In the last trading session, 16.16 million shares of the Devon Energy Corp (NYSE:DVN) were traded, and its beta was 1.10. Most recently the company’s share price was $34.92, and it changed around $2.24 or 6.85% from the last close, which brings the market valuation of the company to $22.42B. DVN currently trades at a discount to its 52-week high of $49.07, offering almost -40.52% off that amount. The share price’s 52-week low was $25.89, which indicates that the current value has risen by an impressive 25.86% since then. We note from Devon Energy Corp’s average daily trading volume that its 10-day average is 7.41 million shares, with the 3-month average coming to 8.86 million.
Devon Energy Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.69. If we narrow it down even further, the data shows that 0 out of 28 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 9 recommended DVN as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight.
Devon Energy Corp (NYSE:DVN) trade information
Instantly DVN has showed a green trend with a performance of 6.85% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 35.19 on recent trading dayincreased the stock’s daily price by 0.77%. The company’s shares are currently down -27.02% year-to-date, but still up 9.78% over the last five days. On the other hand, Devon Energy Corp (NYSE:DVN) is 11.14% up in the 30-day period. We can see from the shorts that 16.83 million shares have been sold at a short interest cover period of 2.19 day(s).
The consensus price target as assigned by Wall Street analysts is $48.5, which translates to bulls needing to increase their stock price by 28.0% from its current value. Analyst projections state that DVN is forecast to be at a low of $40 and a high of $54.
Devon Energy Corp earnings are expected to increase by -17.40% in 2025, but the outlook is positive 4.66% per year for the next five years.
DVN Dividends
Devon Energy Corp’s next quarterly earnings report is expected to be released on 2025-May-06. The annual dividend yield of the stock is 2.63 percent and its annual dividend per share was 0.92. It is important to note, however, that the 2.63% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 5.18 per year.
Devon Energy Corp (NYSE:DVN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.82% of Devon Energy Corp shares, and 77.63% of them are in the hands of institutional investors. The stock currently has a share float of 78.27%. Devon Energy Corp stock is held by 1515.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 12.0939% of the shares, which is about 75.71 million shares worth $3.59 billion.
BLACKROCK INC., with 7.8114% or 48.9 million shares worth $2.32 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
