Should I buy or sell Devon Energy stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last twelve months. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DVN shares. View DVN analyst ratings or view top-rated stocks .

What is Devon Energy's stock price target for 2024?

15 brokerages have issued 12-month price targets for Devon Energy's shares. Their DVN share price targets range from $48.00 to $75.00. On average, they predict the company's stock price to reach $56.65 in the next twelve months. This suggests a possible upside of 33.6% from the stock's current price. View analysts price targets for DVN or view top-rated stocks among Wall Street analysts .

How have DVN shares performed in 2024?

Devon Energy's stock was trading at $45.30 at the start of the year. Since then, DVN shares have decreased by 6.4% and is now trading at $42.41. View the best growth stocks for 2024 here .

When is Devon Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024. View our DVN earnings forecast .

How can I listen to Devon Energy's earnings call?

Devon Energy will be holding an earnings conference call on Wednesday, February 28th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Devon Energy's earnings last quarter?

Devon Energy Co. (NYSE:DVN) announced its earnings results on Tuesday, August, 1st. The energy company reported $1.18 earnings per share for the quarter, hitting analysts' consensus estimates of $1.18. The energy company earned $3.45 billion during the quarter, compared to analyst estimates of $3.26 billion. Devon Energy had a trailing twelve-month return on equity of 33.97% and a net margin of 24.63%. Devon Energy's revenue was down 38.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.59 EPS. Read the conference call transcript .

How often does Devon Energy pay dividends? What is the dividend yield for Devon Energy?

Devon Energy announced a quarterly dividend on Tuesday, November 7th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.77 per share on Friday, December 29th. This represents a $3.08 annualized dividend and a yield of 7.26%. The ex-dividend date is Thursday, December 14th. This is an increase from the stock's previous quarterly dividend of $0.49. Read our dividend analysis for DVN .

Is Devon Energy a good dividend stock?

Devon Energy (NYSE:DVN) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.95%. The dividend payout ratio is 13.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DVN will have a dividend payout ratio of 14.95% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for DVN .

What ETFs hold Devon Energy's stock?

ETFs with the largest weight of Devon Energy (NYSE:DVN) stock in their portfolio include WBI Power Factor High Dividend ETF (WBIY) , iShares U.S. Oil & Gas Exploration & Production ETF (IEO) , Invesco S&P 500 Equal Weight Energy ETF (RYE) , Invesco S&P 500 Equal Weight Energy ETF (RSPG) , First Trust Nasdaq Oil & Gas ETF (FTXN) , Pacer US Cash Cows Growth ETF (BUL) , BTD Capital Fund (DIP) and AXS Astoria Inflation Sensitive ETF (PPI) .

How will Devon Energy's stock buyback program work?

Devon Energy declared that its Board of Directors has approved a share buyback program on Monday, May 2nd 2022, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

What is John Richels' approval rating as Devon Energy's CEO?

221 employees have rated Devon Energy Chief Executive Officer John Richels on Glassdoor.com . John Richels has an approval rating of 34% among the company's employees. This puts John Richels in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Devon Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Devon Energy investors own include Bank of America (BAC) , Intel (INTC) , Micron Technology (MU) , Cisco Systems (CSCO) , Pfizer (PFE) , Exxon Mobil (XOM) , Chevron (CVX) , ConocoPhillips (COP) , AT&T (T) and General Electric (GE) .

Who are Devon Energy's major shareholders?

Devon Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (1.33%), Raymond James & Associates (1.30%), Dimensional Fund Advisors LP (1.10%), Pacer Advisors Inc. (0.96%), Raymond James Financial Services Advisors Inc. (0.68%) and Smead Capital Management Inc. (0.59%). Insiders that own company stock include Ann G Fox , Clay M Gaspar , Dennis C Cameron , Felix Investments Holdings Ii,, Jeffrey L Ritenour , Jeremy D Humphers , John E Bethancourt , Kelt Kindick , Richard E Muncrief and Tana K Cashion . View institutional ownership trends .

How do I buy shares of Devon Energy?

Shares of DVN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Devon Energy have any subsidiaries?

