DVN news & sentiment — DEVON ENERGY CORP/DE

MAY 26·finance.yahoo.comMed

Morgan Stanley Raises Devon Energy ( DVN ) Price Target by $7

Morgan Stanley raised its Devon Energy (DVN) price target to $66 from $59 and kept an “Overweight” rating, citing nearly 40% upside. The update followed a Q1 report on May 5 that missed estimates, though oil output of 387,000 bpd was at the top of guidance and capex was 6% below. Devon also said it remains on track for $1B annual pre-tax free cash flow improvement and was the biggest buyer in a May 20 federal drilling-rights sale, Reuters said.

MAY 22·MarketBeat

Leonteq Securities AG Acquires New Stake in Devon Energy Corporation $DVN

Leonteq Securities AG recently acquired a new stake in Devon Energy Corporation, purchasing 33,785 shares valued at approximately $1.24 million in the fourth quarter. This acquisition highlights continued institutional interest in Devon Energy, with hedge funds and other investors holding nearly 70% of the stock. Despite recent insider selling and a slight miss on earnings estimates, analysts maintain a "Moderate Buy" rating, and the company has increased its quarterly dividend.

MAY 21·The Business Journals

Devon Energy sets sights on more Permian land with $2.63 billion winning bids in New Mexico-Texas auction

Devon Energy secured additional Permian Basin land with $2.63 billion in winning bids during a New Mexico-Texas auction. This move follows pressure from activist investor Kimmeridge, who urged the company to enhance its focus on the region. The acquisition aligns with Devon Energy's recent decision to relocate its headquarters to Houston.

Morgan Stanley Raises Devon Energy ( DVN ) Price Target by $7

Leonteq Securities AG Acquires New Stake in Devon Energy Corporation $DVN

Devon Energy sets sights on more Permian land with $2.63 billion winning bids in New Mexico-Texas auction

News on $DVN