Devon Energy
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
0
Funds holding %
of 7,419 funds
0
Analysts bullish %
of 14 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
8% more funds holding in top 10
Funds holding in top 10: 13 [Q3] → 14 (+1) [Q4]
1.22% less ownership
Funds ownership: 77.16% [Q3] → 75.95% (-1.22%) [Q4]
5% less funds holding
Funds holding: 1,171 [Q3] → 1,112 (-59) [Q4]
13% less repeat investments, than reductions
Existing positions increased: 390 | Existing positions reduced: 447
13% less capital invested
Capital invested by funds: $18.8B [Q3] → $16.3B (-$2.52B) [Q4]
18% less first-time investments, than exits
New positions opened: 162 | Existing positions closed: 197
23% less call options, than puts
Call options by funds: $639M | Put options by funds: $835M
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$35
13%
upside
Avg. target
$43
38%
upside
High target
$56
80%
upside
14 analyst ratings
9 positive
64%
5 neutral
36%
0 negative
0%
Barclays Betty Jiang 14% 1-year accuracy 5 / 37 met price target | 22%upside $38 | Equal-Weight Maintained | 23 Apr 2025 |
Piper Sandler Mark Lear 34% 1-year accuracy 56 / 166 met price target | 80%upside $56 | Overweight Maintained | 23 Apr 2025 |
Susquehanna Biju Perincheril 10% 1-year accuracy 6 / 63 met price target | 32%upside $41 | Positive Maintained | 22 Apr 2025 |
RBC Capital Scott Hanold 15% 1-year accuracy 6 / 40 met price target | 29%upside $40 | Sector Perform Maintained | 14 Apr 2025 |
Wells Fargo Roger Read 25% 1-year accuracy 29 / 115 met price target | 42%upside $44 | Overweight Maintained | 14 Apr 2025 |
Financial journalist opinion
Based on 22 articles about DVN published over the past 30 days
Neutral
Zacks Investment Research
12 hours ago
Devon Energy (DVN) Stock Drops Despite Market Gains: Important Facts to Note
Devon Energy (DVN) closed the most recent trading day at $31.08, moving -0.38% from the previous trading session.
Positive
Zacks Investment Research
1 day ago
Here is What to Know Beyond Why Devon Energy Corporation (DVN) is a Trending Stock
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.
Neutral
GlobeNewsWire
2 days ago
Devon Energy Unveils Value Enhancing Business Optimization Plan
HIGHLIGHTS Targeting $1 billion in annual pre-tax free cash flow improvements Business optimization plan underway to improve margins and capital efficiency Plan includes improvements to base production performance, midstream commercial terms and corporate costs Expected to be completed by the end of 2026, with 30 percent achieved by year-end 2025 OKLAHOMA CITY, April 22, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced its business optimization plan to improve margins and capital efficiency, growing free cash flow generation and driving significant shareholder value. “I'm excited to announce the details of our business optimization plan, set to enhance margins and deliver $1 billion in annual pre-tax free cash flow improvements by year end 2026,” said Clay Gaspar, president and CEO.
Negative
The Motley Fool
1 week ago
These Oil Stocks Can Thrive Even With Crude Prices Sinking
Oil prices have tumbled this year. WTI, the primary U.S. oil price benchmark, has plunged from about $80 a barrel in early January to around $60 a barrel.
Positive
Zacks Investment Research
1 week ago
Devon Trades at a Discount to Industry: How to Play the Stock?
The DVN stock is priced below its industry peers, but with declining earnings estimates, investors should consider waiting for a more appropriate entry point.
Positive
Zacks Investment Research
1 week ago
Is Trending Stock Devon Energy Corporation (DVN) a Buy Now?
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.
Positive
Zacks Investment Research
2 weeks ago
Will Devon Energy (DVN) Beat Estimates Again in Its Next Earnings Report?
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.
Positive
Seeking Alpha
2 weeks ago
Devon Energy's 15% Free Cash Flow Yield Is Too Appealing Not To Buy
Devon Energy is rated a BUY with a $40/share target, driven by potential upside in natural gas prices and undervaluation due to recent selling pressure. Domestic natural gas demand is expected to rise as data centers increasingly rely on gas power, potentially boosting Devon's revenue. Internationally, the EU's need to refill gas reserves amid reduced Russian imports may drive higher LNG prices, benefiting Devon's gas assets.
Positive
Zacks Investment Research
2 weeks ago
Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Oils and Energy Names
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Neutral
The Motley Fool
2 weeks ago
Devon Energy Rallied Nearly 15% in Q1 While the Nasdaq Had Its Worst Quarter Since the Bear Market
Devon Energy (DVN -11.67%) got off to a great start in 2025. The oil company's stock price surged 14.3% in the first quarter, according to data from S&P Global Market Intelligence.
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