Devon Energy Corp (NYSE: DVN) is -11.77% lower on its value in year-to-date trading and has touched a low of $37.76 and a high of $54.63 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DVN stock was last observed hovering at around $38.70 in the last trading session, with the day’s gains setting it 0.75%.
Currently trading at $39.45, the stock is 1.71% and -1.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.45 million and changing 1.94% at the moment leaves the stock -12.38% off its SMA200. DVN registered -10.34% loss for a year compared to 6-month loss of -17.38%. The firm has a 50-day simple moving average (SMA 50) of $39.937 and a 200-day simple moving average (SMA200) of $45.3006.
The stock witnessed a -0.15% gain in the last 1 month and extending the period to 3 months gives it a -12.12%, and is 2.55% up 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 2.00% over the week and 2.44% over the month.
Devon Energy Corp (DVN) has around 1900 employees, a market worth around $26.42B and $15.14B in sales. Current P/E ratio is 7.31 and Fwd P/E is 8.42. Profit margin for the company is 22.49%. Distance from 52-week low is 4.46% and -27.79% from its 52-week high. The company has generated returns on investments over the last 12 months (14.49%).
with sales reaching $4.12B over the same period.The EPS is expected to shrink by -17.09% this year, but quarterly earnings will post 2.24% year-over-year. Quarterly sales are estimated to shrink -0.65% in year-over-year returns.
Devon Energy Corp (DVN) Top Institutional Holders
1558.0 institutions hold shares in Devon Energy Corp (DVN), with institutional investors hold 74.50% of the company’s shares. The shares outstanding are 635.70M, and float is at 628.30M with Short Float at 3.02%. Institutions hold 73.95% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 75.71 million shares valued at $3.59 billion. The investor’s holdings represent 12.0362% of the DVN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 48.9 million shares valued at $2.32 billion to account for 7.7741 of the shares outstanding. The other top investors are STATE STREET CORP which holds 41.37 million shares representing 6.5774% and valued at over $1.96 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.4938 of the shares totaling 15.69 million with a market value of $741.62 million.
Devon Energy Corp (DVN) Insider Activity
The most recent transaction is an insider sale by Cashion Tana K , the company’s EVP 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.
