Devon Energy
DVN
Market cap $24.9B

37.95 USD

-0.47

1.22%

At close Jan 17, 4:00 PM EST

After hours

37.95

+0.00

0.00%

1 day

-1.22%

5 days

4.29%

1 month

17.97%

3 months

-6.48%

6 months

-21.99%

Year to date

13.62%

1 year

-7.64%

5 years

46.81%

10 years

-36.37%

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 6,823 funds

0

Analysts bullish %

of 8 analysts

Fund manager confidence

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

14% more repeat investments, than reductions

Existing positions increased: 475 | Existing positions reduced: 416

2.72% more ownership

Funds ownership: 75.11% [Q2] → 77.83% (+2.72%) [Q3]

3% less first-time investments, than exits

New positions opened: 116 | Existing positions closed: 120

9% less call options, than puts

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

2% less funds holding

Funds holding: 1,192 [Q2] → 1,165 (-27) [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 (-$3.51B) [Q3]

See Fund Rankings

Research analyst outlook

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

Low target

$42

11%

upside

Avg. target

$47

23%

upside

High target

$53

40%

upside

8 analyst ratings

6 positive

75%

2 neutral

25%

0 negative

0%

Bernstein Bob Brackett 17% 1-year accuracy 1 / 6 met price target	19%upside $45	Outperform Upgraded	15 Jan 2025
Benchmark Subash Chandra 49% 1-year accuracy 18 / 37 met price target	16%upside $44	Buy Upgraded	14 Jan 2025
Truist Securities Neal Dingmann 63% 1-year accuracy 100 / 159 met price target	11%upside $42	Hold Maintained	13 Jan 2025
RBC Capital Scott Hanold 72% 1-year accuracy 33 / 46 met price target	32%upside $50	Sector Perform Reiterated	10 Jan 2025
Piper Sandler Mark Lear 54% 1-year accuracy 98 / 181 met price target	40%upside $53	Overweight Maintained	17 Dec 2024

See Analyst Rankings

Financial journalist opinion

Based on 27 articles about DVN published over the past 30 days

The Motley Fool

Better Oil Stock: Chevron vs. Devon Energy

You should always aspire to have a good understanding of the companies you decide to invest in. There will be times when Wall Street throws you a curve ball, of course, but most of the time, businesses are fairly easy to understand.

Better Oil Stock: Chevron vs. Devon Energy

Zacks Investment Research

Devon Energy (DVN) Stock Falls Amid Market Uptick: What Investors Need to Know

Devon Energy (DVN) closed at $37.95 in the latest trading session, marking a -1.22% move from the prior day.

Devon Energy (DVN) Stock Falls Amid Market Uptick: What Investors Need to Know

Energy Sector Shines in 2025: 2 Stocks Leading the Charge

The energy sector has started 2025 with remarkable momentum, significantly outpacing the broader market. This impressive performance is reflected in the Energy Select Sector SPDR Fund NYSEARCA: XLE, which has gained 8.07% year-to-date as of January 16, far exceeding the S&P 500's modest 1.39% rise.

Energy Sector Shines in 2025: 2 Stocks Leading the Charge

3 Dividend Stocks at Bargain Levels to Defend Your Portfolio

As 2025 kicks off with a volatile start, many investors are likely feeling the pressure of heightened uncertainty. The S&P 500 and other major indices are down year-to-date, led by sharp declines in tech heavyweights like NVIDIA, which has fallen 13% from its 52-week high set just days ago.

3 Dividend Stocks at Bargain Levels to Defend Your Portfolio

Zacks Investment Research

Devon Energy (DVN) Beats Stock Market Upswing: What Investors Need to Know

Devon Energy (DVN) reachead $37.18 at the closing of the latest trading day, reflecting a +1.12% change compared to its last close.

Devon Energy (DVN) Beats Stock Market Upswing: What Investors Need to Know

Zacks Investment Research

Devon Shares Rise 12.8% in a Month: Good Time to Buy the Stock?

DVN stock's stable performance and well-balanced multi-basin holdings make it attractive. But investors should wait for a better entry point as its earnings estimates are going down.

Devon Shares Rise 12.8% in a Month: Good Time to Buy the Stock?

Devon Energy Announces Updates to Executive Leadership Team

OKLAHOMA CITY, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) today announced key updates to its executive leadership team.

Devon Energy Announces Updates to Executive Leadership Team

The Motley Fool

3 High-Yield Dividend Stocks Wall Street Thinks Will Soar 41% or More in 2025

How would you like to get paid to sit back and watch a stock you own take off? That's a scenario most investors would love.

3 High-Yield Dividend Stocks Wall Street Thinks Will Soar 41% or More in 2025

The Motley Fool

3 Reasons to Buy Devon Energy Stock Like There's No Tomorrow

With an almost 28% decline in 2024, Devon Energy (DVN 2.39%) is a stock that fell out of favor with the market. The sell-off has arguably been overdone, as the price of oil spent much of last year trading with a $70 per barrel handle and trades at almost $75 per barrel at the time of this writing.

3 Reasons to Buy Devon Energy Stock Like There's No Tomorrow

Devon Energy: A Top Energy Rebound Play For 2025

Devon Energy's acquisition of new acreage and focus on share buybacks, along with $70+ petroleum prices, make it an attractive long-term investment. Despite a 23% decline in core earnings in Q3, due to lower petroleum prices, DVN remains highly profitable and expects a 13% production surge in Q4'24. Trading at a forward P/E ratio of 6.8X, Devon Energy offers a 15% earnings yield, making it a compelling investment compared to rivals like EOG Resources and APA Corporation.

Devon Energy: A Top Energy Rebound Play For 2025

See News Rankings

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