The following companies are subsidiares of Devon Energy: Anderson Exploration, Bleu Falcon Holdings Inc., Chief Oil & Gas LLC, Devon Canada Corporation, Devon Energy Corporation, Devon Energy International L.L.C., Devon Energy Production Company L.P., Devon Financing Company L.L.C., Devon Gas Co. L.L.C., Devon Gas Services L.P., Devon Headquarters L.L.C., Devon OEI Holdings L.L.C., Devon OEI Operating L.L.C., Felix Energy LLC, Hondo Oil & Gas Co, Kerr McGee, Mitchell Energy & Development Corp, Northstar Energy Corp, Ocean Energy Inc, PennzEnergy Company, Santa Fe Snyder Corp., and WPX Energy. Read More

Followed 114 TimesTop Followed Most-Downgraded StocksMost-Downgraded

NYSE:DVN

Devon Energy (DVN) Stock Price, News & Analysis

$42.41

+1.10 (+2.66%)

(As of 02/8/2024 ET)

Compare

Today's Range: $41.31
▼
$42.49
50-Day Range: $40.69
▼
$46.81
52-Week Range: $40.47
▼
$64.40

Volume: 11.07 million shs
Average Volume: 8.40 million shs
Market Capitalization: $27.17 billion

P/E Ratio: 7.25
Dividend Yield: 1.89%
Price Target: $56.65

Get Devon Energy alerts:

Devon Energy MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 33.6% Upside
$56.65 Price Target
Short Interest: Healthy
2.21% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -6.69
Upright™ Environmental Score
News Sentiment: 0.95
Based on 16 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -5.64%
From $5.67 to $5.35 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.92 out of 5 stars

Oils/Energy Sector

9th out of 237 stocks

Crude Petroleum & Natural Gas Industry

4th out of 77 stocks

4.4

Analyst's Opinion

Consensus Rating
Devon Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 11 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $56.65, Devon Energy has a forecasted upside of 33.6% from its current price of $42.41.
Amount of Analyst Coverage
Devon Energy has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.21% of the float of Devon Energy has been sold short.
Short Interest Ratio / Days to Cover
Devon Energy has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Devon Energy has recently increased by 1.52%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Devon Energy pays a meaningful dividend of 1.95%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Devon Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Devon Energy is 13.68%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Devon Energy will have a dividend payout ratio of 14.95% next year. This indicates that Devon Energy will be able to sustain or increase its dividend.

0.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Devon Energy has received a -62.19% net impact score from Upright. The largest negative impact of Devon Energy in category "GHG emissions" seems to be driven mostly by its "Refined oil", "Refined natural gas", "Natural gas exploration services", and "Hydrocarbon gas liquids" products. See details.
Environmental Sustainability
The Environmental Impact score for Devon Energy is -6.69.

3.9

News and Social Media Coverage

News Sentiment
Devon Energy has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 16 news articles for Devon Energy this week, compared to 12 articles on an average week.
Search Interest
202 people have searched for DVN on MarketBeat in the last 30 days. This is an increase of 13% compared to the previous 30 days.
MarketBeat Follows
114 people have added Devon Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Devon Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.63% of the stock of Devon Energy is held by insiders.
Percentage Held by Institutions
68.34% of the stock of Devon Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Devon Energy are expected to decrease by -5.64% in the coming year, from $5.67 to $5.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Devon Energy is 7.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Devon Energy is 7.25, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.15.
Price to Earnings Growth Ratio
Devon Energy has a PEG Ratio of 0.15. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Devon Energy has a P/B Ratio of 2.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Devon Energy Stock (NYSE:DVN)

Devon Energy Corporation is an independent oil and gas company headquartered in Oklahoma City, Oklahoma. The company was incorporated in 1971 by John Nichols and his son J. Larry Nichols and later went public in August 2000. The company has since grown to be included in the S&P 500 and is one of the first energy companies to introduce resolutions requiring the company to monitor its impact on global warming. One time a major player in the global oil market, Devon has since sold off its offshore holdings in an effort to focus on US production and its transition to a lower-carbon future.

Devon Energy merged with WPX in early 2021 in an all-stock merger of equals. The new company is primarily engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids in the US midwest. The company operates more than 5,100 wells in Oklahoma’s Delaware Basis, Eagle Ford Group, and the two locations in the Rocky Mountains. As of late 2022, the company laid claim to 1.625 million barrels of reserves including 44% petroleum, 27% natural gas liquids, and 29% natural gas. Daily production was running in the range of 300,000 BPD in petroleum liquids, 125,000 BPD in natural gas liquids, and 920 million cubic feet of natural gas.

