El interés en corto de Devon Energy da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Devon Energy. Los datos de interés en corto se actualizan cada dos semanas.

Devon Energy (NYSE:DVN) Bolsa, Informe de interés en corto

Devon Energy

Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

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La primera semana de Trump trajo reformas clave en energía, tecnología e inmigración. Descubre cómo podrían afectar a los mercados.

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Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) has outperformed the market over the past 5 years by 8.33% on an annualized basis producing an average annual return of 22.97%. Currently, Devon Energy has a market capitalization of $20.23 billion. 
Buying $100 In DVN: If an investor had bought $100 of DVN stock 5 years ago, it would be worth $275.31 today based on a price of $31.44 for DVN at the time of writing.
<h3>Devon Energy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1746225912_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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$100 Invested In Devon Energy 5 Years Ago Would Be Worth This Much Today

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Shares of energy stocks are trading lower amid a drop in oil and natural gas prices following a decline in US Q1 GDP, which could weigh on demand outlook.

So much for &#8220;drill, baby, drill.&#8221; <a href="https://www.benzinga.com/topic/energy" target="_blank" rel="noopener">The energy sector</a> is drilling all right &#8211; straight into red territory.
Down a bruising 11.47% over the past month, Energy, as tracked by the SPDR Energy Select ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), has officially become the worst-performing sector in the S&amp;P 500. And investors have Donald Trump's tariffs &#8211; and falling oil prices &#8211; to thank.
For perspective, the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) is down just 0.91% over the past month.
<h2 class="wp-block-heading">Chevron, Halliburton, Occidental Down Over 15%</h2>
While the broader market treaded water, energy names went into free fall. Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) shed over 16.73% this month, Halliburton Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) crashed 19.16% and Occidental Petroleum Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) nosedived 18.25%.
APA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>) is off a staggering 22.74%. Even shale poster child Devon Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) fell 16.31%. The carnage is deep and widespread.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44787088/conocophillips-vs-occidental-both-ride-the-oil-wave-only-one-is-shaping-the-tide">ConocoPhillips Vs. Occidental: Both Ride The Oil Wave, Only One Is Shaping The Tide</a>
<h2 class="wp-block-heading">Brutal Blow To Trump&#8217;s Energy Dominance Agenda</h2>
The culprit? A toxic mix of plummeting crude prices &#8211; U.S. oil has slid below $65 &#8211; and trade policy uncertainty. Tariffs are rattling supply chains and investor confidence. Oilfield giants like Baker Hughes, SLB, and Halliburton have already warned of slowing investment in exploration and drilling, forecasting double-digit drops in North American activity, <a href="https://www.cnbc.com/2025/04/29/oil-companies-that-trump-wants-to-drill-baby-drill-take-a-beating.html">reported</a> CNBC. 
And they're not shy about pointing fingers. "Tariffs are causing economic uncertainty," Schlumberger NV's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) CEO Olivier Le Peuch said last week. Baker Hughes Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) added that rising tariffs could slice as much as $200 million from earnings.
It's a brutal blow to Trump's energy dominance agenda, which had sought to unleash America's oil might.
But with investors now prioritizing capital discipline and waiting for clearer policy signals, that plan might be on pause. As one American Petroleum Institute analyst put it, the industry's most-used word lately? "Uncertainty." For now, it's the one thing Trump's energy push is producing in abundance.
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Photo: Shutterstock

Broad U.S. Equity ETFs

Commodities

Crude Reality: Energy Sector Becomes S&P 500's Worst Performer, Thanks To Trump's Tariff Turmoil

