Devon Energy Stock Today
| DVN Stock | USD 39.45 0.75 1.94% |
Performance0 of 100
| Odds Of DistressLess than 1
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Devon Energy is selling at 39.45 as of the 23rd of November 2024; that is 1.94% increase since the beginning of the trading day. The stock's open price was 38.7. Devon Energy has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Note, on July 15, 2024, Representative Kevin Hern of US Congress acquired under $15k worth of Devon Energy's common stock.
Business Domain Energy | IPO Date 17th of March 1992 |
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. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma. The company has 656.9 M outstanding shares of which 18.94 M shares are currently shorted by investors with about 2.27 days to cover. More on Devon Energy
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Devon Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Richard Muncrief | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [Devine Limited, Vietnam Pharmaceutical Corp] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, NYSE Composite, NYSE 100 Index, SP 500 Index, ARCA Natural Gas, SP OIL GAS, Dow Jones Oil, Power Assets, Petroleum and Natural Gas, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsDevon Energy can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Devon Energy's financial leverage. It provides some insight into what part of Devon Energy's total assets is financed by creditors.
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Devon Energy (DVN) is traded on New York Stock Exchange in USA. It is located in 333 West Sheridan Avenue, Oklahoma City, OK, United States, 73102-5015 and employs 1,900 people. Devon Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 25.91 B. Devon Energy runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 656.9 M outstanding shares of which 18.94 M shares are currently shorted by investors with about 2.27 days to cover.
Devon Energy has about 1.45 B in cash with 6.54 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.78.
Check Devon Energy Probability Of Bankruptcy
Ownership AllocationDevon Energy holds a total of 656.9 Million outstanding shares. The majority of Devon Energy outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Devon Energy to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Devon Energy. Please pay attention to any change in the institutional holdings of Devon Energy as this could imply that something significant has changed or is about to change at the company. Please note that on July 15, 2024, Representative Kevin Hern of US Congress acquired under $15k worth of Devon Energy's common stock.
Check Devon Ownership Details
Devon Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Northern Trust Corp | 2024-09-30 | 6.1 M | |
| Raymond James & Associates | 2024-09-30 | 6 M | |
| Smead Capital Management Inc | 2024-09-30 | 5.9 M | |
| Goldman Sachs Group Inc | 2024-06-30 | 5.7 M | |
| D. E. Shaw & Co Lp | 2024-06-30 | 5.3 M | |
| Thrivent Financial For Lutherans | 2024-09-30 | 5.1 M | |
| Bank Of America Corp | 2024-06-30 | 5 M | |
| Legal & General Group Plc | 2024-06-30 | 4.7 M | |
| Bank Of New York Mellon Corp | 2024-06-30 | 4.7 M | |
| Vanguard Group Inc | 2024-09-30 | 75.2 M | |
| Blackrock Inc | 2024-06-30 | 48.9 M |
Devon Energy Historical Income Statement
Devon Stock Against Markets
Devon Energy Corporate Directors
| Robert Mosbacher | Lead Independent Director | Profile | |
| Karl Kurz | Independent Director | Profile | |
| Mary Ricciardello | Independent Director | Profile | |
| Barbara Baumann | Independent Director | Profile |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Devon Energy. If investors know Devon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Devon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.09) | Dividend Share 2 | Earnings Share 5.4 | Revenue Per Share 23.117 | Quarterly Revenue Growth (0.10) |
The market value of Devon Energy is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.