Rick Muncrief, formally CEO of WPX, is now the head of Devon Energy. Mr. Muncrief comes to the table with more than 40 years of experience including 27 years with one of the US Big Three Oil Companies. WPX Energy (Williams Production and Exploration) brought properties in the Williston and Permian Basins to the combined company. Its proven reserves were roughly 527 million barrels of oil and equivalents. The company also owns and operates a midstream network of pipelines and storage facilities it uses to market and deliver its products.

Devon Energy Corporation has pledged to reduce its GHG impact to net zero by 2050. This will be done by a variety of methods that include improving efficiency and leakage, a reduction in flaring, and the electrification of its operations. Near-term goals include a 50% reduction in GHG by 2030 including a 65% reduction in methane release and a 100% reduction in flaring. The company is also focused on reducing its environmental impact by relying on recycled water wherever possible and plans to reduce freshwater usage by 90% in the most active areas. Total greenhouse gas emissions have been in decline since 2018 and fell 17% between 2018 and 2020 alone.

DVN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DVN Stock News Headlines

January 26, 2024 | marketbeat.com

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For value investors that like to buy low and bank big dividend yields, these 3 underperforming large caps are worth a look.

January 17, 2024 | marketbeat.com

3 downgraded names you can buy into (DVN)

Analysts trimmed their targets for these stocks but are still rated at Moderate Buy with significant upside potential for investors this year.

February 8, 2024 | Legacy Research (Ad)

New Cash Law Will Be Disaster for Savers

New law has expert warning seniors and retirees to beware. There's a darker truth behind this financial bombshell...

February 8, 2024 | in.investing.com

Devon and Enerplus deal very likely in the works, $3.5B-$3.7B transaction makes sense - Stifel

February 8, 2024 | msn.com

Devon Energy offers to buy Enerplus: report

February 8, 2024 | finance.yahoo.com

Exclusive-Shale producer Devon Energy in bid to acquire Enerplus -sources

February 8, 2024 | finance.yahoo.com

Devon Energy in Talks to Buy Enerplus, Reuters Says

February 5, 2024 | finance.yahoo.com

Devon Energy (DVN) Dips More Than Broader Market: What You Should Know

February 8, 2024 | DTI (Ad)

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February 5, 2024 | seekingalpha.com

Devon Energy: Fears Have Likely Peaked, Time To Turn Bullish (Upgrade)

February 5, 2024 | ca.finance.yahoo.com

DVN Feb 2024 36.000 put

February 4, 2024 | seekingalpha.com

Devon Energy: Accumulating The Dip

February 4, 2024 | seekingalpha.com

Devon Energy: Accumulating The Dip

February 1, 2024 | markets.businessinsider.com

Cramer Hypes Up This 'Classic Stock,' Disagrees With Billionaire CEO's 'Dire' View

January 31, 2024 | finance.yahoo.com

Is It Worth Investing in Devon Energy (DVN) Based on Wall Street's Bullish Views?

January 30, 2024 | americanbankingnews.com

Devon Energy Co. (NYSE:DVN) Receives Consensus Recommendation of "Moderate Buy" from Analysts

January 29, 2024 | finance.yahoo.com

Devon Energy (DVN) Increases Yet Falls Behind Market: What Investors Need to Know

January 29, 2024 | markets.businessinsider.com

Devon Energy Hold Rating Maintained with Adjusted Price Target and Q4 Projections

January 29, 2024 | realmoney.thestreet.com

Devon Energy price target lowered by $2 at Wells Fargo, here's why

January 27, 2024 | fool.com

2 Ultra-High-Yield Dividend Stocks Down 47% or More to Buy Hand Over Fist Right Now

January 26, 2024 | finance.yahoo.com

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January 26, 2024 | finance.yahoo.com

Company News for Jan 26, 2024

January 25, 2024 | finance.yahoo.com

Morgan Stanley is Recommending These 13 Stocks for 2024

January 24, 2024 | finance.yahoo.com

Devon Energy's Chief Accounting Officer Humphers to Retire

January 23, 2024 | finance.yahoo.com

Devon Energy Announces Chief Accounting Officer Retirement and Officer Appointment

