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About Devon Energy (NYSE:DVN)
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. It operates approximately 14,600 gross wells. The company also offers gathering, transmission, processing, storage, fractionation, and marketing to upstream oil and natural gas producers; and owns natural gas pipelines, plants and treatment facilities. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
SymbolNYSE:DVN
CUSIP25179M10
Phone405-235-3611
Debt
Debt-to-Equity Ratio0.70
Current Ratio1.04
Quick Ratio1.04
Price-To-Earnings
Trailing P/E Ratio64.41
Forward P/E Ratio30.51
P/E Growth4.37
Sales & Book Value
Annual Sales$13.95 billion
Price / Sales1.52
Cash Flow$4.7022 per share
Price / Cash8.63
Book Value$26.22 per share
Price / Book1.55
Profitability
EPS (Most Recent Fiscal Year)$0.63
Net Income$898 million
Net Margins4.49%
Return on Equity5.68%
Return on Assets2.55%
Miscellaneous
Employees4,900
Outstanding Shares523,400,000
Devon Energy (NYSE:DVN) Frequently Asked Questions
What is Devon Energy's stock symbol?
Devon Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "DVN."
How often does Devon Energy pay dividends? What is the dividend yield for Devon Energy?
Devon Energy declared a quarterly dividend on Wednesday, March 7th. Investors of record on Friday, June 15th will be given a dividend of $0.08 per share on Friday, June 29th. This represents a $0.32 annualized dividend and a yield of 0.79%. The ex-dividend date is Thursday, June 14th. This is a positive change from Devon Energy's previous quarterly dividend of $0.06. View Devon Energy's Dividend History.
How will Devon Energy's stock buyback program work?
Devon Energy announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 1st 2018, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its shares are undervalued.
How were Devon Energy's earnings last quarter?
Devon Energy (NYSE:DVN) announced its earnings results on Tuesday, May, 1st. The energy company reported $0.20 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.20. The energy company earned $3.81 billion during the quarter, compared to the consensus estimate of $3.85 billion. Devon Energy had a return on equity of 5.68% and a net margin of 4.49%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 earnings per share. View Devon Energy's Earnings History.
When is Devon Energy's next earnings date?
What price target have analysts set for DVN?
24 brokerages have issued 1 year target prices for Devon Energy's shares. Their forecasts range from $28.00 to $68.00. On average, they expect Devon Energy's share price to reach $45.1579 in the next year. View Analyst Ratings for Devon Energy.
Are investors shorting 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 currently 1.4 days. Currently, 2.7% of the company's stock are short sold.
Who are some of Devon Energy's key competitors?
Some companies that are related to Devon Energy include Petrobras (PBR), CNOOC (CEO), Petroleo Brasileiro SA Petrobras (PBR.A), EOG Resources (EOG), ENI (E), Occidental Petroleum (OXY), Canadian Natural Resources (CNQ), Ecopetrol (EC), Anadarko Petroleum (APC), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Continental Resources (CLR), Sasol (SSL), Woodside Petroleum (WOPEY) and Concho Resources (CXO).
Who are Devon Energy's key executives?
Devon Energy's management team includes the folowing people:
- Mr. David A. Hager, Pres, CEO & Director (Age 61)
- Mr. J. Larry Nichols, Co-Founder and Chairman Emeritus (Age 76)
- Mr. Tony D. Vaughn, Chief Operating Officer (Age 60)
- Mr. Lyndon C. Taylor, Exec. VP of Legal and Gen. Counsel (Age 59)
- Mr. Jeffrey L. Ritenour, Exec. VP & CFO (Age 45)
Has Devon Energy been receiving favorable news coverage?
News coverage about DVN stock has been trending somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty 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 media sentiment score of 0.17 on Accern's scale. They also gave news coverage about the energy company an impact score of 46.95 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
Who are Devon Energy's major shareholders?
Devon Energy's stock is owned by a number of of retail and institutional 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 Lyndon C Taylor, Robert A Mosbacher Jr and Robert H Henry. View Institutional Ownership Trends for Devon Energy.
Which major investors are selling Devon Energy stock?
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.
Which major investors are buying Devon Energy stock?
DVN stock was purchased 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.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Devon Energy's stock price today?
One share of DVN stock can currently be purchased for approximately $40.58.
How big of a company is Devon Energy?
Devon Energy has a market capitalization of $21.24 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.
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 or via email at [email protected]
MarketBeat Community Rating for Devon Energy (DVN)
MarketBeat's community ratings are surveys of what our community members think about Devon Energy and other stocks. Vote "Outperform" if you believe DVN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DVN will underperform the S&P 500 over the long term. You may vote once every thirty days.
