Devon Energy Corporation Company Profile (NYSE:DVN)

About Devon Energy Corporation

Devon Energy Corporation logoDevon Energy Corporation (Devon) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company's operations are concentrated in various North American onshore areas in the United States and Canada. The Company also produces over 1.6 billion cubic feet of natural gas a day and approximately 135 thousand barrels of NGLs per day. The Company operates through three segments: U.S., Canada and EnLink. Devon's U.S. and Canadian segments are engaged in oil and gas exploration and production activities. EnLink's operations consist of midstream assets and operations located across the United States. Its projects include Delaware Basin, STACK, Eagle Ford, Rockies Oil, Heavy Oil, Barnett Shale, and other assets, which are located in the Midland Basin, east Texas, Granite Wash and Mississippian-Lime areas. In addition, the Company holds interest in Jackfish and Pike.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Independent Oil & Gas
  • Sub-Industry: Oil & Gas Exploration & Production
  • Exchange: NYSE
  • Symbol: DVN
  • CUSIP: 25179M10
Key Metrics:
  • Previous Close: $44.11
  • 50 Day Moving Average: $46.27
  • 200 Day Moving Average: $43.68
  • 52-Week Range: $523,000,000.00 - $18.07
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 15.78
  • P/E Growth: 10.25
  • Market Cap: $23.17B
  • Outstanding Shares: 523,000,000
  • Beta: 2.17
Profitability:
  • Net Margins: -69.59%
  • Return on Equity: 1.48%
  • Return on Assets: 0.53%
Debt:
  • Debt-to-Equity Ratio: 1.09%
  • Current Ratio: 1.56%
  • Quick Ratio: 1.56%
Additional Links:
Companies Related to Devon Energy Corporation:

Analyst Ratings

Consensus Ratings for Devon Energy Corporation (NYSE:DVN) (?)
Ratings Breakdown: 9 Hold Ratings, 16 Buy Ratings, 2 Strong Buy Ratings
Consensus Rating:Buy (Score: 2.74)
Consensus Price Target: $47.79 (8.20% upside)

Analysts' Ratings History for Devon Energy Corporation (NYSE:DVN)
Show:
DateFirmActionRatingPrice TargetDetails
2/16/2017Credit Suisse GroupReiterated RatingBuy$55.00View Rating Details
2/15/2017Societe GeneraleUpgradeHold -> Buy$55.00View Rating Details
2/15/2017KLR GroupBoost Price TargetBuy$53.00 -> $62.00View Rating Details
1/26/2017Barclays PLCBoost Price TargetOverweight$48.00 -> $54.00View Rating Details
1/17/2017Jefferies Group LLCDowngradeBuy -> Hold$48.00View Rating Details
1/11/2017Wells Fargo & CompanyDowngradeOutperform -> Market Perform$50.00View Rating Details
1/3/2017RBC Capital MarketsReiterated RatingBuy$54.00View Rating Details
12/9/2016Seaport Global SecuritiesUpgradeNeutral -> BuyView Rating Details
10/10/2016Bank of America CorpSet Price TargetBuy$64.00View Rating Details
9/6/2016Raymond James Financial, Inc.DowngradeOutperform -> Market Perform$45.84View Rating Details
9/6/2016Citigroup Inc.DowngradePositive -> Market PerformView Rating Details
8/23/2016ArgusBoost Price TargetBuy$51.00 -> $61.00View Rating Details
8/3/2016Morgan StanleySet Price TargetBuy$54.00View Rating Details
8/3/2016J P Morgan Chase & CoReiterated RatingBuyView Rating Details
7/17/2016Deutsche Bank AGReiterated RatingBuyView Rating Details
7/11/2016ScotiabankReiterated RatingOutperform -> Focus Stock$50.00 -> $61.00View Rating Details
7/11/2016Howard WeilUpgradeSector Outperform -> Focus Stock$50.00 -> $61.00View Rating Details
7/7/2016SimmonsReiterated RatingNeutral$39.00 -> $41.00View Rating Details
7/7/2016Piper Jaffray CompaniesReiterated RatingNeutral$39.00 -> $41.00View Rating Details
6/16/2016WunderlichBoost Price TargetBuy$40.00 -> $41.00View Rating Details
6/13/2016BMO Capital MarketsReiterated RatingBuy$35.00 -> $40.00View Rating Details
5/19/2016Johnson RiceUpgradeHold -> AccumulateView Rating Details
5/12/2016StephensReiterated RatingHoldView Rating Details
5/5/2016Sanford C. BernsteinBoost Price TargetOutperform$37.00 -> $38.00View Rating Details
5/4/2016Royal Bank Of CanadaBoost Price TargetOutperform$36.00 -> $41.00View Rating Details
4/15/2016Evercore ISIUpgradeHold -> Buy$30.00 -> $40.00View Rating Details
3/8/2016Iberia CapitalLower Price TargetSector Perform$45.00 -> $30.00View Rating Details
2/22/2016Susquehanna Bancshares IncLower Price Target$37.00 -> $30.00View Rating Details
2/18/2016MacquarieLower Price TargetOutperform$52.00 -> $29.00View Rating Details
2/18/2016Wolfe ResearchDowngradeOutperform -> Market PerformView Rating Details
2/17/2016Mitsubishi UFJ Financial GroupUpgradeUnderweight -> NeutralView Rating Details
2/18/2016GuggenheimLower Price TargetBuy$57.00 -> $39.00View Rating Details
2/18/2016Goldman Sachs Group, Inc. (The)Lower Price TargetNeutral$39.00 -> $34.00View Rating Details
2/18/2016Cowen and CompanyLower Price TargetOutperform$46.00 -> $34.00View Rating Details
1/25/2016Tudor PickeringUpgradeAccumulate -> BuyView Rating Details
1/21/2016NomuraLower Price TargetNeutral$49.00 -> $32.00View Rating Details
12/8/2015Mitsubishi UFJ Financial Group IncReiterated RatingUnderweightView Rating Details
6/17/2015Oppenheimer Holdings, Inc.DowngradeOutperform -> Market Perform$70.00View Rating Details
6/11/2015GMP SecuritiesUpgradeHold -> Buy$82.00View Rating Details
6/2/2015Evercore Partners Inc.Initiated CoverageHold$76.00View Rating Details
5/20/2015Imperial CapitalInitiated CoverageOutperform$92.00View Rating Details
4/21/2015FBR & CoInitiated CoverageOutperformView Rating Details
(Data available from 2/19/2015 forward)