While crude prices continue to decline,<a href="https://www.benzinga.com/etfs" target="_blank" rel="noopener"> oil-linked ETFs</a> are not only being watched for their price action but also for the insight they provide into sentiment across various segments of the <a href="https://www.benzinga.com/topic/oil" target="_blank" rel="noopener">energy sector</a>. Two of the most heavily followed funds—United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) and SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>)—provide different perspectives on how market players are positioned on oil volatility.
United States Oil Fund
USO is intended to replicate the daily movements of West Texas Intermediate (WTI) crude oil futures. It does this mainly through holding near-month NYMEX futures contracts, and as such, it is extremely vulnerable to short-term changes in the price of oil. The ETF <a href="https://www.uscfinvestments.com/uso">owns </a>a series of front-month WTI futures contracts and rolls them over on a monthly basis. This exposes the fund to contango and backwardation, two states in the futures curve that can either drain or enhance returns independent of spot price direction.
Also Read: <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/45018013/oil-drops-below-key-support-is-55-the-next-stop-for-west-texas-intermediate">Oil Drops Below Key Support: Is $55 The Next Stop For West Texas Intermediate?</a>
Through April 29, USO has dropped almost 3% as of writing, echoing weakness in crude. For the past month, its decline, at more than 14%, has intensified as Brent and WTI are on track for a bad month.
USO tends to function as a short-term tactical trading tool instead of a long-term investment tool. Its April movement indicates increasing angst regarding short-term demand destruction with trade disruptions, risk of oversupply, and macroeconomic weakness.
SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF
Whereas USO tracks the commodity, XOP <a href="https://www.ssga.com/us/en/intermediary/etfs/spdr-sp-oil-gas-exploration-production-etf-xop">invests </a>in an equal-weighted index of U.S. energy stocks that are engaged in upstream oil and gas production. The ETF offers diversified exposure to small- and mid-cap exploration and production (E&amp;P) companies. Its equal-weighting approach minimizes concentration risk but maximizes volatility, particularly in times of declining oil prices.
Top Holdings: CNX Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNX#NYSE">CNX</a>), Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), and Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) are among the fund&#8217;s top holdings—companies that are more exposed to commodity price fluctuations because of their relatively high-cost production and capital sensitivity.
XOP fell 0.9% Tuesday afternoon, although it has beaten USO on a relative basis over the last few weeks. That is possibly driven by a perception that equities—particularly those with solid balance sheets—can better withstand short-term price dips than the futures curve.
XOP will be ideal for investors looking for leveraged exposure to oil prices through equities when prices are moving higher. Yet, in a bear market like the current one, its small-cap bias makes it a riskier play.
Sentiment Shifts
Brent crude&nbsp;dropped&nbsp;below $63.96 a barrel on Tuesday afternoon, while West Texas Intermediate (WTI)&nbsp;was&nbsp;around $60.34—both&nbsp;<a href="https://oilprice.com/oil-price-charts/">lower&nbsp;</a>for a second&nbsp;straight&nbsp;session. Brent, which has dropped 16% year-to-date, is now set to register its biggest monthly drop&nbsp;since 2021, a reflection of&nbsp;growing&nbsp;worries&nbsp;over&nbsp;weakening&nbsp;demand and geopolitical&nbsp;uncertainty.
At the same time, <a href="https://www.bloomberg.com/news/articles/2025-04-28/latest-oil-market-news-and-analysis-for-april-29">OPEC+&#8217;s</a> hint at bringing production levels back online is exerting downward pressure on prices, with oversupply fears rising as much as the demand outlook weakens, according to Bloomberg.
Geopolitical events are further complicating matters. Negotiations between Tehran and Washington on Iran&#8217;s nuclear program have given tentative indications of progress. If diplomatic efforts result in sanctions easing, Iranian crude might return to global markets—a bearish oil price catalyst once again.
Investors in oil ETFs are also getting hit. As their prices decline, USO and XOP are experiencing increased volume as investors rethink their energy exposure in light of the increased uncertainty.
Looking forward, markets will be waiting to see economic data this week that can provide more clarity on trading conditions. Meanwhile, oil ETFs remain an important gauge of investor sentiment, capturing the fine balancing act of forces at play in the global energy market.
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Photo: Shutterstock

Specialty ETFs

Oil's Slippery Slide: What USO And XOP ETFs Reveal About Energy Market Panic

B of A Securities analyst Noah Hungness maintains Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) with a Buy and lowers the price target from $52 to $42.

