Devon Energy Corp (NYSE: DVN) is -28.05% lower on its value in year-to-date trading and has touched a low of $32.56 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 $32.59 in the last trading session, with the day’s loss setting it -0.42%.
Currently trading at $32.17, the stock is -11.42% and -16.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.38 million and changing -1.29% at the moment leaves the stock -27.64% off its SMA200. DVN registered -27.37% loss for a year compared to 6-month loss of -29.14%. The firm has a 50-day simple moving average (SMA 50) of $38.6414 and a 200-day simple moving average (SMA200) of $44.7485.
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The stock witnessed a -16.38% gain in the last 1 month and extending the period to 3 months gives it a -20.31%, and is -7.37% 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 2.32% over the week and 2.42% over the month.
Devon Energy Corp (DVN) has around 1900 employees, a market worth around $21.13B and $15.14B in sales. Current P/E ratio is 5.96 and Fwd P/E is 7.10. Profit margin for the company is 22.49%. Distance from 52-week low is -1.20% and -41.11% from its 52-week high. The company has generated returns on investments over the last 12 months (14.49%).
The EPS is expected to shrink by -17.93% this year.
Devon Energy Corp (DVN) Top Institutional Holders
1568.0 institutions hold shares in Devon Energy Corp (DVN), with institutional investors hold 74.52% of the company’s shares. The shares outstanding are 658.00M, and float is at 623.94M with Short Float at 3.38%. Institutions hold 73.97% 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.
