NYSE:DVN - Devon Energy Stock Price, Price Target & More

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

Devon Energy declared a quarterly dividend on Wednesday, June 6th. Shareholders of record on Friday, September 14th will be given a dividend of $0.08 per share on Friday, September 28th. This represents a $0.32 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 13th. View Devon Energy's Dividend History.

Devon Energy announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 6th 2018, which allows the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 14.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Devon Energy Corp (NYSE:DVN) issued its quarterly earnings results on Tuesday, May, 1st. The energy company reported $0.20 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.20. The energy company earned $3.81 billion during the quarter, compared to analyst estimates of $3.85 billion. Devon Energy had a net margin of 4.49% and a return on equity of 5.68%. The company's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. View Devon Energy's Earnings History.

Devon Energy is scheduled to release their next quarterly earnings announcement on Tuesday, August, 7th 2018. View Earnings Estimates for Devon Energy.

25 equities research analysts have issued twelve-month price targets for Devon Energy's shares. Their predictions range from $28.00 to $68.00. On average, they anticipate Devon Energy's share price to reach $45.60 in the next year. View Analyst Ratings for Devon Energy.

Devon Energy saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 14,013,325 shares, an increase of 29.7% from the April 30th total of 10,807,249 shares. Based on an average trading volume of 9,706,110 shares, the short-interest ratio is currently 1.4 days. Currently, 2.7% of the company's stock are sold short.

Some companies that are related to Devon Energy include CNOOC (CEO), EOG Resources (EOG), ENI (E), Occidental Petroleum (OXY), PETROLEO BRASIL/ADR (PBR), PETROLEO BRASIL/RED PFD sh (PBR.A), Ecopetrol (EC), Canadian Natural Resource (CNQ), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), WOODSIDE Pet Lt/ADR (WOPEY), Sasol (SSL), Continental Resources (CLR) and Concho Resources (CXO).

News coverage about DVN stock has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Devon Energy earned a daily sentiment score of 0.14 on Accern's scale. They also gave press coverage about the energy company an impact score of 46.04 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Devon Energy's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.25%), Diamond Hill Capital Management Inc. (1.50%), Victory Capital Management Inc. (1.41%), Artisan Partners Limited Partnership (1.41%), American Century Companies Inc. (1.24%) and Barrow Hanley Mewhinney & Strauss LLC (1.24%). Company insiders that own Devon Energy stock include John E Bethancourt, Lyndon C Taylor, Robert A Mosbacher Jr and Robert H Henry. View Institutional Ownership Trends for Devon Energy.

DVN stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Prudential Financial Inc., Scout Investments Inc., Northern Trust Corp, Swiss National Bank, State of Wisconsin Investment Board, Lord Abbett & CO. LLC and BB&T Securities LLC. Company insiders that have sold Devon Energy company stock in the last year include Lyndon C Taylor and Robert H Henry. View Insider Buying and Selling for Devon Energy.

DVN stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Diamond Hill Capital Management Inc., American Century Companies Inc., Neuberger Berman Group LLC, Victory Capital Management Inc., Rothschild Asset Management Inc., Dimensional Fund Advisors LP and State of New Jersey Common Pension Fund D. View Insider Buying and Selling for Devon Energy.

Shares of DVN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of DVN stock can currently be purchased for approximately $41.10.

Devon Energy has a market capitalization of $21.07 billion and generates $13.95 billion in revenue each year. The energy company earns $898 million in net income (profit) each year or $0.63 on an earnings per share basis. Devon Energy employs 4,900 workers across the globe.

Devon Energy's mailing address is 333 WEST SHERIDAN AVENUE, OKLAHOMA CITY OK, 73102. The energy company can be reached via phone at 405-235-3611 or via email at [email protected]