Price Target

Analyst Ratings

B of A Securities Maintains Buy on Devon Energy, Lowers Price Target to $42

19 analysts have expressed a variety of opinions on Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">11</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">6</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Devon Energy and provided 12-month price targets. The average target is $45.68, accompanied by a high estimate of $56.00 and a low estimate of $35.00. A 6.07% drop is evident in the current average compared to the previous average price target of $48.63. 
<img src="https://www.benzinga.com/files/images/story/2025/1745431233_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The analysis of recent analyst actions sheds light on the perception of Devon Energy by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
&#x7C; Analyst &#x7C; Analyst Firm &#x7C; Action Taken &#x7C; Rating &#x7C;Current Price Target&#x7C; Prior Price Target &#x7C; 
&#x7C;--------------------&#x7C;--------------------&#x7C;---------------&#x7C;-----------------&#x7C;--------------------&#x7C;--------------------&#x7C; 
&#x7C;Mark Lear &#x7C;Piper Sandler &#x7C;Raises &#x7C;Overweight &#x7C; $56.00&#x7C;$54.00 &#x7C; 
&#x7C;Biju Perincheril &#x7C;Susquehanna &#x7C;Lowers &#x7C;Positive &#x7C; $41.00&#x7C;$52.00 &#x7C; 
&#x7C;Mark Lear &#x7C;Piper Sandler &#x7C;Lowers &#x7C;Overweight &#x7C; $54.00&#x7C;$55.00 &#x7C; 
&#x7C;Scott Hanold &#x7C;RBC Capital &#x7C;Lowers &#x7C;Sector Perform &#x7C; $40.00&#x7C;$49.00 &#x7C; 
&#x7C;Roger Read &#x7C;Wells Fargo &#x7C;Lowers &#x7C;Overweight &#x7C; $44.00&#x7C;$46.00 &#x7C; 
&#x7C;Paul Cheng &#x7C;Scotiabank &#x7C;Lowers &#x7C;Sector Outperform&#x7C; $35.00&#x7C;$45.00 &#x7C; 
&#x7C;Nitin Kumar &#x7C;Mizuho &#x7C;Lowers &#x7C;Outperform &#x7C; $46.00&#x7C;$49.00 &#x7C; 
&#x7C;Josh Silverstein &#x7C;UBS &#x7C;Lowers &#x7C;Neutral &#x7C; $35.00&#x7C;$41.00 &#x7C; 
&#x7C;Scott Gruber &#x7C;Citigroup &#x7C;Lowers &#x7C;Buy &#x7C; $43.00&#x7C;$46.00 &#x7C; 
&#x7C;Devin McDermott &#x7C;Morgan Stanley &#x7C;Lowers &#x7C;Overweight &#x7C; $47.00&#x7C;$51.00 &#x7C; 
&#x7C;Scott Gruber &#x7C;Citigroup &#x7C;Lowers &#x7C;Buy &#x7C; $46.00&#x7C;$48.00 &#x7C; 
&#x7C;Arun Jayaram &#x7C;JP Morgan &#x7C;Lowers &#x7C;Neutral &#x7C; $42.00&#x7C;$48.00 &#x7C; 
&#x7C;John Freeman &#x7C;Raymond James &#x7C;Lowers &#x7C;Outperform &#x7C; $46.00&#x7C;$54.00 &#x7C; 
&#x7C;Mark Lear &#x7C;Piper Sandler &#x7C;Raises &#x7C;Overweight &#x7C; $55.00&#x7C;$54.00 &#x7C; 
&#x7C;Biju Perincheril &#x7C;Susquehanna &#x7C;Raises &#x7C;Positive &#x7C; $52.00&#x7C;$50.00 &#x7C; 
&#x7C;Neal Dingmann &#x7C;Truist Securities &#x7C;Raises &#x7C;Hold &#x7C; $44.00&#x7C;$42.00 &#x7C; 
&#x7C;Subash Chandra &#x7C;Benchmark &#x7C;Maintains &#x7C;Buy &#x7C; $44.00&#x7C;$44.00 &#x7C; 
&#x7C;Betty Jiang &#x7C;Barclays &#x7C;Raises &#x7C;Equal-Weight &#x7C; $44.00&#x7C;$43.00 &#x7C; 
&#x7C;Mark Lear &#x7C;Piper Sandler &#x7C;Raises &#x7C;Overweight &#x7C; $54.00&#x7C;$53.00 &#x7C;
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Devon Energy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Devon Energy compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Devon Energy's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Devon Energy's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/DVN/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Devon Energy analyst ratings.</a>
<h2>Unveiling the Story Behind Devon Energy</h2>
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
<h3>Devon Energy's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Devon Energy's remarkable performance in 3M is evident. As of 31 December, 2024, the company achieved an impressive revenue growth rate of 6.22%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Devon Energy's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 14.51%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Devon Energy's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.44%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Devon Energy's ROA excels beyond industry benchmarks, reaching 2.1%. This signifies efficient management of assets and strong financial health.
Debt Management: Devon Energy's debt-to-equity ratio is below the industry average at 0.63, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Devon Energy: 19 Analysts Share Their Views

Piper Sandler analyst Mark Lear maintains Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) with a Overweight and raises the price target from $54 to $56.