Earnings

Earnings History for Devon Energy Corporation (NYSE:DVN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
2/14/2017Q416$0.21$0.25$2.79 billion$2.81 billionViewN/AView Earnings Details
8/2/2016Q216($0.19)$0.06$2.29 million$2.49 billionViewN/AView Earnings Details
5/3/2016Q116($0.64)($0.53)$2.60 billion$2.13 billionViewN/AView Earnings Details
2/16/2016Q415$0.71$0.77$3.63 billion$2.89 billionViewListenView Earnings Details
11/3/2015Q315$0.52$0.76$3.98 billion$3.60 billionViewN/AView Earnings Details
8/4/2015Q215$0.42$0.78$3.74 billion$3.39 billionViewN/AView Earnings Details
5/5/2015Q115$0.26$0.22$3.75 billion$3.27 billionViewN/AView Earnings Details
2/17/2015Q414$1.05$0.93$4.11 billion$6.00 billionViewN/AView Earnings Details
11/4/2014Q314$1.24$1.34$4.15 billion$5.34 billionViewN/AView Earnings Details
8/6/2014Q214$1.40$1.64$3.71 billion$4.51 billionViewN/AView Earnings Details
5/7/2014Q114$1.26$1.14$2.87 billion$3.73 billionViewListenView Earnings Details
2/19/2014Q413$1.09$1.10$2.69 billion$2.62 billionViewListenView Earnings Details
11/6/2013Q313$1.20$1.29$2.74 billion$2.72 billionViewListenView Earnings Details
8/7/2013Q2 2013$0.95$1.21$2.60 billion$3.09 billionViewListenView Earnings Details
5/1/2013Q1 2013$0.56$0.66$2.28 billion$1.97 billionViewN/AView Earnings Details
2/20/2013Q4 2012$0.75$0.78$2.37 billion$2.58 billionViewListenView Earnings Details
11/7/2012Q312$0.70$0.88$2.32 billion$1.87 billionViewN/AView Earnings Details
8/1/2012$0.85$0.55ViewN/AView Earnings Details
5/2/2012$1.42$1.05ViewN/AView Earnings Details
2/15/2012$1.47$1.55ViewN/AView Earnings Details
11/2/2011$1.50$1.54ViewN/AView Earnings Details
8/3/2011$1.53$1.71ViewN/AView Earnings Details
5/4/2011$1.33$0.97ViewN/AView Earnings Details
2/16/2011$1.41$1.57ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Devon Energy Corporation (NYSE:DVN)
Current Year EPS Consensus Estimate: $1.87 EPS
Next Year EPS Consensus Estimate: $2.80 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20166($0.68)($0.24)($0.51)
Q2 20165($0.43)($0.11)($0.26)
Q3 20165($0.29)$0.09($0.07)
Q4 20164$0.14$0.22$0.18
Q1 20172$0.25$0.44$0.35
Q2 20172$0.31$0.39$0.35
Q3 20172$0.38$0.47$0.43
Q4 20172$0.45$0.53$0.49
Q1 20181$0.62$0.62$0.62
Q2 20181$0.70$0.70$0.70
Q3 20181$0.81$0.81$0.81
Q4 20181$0.93$0.93$0.93
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Devon Energy Corporation (NYSE:DVN)
Annual Dividend:$0.24
Dividend Yield:0.54%
Dividend Growth:-13.10% (3 Year Average)
Payout Ratio:-1.28% (Based on Trailing 12 Months of Earnings)
12.83% (Based on Current Year Consensus EPS Estimate)
8.57% (Based on Next Year Consensus EPS Estimate)

