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, September 13th. Shareholders of record on Friday, December 15th will be given a dividend of $0.06 per share on Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, December 14th. View Devon Energy Corporation's Dividend History.

Devon Energy Corporation (NYSE:DVN) released its quarterly earnings data on Tuesday, August, 1st. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.33 by $0.01. The business earned $3.27 billion during the quarter, compared to analyst estimates of $3.24 billion. Devon Energy Corporation had a return on equity of 5.36% and a net margin of 16.07%. Devon Energy Corporation's quarterly revenue was up 31.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. View Devon Energy Corporation's Earnings History.

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

17 brokers have issued 12-month target prices for Devon Energy Corporation's shares. Their forecasts range from $28.00 to $66.00. On average, they expect Devon Energy Corporation's share price to reach $45.44 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 (APC), Pioneer Natural Resources Company (PXD), Concho Resources (CXO), Apache Corporation (APA), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil Corporation (MRO), Cabot Oil & Gas Co. (COG), Cimarex Energy Co (XEC), Encana Corporation (ECA), EQT Corporation (EQT), Diamondback Energy (FANG), Parsley Energy (PE), EQT GP Holdings, LP (EQGP), Rice Energy (RICE), Antero Resources Corp (AR), 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 shareholders include APG Asset Management N.V. (0.05%), Centre Asset Management LLC (0.04%), Assenagon Asset Management S.A. (0.04%), State Treasurer State of Michigan (0.03%), Shell Asset Management Co. (0.01%) and Mutual of America Capital Management LLC (0.01%). 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 Private Asset Management Inc., Meeder Asset Management Inc., Mutual of America Capital Management LLC, State Treasurer State of Michigan, JJJ Advisors Inc., Osborn Williams & Donohoe LLC, Culbertson A N & Co. Inc. and Ingalls & Snyder LLC. 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 Centre Asset Management LLC, Assenagon Asset Management S.A., APG Asset Management N.V., Shell Asset Management Co., Deane Retirement Strategies Inc., Robeco Institutional Asset Management B.V. and Quantitative Systematic Strategies LLC. 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 $34.93.