Piper Sandler Maintains Overweight on Devon Energy, Raises Price Target to $56

Susquehanna analyst Biju Perincheril maintains Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) with a Positive and lowers the price target from $52 to $41.

Susquehanna Maintains Positive on Devon Energy, Lowers Price Target to $41

Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) shares are trading higher premarket on Tuesday after the company unveiled a <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/g44918139/devon-energy-unveils-value-enhancing-business-optimization-plan" rel="noreferrer noopener">business optimization strategy</a>.
The company aims to enhance its pre-tax free cash flow by $1.0 billion annually through a comprehensive plan.
The company plans to focus on optimizing field operations, reducing drilling and completion costs, and improving both operating margins and corporate expenses.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43863129/jpmorgan-weighs-in-on-devon-energy-and-occidental-petroleum-after-earnings" rel="noreferrer noopener">JPMorgan Weighs In On Devon Energy And Occidental Petroleum After Earnings</a>
Devon&#8217;s business optimization plan includes improvement of $300 million from capital efficiency, $250 million from production optimization, $300 million from commercial opportunities, and $150 million from corporate cost reductions.
The company expects to achieve around 30% of these gains by the end of 2025, with full <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">realization targeted by the end of 2026</a>.
Clay Gaspar, president and CEO said, &#8220;This is an opportune time for us to take on this initiative, as we leverage recent leadership changes across the organization, bringing fresh perspectives and new ideas. Given the challenging market and shifting competitive landscape, this is the right moment to focus internally and improve our profitability.&#8221;
&#8220;Concurrently, we have implemented technological advancements, including advanced analytics and process automation, that are further enhancing our operating performance. These combined efforts are anticipated to achieve approximately $300 million of cash flow uplift by the end of 2025, reinforcing our financial resilience.&#8221;
The company expects to report first-quarter 2025 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">earnings results on May 7, 2025</a>.
Investors can gain exposure to the stock via&nbsp;the Invesco Energy&nbsp;Exploration &amp; Production ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXE#NYSE">PXE</a>) and&nbsp;the Texas Capital&nbsp;Funds Trust Texas Capital Texas Oil Index ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OILT#NYSE">OILT</a>).
Price Action: DVN shares are up 5.5% at $31.11 at last check Tuesday.
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Photo: Shutterstock

Large Cap

Guidance

Movers

OILT

PowerShares ETF Trust Dynamic Energy Exploration & Production Port

Devon Energy Unveils $1 Billion Annual Optimization Plan, Targets Efficiency Gains By 2026

Piper Sandler analyst Mark Lear maintains Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) with a Overweight and lowers the price target from $55 to $54.

Piper Sandler Maintains Overweight on Devon Energy, Lowers Price Target to $54

General

Devon Energy Targets $1B In Annual Pre-Tax Free Cash Flow Improvements

SHEL

Shares of energy stocks are trading lower as oil falls amid US-Iran talks.

Devon Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) short percent of float has fallen 8.86% since its last report. The company recently reported that it has 16.43 million shares sold short, which is 2.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.24 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Devon Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744909264_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Devon Energy has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Devon Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Devon Energy's peer group average for short interest as a percentage of float is 7.42%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Is Devon Energy Gaining or Losing Market Support?

