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Devon Energy earned $0.84 per share in Q2, beat estimates, and raised revenue 9.4% year-over-year.
Devon Energy reported second-quarter earnings of $0.84 per share, slightly above estimates, with revenue rising 9.4% year-over-year to $4.28 billion.
The company, headquartered in Oklahoma City, operates in major U.S. oil and gas basins, maintains a market cap of $23.47 billion, and declared a quarterly dividend of $0.24 per share, payable September 30.
Analysts rate the stock a "Moderate Buy" with a target price of $44.04.
The Public Employees Retirement System of Ohio held a $6.14 million stake in the company after slightly reducing its position.
Director Kelt Kindick sold shares, reducing his ownership by nearly 20%.
Devon Energy ganó $ 0,84 por acción en el segundo trimestre, superó las estimaciones y aumentó los ingresos un 9,4% año tras año.