Devon Energy Corporation (DVN)

Over the past six months, Devon Energy's stock price has experienced a decline. As of June 25, 2025, the share price was $32.13, representing a 31.23% decline over the past year. Key events impacting the stock include the acquisition of Grayson Mill's Williston Basin business for approximately $5.0 billion on September 27, 2024. Devon Energy reported its first-quarter 2025 results and provided guidance for the second quarter and full-year 2025.

Devon Energy's profitability is tied to global energy supply and demand, influencing market prices for WTI crude oil, Henry Hub natural gas, and NGLs. The broader oil and natural gas market typically experiences seasonal fluctuations, such as increased natural gas demand during colder and warmer months, and gasoline demand peaking during summer driving seasons.

Devon Energy Corporation is an independent energy company engaged in the exploration, development, and production of oil, natural gas, and NGLs. Headquartered in Oklahoma City, Oklahoma, the company operates within the Energy sector, specifically in the Oil & Gas Exploration & Production industry. As of December 31, 2024, the company reported proved reserves of 2,155 million barrels of oil equivalent, with net production averaging approximately 848,000 barrels of oil equivalent per day in 2024.

Devon Energy's operations are focused onshore in the United States, across several prolific oil and natural gas plays, including the Delaware Basin, Eagle Ford, Anadarko Basin, Powder River Basin, and Williston Basin. The Delaware Basin is a significant contributor, accounting for 63% of total oil production and 61% of total gas production in 2024.

Devon Energy has maintained a strong brand reputation, recognized by JUST Capital as America's #1 most JUST company in the oil and gas industry and #1 in the industry for workers. Fortune magazine ranked Devon Energy among its "100 Best Companies to Work For", placing it 13th overall and as the highest-ranked energy company. The company is also listed on the Fortune 500 and Forbes Global 2000.

Devon Energy's ownership structure is predominantly institutional, with institutional shareholders holding approximately 75.79%, 77%, 76.3%, or 78.15% of the company's shares. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Retail investors hold a notable portion, ranging from 15.81% to 22% or 34.78%. Felix Investments Holdings II LLC is identified as the largest individual shareholder, owning 6.71% of the company's shares. Insider ownership is relatively low, typically less than 1%.