Analyst Downgrades – Devon Energy Corporation (NYSE:DVN) Stock Gets Downgraded By Wells Fargo & Company from Hold to

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Analyst Ratings For Devon Energy Corporation (NYSE:DVN)

Today, Devon Energy Corporation (NYSE:DVN) stock was downgraded by Wells Fargo & Company from Hold to .

There are 14 hold ratings, 20 buy ratings, 2 strong buy ratings on the stock.

The current consensus rating on Devon Energy Corporation (NYSE:DVN) is Buy (Score: 2.67) with a consensus target price of $42.19 per share, a potential 9.66% downside.

Some recent analyst ratings include

  • 1/11/2017-Wells Fargo & Company was Downgraded by analysts at Wells Fargo & Company from a “Hold” rating to a “” rating.
  • 1/3/2017-RBC Capital Markets Reiterated Rating of Buy.
  • 12/9/2016-Seaport Global Securities Upgrade from a “Neutral ” rating to a ” Buy” rating.
  • 11/30/2016-Societe Generale was Downgraded by analysts at Societe Generale from a “Buy ” rating to a ” Hold” rating.
  • 9/6/2016-Raymond James Financial, Inc. was Downgraded by analysts at Raymond James Financial, Inc. from a “Outperform ” rating to a ” Market Perform” rating. They now have a $45.84 price target on the stock.
  • 9/6/2016-Citigroup Inc. was Downgraded by analysts at Citigroup Inc. from a “Positive ” rating to a ” Market Perform” rating.

Dividend information for Devon Energy Corporation (NYSE:DVN)

Devon Energy Corporation (NYSE:DVN) pays an annual dividend of $0.24 with a yield of 0.51% and an average dividend growth of -13.10% based on a 3 Year Average..

Dividend History for Devon Energy Corporation (NYSE:DVN)

  • On 11/30/2016 Devon Energy Corporation announced a quarterly dividend of $0.06 0.5% with an ex dividend date of 3/13/2017 which will be payable on 3/31/2017.
  • On 9/14/2016 Devon Energy Corporation announced a quarterly dividend of $0.06 0.59% with an ex dividend date of 12/13/2016 which will be payable on 12/30/2016.
  • On 6/8/2016 Devon Energy Corporation announced a quarterly dividend of $0.06 0.64% with an ex dividend date of 9/13/2016 which will be payable on 9/30/2016.
  • On 2/16/2016 Devon Energy Corporation announced a quarterly dividend of $0.06 1.18% with an ex dividend date of 6/13/2016 which will be payable on 6/30/2016.
  • On 12/2/2015 Devon Energy Corporation announced a quarterly dividend of $0.24 2.34% with an ex dividend date of 3/11/2016 which will be payable on 3/31/2016.
  • On 9/16/2015 Devon Energy Corporation announced a quarterly dividend of $0.24 2.35% with an ex dividend date of 12/11/2015 which will be payable on 12/31/2015.
  • On 6/3/2015 Devon Energy Corporation announced a quarterly dividend of $0.24 1.52% with an ex dividend date of 9/11/2015 which will be payable on 9/30/2015.

Recent Insider Trading Activity For Devon Energy Corporation (NYSE:DVN)
Devon Energy Corporation (NYSE:DVN) has insider ownership of 0.98% and institutional ownership of 76.22%.

  • On 6/20/2016 Robert H Henry, Director Sell, 7,100 $37.43 with an average share price of $265,753.00 View SEC Filing   1/6/2016 per share and the total transaction amounting to Barbara M Baumann.
  • On 7/6/2015 Barbara M Baumann, Director Buy, 4,500 $56.58 with an average share price of $254,610.00 View SEC Filing   6/10/2015 per share and the total transaction amounting to Robert A Mosbacher Jr.
  • On 12/23/2014 Robert H Henry, Director Sell, 4,089 $61.12 with an average share price of $249,919.68 View SEC Filing   10/23/2014 per share and the total transaction amounting to Akash Patel.
  • On 10/15/2014 John E Bethancourt, Director Buy, 9,150 $54.64 with an average share price of $499,956.00 View SEC Filing   8/29/2014 per share and the total transaction amounting to Robert A Mosbacher Jr.
  • On 7/17/2014 Frank W Rudolph, EVP Sell, 48,493 $78.00 with an average share price of $3,782,454.00 View SEC Filing   7/14/2014 per share and the total transaction amounting to Frank W Rudolph.
  • On 6/23/2014 Robert A Mosbacher Jr, Director Sell, 3,500 $79.07 with an average share price of $276,745.00 View SEC Filing   5/19/2014 per share and the total transaction amounting to Frank Rudolph.

About Devon Energy Corporation (NYSE:DVN)
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. The Company operates through three segments: U.S., Canada and EnLink. Devon’s U.S. and Canadian segments are engaged in oil and gas exploration and production activities. EnLink’s operations consist of midstream assets and operations located across the United States. Its projects include Delaware Basin, STACK, Eagle Ford, Rockies Oil, Heavy Oil, Barnett Shale, and other assets, which are located in the Midland Basin, east Texas, Granite Wash and Mississippian-Lime areas. In addition, the Company holds interest in Jackfish and Pike.

Recent Trading Activity for Devon Energy Corporation (NYSE:DVN)
Shares of Devon Energy Corporation closed the previous trading session at 46.39 down -0.31 -0.66% with 4,642,677 shares trading hands.