Devon Energy (NYSE:DVN) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
24 Wall Street analysts have issued ratings and price targets for Devon Energy in the last 12 months. Their average twelve-month price target is $45.1579, suggesting that the stock has a possible upside of 11.28%. The high price target for DVN is $68.00 and the low price target for DVN is $28.00. There are currently 6 hold ratings and 18 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.75 | 2.76 | 2.80 | 2.74 |
| Ratings Breakdown: | 0 Sell Rating(s)
6 Hold Rating(s)
18 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
19 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
16 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $45.1579 | $45.1579 | $47.2353 | $46.5556 |
| Price Target Upside: | 11.28% upside | 30.97% upside | 50.29% upside | 26.54% upside |
Devon Energy (NYSE:DVN) Consensus Price Target History
Devon Energy (NYSE:DVN) Analyst Ratings History
Show:
(Data available from 5/27/2016 forward)
Devon Energy (NYSE:DVN) Dividend Information
Devon Energy pays an annual dividend of $0.24 per share, with a dividend yield of 0.59%. DVN's next quarterly dividend payment will be made on Friday, June 29. Devon Energy pays out 38.10% of its earnings out as a dividend.
| Next Dividend: | 6/29/2018 |
| Annual Dividend: | $0.24 |
| Dividend Yield: | 0.59% |
| Dividend Growth: | -36.60% (3 Year Average) |
| Payout Ratio(s): | 38.10% (Trailing 12 Months of Earnings)
18.05% (Based on This Year's Estimates)
10.62% (Based on Next Year's Estimates)
5.10% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Devon Energy (NYSE:DVN) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/7/2018 | quarterly | $0.08 | 1.03392568659128% | 6/14/2018 | 6/15/2018 | 6/29/2018 |
| 11/29/2017 | quarterly | $0.06 | 0.62% | 3/14/2018 | 3/15/2018 | 3/29/2018 |
| 9/13/2017 | quarterly | $0.06 | 0.71% | 12/14/2017 | 12/15/2017 | 12/29/2017 |
| 6/7/2017 | quarterly | $0.06 | 0.76% | 9/14/2017 | 9/15/2017 | 9/29/2017 |
| 3/1/2017 | quarterly | $0.06 | 0.55% | 6/13/2017 | 6/15/2017 | 6/30/2017 |
| 11/30/2016 | quarterly | $0.06 | 0.5% | 3/13/2017 | 3/15/2017 | 3/31/2017 |
| 9/14/2016 | quarterly | $0.06 | 0.59% | 12/13/2016 | 12/15/2016 | 12/30/2016 |
| 6/8/2016 | quarterly | $0.06 | 0.64% | 9/13/2016 | 9/15/2016 | 9/30/2016 |
| 2/16/2016 | quarterly | $0.06 | 1.18% | 6/13/2016 | 6/15/2016 | 6/30/2016 |
| 12/2/2015 | quarterly | $0.24 | 2.34% | 3/11/2016 | 3/15/2016 | 3/31/2016 |
| 9/16/2015 | quarterly | $0.24 | 2.35% | 12/11/2015 | 12/15/2015 | 12/31/2015 |
| 6/3/2015 | quarterly | $0.24 | 1.52% | 9/11/2015 | 9/15/2015 | 9/30/2015 |
| 3/5/2015 | quarterly | $0.24 | 1.62% | 6/11/2015 | 6/15/2015 | 6/30/2015 |
| 12/3/2014 | quarterly | $0.24 | 1.61% | 3/11/2015 | 3/13/2015 | 3/31/2015 |
| 9/10/2014 | quarterly | $0.24 | 1.36% | 12/10/2014 | 12/12/2014 | 12/31/2014 |
| 6/4/2014 | quarterly | $0.24 | 1.28% | 9/10/2014 | 9/12/2014 | 9/30/2014 |
| 3/5/2014 | quarterly | $0.24 | 1.49% | 6/11/2014 | 6/13/2014 | 6/30/2014 |
| 12/4/2013 | quarterly | $0.22 | 1.43% | 3/12/2014 | 3/14/2014 | 3/31/2014 |
| 9/11/2013 | quarterly | $0.22 | 1.49% | 12/11/2013 | 12/13/2013 | 12/31/2013 |
| 6/5/2013 | quarterly | $0.22 | 1.58% | 9/11/2013 | 9/13/2013 | 9/30/2013 |
| 3/6/2013 | quarterly | $0.22 | 1.58% | 6/12/2013 | 6/14/2013 | 6/28/2013 |
(Data available from 1/1/2013 forward)