January 23, 2024 | finance.yahoo.com

Devon Energy (DVN) Stock Moves 0.29%: What You Should Know

January 21, 2024 | fool.com

These 3 Great Value Stocks Are Set to Soar in 2024 and Beyond

See More Headlines

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Company Calendar

Last Earnings: 8/01/2023
Ex-Dividend for 12/29 Dividend: 12/14/2023
Dividend Payable: 12/29/2023
Today: 2/08/2024
Next Earnings (Confirmed): 2/27/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Crude petroleum & natural gas
Sub-Industry: Oil & Gas Exploration & Production
Current Symbol: NYSE:DVN
CUSIP: 25179M10
CIK: 1090012
Web: www.devonenergy.com
Phone: (405) 235-3611
Fax: 405-552-4550
Employees: 1,800
Year Founded: 1971

Price Target and Rating

Average Stock Price Target: $56.65
High Stock Price Target: $75.00
Low Stock Price Target: $48.00
Potential Upside/Downside: +33.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.73
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.85
Trailing P/E Ratio: 7.24
Forward P/E Ratio: 7.47
P/E Growth: 0.15
Net Income: $6.02 billion
Net Margins: 24.63%
Pretax Margin: 30.79%
Return on Equity: 33.97%
Return on Assets: 16.26%

Debt

Debt-to-Equity Ratio: 0.48
Current Ratio: 0.96
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $19.17 billion
Price / Sales: 1.42
Cash Flow: $12.10 per share
Price / Cash Flow: 3.50
Book Value: $17.28 per share
Price / Book: 2.45

Miscellaneous

Outstanding Shares: 640,700,000
Free Float: 636,664,000
Market Cap: $27.13 billion
Optionable: Optionable
Beta: 2.20

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Key Executives

Mr. Richard E. Muncrief (Age 65)
President, CEO & Director
Comp: $4.12M
Mr. Jeffrey L. Ritenour (Age 51)
Executive VP & CFO
Comp: $1.85M
Mr. Clay M. Gaspar (Age 52)
Executive VP & COO
Comp: $1.98M
Mr. Dennis C. Cameron (Age 61)
Executive VP & General Counsel
Comp: $1.35M
Mr. David Gerard Harris (Age 50)
Executive VP & Chief Corporate Development Officer
Comp: $1.82M
Mr. J. Larry Nichols (Age 82)
Co-Founder & Chairman Emeritus
Comp: $155.18k
Mr. Jeremy D. Humphers (Age 50)
Senior VP & Chief Accounting Officer
Ms. Alana Tetrick (Age 42)
VP of Corporate Finance & Treasurer
Mr. Trey Lowe
VP & CTO
Ms. Tana K. Cashion (Age 53)
Executive Vice President of Human Resources & Administration
Comp: $2.83M

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Devon Energy Stock? DVN Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Devon Energy was last updated on Tuesday, February 6, 2024 at 8:29 PM.

Pros

Here are some ways that investors could benefit from investing in Devon Energy Co.:

Devon Energy Corporation is an independent energy company that explores for, develops, and produces oil, natural gas, and natural gas liquids.
Devon Energy Co. has a strong presence in various regions, including the Delaware Basin, STACK, Anadarko, Williston, Eagle Ford, and Powder River Basin.
Recent developments and advancements in technology have allowed Devon Energy Co. to enhance its exploration and production capabilities.
Devon Energy Co. has a long history, being incorporated in 1971, which demonstrates its stability and experience in the industry.
Investing in Devon Energy Co. provides exposure to the potential growth and profitability of the oil and gas sector.

Cons

Investors should be bearish about investing in Devon Energy Co. for these reasons:

Fluctuations in oil and gas prices can significantly impact the financial performance of Devon Energy Co.
The energy industry is subject to various regulatory and environmental risks, which can affect Devon Energy Co.'s operations and profitability.
Devon Energy Co. operates in a highly competitive market, which may limit its market share and pricing power.
Investing in the oil and gas sector involves inherent risks, including geopolitical uncertainties and supply-demand dynamics.
The current stock price of Devon Energy Co. should be considered as a factor in investment decisions.

