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Devon Energy Corp. (DVN) Stock Could Soon Reward Patient Investors

Devon Energy Corp. (NYSE: DVN) is 2.44% higher on its value in year-to-date trading and has touched a low of $40.17 and a high of $54.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DVN stock was last observed hovering at around $46.52 in the last trading session, with the day’s loss setting it -0.46%.

Currently trading at $46.06, the stock is -1.50% and -4.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.19 million and changing -0.99% at the moment leaves the stock -0.50% off its SMA200. DVN registered -3.21% loss for a year compared to 6-month gain of 1.02%.

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The stock witnessed a -1.22% loss in the last 1 month and extending the period to 3 months gives it a -13.55%, and is -3.50% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.19% over the week and 2.02% over the month.

Devon Energy Corp. (DVN) has around 1900 employees, a market worth around $29.11B and $15.10B in sales. Current P/E ratio is 8.78 and Fwd P/E is 7.75. Profit margin for the company is 22.16%. Distance from 52-week low is 14.67% and -16.15% from its 52-week high. The company has generated returns on investments over the last 12 months (18.44%).

The EPS is expected to shrink by -7.32% this year.

Devon Energy Corp. (DVN) Top Institutional Holders

The shares outstanding are 635.70M, and float is at 627.23M with Short Float at 2.71%.

Devon Energy Corp. (DVN) Insider Activity

The most recent transaction is an insider sale by Cashion Tana K,the company’sEVP Human Resources and Admin. SEC filings show that Cashion Tana K sold 20,000 shares of the company’s common stock on May 07 ’24 at a price of $51.04 per share for a total of $1.02 million. Following the sale, the insider now owns 0.1 million shares.

Devon Energy Corp. disclosed in a document filed with the SEC on Mar 04 ’24 that Muncrief Richard E (President and CEO) bought a total of 15,000 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $44.42 per share for $0.67 million. Following the transaction, the insider now directly holds 1.97 million shares of the DVN stock.

Still, SEC filings show that on Aug 04 ’23, CAMERON DENNIS C (EVP and General Counsel) disposed off 7,870 shares at an average price of $51.13 for $0.4 million. The insider now directly holds 210,548 shares of Devon Energy Corp. (DVN).

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