Dividend History for Devon Energy Corporation (NYSE:DVN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/30/2016quarterly$0.060.5%3/13/20173/15/20173/31/2017
9/14/2016quarterly$0.060.59%12/13/201612/15/201612/30/2016
6/8/2016quarterly$0.060.64%9/13/20169/15/20169/30/2016
2/16/2016quarterly$0.061.18%6/13/20166/15/20166/30/2016
12/2/2015quarterly$0.242.34%3/11/20163/15/20163/31/2016
9/16/2015quarterly$0.242.35%12/11/201512/15/201512/31/2015
6/3/2015quarterly$0.241.52%9/11/20159/15/20159/30/2015
3/5/2015quarterly$0.241.62%6/11/20156/15/20156/30/2015
12/3/2014quarterly$0.241.61%3/11/20153/13/20153/31/2015
9/10/2014quarterly$0.241.36%12/10/201412/12/201412/31/2014
6/4/2014quarterly$0.241.28%9/10/20149/12/20149/30/2014
3/5/2014quarterly$0.241.49%6/11/20146/13/20146/30/2014
12/4/2013quarterly$0.221.43%3/12/20143/14/20143/31/2014
9/11/2013quarterly$0.221.49%12/11/201312/13/201312/31/2013
6/5/2013quarterly$0.221.58%9/11/20139/13/20139/30/2013
3/6/2013quarterly$0.221.58%6/12/20136/14/20136/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Devon Energy Corporation (NYSE:DVN)
Insider Ownership Percentage: 0.98%
Institutional Ownership Percentage: 77.18%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/20/2016Robert H HenryDirectorSell7,100$37.43$265,753.00View SEC Filing  
1/6/2016Barbara M BaumannDirectorBuy8,200$30.44$249,608.00View SEC Filing  
7/6/2015Barbara M BaumannDirectorBuy4,500$56.58$254,610.00View SEC Filing  
6/10/2015Robert A Mosbacher JrDirectorSell3,200$64.00$204,800.00View SEC Filing  
12/23/2014Robert H HenryDirectorSell4,089$61.12$249,919.68View SEC Filing  
10/23/2014Akash PatelDirectorBuy25,000$0.17$4,250.00
10/15/2014John E BethancourtDirectorBuy9,150$54.64$499,956.00View SEC Filing  
8/29/2014Robert A Mosbacher JrDirectorSell4,100$74.75$306,475.00View SEC Filing  
7/17/2014Frank W RudolphEVPSell48,493$78.00$3,782,454.00View SEC Filing  
7/14/2014Frank W RudolphEVPSell20,135$77.08$1,552,005.80View SEC Filing  
6/23/2014Robert A Mosbacher JrDirectorSell3,500$79.07$276,745.00View SEC Filing  
5/19/2014Frank RudolphEVPSell1,000$71.31$71,310.00View SEC Filing  
7/18/2013William F WhitsittEVPSell2,000$57.00$114,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Devon Energy Corporation (NYSE:DVN)
DateHeadline
News IconHow Devon Energy Plans to Increase Cash Flow in 2017 (NYSE:DVN)
techknowbits.com - February 19 at 11:01 AM
News IconQ1 2017 EPS Estimates for Devon Energy Corporation Lowered by Analyst (DVN) (NYSE:DVN)
ekosvoice.com - February 19 at 11:01 AM
News IconRecommendation Trends for Investors: Devon Energy Corporation (NYSE:DVN) (NYSE:DVN)
brassale.net - February 19 at 11:01 AM
News IconHot Stock for Investors: Devon Energy Corporation (NYSE:DVN) (NYSE:DVN)
nyhetsbanken.info - February 19 at 11:01 AM
News IconPrice Forecast For Devon Energy Corporation (NYSE:DVN) Stock At $50.941 (NYSE:DVN)
mundoaguaysaneamiento.net - February 19 at 11:01 AM
