Devon Energy Corp Company Profile (NYSE:DVN)

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

Devon Energy Corp 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 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, December 14th. View Devon Energy Corp's Dividend History.

Devon Energy Corp (NYSE:DVN) issued its quarterly earnings results on Tuesday, August, 1st. The company reported $0.34 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.33 by $0.01. The company had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $3.24 billion. Devon Energy Corp had a net margin of 13.84% and a return on equity of 25.21%. The company's revenue for the quarter was up 31.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. View Devon Energy Corp's Earnings History.

Devon Energy Corp is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Devon Energy Corp.

16 equities research analysts have issued 1-year target prices for Devon Energy Corp's stock. Their forecasts range from $28.00 to $67.00. On average, they expect Devon Energy Corp's stock price to reach $45.13 in the next twelve months. View Analyst Ratings for Devon Energy Corp.

Here are some recent quotes from research analysts about Devon Energy Corp 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 Corp include Anadarko Petroleum Corporation (APC), Pioneer Natural Resources Company (PXD), Concho Resources (CXO), Apache Corporation (APA), Continental Resources (CLR), Noble Energy (NBL), Cabot Oil & Gas Corporation (COG), EQT Corporation (EQT), Encana Corporation (ECA), Cimarex Energy Co (XEC), Marathon Oil Corporation (MRO), Diamondback Energy (FANG), Parsley Energy (PE), EQT GP Holdings, LP (EQGP), Antero Resources Corporation (AR), Rice Energy (RICE), Newfield Exploration Company (NFX) and Energen Corporation (EGN).

Devon Energy Corp'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 Corp's stock is owned by many different of retail and institutional investors. Top institutional shareholders 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 Corp stock include Barbara M Baumann, Robert A Mosbacher Jr and Robert H Henry. View Institutional Ownership Trends for Devon Energy Corp.

Devon Energy Corp'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 Corp stock in the last year include Robert A Mosbacher Jr and Robert H Henry. View Insider Buying and Selling for Devon Energy Corp.

Devon Energy Corp's stock was purchased 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 Corp.

Shares of Devon Energy Corp 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 Corp stock can currently be purchased for approximately $34.89.