NYSE:DVN - Devon Energy Stock Price, Forecast & News

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

Devon Energy announced a quarterly dividend on Tuesday, February 18th. Investors of record on Monday, June 15th will be given a dividend of $0.11 per share on Tuesday, June 30th. This represents a $0.44 annualized dividend and a yield of 2.52%. The ex-dividend date is Friday, June 12th. This is a boost from Devon Energy's previous quarterly dividend of $0.09. View Devon Energy's Dividend History.

Devon Energy declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 6th 2018, which permits the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 14.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Devon Energy Corp (NYSE:DVN) posted its quarterly earnings data on Tuesday, February, 18th. The energy company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The energy company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.83 billion. Devon Energy had a negative net margin of 5.18% and a positive return on equity of 8.33%. During the same quarter in the prior year, the business posted $0.10 EPS. View Devon Energy's Earnings History.

Devon Energy is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Devon Energy.

18 brokerages have issued 12 month target prices for Devon Energy's stock. Their forecasts range from $25.50 to $42.00. On average, they expect Devon Energy's stock price to reach $33.34 in the next twelve months. This suggests a possible upside of 90.8% from the stock's current price. View Analyst Price Targets for Devon Energy.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last year. There are currently 1 sell rating, 5 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Devon Energy.

News articles about DVN stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Devon Energy earned a news sentiment score of -3.7 on InfoTrie's scale. They also assigned news stories about the energy company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Devon Energy.

Devon Energy saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 15,860,000 shares, a drop of 11.9% from the January 15th total of 18,010,000 shares. Based on an average trading volume of 6,470,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 4.2% of the company's shares are sold short. View Devon Energy's Current Options Chain.

Some companies that are related to Devon Energy include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Diamondback Energy (FANG), Apache (APA), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil (MRO), Cabot Oil & Gas (COG), WPX Energy (WPX), Cimarex Energy (XEC), Kosmos Energy (KOS), Matador Resources (MTDR) and EQT (EQT).

Based on aggregate information from My MarketBeat watchlists, some companies that other Devon Energy investors own include Bank of America (BAC), ConocoPhillips (COP), Micron Technology (MU), Exxon Mobil (XOM), Chevron (CVX), Alibaba Group (BABA), Cisco Systems (CSCO), Gilead Sciences (GILD), AT&T (T) and Chesapeake Energy (CHK).

Devon Energy's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (5.65%), Victory Capital Management Inc. (2.23%), Victory Capital Management Inc. (2.21%), FMR LLC (1.83%), Renaissance Technologies LLC (1.82%) and Geode Capital Management LLC (1.68%). Company insiders that own Devon Energy stock include Jeremy D Humphers, John E Bethancourt, Lyndon C Taylor and Robert H Henry. View Institutional Ownership Trends for Devon Energy.

DVN stock was sold by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Man Group plc, FMR LLC, National Pension Service, Connor Clark & Lunn Investment Management Ltd., Alliancebernstein L.P., AQR Capital Management LLC and Caymus Capital Partners L.P.. View Insider Buying and Selling for Devon Energy.

DVN stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Bank of New York Mellon Corp, Victory Capital Management Inc., Victory Capital Management Inc., MUFG Securities EMEA plc, Alyeska Investment Group L.P., Artisan Partners Limited Partnership and LSV Asset Management. Company insiders that have bought Devon Energy stock in the last two years include John E Bethancourt and Robert H Henry. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of DVN stock can currently be purchased for approximately $17.48.

Devon Energy has a market capitalization of $6.69 billion and generates $6.22 billion in revenue each year. The energy company earns $-355,000,000.00 in net income (profit) each year or $1.38 on an earnings per share basis. Devon Energy employs 1,800 workers across the globe.View Additional Information About Devon Energy.

The official website for Devon Energy is http://www.devonenergy.com/.

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]