News IconAnalytical Report on Rating and Recommendation: Devon Energy Corp (NYSE:DVN) (NYSE:DVN)
prensariotiretail.com - February 19 at 11:01 AM
News IconDevon Energy Corporation (DVN) recently sold by insider Henry Robert H (NYSE:DVN)
hoyentv.com - February 19 at 11:01 AM
News IconAnalysts believe Devon Energy Corporation (NYSE:DVN) is worth $53.11 per share (NYSE:DVN)
xboxonezone.com - February 19 at 11:01 AM
finance.yahoo.com logoDEVON ENERGY CORP/DE Financials (NYSE:DVN)
finance.yahoo.com - February 18 at 4:34 PM
marketrealist.com logoWill 4Q16 Mark a Low Point in Devon Energy’s Production Volumes? (NYSE:DVN)
marketrealist.com - February 17 at 6:42 PM
seekingalpha.com logoDevon: The Report Is Concerning (NYSE:DVN)
seekingalpha.com - February 17 at 6:42 PM
capitalcube.com logoDevon Energy Corp. :DVN-US: Earnings Analysis: 2016 By the Numbers : February 17, 2017 (NYSE:DVN)
us.rd.yahoo.com - February 17 at 6:42 PM
News IconDevon Energy to boost Oklahoma drilling in 2017 (NYSE:DVN)
newsok.com - February 16 at 8:29 PM
marketexclusive.com logoDEVON ENERGY CORPORATION (NYSE:DVN) Files An 8-K Results of Operations and Financial Condition (NYSE:DVN)
marketexclusive.com - February 16 at 8:29 PM
News IconWhy Devon Energy Corp (NYSE: DVN) is subdued (NYSE:DVN)
fxdailyreport.com - February 16 at 8:29 PM
News IconWhy Devon Energy Corp (NYSE: DVN) is subdued (NYSE:DVN)
fxdailyreport.com - February 16 at 8:29 PM
us.rd.yahoo.com logoDevon Energy 4Q Earnings Beats Analyst Estimates (NYSE:DVN)
us.rd.yahoo.com - February 16 at 8:29 PM
us.rd.yahoo.com logoDevon Energy 4Q Earnings Beats Analyst Estimates (NYSE:DVN)
us.rd.yahoo.com - February 16 at 8:29 PM
us.rd.yahoo.com logoDevon Energy 4Q Earnings Beats Analyst Estimates (NYSE:DVN)
us.rd.yahoo.com - February 16 at 8:29 PM
us.rd.yahoo.com logoDevon Energy upgraded by Societe Generale (NYSE:DVN)
us.rd.yahoo.com - February 16 at 8:29 PM
us.rd.yahoo.com logoDevon Energy upgraded by Societe Generale (NYSE:DVN)
us.rd.yahoo.com - February 16 at 8:29 PM
us.rd.yahoo.com logoDevon Energy upgraded by Societe Generale (NYSE:DVN)
us.rd.yahoo.com - February 16 at 8:29 PM
seekingalpha.com logoHere's Why Devon Energy Stock Will Soar Higher - Seeking Alpha (NYSE:DVN)
seekingalpha.com - February 16 at 3:25 PM
seekingalpha.com logoDevon Energy (DVN) Q4 2016 Results - Earnings Call Transcript ... - Seeking Alpha (NYSE:DVN)
seekingalpha.com - February 16 at 3:25 PM
biz.yahoo.com logoDEVON ENERGY CORP/DE Files SEC form 10-K, Annual Report (NYSE:DVN)
biz.yahoo.com - February 16 at 3:25 PM
finance.yahoo.com logoDevon Energy (DVN) Beats on Q4 Earnings, Gives '17 View (NYSE:DVN)
finance.yahoo.com - February 16 at 3:25 PM
finance.yahoo.com logoEdited Transcript of DVN earnings conference call or presentation 15-Feb-17 4:00pm GMT (NYSE:DVN)
finance.yahoo.com - February 16 at 3:25 PM
investors.com logoOil Stockpiles Jump But Cushing Sees Dip; Shale Firm Sees Muted Costs (NYSE:DVN)
www.investors.com - February 16 at 3:25 PM
