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, June 7th. Stockholders 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 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, September 14th. View Devon Energy Corporation's Dividend History.

Devon Energy Corporation (NYSE:DVN) posted its quarterly earnings data on Tuesday, May, 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.40 by $0.02. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $2.98 billion. Devon Energy Corporation had a net margin of 2.34% and a return on equity of 4.25%. View Devon Energy Corporation's Earnings History.

Devon Energy Corporation is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Devon Energy Corporation.

21 brokerages have issued 12-month target prices for Devon Energy Corporation's stock. Their predictions range from $28.00 to $74.00. On average, they expect Devon Energy Corporation's stock price to reach $50.99 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, "Devon Energy’s persistent focus on high-quality North American properties has helped and the company expects to improve 2017 U.S. oil production by 13–17% from 2016 levels. Further, the company completed its asset sale target for 2016 by divesting assets worth $3.2 billion and used the proceeds to lower debt level, which in turn helped to lower annual financing costs. Devon will continue with its cost savings initiative in 2017 as well. The shares of Devon have returned higher than the broader industry in the last 12 months. However, the highly competitive nature of oil and gas industry has always been a headwind, and limited control over some properties could have a material impact on Devon’s performance. Further, its profitability is subject to oil, natural gas and NGL prices, which are volatile and cyclical in nature." (2/21/2017)
• 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 Canadian Natural Resources Limited (CNQ), Pioneer Natural Resources Company (PXD), Anadarko Petroleum Corporation (APC), Apache (APA), Concho Resources (CXO), Noble Energy (NBL), Continental Resources (CLR), Cabot Oil & Gas Corporation (COG), Marathon Oil Corporation (MRO), Cimarex Energy Co (XEC), Diamondback Energy (FANG), Encana Corporation (ECA), EQT GP Holdings, LP (EQGP), Parsley Energy (PE), Antero Resources Corporation (AR), Range Resources Corporation (RRC), Newfield Exploration Company (NFX) and Rice Energy (RICE).

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 variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.84%), Vanguard Group Inc. (8.30%), State Street Corp (5.21%), FMR LLC (2.04%), Artisan Partners Limited Partnership (1.54%) and Bank of New York Mellon Corp (1.20%). 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 Fiduciary Management Inc. WI, Renaissance Technologies LLC, First Eagle Investment Management LLC, Alleghany Corp DE, Alliancebernstein L.P., First Trust Advisors LP, Parametric Portfolio Associates LLC and Sasco Capital Inc. CT. 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 BlackRock Inc., Janus Capital Management LLC, Bank of New York Mellon Corp, Vanguard Group Inc., JPMorgan Chase & Co., Geode Capital Management LLC, Victory Capital Management Inc. and American Century Companies Inc.. 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 $30.48.