Devon Energy (DVN) Stock Forecast, Price & News

Devon Energy (NYSE:DVN) Frequently Asked Questions

Is Devon Energy a buy right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 6 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Devon Energy stock.
View analyst ratings for Devon Energy or view top-rated stocks.

When is Devon Energy's next earnings date?

Devon Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Devon Energy.

How were Devon Energy's earnings last quarter?

Devon Energy Co. (NYSE:DVN) released its earnings results on Monday, May, 2nd. The energy company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.14. The energy company earned $3.81 billion during the quarter, compared to analysts' expectations of $4.02 billion. Devon Energy had a trailing twelve-month return on equity of 36.57% and a net margin of 25.69%. During the same period in the prior year, the company posted $0.45 earnings per share.
View Devon Energy's earnings history.

How often does Devon Energy pay dividends? What is the dividend yield for Devon Energy?

Devon Energy announced a quarterly dividend on Monday, May 2nd. Stockholders of record on Monday, June 13th will be paid a dividend of $1.27 per share on Thursday, June 30th. This represents a $5.08 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date of this dividend is Friday, June 10th. This is a positive change from Devon Energy's previous quarterly dividend of $1.00.
View Devon Energy's dividend history.

Is Devon Energy a good dividend stock?

Devon Energy pays an annual dividend of $4.00 per share and currently has a dividend yield of 5.42%. DVN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Devon Energy has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Devon Energy is 75.05%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Devon Energy will have a dividend payout ratio of 44.54% next year. This indicates that Devon Energy will be able to sustain or increase its dividend.
View Devon Energy's dividend history.

How will Devon Energy's stock buyback program work?

Devon Energy declared that its board has initiated a share buyback plan on Monday, May 2nd 2022, which permits the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

What price target have analysts set for DVN?

14 Wall Street analysts have issued 12 month target prices for Devon Energy's shares. Their forecasts range from $37.00 to $100.00. On average, they expect Devon Energy's share price to reach $67.88 in the next year. This suggests that the stock has a possible downside of 10.4%.
View analysts' price targets for Devon Energy or view top-rated stocks among Wall Street analysts.

Who are Devon Energy's key executives?

Devon Energy's management team includes the following people:

• Mr. David A. Hager, Exec. Chairman (Age 65, Pay $3.85M)
• Mr. Jeffrey L. Ritenour, Exec. VP & CFO (Age 49, Pay $1.35M) (LinkedIn Profile)
• Ms. Tana K. Cashion, Exec. VP of HR & Admin. (Age 51, Pay $576.4k) (LinkedIn Profile)
• Mr. David Gerard Harris, Exec. VP & Chief Corp. Devel. Officer (Age 48, Pay $1.26M)
• Mr. Richard E. Muncrief, Pres, CEO & Director (Age 63)
• Mr. J. Larry Nichols, Co-Founder & Chairman Emeritus (Age 80)
• Mr. Clay M. Gaspar, Exec. VP & COO (Age 50) (LinkedIn Profile)
• Mr. Jeremy D. Humphers, Sr. VP & Chief Accounting Officer (Age 48) (LinkedIn Profile)
• Ms. Alana Tetrick, VP of Corp. Fin. & Treasurer (Age 40)
• Mr. Trey Lowe, VP & CTO

What is John Richels' approval rating as Devon Energy's CEO?

221 employees have rated Devon Energy CEO John Richels on Glassdoor.com. John Richels has an approval rating of 34% among Devon Energy's employees. This puts John Richels in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Devon Energy's key competitors?

Some companies that are related to Devon Energy include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Diamondback Energy (FANG), Continental Resources (CLR), Marathon Oil (MRO), EQT (EQT), Southwestern Energy (SWN), Range Resources (RRC), PDC Energy (PDCE), Matador Resources (MTDR), SM Energy (SM), Comstock Resources (CRK), Kosmos Energy (KOS) and Callon Petroleum (CPE).
View all of DVN's competitors.

What other stocks do shareholders of Devon Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Devon Energy investors own include Bank of America (BAC), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), Pfizer (PFE), Exxon Mobil (XOM), Chevron (CVX), ConocoPhillips (COP), AT&T (T) and General Electric (GE).

What is Devon Energy's stock symbol?

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

Who are Devon Energy's major shareholders?

Devon Energy's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.42%), State Street Corp (6.35%), GQG Partners LLC (2.28%), Invesco Ltd. (2.06%), Bank of New York Mellon Corp (1.49%) and EnCap Energy Capital Fund X L.P. (1.37%). Company insiders that own Devon Energy stock include Ann G Fox, Clay M Gaspar, Dennis C Cameron, Felix Investments Holdings Ii,, Jeffrey L Ritenour, Jeremy D Humphers, Kelt Kindick and Tana K Cashion.
View institutional ownership trends for Devon Energy.

Which institutional investors are selling Devon Energy stock?

DVN stock was sold by a variety of institutional investors in the last quarter, including EnCap Energy Capital Fund X L.P., Invesco Ltd., Fuller & Thaler Asset Management Inc., EnCap Energy Capital Fund IX L.P., 1832 Asset Management L.P., Bank of New York Mellon Corp, Victory Capital Management Inc., and Permian Investment Partners LP. Company insiders that have sold Devon Energy company stock in the last year include Ann G Fox, Clay M Gaspar, Dennis C Cameron, Jeffrey L Ritenour, Jeremy D Humphers, Kelt Kindick, and Tana K Cashion.
View insider buying and selling activity for Devon Energy or view top insider-selling stocks.

Which institutional investors are buying Devon Energy stock?

DVN stock was purchased by a variety of institutional investors in the last quarter, including Boston Partners, Bank of Montreal Can, Arrowstreet Capital Limited Partnership, First Trust Advisors LP, Dimensional Fund Advisors LP, Asia Research & Capital Management Ltd, Twin Tree Management LP, and UBS Group AG.
View insider buying and selling activity for Devon Energy or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Devon Energy's stock price today?

One share of DVN stock can currently be purchased for approximately $75.80.

How much money does Devon Energy make?

Devon Energy has a market capitalization of $50.03 billion and generates $12.21 billion in revenue each year. The energy company earns $2.81 billion in net income (profit) each year or $5.329990 on an earnings per share basis.

How many employees does Devon Energy have?

Devon Energy employs 1,600 workers across the globe.

Does Devon Energy have any subsidiaries?

The following companies are subsidiares of Devon Energy: Anderson Exploration, Bleu Falcon Holdings Inc., Chief Oil & Gas LLC, Devon Canada Corporation, Devon Energy Corporation, Devon Energy International L.L.C., Devon Energy Production Company L.P., Devon Financing Company L.L.C., Devon Gas Co. L.L.C., Devon Gas Services L.P., Devon Headquarters L.L.C., Devon OEI Holdings L.L.C., Devon OEI Operating L.L.C., Felix Energy LLC, Hondo Oil & Gas Co, Kerr McGee, Mitchell Energy & Development Corp, Northstar Energy Corp, Ocean Energy Inc, PennzEnergy Company, Santa Fe Snyder Corp., and WPX Energy.

When was Devon Energy founded?

Devon Energy was founded in 1971.

What is Devon Energy's official website?

The official website for Devon Energy is www.devonenergy.com.

How can I contact Devon Energy?

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, via email at [email protected], or via fax at 405-552-4550.