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 7,398 funds
0
Analysts bullish %
of 11 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
8% more funds holding in top 10
Funds holding in top 10: 13 [Q3] → 14 (+1) [Q4]
1.77% less ownership
Funds ownership: 77.67% [Q3] → 75.91% (-1.77%) [Q4]
5% less funds holding
Funds holding: 1,171 [Q3] → 1,109 (-62) [Q4]
13% less repeat investments, than reductions
Existing positions increased: 388 | Existing positions reduced: 447
14% less capital invested
Capital invested by funds: $19B [Q3] → $16.3B (-$2.66B) [Q4]
19% less first-time investments, than exits
New positions opened: 161 | Existing positions closed: 199
23% less call options, than puts
Call options by funds: $639M | Put options by funds: $835M
Research analyst outlook
11 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
$55
45%
upside
11 analyst ratings
7 positive
64%
4 neutral
36%
0 negative
0%
Morgan Stanley Devin McDermott 50% 1-year accuracy 17 / 34 met price target | 24%upside $47 | Overweight Maintained | 27 Mar 2025 |
Citigroup Scott Gruber 46% 1-year accuracy 33 / 72 met price target | 21%upside $46 | Buy Maintained | 17 Mar 2025 |
JP Morgan Arun Jayaram 54% 1-year accuracy 22 / 41 met price target | 11%upside $42 | Neutral Maintained | 13 Mar 2025 |
Raymond James John Freeman 44% 1-year accuracy 14 / 32 met price target | 21%upside $46 | Outperform Maintained | 10 Mar 2025 |
Piper Sandler Mark Lear 43% 1-year accuracy 73 / 169 met price target | 45%upside $55 | Overweight Maintained | 24 Feb 2025 |
Financial journalist opinion
Based on 30 articles about DVN published over the past 30 days
Positive
Seeking Alpha
2 days ago
Why Devon Energy Checks Off Many Boxes Right Now
Devon Energy Corporation offers a compelling value opportunity with a forward PE of 7.6x, a 3.6% dividend yield, and 9% dividend growth. DVN's robust production growth, efficient capital deployment, and strong reserve replacement ratio highlight its operational excellence and future growth potential. Its strong financial position, including investment-grade credit ratings and substantial liquidity, supports its shareholder-friendly capital return strategy.
Positive
Zacks Investment Research
2 days ago
Upstream Energy Companies to Watch Following Q4 Earnings Beat
Companies like EOG, FANG and DVN displayed solid operational and financial performances, supported by record production levels, cost management and shareholder returns.
Positive
Zacks Investment Research
2 days ago
Is Most-Watched Stock Devon Energy Corporation (DVN) Worth Betting on Now?
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.
Positive
Seeking Alpha
3 days ago
Devon Energy's Recovery Is Well Deserved - Richer Return Prospects Ahead
Devon Energy remains inherently discounted compared to its peers despite the recent bounce, thanks to its growing production capacity and richer profit margins. Thanks to the still healthy balance sheet and rich cash flow generations, we believe that the oil/gas company remains well positioned to continue deleveraging while paying out dividends. On the other hand, readers must note that the oil/ gas sector is an inherently volatile sector, worsened by the ongoing OPEC+ output relaxation and non-OPEC+ increases.
Positive
Seeking Alpha
4 days ago
Buy, Baby, Buy: My 12 Favorite Energy Stocks For What's Next
Energy stocks are proving their strength, outperforming the market despite oil price stagnation. Structural shifts, deglobalization, and inflation favor long-term upside. Shale growth is slowing, and oil companies are prioritizing cash flow over expansion. With rising costs, $70 oil is the new $50, limiting U.S. production at lower prices. Uncertainty in policy and tariffs adds pressure, but I see oil stabilizing near $90 long term. My top energy picks remain strong plays for income and capital appreciation.
Neutral
The Motley Fool
5 days ago
3 Magnificent S&P 500 Dividend Stocks Down 20% to 33% to Buy and Hold Forever
The S&P 500 index recently slipped over 10% from its peak and officially entered the correction territory. Although it has rebounded since, the heightened volatility amid economic and geopolitical concerns and stubborn inflation have put dividend stocks in the spotlight.
Neutral
Zacks Investment Research
1 week ago
Devon Energy (DVN) Advances While Market Declines: Some Information for Investors
In the most recent trading session, Devon Energy (DVN) closed at $37.47, indicating a +1.35% shift from the previous trading day.
Positive
Zacks Investment Research
1 week ago
Here's Why Devon Energy (DVN) is a Strong Momentum Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Neutral
GlobeNewsWire
1 week ago
Devon Energy Schedules First-Quarter 2025 Earnings Release and Conference Call
OKLAHOMA CITY, March 26, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report first-quarter 2025 results on Tuesday, May 6, after the close of U.S. financial markets. The earnings release and presentation for the first-quarter 2025 results will be available on the company's website at www.devonenergy.com.
Negative
Zacks Investment Research
1 week ago
Devon Energy (DVN) Advances But Underperforms Market: Key Facts
Devon Energy (DVN) reachead $36.97 at the closing of the latest trading day, reflecting a +0.03% change compared to its last close.
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