Devon Energy Corp. (NYSE:DVN) announced a quarterly dividend on Wednesday, November 30th. Investors of record on Wednesday, March 15th will be paid a dividend of 0.06 per share by the energy company on Friday, March 31st. This represents a $0.24 annualized dividend and a yield of 0.50%.

Shares of Devon Energy Corp. (NYSE:DVN) opened at 48.33 on Thursday. The stock’s market cap is $25.31 billion. Devon Energy Corp. has a one year low of $18.07 and a one year high of $48.71. The company has a 50-day moving average of $42.42 and a 200 day moving average of $40.12.

Dividend History for Devon Energy Corp. (NYSE:DVN)

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Several large investors have recently modified their holdings of DVN. Point72 Asia Hong Kong Ltd boosted its stake in shares of Devon Energy Corp. by 91.7% in the second quarter. Point72 Asia Hong Kong Ltd now owns 4,600 shares of the energy company’s stock worth $167,000 after buying an additional 2,200 shares during the period. SevenBridge Financial Group LLC acquired a new stake in shares of Devon Energy Corp. during the second quarter worth approximately $179,000. First Allied Advisory Services Inc. acquired a new stake in shares of Devon Energy Corp. during the second quarter worth approximately $201,000. Cetera Advisor Networks LLC acquired a new stake in shares of Devon Energy Corp. during the third quarter worth approximately $221,000. Finally, Advisor Partners LLC acquired a new stake in shares of Devon Energy Corp. during the second quarter worth approximately $260,000. Institutional investors and hedge funds own 76.35% of the company’s stock.

DVN has been the subject of several research reports. Argus boosted their price objective on shares of Devon Energy Corp. from $51.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, August 23rd. Bank of America Corp. reaffirmed a “buy” rating and issued a $60.00 price target (up previously from $56.00) on shares of Devon Energy Corp. in a research report on Tuesday, August 16th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $46.00 price target on shares of Devon Energy Corp. in a research report on Wednesday, August 3rd. RBC Capital Markets set a $45.00 price target on shares of Devon Energy Corp. and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Finally, Morgan Stanley set a $54.00 price target on shares of Devon Energy Corp. and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $42.21.

About Devon Energy Corp.

Devon Energy Corporation (Devon) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company’s operations are concentrated in various North American onshore areas in the United States and Canada. The Company also produces over 1.6 billion cubic feet of natural gas a day and approximately 135 thousand barrels of NGLs per day.

5 Day Chart for NYSE:DVN

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