capitalcube.com logoDevon Energy Corp. :DVN-US: Earnings Analysis: Q4, 2016 By the Numbers : February 16, 2017 (NYSE:DVN)
www.capitalcube.com - February 16 at 3:25 PM
fool.com logoDevon Energy Corp Puts a Wrap on a Transformational Year (NYSE:DVN)
www.fool.com - February 15 at 12:18 PM
News IconDevon Energy Corporation (DVN) Issues Earnings Results (NYSE:DVN)
interiordesignfuture.com - February 14 at 10:45 PM
News IconThe Insider Activity Speaks Itself: Devon Energy Corporation (NYSE:DVN) (NYSE:DVN)
cloudhostinghq.net - February 14 at 10:45 PM
News IconAnalysts Opinions on: Devon Energy Corporation (NYSE:DVN) (NYSE:DVN)
techknowbits.com - February 14 at 10:45 PM
us.rd.yahoo.com logo4:16 pm Devon Energy beats by $0.07, reports revs in-line (NYSE:DVN)
us.rd.yahoo.com - February 14 at 10:45 PM
finance.yahoo.com logoDevon Energy beats profit estimates as cost cuts pay off (NYSE:DVN)
finance.yahoo.com - February 14 at 10:45 PM
News IconDevon Energy seeks appeal on royalty class-action ruling (NYSE:DVN)
www.star-telegram.com - February 14 at 5:43 PM
News IconDevon Energy Corporation (NYSE:DVN) Beats Earnings by 75% percent (NYSE:DVN)
brassale.net - February 14 at 5:43 PM
News IconDevon Energy Corporation (NASDAQ:DVN) To Release Earnings (NYSE:DVN)
eleganthomesinla.com - February 14 at 5:43 PM
News IconDevon Energy Corporation (DVN) Stake Raised by Bessemer Group Inc (NYSE:DVN)
giftedviz.com - February 14 at 5:43 PM
News IconDevon Energy Corporation (DVN) Scheduled to Post Quarterly Earnings on Tuesday (NYSE:DVN)
www.graffiotech.com - February 14 at 5:43 PM
reuters.com logoBRIEF-Devon Energy Corp reported oil production averaged 244,000 barrels per day in Q4 of 2016 (NYSE:DVN)
www.reuters.com - February 14 at 5:43 PM
biz.yahoo.com logoQ4 2016 Devon Energy Corp Earnings Release - After Market Close (NYSE:DVN)
us.rd.yahoo.com - February 14 at 5:43 PM
us.rd.yahoo.com logoDevon Energy Reports Fourth-Quarter and Full-Year 2016 Results; Provides Updated Capital and Production Outlook (NYSE:DVN)
us.rd.yahoo.com - February 14 at 5:43 PM
us.rd.yahoo.com logoDevon Energy posts Q4 profit vs. year-ago loss (NYSE:DVN)
us.rd.yahoo.com - February 14 at 5:43 PM
biz.yahoo.com logoDEVON ENERGY CORP/DE Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi (NYSE:DVN)
us.rd.yahoo.com - February 14 at 5:43 PM
finance.yahoo.com logoDevon Energy beats Street 4Q forecasts (NYSE:DVN)
finance.yahoo.com - February 14 at 5:43 PM
investors.com logoDiamondback, Devon Energy Beat, Lift Capex Views; Fossil Dives On Miss (NYSE:DVN)
www.investors.com - February 14 at 5:43 PM
us.rd.yahoo.com logoAre Institutional Investors Accumulating Devon Energy? (NYSE:DVN)
us.rd.yahoo.com - February 13 at 10:36 PM
us.rd.yahoo.com logoHow Has Devon Energy Stock Reacted to past Earnings Results? (NYSE:DVN)
us.rd.yahoo.com - February 13 at 10:36 PM
News IconLarge Outflow of Money Witnessed in Devon Energy Corporation - Highland Mirror (NYSE:DVN)
www.highlandmirror.com - February 13 at 5:34 PM