DVN Stock Analysis - Frequently Asked Questions

Should I buy or sell Devon Energy stock right now?: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Devon Energy in the last twelve months. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DVN shares.
View DVN analyst ratings or view top-rated stocks.
What is Devon Energy's stock price target for 2024?: 15 brokerages have issued 12-month price targets for Devon Energy's shares. Their DVN share price targets range from $48.00 to $75.00. On average, they predict the company's stock price to reach $56.65 in the next twelve months. This suggests a possible upside of 33.6% from the stock's current price.
View analysts price targets for DVN or view top-rated stocks among Wall Street analysts.
How have DVN shares performed in 2024?: Devon Energy's stock was trading at $45.30 at the start of the year. Since then, DVN shares have decreased by 6.4% and is now trading at $42.41.
View the best growth stocks for 2024 here.
When is Devon Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our DVN earnings forecast.
How can I listen to Devon Energy's earnings call?: Devon Energy will be holding an earnings conference call on Wednesday, February 28th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Devon Energy's earnings last quarter?: Devon Energy Co. (NYSE:DVN) announced its earnings results on Tuesday, August, 1st. The energy company reported $1.18 earnings per share for the quarter, hitting analysts' consensus estimates of $1.18. The energy company earned $3.45 billion during the quarter, compared to analyst estimates of $3.26 billion. Devon Energy had a trailing twelve-month return on equity of 33.97% and a net margin of 24.63%. Devon Energy's revenue was down 38.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.59 EPS.
Read the conference call transcript.
How often does Devon Energy pay dividends? What is the dividend yield for Devon Energy?: Devon Energy announced a quarterly dividend on Tuesday, November 7th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.77 per share on Friday, December 29th. This represents a $3.08 annualized dividend and a yield of 7.26%. The ex-dividend date is Thursday, December 14th. This is an increase from the stock's previous quarterly dividend of $0.49.
Read our dividend analysis for DVN.
Is Devon Energy a good dividend stock?: Devon Energy (NYSE:DVN) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.95%. The dividend payout ratio is 13.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DVN will have a dividend payout ratio of 14.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DVN.

What ETFs hold Devon Energy's stock?: ETFs with the largest weight of Devon Energy (NYSE:DVN) stock in their portfolio include WBI Power Factor High Dividend ETF (WBIY), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Invesco S&P 500 Equal Weight Energy ETF (RYE), Invesco S&P 500 Equal Weight Energy ETF (RSPG), First Trust Nasdaq Oil & Gas ETF (FTXN), Pacer US Cash Cows Growth ETF (BUL), BTD Capital Fund (DIP) and AXS Astoria Inflation Sensitive ETF (PPI).
How will Devon Energy's stock buyback program work?: Devon Energy declared that its Board of Directors has approved a share buyback program on Monday, May 2nd 2022, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.
What is John Richels' approval rating as Devon Energy's CEO?: 221 employees have rated Devon Energy Chief Executive Officer John Richels on Glassdoor.com. John Richels has an approval rating of 34% among the company's employees. This puts John Richels in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Devon Energy own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Devon Energy investors own include Bank of America (BAC), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), Pfizer (PFE), Exxon Mobil (XOM), Chevron (CVX), ConocoPhillips (COP), AT&T (T) and General Electric (GE).
Who are Devon Energy's major shareholders?: Devon Energy's stock is owned by a number of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (1.33%), Raymond James & Associates (1.30%), Dimensional Fund Advisors LP (1.10%), Pacer Advisors Inc. (0.96%), Raymond James Financial Services Advisors Inc. (0.68%) and Smead Capital Management Inc. (0.59%). Insiders that own company stock include Ann G Fox, Clay M Gaspar, Dennis C Cameron, Felix Investments Holdings Ii,, Jeffrey L Ritenour, Jeremy D Humphers, John E Bethancourt, Kelt Kindick, Richard E Muncrief and Tana K Cashion.
View institutional ownership trends.
How do I buy shares of Devon Energy?: Shares of DVN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Devon Energy have any subsidiaries?: The following companies are subsidiares of Devon Energy: Anderson Exploration, Bleu Falcon Holdings Inc., Chief Oil & Gas LLC, Devon Canada Corporation, Devon Energy Corporation, Devon Energy International L.L.C., Devon Energy Production Company L.P., Devon Financing Company L.L.C., Devon Gas Co. L.L.C., Devon Gas Services L.P., Devon Headquarters L.L.C., Devon OEI Holdings L.L.C., Devon OEI Operating L.L.C., Felix Energy LLC, Hondo Oil & Gas Co, Kerr McGee, Mitchell Energy & Development Corp, Northstar Energy Corp, Ocean Energy Inc, PennzEnergy Company, Santa Fe Snyder Corp., and WPX Energy.
Read More

This page (NYSE:DVN) was last updated on 2/8/2024 by MarketBeat.com Staff

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