Devon Energy Corp (NYSE: DVN) is 12.92% higher on its value in year-to-date trading and has touched a low of $30.39 and a high of $54.63 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 $36.15 in the last trading session, with the day’s gains setting it 0.81%.
Currently trading at $36.96, the stock is 5.33% and 4.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.72 million and changing 2.24% at the moment leaves the stock -6.98% off its SMA200. DVN registered -23.33% loss for a year compared to 6-month loss of -9.79%. The firm has a 50-day simple moving average (SMA 50) of $35.4696 and a 200-day simple moving average (SMA200) of $39.82385.
The stock witnessed a -1.41% gain in the last 1 month and extending the period to 3 months gives it a 18.84%, and is 5.27% 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 2.63% over the week and 3.44% over the month.
Devon Energy Corp (DVN) has around 2300 employees, a market worth around $23.99B and $15.57B in sales. Current P/E ratio is 8.08 and Fwd P/E is 7.11. Profit margin for the company is 18.57%. Distance from 52-week low is 21.62% and -32.35% from its 52-week high. The company has generated returns on investments over the last 12 months (12.45%).
The EPS is expected to shrink by -1.48% this year.
Devon Energy Corp (DVN) Top Institutional Holders
1499.0 institutions hold shares in Devon Energy Corp (DVN), with institutional investors hold 79.25% of the company’s shares. The shares outstanding are 650.70M, and float is at 615.94M with Short Float at 2.91%. Institutions hold 78.64% 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 6.6089% 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’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.
