Devon Energy Corporation Company Profile (NYSE:DVN)

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

Devon Energy Corporation announced a quarterly dividend on Wednesday, September 13th. Stockholders of record on Friday, December 15th will be given a dividend of $0.06 per share on Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, December 14th. View Devon Energy Corporation's Dividend History.

Devon Energy Corporation (NYSE:DVN) released its quarterly earnings data on Tuesday, August, 1st. The company reported $0.34 EPS for the quarter, beating the Zacks' consensus estimate of $0.33 by $0.01. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.24 billion. Devon Energy Corporation had a net margin of 16.07% and a return on equity of 5.36%. The firm's revenue for the quarter was up 31.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. View Devon Energy Corporation's Earnings History.

Devon Energy Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Devon Energy Corporation.

16 brokerages have issued 1-year target prices for Devon Energy Corporation's stock. Their predictions range from $28.00 to $67.00. On average, they expect Devon Energy Corporation's stock price to reach $45.13 in the next twelve months. View Analyst Ratings for Devon Energy Corporation.

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

• 1. According to Zacks Investment Research, "Loss in Devon’s shares was wider than the broader industry in the last three months. The highly competitive nature of the oil and gas industry has always been a headwind and limited control over some properties controlled by third parties could have an adverse impact on Devon’s performance. Further, its profitability is subject to oil, natural gas and NGL prices, which are volatile and cyclical in nature. However, Devon’s deep and diversified portfolio, primarily composed of unconventional resources, holds significant long-term growth potential. Thanks to solid oil production and performance from its domestic oil plays, the company is well poised to deliver 13–17% growth in U.S. oil production in 2017 from 2016 levels. Devon will continue with its cost-savings initiative in 2017 as well." (7/14/2017)
• 2. 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)

Some companies that are related to Devon Energy Corporation include Williams Partners LP (WPZ), Anadarko Petroleum Corporation (APC), Pioneer Natural Resources Company (PXD), Concho Resources (CXO), Apache Corporation (APA), Continental Resources (CLR), Noble Energy (NBL), Cabot Oil & Gas Corporation (COG), EQT Corporation (EQT), Encana Corporation (ECA), Marathon Oil Corporation (MRO), Cimarex Energy Co (XEC), Diamondback Energy (FANG), Parsley Energy (PE), EQT GP Holdings, LP (EQGP), Antero Resources Corporation (AR), Rice Energy (RICE) and Newfield Exploration Company (NFX).

Devon Energy Corporation's management team includes the folowing people:

• John Richels, Chairman of the Board
• David A. Hager, President, Chief Executive Officer, Director
• Jeffrey L. Ritenour, Chief Financial Officer, Executive Vice President
• Tony D. Vaughn, Chief Operating Officer
• Lyndon C. Taylor, Executive Vice President, General Counsel
• R. Alan Marcum, Executive Vice President - Administration
• Robert A. Mosbacher Jr., Lead Independent Director
• Barbara M. Baumann, Independent Director
• John E. Bethancourt, Independent Director
• Robert H. Henry, Independent Director

Devon Energy Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.83%), Vanguard Group Inc. (8.52%), State Street Corp (5.27%), FMR LLC (2.04%), Artisan Partners Limited Partnership (1.48%) and Standard Life Investments LTD (1.15%). Company insiders that own Devon Energy Corporation stock include Barbara M Baumann, Robert A Mosbacher Jr and Robert H Henry. View Institutional Ownership Trends for Devon Energy Corporation.

Devon Energy Corporation's stock was sold by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, PNC Financial Services Group Inc., The Manufacturers Life Insurance Company , Balyasny Asset Management LLC, Bank of New York Mellon Corp, First Trust Advisors LP, Gluskin Sheff & Assoc Inc. and Dimensional Fund Advisors LP. Company insiders that have sold Devon Energy Corporation stock in the last year include Robert A Mosbacher Jr and Robert H Henry. View Insider Buying and Selling for Devon Energy Corporation.

Devon Energy Corporation's stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Prudential Financial Inc., Vanguard Group Inc., Victory Capital Management Inc., Ameriprise Financial Inc., AJO LP, Parametric Portfolio Associates LLC and First Quadrant L P CA. View Insider Buying and Selling for Devon Energy Corporation.

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.

One share of Devon Energy Corporation stock can currently be purchased for approximately $35.78.