Capital One Financial Weighs in on Devon Energy Q2 Earnings

Devon Energy Corporation (NYSE:DVN - Free Report) - Equities research analysts at Capital One Financial lowered their Q2 2025 EPS estimates for Devon Energy in a report released on Wednesday, July 2nd. Capital One Financial analyst P. Johnston now anticipates that the energy company will earn $0.87 per share for the quarter, down from their previous forecast of $1.00. The consensus estimate for Devon Energy's current full-year earnings is $4.85 per share. Capital One Financial also issued estimates for Devon Energy's Q3 2025 earnings at $1.06 EPS, Q4 2025 earnings at $1.15 EPS, FY2025 earnings at $4.29 EPS and FY2026 earnings at $4.22 EPS.

Devon Energy (NYSE:DVN - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The energy company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.06). The company had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. Devon Energy had a net margin of 16.60% and a return on equity of 21.90%. The business's revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 earnings per share.

DVN has been the topic of a number of other reports. Citigroup lowered their target price on shares of Devon Energy from $46.00 to $43.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Barclays raised their target price on shares of Devon Energy from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Royal Bank Of Canada decreased their price target on Devon Energy from $49.00 to $40.00 and set a "sector perform" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group increased their price target on Devon Energy from $38.00 to $43.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. decreased their price target on Devon Energy from $48.00 to $42.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Devon Energy presently has an average rating of "Moderate Buy" and a consensus price target of $43.50.

Devon Energy Stock Performance

Shares of DVN traded down $0.21 during mid-day trading on Friday, reaching $33.20. 2,849,156 shares of the company's stock were exchanged, compared to its average volume of 8,858,896. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.99. The stock has a market capitalization of $21.32 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. The business's fifty day simple moving average is $32.40 and its 200-day simple moving average is $33.42. Devon Energy has a 52-week low of $25.89 and a 52-week high of $49.35.

Devon Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, June 13th. Devon Energy's dividend payout ratio (DPR) is presently 21.87%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Devon Energy by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 82,780,738 shares of the energy company's stock worth $3,096,000,000 after buying an additional 2,098,568 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Devon Energy by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 16,931,275 shares of the energy company's stock worth $552,830,000 after buying an additional 1,038,305 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Devon Energy by 12.9% during the 1st quarter. Victory Capital Management Inc. now owns 11,518,862 shares of the energy company's stock worth $430,805,000 after buying an additional 1,315,050 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Devon Energy by 42.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 10,395,225 shares of the energy company's stock worth $340,236,000 after buying an additional 3,114,656 shares during the last quarter. Finally, Invesco Ltd. increased its position in Devon Energy by 32.8% during the 4th quarter. Invesco Ltd. now owns 9,461,719 shares of the energy company's stock worth $309,682,000 after purchasing an additional 2,335,473 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company's stock.

About Devon Energy

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.