Social

What is Devon Energy Corporation's stock symbol?

Devon Energy Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "DVN."

How often does Devon Energy Corporation pay dividends? What is the dividend yield for Devon Energy Corporation?

Devon Energy Corporation declared a quarterly dividend on Wednesday, November 30th. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.06 per share on Friday, March 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Monday, March 13th.

Where is Devon Energy Corporation's stock going? Where will Devon Energy Corporation's stock price be in 2017?

27 equities research analysts have issued 12 month target prices for Devon Energy Corporation's stock. Their predictions range from $30.00 to $64.00. On average, they anticipate Devon Energy Corporation's share price to reach $47.79 in the next year.

When will Devon Energy Corporation announce their earnings?

Devon Energy Corporation is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

What are analysts saying about Devon Energy Corporation stock?

Here are some recent quotes from research analysts about Devon Energy Corporation stock:

  • KLR Group analysts commented, "We are increasing our DVN target price $9 to $62 per share due to approximately 10% lower capital intensity (focus on core plays), slightly higher U.S. liquids price realizations and lower other expense. Our composite weighted average cost-of-capital values the midstream business at ~11x next year's cash generation (EnLink Midstream LLC (ENLC, $19.30, NR)/EnLink Midstream Partners (ENLK, $19.16, NR) valuation)." (2/15/2017)
  • According to Zacks Investment Research, "Devon Energy persistent focus on high-quality North American properties has led to robust oil output. We expect the consistently strong production in the Eagle Ford and Delaware Basin assets, and the Canadian heavy oil operations to help maintain production levels. The company completed its asset sale target for 2016 by divesting assets worth $3.2 billion and used the proceeds to lower its debt level and make investments in the high-quality resource plays. The shares of Devon Energy have returned higher than the broader industry in the last twelve months. The highly competitive oil and gas industry has always been a headwind, and limited control over some properties could have a material impact on Devon’s performance. Devon’s profitability is subject to oil, natural gas and NGL prices, which are volatile and cyclical in nature." (1/16/2017)

  • Morgan Stanley analysts commented, "Too Much Gas Behind This Rally; Downgrading to Sell Following SWN’s recent outperformance (+33% vs. gassy resource peers’ +11% over the past 30 days) & assuming current futures strip prices, we estimate it is now trading at 2016-17E EV/EBITDX multiples of ~23.9x & ~12.0x…well above its historical avg of 7.2x (see Figure 5). This rally has dramatically exceeded the ~$0.10/MMBtu increase in the 2017 futures strip over this time period, leaving SWN reflecting a recovery to a much higher natural gas price. And while we expect much higher 2017 natural gas prices, SWN already seems to reflect a recovery to ~$3.50/MMBtu or higher (above the 2017 curve of $2.84/MMBtu and our normalized forecast of $3.25/MMBtu) despite an over-leveraged balance sheet, declining production, and avg cash flow per debt- adjusted share growth from 2016-20 (see Figures 4 & 6)." (4/19/2016)

Who owns Devon Energy Corporation stock?

Devon Energy Corporation's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (5.30%), FMR LLC (2.11%), Fiduciary Management Inc. WI (1.71%), Artisan Partners Limited Partnership (1.49%), Barrow Hanley Mewhinney & Strauss LLC (0.97%) and Renaissance Technologies LLC (0.70%). Company insiders that own Devon Energy Corporation stock include Barbara M Baumann, Robert A Mosbacher Jr and Robert H Henry.

Who sold Devon Energy Corporation stock? Who is selling Devon Energy Corporation stock?

Devon Energy Corporation's stock was sold by a variety of institutional investors in the last quarter, including Alyeska Investment Group L.P., Systematic Financial Management LP, Fiduciary Management Inc. WI, Clough Capital Partners L P, FMR LLC, Franklin Resources Inc., Castleark Management LLC and RidgeWorth Capital Management LLC.

Who bought Devon Energy Corporation stock? Who is buying Devon Energy Corporation stock?

Devon Energy Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Discovery Capital Management LLC CT, Shelton Capital Management, State Street Corp, Asset Management One Co. Ltd., Barrow Hanley Mewhinney & Strauss LLC, Russell Investments Group Ltd., Janus Capital Management LLC and DFT Energy LP.

How do I buy Devon Energy Corporation stock?

Shares of Devon Energy Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Devon Energy Corporation stock cost?

One share of Devon Energy Corporation stock can currently be purchased for approximately $44.17.

Devon Energy Corporation (NYSE:DVN) Chart for Sunday, February, 19, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Devon Energy Corporation (NYSE:DVN)

Earnings History Chart

Earnings by Quarter for Devon Energy Corporation (NYSE:DVN)

Dividend History Chart

Dividend Payments by Quarter for Devon Energy Corporation (NYSE:DVN)

Last Updated on 2/19/2017 by MarketBeat.com Staff