Devon Stock News

The energy sector took a broad beating Friday, and was the weakest of the S&P 500''s 11 key sectors, after crude oil prices were slapped down by fears that rising COVID cases in Europe will drive down demand. The SPDR Energy Select Sector ETF dropped 3.5%, with all 21 equity components losing ground, and has lost 5.5% amid a three-day losing streak. The biggest loser was Devon Energy Corp.''s stock , which slid 5.6%. Among other more active components, shares of Exxon Mobil Corp. slumped 4.3%, Marathon Oil Corp. gave up 4.3%, Occidental Petroleum Corp. lost 4.9%, Schlumberger Ltd. fell 5.1% and Chevron Corp. declined 2.2%. Meanwhile, crude oil futures shed 3.7% toward a seven-week low. The energy sector ETF has still run up 19.8% over the past three months, while crude oil futures have climbed 18.9% and the S&P 500 has gained 7.0%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Engrave Wealth Partners LLC lowered its position in shares of Devon Energy Co. (NYSE:DVN) by 52.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,259 shares of the energy companys stock after selling 120,712 shares during the period. []

In the latest trading session, 2.25 million Devon Energy Corporation (NYSE:DVN) shares changed hands as the companys beta touched 3.09. With the companys most recent per share price at $43.22 changed hands at -$0.21 or -0.48% at last look, the market valuation stands at $29.50B. DVNs current price is a discount, trading about -3.63% off Devon Energy Corporation (NYSE: DVN): The Stock To Invest In Over The Next Few Months Read More »

OKLAHOMA CITY, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN), (Devon or the Company) a leading U.S. independent oil and gas producer, today announced the release of its latest sustainability report which highlights the companys efforts to deliver industry-leading results while being a good neighbor, valued and effective community partner, responsible environmental steward, and supportive employer.

Devon Energy (NYSE:DVN) had its price target raised by equities researchers at Raymond James from $54.00 to $65.00 in a research report issued on Monday, The Fly reports. The brokerage presently has a strong-buy rating on the energy companys stock. Raymond James target price indicates a potential upside of 49.67% from the stocks previous close. []

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1832 Asset Management L.P. boosted its holdings in shares of Devon Energy Co. (NYSE:DVN) by 9,886.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 263,943 shares of the energy companys stock after purchasing an additional 261,300 shares during the period. []