Capital One Financial Comments on Devon Energy Q2 Earnings

Devon Energy Corporation (NYSE:DVN - Free Report) - Equities research analysts at Capital One Financial lowered their Q2 2025 earnings per share (EPS) estimates for shares of Devon Energy in a research note issued to investors on Tuesday, July 15th. Capital One Financial analyst P. Johnston now anticipates that the energy company will post earnings of $0.82 per share for the quarter, down from their prior estimate of $0.87. 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 FY2025 earnings at $4.23 EPS and FY2026 earnings at $4.21 EPS.

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

Other research analysts have also issued reports about the stock. Raymond James Financial set a $40.00 price target on shares of Devon Energy in a research report on Monday, April 21st. Morgan Stanley reiterated an "overweight" rating and issued a $46.00 target price (up from $44.00) on shares of Devon Energy in a research report on Tuesday. UBS Group upped their price target on shares of Devon Energy from $35.00 to $37.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Devon Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Barclays upped their price target on shares of Devon Energy from $38.00 to $40.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Eleven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Devon Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.67.

Devon Energy Stock Performance

DVN stock traded up $0.06 during midday trading on Thursday, reaching $32.84. 7,129,453 shares of the company's stock traded hands, compared to its average volume of 8,919,390. The company has a 50-day moving average price of $32.82 and a two-hundred day moving average price of $33.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.08. Devon Energy has a 52 week low of $25.89 and a 52 week high of $47.51. The firm has a market capitalization of $21.09 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02.

Hedge Funds Weigh In On Devon Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Devon Energy by 7.3% during the 4th quarter. Vanguard Group Inc. now owns 80,682,170 shares of the energy company's stock worth $2,640,727,000 after purchasing an additional 5,465,692 shares during the period. Fuller & Thaler Asset Management Inc. boosted 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 purchasing an additional 3,114,656 shares during the period. Marshall Wace LLP boosted its stake in shares of Devon Energy by 135.5% during the 4th quarter. Marshall Wace LLP now owns 5,371,518 shares of the energy company's stock worth $175,810,000 after purchasing an additional 3,090,585 shares during the period. Invesco Ltd. boosted its stake in shares of 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 during the period. Finally, Ameriprise Financial Inc. boosted its position in Devon Energy by 81.1% in the 1st quarter. Ameriprise Financial Inc. now owns 5,029,987 shares of the energy company's stock valued at $188,131,000 after buying an additional 2,252,918 shares during the period. 69.72% of the stock is owned by hedge funds and other institutional investors.

Devon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.24 per share. The ex-dividend date was Friday, June 13th. This represents a $0.96 annualized dividend and a dividend yield of 2.92%. Devon Energy's payout ratio is 21.87%.

Devon Energy Company Profile

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.