Risk sentiment took a sharp blow Wednesday afternoon after Federal Reserve Chair Jerome Powell linked rising tariffs to higher inflation and slower growth, while making it clear the central bank has no intention <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44848474/fed-chair-powell-says-tariffs-lead-to-temporary-rise-in-inflation">of cushioning market losses.</a>
In remarks at the Economic Club of Chicago, Powell said the inflationary effects of tariffs could be more persistent than previously thought, and warned that current policy uncertainty makes it difficult to gauge their full impact. 
Most notably for Wall Street, Powell addressed the notion of a so-called "Fed put"—the belief that the central bank would intervene if markets drop sharply—and offered a blunt response: "I'm going to say no."
That single line pushed traders to recalibrate expectations for any near-term monetary support.
<h3 class="wp-block-heading">Stocks Tumble As Chipmakers Extend Losses</h3>
By 3:15 p.m. ET, the S&amp;P 500 – as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) – had dropped 3.1% to 5,230 points, while the Nasdaq 100 – tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) plunged 4.1% to 18,050, dragged down by the tech-heavy weighting of the index. 
The Dow Jones Industrial Average shed 838 points, or 2.1%, and the Russell 2000 small-cap index also fell 2.1%.
Nearly every sector turned red, with the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) nosediving 5%. Energy stocks were the sole exception, buoyed by higher crude prices and safe-haven commodity demand.
Semiconductors were particularly hard hit following fresh export restrictions on Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips to China. 
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) plummeted 6.8%, with Nvidia and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) both down around 10%.
<h3 class="wp-block-heading">Gold Shines In Flight To Safety</h3>
As stocks tumbled, gold prices climbed, continuing their powerful 2025 rally. The precious metal hit new record highs, rising to over $2,350 an ounce, and is now up 26% year to date. 
With the Nasdaq 100 down 23% over the same period, gold has outperformed the tech index by nearly 50% in less than four months.
Gold's appeal has grown amid mounting inflation concerns, policy uncertainty, and geopolitical tension.
<h3 class="wp-block-heading">Powell: No Market Rescue This Time</h3>
Powell's refusal to endorse the "Fed put" marked a sharp shift in tone from the central bank's more accommodative stance in past downturns. While he acknowledged market volatility, he said both equity and bond markets were "functioning" and "orderly."
"Markets are struggling with a lot of uncertainty, and that means volatility," Powell said. "But having said that, markets are functioning."
The Fed chair emphasized that rate decisions will continue to focus on economic data, especially inflation and employment, and not on asset prices.
Top S&amp;P 500 Gainers:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>)</td>
<td>129.93</td>
<td>+2.94%</td>
</tr>
<tr>
<td>APA Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APA#NYSE">APA</a>)</td>
<td>15.27</td>
<td>+2.52%</td>
</tr>
<tr>
<td>Devon Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>)</td>
<td>29.21</td>
<td>+2.40%</td>
</tr>
<tr>
<td>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>55.88</td>
<td>+2.37%</td>
</tr>
<tr>
<td>Diamondback Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NYSE">FANG</a>)</td>
<td>129.98</td>
<td>+2.23%</td>
</tr>
</tbody>
</table>
</figure>
Top S&amp;P 500 Losers:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Advanced Micro Devices Inc.</td>
<td>85.90</td>
<td>-9.86%</td>
</tr>
<tr>
<td>Nvidia Corp.</td>
<td>101.25</td>
<td>-9.76%</td>
</tr>
<tr>
<td>J.B. Hunt Transport Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NYSE">JBHT</a>)</td>
<td>123.21</td>
<td>-8.81%</td>
</tr>
<tr>
<td>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</td>
<td>89.90</td>
<td>-8.63%</td>
</tr>
<tr>
<td>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>)</td>
<td>622.99</td>
<td>-7.87%</td>
</tr>
</tbody>
</table>
</figure>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44844084/nvidias-h20-chip-ban-could-lead-to-manageable-sales-drop-bank-of-america-says">Nvidia H20 Chip Ban Could Lead To &#8216;Manageable&#8217; Sales Drop, Bank Of America Says</a></li>
</ul>
Photo: Shutterstock

Macro Economic Events

Regulations

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Econ #s

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Tech

JBHT

KLAC

PLTR

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Stocks Sink As Powell Dismisses 'Fed Put' Safety Net, Gold Extends Massive Lead Over Nasdaq

