Recent Research Analysts’ Ratings Changes for Devon Energy (DVN)

A number of research firms have changed their ratings and price targets for Devon Energy (NYSE: DVN):

  • 1/3/2025 – Devon Energy was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $45.00 price target on the stock.
  • 1/3/2025 – Devon Energy was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 12/25/2024 – Devon Energy was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 12/17/2024 – Devon Energy had its price target lowered by analysts at Piper Sandler from $57.00 to $53.00. They now have an “overweight” rating on the stock.
  • 12/17/2024 – Devon Energy had its price target lowered by analysts at Wells Fargo & Company from $49.00 to $43.00. They now have an “overweight” rating on the stock.
  • 12/16/2024 – Devon Energy had its price target lowered by analysts at Mizuho from $51.00 to $47.00. They now have an “outperform” rating on the stock.
  • 12/16/2024 – Devon Energy was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 12/5/2024 – Devon Energy was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $43.00 price target on the stock.
  • 11/26/2024 – Devon Energy had its price target lowered by analysts at Citigroup Inc. from $55.00 to $48.00. They now have a “buy” rating on the stock.
  • 11/18/2024 – Devon Energy had its price target raised by analysts at Piper Sandler from $56.00 to $57.00. They now have an “overweight” rating on the stock.

Devon Energy Price Performance

Shares of NYSE DVN traded up $0.88 during midday trading on Tuesday, hitting $34.63. The stock had a trading volume of 1,380,464 shares, compared to its average volume of 8,089,440. The company has a market capitalization of $22.75 billion, a PE ratio of 6.42, a P/E/G ratio of 1.10 and a beta of 2.00. The stock has a 50 day simple moving average of $35.87 and a 200-day simple moving average of $40.89. Devon Energy Co. has a 1 year low of $30.39 and a 1 year high of $55.09. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61.

Devon Energy (NYSE:DVNGet Free Report) last released its earnings results on Tuesday, November 5th. The energy company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.01. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the business posted $1.65 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts expect that Devon Energy Co. will post 4.79 EPS for the current fiscal year.

Devon Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.88 annualized dividend and a dividend yield of 2.54%. Devon Energy’s dividend payout ratio is currently 16.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Devon Energy during the third quarter worth $35,000. Future Financial Wealth Managment LLC purchased a new position in Devon Energy in the third quarter valued at $39,000. True Wealth Design LLC boosted its holdings in Devon Energy by 3,889.3% in the third quarter. True Wealth Design LLC now owns 1,117 shares of the energy company’s stock valued at $44,000 after purchasing an additional 1,089 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in Devon Energy by 29.8% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company’s stock valued at $49,000 after purchasing an additional 290 shares during the period. Finally, Activest Wealth Management boosted its holdings in Devon Energy by 60.4% in the third quarter. Activest Wealth Management now owns 1,275 shares of the energy company’s stock valued at $50,000 after purchasing an additional 480 shares during the period. 69.72% of the stock is currently owned by hedge funds and other institutional investors.

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

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