appreciate, and then selling to reinvest in undervalued stocks. I share some of the most attractive, high-quality big dividend stocks available right now. I detail why they are good buys.
Buy The Dip: Big Dividends Getting Way Too Cheap
Neutral
Zacks Investment Research
3 days ago
Why Devon Energy (DVN) Dipped More Than Broader Market Today
The latest trading day saw Devon Energy (DVN) settling at $33.75, representing a -1.03% change from its previous close.
Why Devon Energy (DVN) Dipped More Than Broader Market Today
Positive
Zacks Investment Research
3 days ago
Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock
Devon Energy (DVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock
Neutral
The Motley Fool
1 week ago
Devon Energy: Buy, Sell, or Hold?
Devon Energy (DVN -0.09%) is a fairly easy company to understand. However, how it fits into a portfolio can be a bit more complicated to figure out.
Devon Energy: Buy, Sell, or Hold?
Positive
Zacks Investment Research
1 week ago
Why Devon Energy (DVN) is Poised to Beat Earnings Estimates Again
Devon Energy (DVN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Why Devon Energy (DVN) is Poised to Beat Earnings Estimates Again
Positive
Zacks Investment Research
1 week ago
Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
Neutral
Zacks Investment Research
1 week ago
Devon Energy (DVN) Falls More Steeply Than Broader Market: What Investors Need to Know
In the most recent trading session, Devon Energy (DVN) closed at $35.33, indicating a -1.75% shift from the previous trading day.
Devon Energy (DVN) Falls More Steeply Than Broader Market: What Investors Need to Know
Positive
Zacks Investment Research
1 week ago
Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
Neutral
The Motley Fool
1 week ago
The Smartest Oil Stocks to Buy With $200 Right Now
Oil is a volatile commodity, a fact that needs to be taken into consideration when buying an oil-related stock. However, there are different ways to view this fact from an investment perspective.
The Smartest Oil Stocks to Buy With $200 Right Now
Neutral
Zacks Investment Research
2 weeks ago
Devon Energy (DVN) Stock Declines While Market Improves: Some Information for Investors
In the most recent trading session, Devon Energy (DVN) closed at $36.45, indicating a -0.03% shift from the previous trading day.
Devon Energy (DVN) Stock Declines While Market Improves: Some Information for Investors
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