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 announced a quarterly dividend on Wednesday, June 6th. Stockholders 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 dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 13th. View Devon Energy's Dividend History.

Devon Energy declared that its Board of Directors has authorized a share buyback plan on Wednesday, June 6th 2018, which authorizes the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 14.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

Devon Energy Corp (NYSE:DVN) posted its earnings results on Tuesday, May, 1st. The energy company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 return on equity of 5.68% and a net margin of 4.49%. The business's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.07 EPS. View Devon Energy's Earnings History.

Devon Energy is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Devon Energy.

25 Wall Street analysts have issued 12 month price objectives for Devon Energy's stock. Their forecasts range from $35.00 to $68.00. On average, they expect Devon Energy's share price to reach $46.5263 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 daily trading volume, of 9,706,110 shares, the days-to-cover ratio is presently 1.4 days. Approximately 2.7% of the company's stock are sold short. View Devon Energy's Current Options Chain.

Some companies that are related to Devon Energy include CNOOC (CEO), EOG Resources (EOG), ENI (E), PETROLEO BRASIL/ADR (PBR), Occidental Petroleum (OXY), 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), Continental Resources (CLR), WOODSIDE Pet Lt/ADR (WOPEY), Sasol (SSL) and Concho Resources (CXO).

News coverage about DVN stock has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Devon Energy earned a coverage optimism score of 0.22 on Accern's scale. They also assigned news stories about the energy company an impact score of 45.38 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Devon Energy's stock is owned by many different of institutional and retail 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 acquired 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 $43.28.

Devon Energy has a market capitalization of $22.30 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]