Devon Energy reported Q1 2025 financial results, declared a dividend, and updated its annual outlook.
Quiver AI Summary
Devon Energy Corp. announced its financial and operational results for the first quarter of 2025, along with the declaration of its quarterly dividend and an updated outlook for the year. The company provides access to its earnings release and additional financial information through its Investor Relations website. A conference call for analysts and investors is scheduled for May 7, 2025, at 10:00 a.m. Central time. Devon Energy is a prominent U.S. oil and gas producer with a diverse portfolio and a strong focus on generating free cash flow and returning capital to shareholders while maintaining safe operations. More details can be found on their website.
Potential Positives
- Devon Energy Corp. reported financial and operational results for the first-quarter 2025, indicating the company's ongoing performance and transparency with stakeholders.
- The company declared its quarterly dividend, demonstrating a commitment to returning capital to shareholders.
- Devon Energy provided an updated outlook for 2025, which is significant for investors and analysts evaluating the company's future performance.
- Devon Energy's disciplined cash-return business model is highlighted, showcasing its focus on strong returns and sustainable operations, which may attract long-term investors.
Potential Negatives
- There are no detailed financial results provided in the press release, which may raise concerns among investors about transparency and financial performance.
- The absence of specific operational updates or performance metrics could lead to uncertainty regarding the company's current status and future prospects.
- While the company declared its quarterly dividend, there is no mention of any adjustments in capital expenditures or investment plans, which might indicate potential challenges in growth or operational stability.
FAQ
What financial results did Devon Energy report for Q1 2025?
Devon Energy reported its financial and operational results for the first quarter of 2025, details of which can be accessed on their website.
When is the Devon Energy conference call scheduled?
The conference call is scheduled for 10:00 a.m. Central time on Wednesday, May 7, 2025.
How can I access the earnings release from Devon Energy?
The earnings release and related materials are available in the Investor Relations section of Devon Energy's website at www.devonenergy.com.
What is Devon Energy's business model designed for?
Devon Energy's business model aims to achieve strong returns, generate free cash flow, and return capital to shareholders while maintaining safe operations.
What is Devon Energy known for in the energy sector?
Devon Energy is a leading oil and gas producer in the U.S. with a diversified portfolio and a strong position in the Delaware Basin.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DVN Congressional Stock Trading
Members of Congress have traded $DVN stock 5 times in the past 6 months. Of those trades, 4 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $DVN stock by members of Congress over the last 6 months:
- REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 3 times. They made 3 purchases worth up to $45,000 on 04/09, 02/12, 01/21 and 0 sales.
- REPRESENTATIVE JEFFERSON SHREVE purchased up to $50,000 on 02/24.
- REPRESENTATIVE KEVIN HERN sold up to $500,000 on 12/31.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$DVN Hedge Fund Activity
We have seen 544 institutional investors add shares of $DVN stock to their portfolio, and 622 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC added 10,991,639 shares (+4627.7%) to their portfolio in Q4 2024, for an estimated $359,756,344
- VANGUARD GROUP INC added 5,465,692 shares (+7.3%) to their portfolio in Q4 2024, for an estimated $178,892,099
- ENCAP PARTNERS GP, LLC removed 4,915,142 shares (-47.1%) from their portfolio in Q4 2024, for an estimated $160,872,597
- UBS GROUP AG added 4,715,961 shares (+127.6%) to their portfolio in Q4 2024, for an estimated $154,353,403
- D. E. SHAW & CO., INC. removed 3,873,830 shares (-63.4%) from their portfolio in Q4 2024, for an estimated $126,790,455
- FULLER & THALER ASSET MANAGEMENT, INC. added 3,114,656 shares (+42.8%) to their portfolio in Q4 2024, for an estimated $101,942,690
- MARSHALL WACE, LLP added 3,090,585 shares (+135.5%) to their portfolio in Q4 2024, for an estimated $101,154,847
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$DVN Analyst Ratings
Wall Street analysts have issued reports on $DVN in the last several months. We have seen 4 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Piper Sandler issued a "Overweight" rating on 04/23/2025
- Morgan Stanley issued a "Overweight" rating on 03/26/2025
- Citigroup issued a "Reduce" rating on 03/05/2025
- Benchmark issued a "Buy" rating on 01/14/2025
- Wolfe Research issued a "Outperform" rating on 01/02/2025
To track analyst ratings and price targets for $DVN, check out Quiver Quantitative's $DVN forecast page.
$DVN Price Targets
Multiple analysts have issued price targets for $DVN recently. We have seen 4 analysts offer price targets for $DVN in the last 6 months, with a median target of $48.5.
Here are some recent targets:
- An analyst from Piper Sandler set a target price of $54.0 on 04/22/2025
- An analyst from Raymond James set a target price of $40.0 on 04/21/2025
- Devin McDermott from Morgan Stanley set a target price of $47.0 on 03/26/2025
- An analyst from Williams Trading set a target price of $50.0 on 03/05/2025
Full Release
OKLAHOMA CITY, May 06, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first-quarter 2025. The company also declared its quarterly dividend and provided an updated 2025 outlook. Devon’s earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com .
The company’s first-quarter conference call will be held at 10:00 a.m. Central time (11:00 a.m. Eastern time) on Wednesday, May 7, 2025, and will serve primarily as a forum for analyst and investor questions and answers.
ABOUT DEVON ENERGY
Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com .
| Investor Contact | Media Contact |
| [email protected] | Michelle Hindmarch, 405-552-7460 |
| 405-228-4450 |