Devon Energy (NYSE DVN) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.55%
Institutional Ownership Percentage: 83.23%
Devon Energy (NYSE DVN) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/14/2017 | Lyndon C Taylor | EVP | Sell | 12,798 | $38.29 | $490,035.42 | 67,900 |  |
| 8/4/2017 | Robert H Henry | Director | Sell | 7,045 | $33.35 | $234,950.75 | 11,338 | |
| 4/21/2017 | Robert A Mosbacher Jr | Director | Sell | 800 | $39.18 | $31,344.00 | 23,308 | |
| 6/20/2016 | Robert H Henry | Director | Sell | 7,100 | $37.43 | $265,753.00 | 9,748 | |
| 1/6/2016 | Barbara M Baumann | Director | Buy | 8,200 | $30.44 | $249,608.00 | 21,320 | |
| 7/6/2015 | Barbara M Baumann | Director | Buy | 4,500 | $56.58 | $254,610.00 | | |
| 6/10/2015 | Robert A Mosbacher Jr | Director | Sell | 3,200 | $64.00 | $204,800.00 | | |
| 12/23/2014 | Robert H Henry | Director | Sell | 4,089 | $61.12 | $249,919.68 | | |
| 10/23/2014 | Akash Patel | Director | Buy | 25,000 | $0.17 | $4,250.00 | | |
| 10/15/2014 | John E Bethancourt | Director | Buy | 9,150 | $54.64 | $499,956.00 | | |
| 8/29/2014 | Robert A Mosbacher Jr | Director | Sell | 4,100 | $74.75 | $306,475.00 | | |
| 7/17/2014 | Frank W Rudolph | EVP | Sell | 48,493 | $78.00 | $3,782,454.00 | | |
| 7/14/2014 | Frank W Rudolph | EVP | Sell | 20,135 | $77.08 | $1,552,005.80 | | |
| 6/23/2014 | Robert A Mosbacher Jr | Director | Sell | 3,500 | $79.07 | $276,745.00 | | |
| 5/19/2014 | Frank Rudolph | EVP | Sell | 1,000 | $71.31 | $71,310.00 | 46,369 | |
| 7/18/2013 | William F Whitsitt | EVP | Sell | 2,000 | $57.00 | $114,000.00 | | |
(Data available from 1/1/2013 forward)
Devon Energy (NYSE DVN) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Devon Energy (DVN) Presents At UBS Global Oil and Gas Conference - Slideshow
seekingalpha.com - May 26 at 9:35 AM |
 | Devon Energy (DVN) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - May 25 at 10:10 AM |
 | Top 5 Upstream Revenues: Higher Realized Prices Drive Growth
finance.yahoo.com - May 24 at 4:19 PM |
| Comparing Stocks: COP, OXY, DVN, EOG, and APC
finance.yahoo.com - May 24 at 4:19 PM |
| Free Research Report as Devon Energy’s Quarterly Revenues Advanced 7.29%
finance.yahoo.com - May 24 at 9:57 AM |
| Devon Energy (DVN) to Post FY2018 Earnings of $1.20 Per Share, Piper Jaffray Companies Forecasts
www.americanbankingnews.com - May 23 at 7:24 AM |
| Q2 2018 Earnings Estimate for Devon Energy Issued By Piper Jaffray Companies (DVN)
www.americanbankingnews.com - May 22 at 7:34 AM |
 | August 17th Options Now Available For Devon Energy (DVN)
www.nasdaq.com - May 21 at 4:16 PM |
| Devon Energy (DVN) Expected to Announce Quarterly Sales of $4.00 Billion
www.americanbankingnews.com - May 19 at 2:12 AM |
| $0.29 Earnings Per Share Expected for Devon Energy (DVN) This Quarter
www.americanbankingnews.com - May 17 at 7:28 PM |
 | Oil Climbs After Another Weekly Fall in U.S. Crude Stocks
www.zacks.com - May 17 at 9:53 AM |
| Devon CEO talks oil boom
finance.yahoo.com - May 17 at 9:53 AM |
| Devon Energy (DVN) Short Interest Down 21.1% in April
www.americanbankingnews.com - May 16 at 1:08 AM |
| Devon Energy Fights Off Permian Problems
seekingalpha.com - May 15 at 10:17 AM |
| Why ConocoPhillips Stock Saw Strong Gains Last Week
finance.yahoo.com - May 14 at 4:17 PM |
| More bullish buying in the oil patch. Plus, traders bet o...
