During the last session, Devon Energy Corp (NYSE:DVN)’s traded shares were 6.97 million, with the beta value of the company hitting 1.07. At the end of the trading day, the stock’s price was $30.86, reflecting an intraday loss of -1.56% or -$0.49. The 52-week high for the DVN share is $49.07, that puts it down -59.01 from that peak though still a striking 16.1% gain since the share price plummeted to a 52-week low of $25.89. The company’s market capitalization is $19.82B, and the average trade volume was 9.48 million shares over the past three months.
Devon Energy Corp (DVN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.71. DVN has a Sell rating from 0 analyst(s) out of 18 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 13 recommend a Buy rating for it.
Devon Energy Corp (NYSE:DVN) trade information
Devon Energy Corp (DVN) registered a -1.56% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.56% in intraday trading to $30.86, hitting a weekly high. The stock’s 5-day price performance is -4.07%, and it has moved by -2.19% in 30 days. Based on these gigs, the overall price performance for the year is -35.48%.
The consensus price target of analysts on Wall Street is $48.5, which implies an increase of 36.37% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $40 and $54 respectively. As a result, DVN is trading at a discount of -74.98% off the target high and -29.62% off the low. While earnings are projected to return -19.81% in 2025, the next five years will return 4.27% per annum.
DVN Dividends
Devon Energy Corp is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Devon Energy Corp is 0.90, with the dividend yield indicating at 2.91 percent, continuing the trend of increasing dividends in recent years.
Devon Energy Corp (NYSE:DVN)’s Major holders
The next largest institutional holding, with 48.9 million shares, is of BLACKROCK INC.’s that is approximately 7.8114% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.32 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Devon Energy Corp (DVN) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 20.56 shares. This amounts to just over 3.20 percent of the company’s overall shares, with a $634.61 million market value. The same data shows that the other fund manager holds slightly less at 17.78, or about 2.77% of the stock, which is worth about $548.77 million.
