| 2024-09-13 | -1.4 % |
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| 2024-08-14 | -0.34 % |
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| 2024-08-07 | +2.83 % |
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| 2024-08-06 | +1.21 % |
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| 2024-08-05 | -3.06 % |
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| 2024-07-22 | -1.97 % |
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| 2024-07-18 | -0.39 % |
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| 2024-07-17 | +0.85 % |
- Devon Energy (DVN) stock went up last night as Bernstein SocGen Group issued an upgrade for Hess Corp. (HES) stock, which raised its rating to Outperform and adjusted the price target amidst expectations of a successful merger with Chevron Corp. (CVX), along with factors like historical trend of oil prices, OPEC meetings, and market conditions affecting the energy sector.
- The article discusses Bernstein SocGen Group's downgrade of Chevron and shift in focus to Hess Corporation, highlighting a potential arbitrage opportunity due to the pending merger between Hess and Chevron, which could offer a 16% upside for Hess, leading to a positive outlook on Hess stock and a 0.85% increase in Devon Energy (DVN) stock as the broader energy sector is reevaluated, emphasizing the potential impact of mergers and acquisitions, oil market dynamics, and adjusted oil price forecasts by analysts such as Bernstein SocGen Group.
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| 2024-07-16 | +0.4 % |
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| 2024-07-12 | +0.13 % |
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| 2024-07-11 | +1.11 % |
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| 2024-07-10 | -0.33 % |
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| 2024-07-09 | -0.99 % |
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| 2024-07-08 | -1.08 % |
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| 2024-06-26 | -1.37 % |
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| 2024-06-18 | -0.24 % |
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| 2024-06-07 | +0.06 % |
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| 2024-06-06 | +0.3 % |
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| 2024-06-05 | -0.06 % |
- Summary: Devon Energy Corp. (DVN) saw a slight decrease in its stock price due to the appointment of a new independent chair of the board, John Bethancourt, effective July 1, 2024, following the company's governance policy of separating the roles of chair and CEO.
Reason for stock decline: The slight decrease in Devon Energy's stock may be attributed to investor sentiment reacting to the announcement of the leadership change, despite the company's overall positive performance and strategic outlook, including strong financial health, analyst upgrades, and operational efficiencies.
- Summary: The article discusses the approval to proceed with the construction of the Legends Tower, a supertall building in Oklahoma City, and the overall development plan for the project.
Reason for Devon Energy (DVN) Stock Going Down: The article does not provide any information or context regarding why Devon Energy's stock went down; therefore, it is not possible to determine the specific reason for the decrease in DVN stock from the content provided in the article.
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| 2024-06-04 | -0.91 % |
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| 2024-06-03 | -4.07 % |
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| 2024-05-30 | +0.85 % |
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| 2024-05-29 | -3.52 % |
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| 2024-05-24 | -0.17 % |
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| 2024-05-23 | -1.17 % |
- The article highlights Devon Energy Corp (DVN) stock being 1.2% down at $48.24 following a recent pullback from its 52-week high of $55.09, up 6.5% YTD, testing support at its 80-day moving average, potentially indicating a bullish trendline, with data suggesting an 80% success rate and a 10.9% average return one month later after similar signals, with options presenting a potentially advantageous strategy given the low volatility currently. The stock has dipped due to profit-taking after its continuous weekly gains, causing the stock to align with its moving averages for potential future movements.
- The article discusses Devon Energy's (DVN) stock performance, highlighting a strong Return on Equity (ROE) of 27%, higher than the industry average of 18%, and a net income growth of 48% over the past five years. Despite the positive financial indicators, the stock may have dropped recently by 1.17% due to analysts' predictions of a future decline in ROE to 20%, triggering concerns among investors.
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| 2024-05-20 | +0.81 % |
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| 2024-05-17 | +0.77 % |
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| 2024-05-16 | -0.95 % |
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| 2024-05-03 | +0.4 % |
- Devon Energy (DVN) stock went up by 0.4% last night with no specific reason provided in the article.
- The article discusses Devon Energy (DVN) stock, which was up by 0.4% last night, and explains that the stock rose due to the company's strong operational and financial performance in the first quarter of 2024, surpassing targets, achieving excellent well productivity, improving cycle times, easing infrastructure constraints, and demonstrating effective cost management, leading to increased production and free cash flow. The company also raised its guidance for the full year of 2024, with a focus on capital discipline, rewarding shareholders through buybacks and dividends, and aiming to capture value at historically low valuations.
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| 2024-05-02 | -0.12 % |
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| 2024-05-01 | -1.52 % |
- The article discusses the negative impact on Wall Street and global markets due to the Federal Reserve's reduced expectations of multiple interest rate cuts, leading to bond market struggles, causing Devon Energy (DVN) stock to decrease by 1.52% on the previous night. Devon Energy stock likely goes down due to concerns surrounding rising Treasury debt sales, U.S. employment cost growth, and overall market volatility influenced by the Federal Reserve's interest rate decisions.
