Devon Energy
DVN

$41.34

1.76%

Market Cap: $25.9B

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 6,686 funds

0

Analysts bullish %

of 13 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

18% more repeat investments, than reductions

Existing positions increased: 487 | Existing positions reduced: 413

17% more funds holding in top 10

Funds holding in top 10: 12 [Q1] → 14 (+2) [Q2]

8% more call options, than puts

Call options by funds: $1.09B | Put options by funds: $1.01B

2% less funds holding

Funds holding: 1,197 [Q1] → 1,177 (-20) [Q2]

7% less capital invested

Capital invested by funds: $23.2B [Q1] → $21.7B (-$1.51B) [Q2]

16% less first-time investments, than exits

New positions opened: 108 | Existing positions closed: 128

15.88% less ownership

Funds ownership: 88.37% [Q1] → 72.48% (-15.88%) [Q2]

See Fund Rankings

Research analyst outlook

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

Low target

$43

4%

upside

Avg. target

$58

41%

upside

High target

$65

57%

upside

13 analyst ratings

10 positive

77%

3 neutral

23%

0 negative

0%

Susquehanna Biju Perincheril 44% 1-year accuracy 33 / 75 met price target	52%upside $63	Positive Maintained	4 Sept 2024
RBC Capital Scott Hanold 30% 1-year accuracy 11 / 37 met price target	38%upside $57	Sector Perform Reiterated	3 Sept 2024
Piper Sandler Mark Lear 24% 1-year accuracy 17 / 71 met price target	38%upside $57	Overweight Maintained	15 Aug 2024
Wells Fargo Roger Read 29% 1-year accuracy 22 / 76 met price target	33%upside $55	Overweight Maintained	14 Aug 2024
Wells Fargo Roger Read 29% 1-year accuracy 22 / 76 met price target	38%upside $57	Overweight Maintained	23 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 26 articles about DVN published over the past 30 days

The Motley Fool

3 Top High-Yield Oil Stocks to Buy in September

The Bakken oil field is maturing, and the market is discounting oil assets of companies operating in the region. Valuations look extremely attractive for companies that have assets with many years of oil production ahead.

3 Top High-Yield Oil Stocks to Buy in September

12 Upcoming Dividend Increases

As fall approaches, twelve smaller financial institutions are set to increase dividends, averaging a 7.6% increase. My investment strategy focuses on companies with consistent dividend growth and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ. SCHD outperformed most companies with a 197% total return over the past decade, with BR and CSWC showing notable performance.

12 Upcoming Dividend Increases

Don't Miss Out on These Top 3 Stocks for a September to Remember

September often carries a reputation for market volatility and potential downturns, usually called the “September Effect.” This perception is rooted in historical observations, but savvy investors should avoid letting perceived trends dictate their investment decisions.

Don't Miss Out on These Top 3 Stocks for a September to Remember

The Motley Fool

3 Top High-Yield Stocks to Buy in September

Devon Energy is set to significantly increase its dividend in the coming years. Diamondback Energy's investment in the Permian Basin is attracting investor attention.

3 Top High-Yield Stocks to Buy in September

The Motley Fool

Here's How Devon Energy Can Become a Super-High Dividend-Yield Stock Again

Devon is set to significantly increase oil and gas production in the coming years, not least through an acquisition integration. The stock's cash-flow yield is already very high, and there's plenty of potential to increase the dividend.

Here's How Devon Energy Can Become a Super-High Dividend-Yield Stock Again

The Motley Fool

Despite Being Down Between 22% and 64% From Their Peaks, These 3 Dividend Stocks Are Worth Buying in September

Devon Energy is an upstream energy company committed to returning free cash flow to investors. UPS has given investors every reason to lose faith, but there are reasons to hope for a turnaround.

Despite Being Down Between 22% and 64% From Their Peaks, These 3 Dividend Stocks Are Worth Buying in September

The Motley Fool

With Crude Prices Around $75 a Barrel, This High-Yielding Oil Stock Is an Incredible Bargain

Devon Energy generates lots of cash at $75 oil. The company trades at a dirt cheap price and will be even cheaper after closing its accretive Grayson Mill Energy deal.

With Crude Prices Around $75 a Barrel, This High-Yielding Oil Stock Is an Incredible Bargain

Zacks Investment Research

Devon Energy Stock Down 8.1% in a Year: Should You Buy the Dip?

Despite a dip in prices, DVN, with its multi-basin portfolio and diverse commodity mix, is a prominent performer in the oil and gas space.

Devon Energy Stock Down 8.1% in a Year: Should You Buy the Dip?

Zacks Investment Research

Devon Energy Corporation (DVN) Is a Trending Stock: Facts to Know Before Betting on It

Zacks.com users have recently been watching Devon Energy (DVN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Devon Energy Corporation (DVN) Is a Trending Stock: Facts to Know Before Betting on It

Analysts are Bullish on These 3 Undervalued Stocks

As the market appears to be entering a new regime with potential rate cuts on the horizon, investors might find it advantageous to look into undervalued stocks with bullish ratings from analysts. With capital flows and liquidity expected to rise, these stocks could benefit and offer promising opportunities.

Analysts are Bullish on These 3 Undervalued Stocks

See News Rankings