Fintel reports that on January 15, 2025, Bernstein upgraded their outlook for Devon Energy (NYSE:DVN) from Market Perform to Outperform.
Analyst Price Forecast Suggests 33.34% Upside
As of December 23, 2024, the average one-year price target for Devon Energy is $51.25/share. The forecasts range from a low of $43.43 to a high of $67.20. The average price target represents an increase of 33.34% from its latest reported closing price of $38.44 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Devon Energy is 15,902MM, an increase of 9.45%. The projected annual non-GAAP EPS is 6.44.
What is the Fund Sentiment?
There are 2,029 funds or institutions reporting positions in Devon Energy. This is an decrease of 7 owner(s) or 0.34% in the last quarter. Average portfolio weight of all funds dedicated to DVN is 0.28%, an increase of 2.95%. Total shares owned by institutions increased in the last three months by 8.56% to 570,744K shares. 
The put/call ratio of DVN is 0.90, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 19,822K shares representing 3.02% ownership of the company. In its prior filing, the firm reported owning 19,969K shares , representing a decrease of 0.74%. The firm decreased its portfolio allocation in DVN by 23.05% over the last quarter.
XLE - The Energy Select Sector SPDR Fund holds 16,687K shares representing 2.54% ownership of the company. In its prior filing, the firm reported owning 17,496K shares , representing a decrease of 4.85%. The firm decreased its portfolio allocation in DVN by 15.95% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 16,401K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 16,220K shares , representing an increase of 1.11%. The firm decreased its portfolio allocation in DVN by 23.20% over the last quarter.
Geode Capital Management holds 15,893K shares representing 2.42% ownership of the company. In its prior filing, the firm reported owning 15,686K shares , representing an increase of 1.30%. The firm decreased its portfolio allocation in DVN by 59.61% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 13,260K shares representing 2.02% ownership of the company. In its prior filing, the firm reported owning 13,538K shares , representing a decrease of 2.10%. The firm decreased its portfolio allocation in DVN by 25.64% over the last quarter.
Devon Energy Background Information
(This description is provided by the company.)
Devon Energy Corporation is an American energy company engaged in hydrocarbon exploration in the American market. It is organized in Delaware and its corporate operative headquarters are in the 50-story Devon Energy Center in Oklahoma City, Oklahoma.
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