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 declared a quarterly dividend on Wednesday, June 7th. Investors of record on Friday, September 15th will be paid a dividend of $0.06 per share on Friday, September 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, September 14th. View Devon Energy Corporation's Dividend History.

Devon Energy Corporation (NYSE:DVN) issued its quarterly earnings results on Tuesday, August, 1st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm earned $3.27 billion during the quarter, compared to analysts' expectations of $3.24 billion. Devon Energy Corporation had a return on equity of 5.36% and a net margin of 16.07%. The firm's revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period last year, the business earned $0.06 earnings per share. 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.

18 equities research analysts have issued 1-year price objectives for Devon Energy Corporation's shares. Their forecasts range from $28.00 to $74.00. On average, they expect Devon Energy Corporation's share price to reach $47.49 in the next year. 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 Anadarko Petroleum Corporation (APC), Pioneer Natural Resources Company (PXD), Concho Resources (CXO), Apache Corporation (APA), Continental Resources (CLR), Cabot Oil & Gas Corporation (COG), Noble Energy (NBL), EQT Corporation (EQT), Marathon Oil Corporation (MRO), Cimarex Energy Co (XEC), Encana Corporation (ECA), Diamondback Energy (FANG), EQT GP Holdings, LP (EQGP), Parsley Energy (PE), Antero Resources Corporation (AR), Rice Energy (RICE), Newfield Exploration Company (NFX) and RSP Permian (RSPP).

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 a number of of institutional and retail investors. Top institutional investors 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 acquired 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 $30.18.