finance.yahoo.com - May 14 at 4:17 PM |
| 4 Key Messages Devon Energy Corp's CEO Has for Investors
finance.yahoo.com - May 14 at 11:04 AM |
| Caterpillar, Alphabet, Devon Energy & Qualcomm
finance.yahoo.com - May 11 at 4:25 PM |
 | Devon Energy (DVN) PT Raised to $60 at BofA/Merrill Lynch
www.streetinsider.com - May 10 at 4:18 PM |
| Call Buying Activity in Devon Energy (DVN) Adds to 'Bigger' Bullish Options Flow Over the Last Several Weeks ...
www.streetinsider.com - May 9 at 4:19 PM |
| Gauging The Economics Of Devon Energy's STACK Asset
seekingalpha.com - May 7 at 10:10 AM |
| Jim Cramer Weighs In On Paypal, Discovery And More
finance.yahoo.com - May 7 at 10:10 AM |
| Edited Transcript of DVN earnings conference call or presentation 2-May-18 3:00pm GMT
finance.yahoo.com - May 7 at 10:10 AM |
 | Stocks This Week: Apple, Devon Energy and Alphabet (Google) Are Likely To Move Up
www.forbes.com - May 6 at 12:46 PM |
| Devon Energy (DVN) Rating Increased to Hold at ValuEngine
www.americanbankingnews.com - May 5 at 2:27 PM |
| Highlights From Devon's Well-Received Q1 Report
seekingalpha.com - May 4 at 4:19 PM |
| Devon Energy’s big wells could boost Permian peers, analyst says
seekingalpha.com - May 4 at 4:19 PM |
 | Devon Energy Corp Doesn't Disappoint
www.fool.com - May 4 at 9:33 AM |
| Equities Analysts Offer Predictions for Devon Energy's Q3 2018 Earnings (DVN)
www.americanbankingnews.com - May 4 at 7:48 AM |
| Devon Energy's Outlook Is Good News for Permian Peers
finance.yahoo.com - May 3 at 4:16 PM |
| Devon Energy to Present at Citi Global Energy and Utilities Conference
finance.yahoo.com - May 3 at 4:16 PM |
| Aptiv: S&P 500’s Top Gainer on May 2
finance.yahoo.com - May 3 at 9:37 AM |
| Wednesday Sector Leaders: Energy, Materials
www.nasdaq.com - May 2 at 4:17 PM |
| Devon Energy (DVN) Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 2 at 4:17 PM |
| Devon Energy Corp Doesn't Disappoint
finance.yahoo.com - May 2 at 4:17 PM |
| Bulls bet on Devon energy, this beverage stock
finance.yahoo.com - May 2 at 4:17 PM |
| Analyzing Range Resources’ Dividend and Dividend Yield
finance.yahoo.com - May 2 at 4:17 PM |
| Devon Energy (DVN) to Repurchase $1.00 billion in Outstanding Stock
www.americanbankingnews.com - May 2 at 11:07 AM |
 | Devon Energy: 1Q Earnings Snapshot
www.cnbc.com - May 2 at 9:38 AM |
| Devon Energy beats by $0.01, misses on revenue
seekingalpha.com - May 2 at 9:38 AM |
 | Devon Energy raises 2018 production outlook, shares climb
www.reuters.com - May 2 at 9:38 AM |
| Devon Energy +2% after raising 2018 production guidance
seekingalpha.com - May 2 at 9:38 AM |
| Devon Energy Met 1Q18 Earnings Estimates but Missed on Revenues
finance.yahoo.com - May 2 at 9:38 AM |
| $3.89 Billion in Sales Expected for Devon Energy (DVN) This Quarter
www.americanbankingnews.com - May 2 at 4:32 AM |
| Devon Energy (DVN) Posts Earnings Results, Misses Expectations By $0.50 EPS
www.americanbankingnews.com - May 1 at 6:14 PM |
| What Are Analysts Saying About Devon Energy Corporation’s (NYSE:DVN) Future?
finance.yahoo.com - May 1 at 9:40 AM |
| Devon Energy (DVN) Short Interest Update
www.americanbankingnews.com - May 1 at 1:16 AM |
| What to Watch When Devon Energy Corp Reports Q1 Results
www.fool.com - April 30 at 4:10 PM |
 | What's Happening With These Oil & Gas Stocks? -- Crescent Point Energy, Devon Energy, Diamondback Energy, and Energen
www.prnewswire.com - April 30 at 10:41 AM |
| Are Hedge Funds Accumulating Devon Energy Stock?
finance.yahoo.com - April 30 at 10:41 AM |
Devon Energy (NYSE:DVN) SEC Filings
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Devon Energy (NYSE:DVN) Income Statement, Balance Sheet and Cash Flow Statement
Devon Energy (NYSE DVN) Stock Chart for Sunday, May, 27, 2018
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