- The article discusses Devon Energy (DVN) stock, which was down by -1.52% last night, and the stock likely decreased due to market factors, economic conditions, or company-specific news affecting investor sentiment.
- The article discusses Devon Energy's (DVN) stock being down by 1.52% last night, with the reason for the drop potentially being related to factors such as market fluctuations, industry news, company performance, or broader economic conditions.
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| 2024-04-29 | +0.7 % |
- The article announces the retirement of Mr. Emeka Onwuka and the appointment of Mrs. Eleanor Adaralegbe as the new Executive Director and Chief Financial Officer of Seplat Energy, leading to a 0.7% increase in Devon Energy (DVN) stock due to Eleanor's extensive experience and expertise in the oil and gas industry, strategic financial management, and corporate governance.
- The article discusses how institutional investors have adjusted their holdings in Devon Energy stock, with some increasing their positions, leading to a 0.7% increase in the stock price, and analysts providing various ratings and price targets for DVN stock, suggesting its potential growth. The stock went up due to increased investment by different funds and positive analyst ratings.
- The article discusses Devon Energy (DVN) stock, which was up by 0.7% last night; the stock goes up due to the expectation that the company will announce earnings of $1.11 per share for the quarter, beating previous estimates and showing strong financial performance, with revenue exceeding expectations and positive dividend payments contributing to the stock's overall attractiveness to investors.
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| 2024-04-26 | +0.19 % |
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| 2024-04-25 | +0.98 % |
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| 2024-04-24 | -0.89 % |
- The article discusses Devon Energy (DVN) stock, which was down -0.89% last night, despite Stifel Nicolaus raising their price target on the stock to $66. The stock went down possibly due to a decline in trading volume, with 1,752,598 shares changing hands compared to the average volume of 7,921,695 shares, following various analysts' recent ratings and price target adjustments.
- The article discusses Signaturefd LLC increasing its stake in Devon Energy Co. through purchasing additional shares, along with other institutional investors also making changes to their positions in the business, although Devon Energy (DVN) stock decreased by -0.89% last night; the stock might have gone down due to the general market conditions or news affecting the energy sector.
- The summary of the article is that Devon Energy (DVN) stock was down by -0.89% last night after Sigma Planning Corp reduced its position in the company by 60.6% during the 4th quarter, leading to a sell-off by other institutional investors and hedge funds, causing the stock price to decline. The stock has been subjected to various target price adjustments by different research reports, with fluctuating ratings and consensus target prices.
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| 2024-04-23 | +0.84 % |
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| 2024-04-22 | +0.58 % |
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| 2024-04-16 | -0.95 % |
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| 2024-04-12 | -0.89 % |
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| 2024-04-11 | -1.12 % |
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| 2024-04-10 | +0.68 % |
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| 2024-04-09 | +1.33 % |
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| 2024-04-05 | +1.39 % |
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| 2024-04-04 | -0.44 % |
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| 2024-03-27 | +1.37 % |
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| 2024-03-26 | -0.53 % |
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| 2024-03-25 | +1.41 % |
- Summary: Kingswood Wealth Advisors LLC increased its holdings in Devon Energy (DVN) by 45.2% in the fourth quarter, resulting in the stock rising by 1.41% last night. The stock is on the rise due to various hedge funds and institutional investors adding to their stakes in DVN, leading to increased confidence in the company's performance and potential growth.
Reason for DVN stock increase: The rise in DVN stock can be attributed to the increased holdings by Kingswood Wealth Advisors LLC and other institutional investors, such as Pacer Advisors Inc., T. Rowe Price Investment Management Inc., J.P. Morgan Private Wealth Advisors LLC, Morgan Stanley, and Barclays PLC, indicating growing interest and confidence in the company's prospects. Additionally, DVN recently reported strong earnings results, beating estimates, which could also be contributing to the stock's upward trend.
- The article discusses Wellington Management Group LLP increasing its position in Devon Energy Co. (DVN) stock by 140.1% during the third quarter, leading to a 1.41% increase in the stock last night, as institutional investors and hedge funds are adding to their stakes in DVN, contributing to the rise in the stock price.
- Devon Energy (DVN) stock was up 1.41% last night, attributed to Compagnie Lombard Odier SCmA increasing its holdings in DVN shares by 167.5% during the fourth quarter, among other institutional investors and hedge funds also buying and selling shares, with analysts having a consensus rating of "Moderate Buy" and a consensus target price of $55.38 for the company based on recent research reports.
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| 2024-03-22 | -0.33 % |
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