Rep. Marjorie Taylor Greene (R-Ga.) disclosed her significant stock purchases made just before and on the day of President Donald Trump&#8216;s announcement to pause global tariffs. This announcement had a substantial impact on the stock market.
What Happened: Based on the information disclosed to the House, Greene bought stocks valued between $21,000 and $315,000 on April 8 and 9. On April 8, she also sold Treasury bills worth between $50,000 and $100,000, according to the<a href="https://www.benzinga.com/gov-trades/members/marjorie-taylor-greene" target="_blank" rel="noreferrer noopener">&nbsp;Benzinga Government Trades tracker.</a>
Greene&#8217;s stock purchases included shares in several companies, such as&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which has since appreciated by approximately 5%. She also invested in other tech firms, energy companies like&nbsp;Devon Energy Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), and pharmaceutical giant&nbsp;Merck &amp; Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>).
On April 8, Greene bought stocks in&nbsp;Palantir Technologies Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and&nbsp;Advanced Micro Devices, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). These transactions occurred&nbsp;as government bond yields were&nbsp;on the rise amidst the tariff turmoil.
Here's a look at the stocks Greene purchased during the period:
<ul>
<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>)</li>
<li>Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</li>
<li>Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</li>
<li>Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)</li>
<li>ASML Holding N.V (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>)</li>
<li>Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>)</li>
<li>Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>)</li>
<li>Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>)</li>
<li>FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>)</li>
<li>JP Morgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</li>
<li>Merck &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>)</li>
<li>Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>)</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
<li>Palantir Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</li>
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>)</li>
<li>Southern Copper Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>)</li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
</ul>
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/equities/25/04/44805507/jensen-huang-praised-by-trump-nvidia-wouldnt-be-doing-500-billion-ai-infrastructure-commitment-w" target="_blank" rel="noreferrer noopener">Jensen Huang Praised By Trump: Nvidia &#8216;Wouldn&#8217;t Be Doing&#8217; $500 Billion AI Infrastructure Commitment Without Tariffs</a>
Why It Matters: Greene&#8217;s stock trades have raised eyebrows, especially considering the timing of her purchases. The trades coincided with former President Trump&#8217;s tariff pause announcement, which led to a significant surge in the stock market. 
This has led to calls for an investigation into potential insider trading related to President Trump&#8217;s market communications before the tariff pause announcement. Key Democratic lawmakers, including Rep. Adam Schiff (D-Calif.) and Sen. Elizabeth Warren (D-Mass.), have expressed concerns about possible corruption. Schiff and Warren pointed out a post on Truth Social where Trump<a href="https://www.benzinga.com/markets/25/04/44747573/adam-schiff-and-elizabeth-warren-call-for-investigation-into-possible-insider-trading-by-trump-allie"> encouraged buying stocks</a> just hours before the tariff pause announcement that sent markets soaring.
Rep. Hakeem Jeffries of New York&nbsp;urged a ban on stock trading by members of Congress following the revelation of Ms. Greene's investment activities. He told <a href="https://jeffries.house.gov/2025/04/14/leader-jeffries-we-are-going-to-hold-republicans-accountable-for-any-effort-to-dismantle-social-security/">MSNBC </a>on Monday, "We obviously have to continue to highlight why this is problematic."
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/tech/25/04/44804849/amazon-founder-jeff-bezos-once-made-his-grandmother-cry-trying-to-show-off-his-math-skills-that-day-his-gran" target="_blank" rel="noreferrer noopener">Amazon Founder Jeff Bezos Once Made His Grandmother Cry Trying To Show Off His Math Skills — That Day, His Grandfather Gave Him A Life-Changing Piece Of Wisdom</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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ASML

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Marjorie Taylor Greene Made Large Stock Purchases Ahead Of Trump's 90-Day Tariff Pause: Hakeem Jeffries Calls It 'Problematic'

RBC Capital analyst Scott Hanold maintains Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) with a Sector Perform and lowers the price target from $49 to $40.

RBC Capital Maintains Sector Perform on Devon Energy, Lowers Price Target to $40

Wells Fargo analyst Roger Read maintains Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) with a Overweight and lowers the price target from $46 to $44.

Wells Fargo Maintains Overweight on Devon Energy, Lowers Price Target to $44

Scotiabank analyst Paul Cheng maintains Devon Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) with a Sector Outperform and lowers the price target from $45 to $35.

Scotiabank Maintains Sector Outperform on Devon Energy, Lowers Price Target to $35

AESI

BORR

CRGY

DINO

GLNG

HESM

LBRT

MTDR

PAGP

SDRL

TALO

VNOM

Shares of energy companies are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

CLMT

HAFN

LTBR

Shares of energy stocks are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Management

Press Releases

Devon Energy President and CEO, Rick Muncrief, to Retire March 1, 2025; Clay Gaspar, Devon Chief Operating Officer, to Succeed Muncrief

Devon Energy CEO Announces Retirement

Devon Energy Schedules Fourth-Quarter and Full-Year 2024 Earnings Release and Conference Call

Devon Energy Announces Updates to Executive Leadership Team

WaterBridge Announces Long-Term Commercial Agreements with BPX Energy to Support Delaware Basin Development

Earnings

Dividends

Devon Energy Reports Fourth-Quarter 2024 Results and Declares and Raises Quarterly Dividend

John Krenicki Jr. to Retire from Devon Energy Board of Directors

Devon Energy Schedules First-Quarter 2025 Earnings Release and Conference Call

WaterBridge Announces Open Season on Long-Haul Produced Water Pipeline to Central Basin Platform

Devon Energy Unveils Value Enhancing Business Optimization Plan

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