Devon Energy Corp Director Robert A. Mosbacher, Jr. Unloads 4,100 Shares (DVN)
Devon Energy Corp (NYSE:DVN) Director Robert A. Mosbacher, Jr. unloaded 4,100 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $74.75, for a total transaction of $306,475.00. Following the transaction, the director now directly owns 19,604 shares of the company’s stock, valued at approximately $1,465,399. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on DVN. Analysts at Zacks reiterated a “neutral” rating on shares of Devon Energy Corp in a research note on Thursday, August 7th. They now have a $78.00 price target on the stock. Separately, analysts at Barclays cut their price target on shares of Devon Energy Corp from $96.00 to $95.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Devon Energy Corp in a research note on Friday, July 18th. They now have a $87.00 price target on the stock, up previously from $75.00. Eleven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $82.94.
Devon Energy Corp (NYSE:DVN) traded down 1.76% on Tuesday, hitting $74.09. 1,794,286 shares of the company’s stock traded hands. Devon Energy Corp has a 52 week low of $56.99 and a 52 week high of $80.63. The stock’s 50-day moving average is $75.55 and its 200-day moving average is $71.5. The company has a market cap of $30.310 billion and a price-to-earnings ratio of 18.79.
Devon Energy Corp (NYSE:DVN) last released its earnings data on Wednesday, August 6th. The company reported $1.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.40 by $0.24. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the company posted $1.21 earnings per share. Devon Energy Corp’s revenue was up 46.0% compared to the same quarter last year. On average, analysts predict that Devon Energy Corp will post $5.69 earnings per share for the current fiscal year.
Devon Energy Corporation (NYSE:DVN) is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs).
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