DVN
NYSE · Energy
Devon Energy Corp
$43.05
+0.93 (+2.21%)
DVN News10 articles
Devon Energy's $2.6B Permian Deal Faces Investor Scrutiny
Devon Energy closed at $47.22 Friday after a 4.6% weekly drop, as analysts question the $2.6 billion Delaware Basin deal. Investors await Tuesday's market open for full reaction.
Brent Crude Surges Past $105 on Hormuz Supply Concerns
Brent crude rose 3.2% to $105.88 on Friday as traders doubted a swift U.S.-Iran deal would restore oil flows through the Strait of Hormuz. The IEA warned of a potential supply red zone by August.
Devon Energy Surges 4.76% After Coterra Merger Close, Eyes $50 Resistance
Devon Energy shares surged 4.76% to $49.49 Friday, outperforming peers after closing its Coterra merger and unveiling an $8 billion buyback. Oil prices climbed above $105, supporting the stock.
Devon Energy Rises on Oil Price Surge and $8B Buyback Approval
Devon Energy shares climbed 4.76% on Friday to $49.49, buoyed by rising oil prices and an $8 billion buyback plan. The stock remains below its 52-week high of $52.71.
Devon Completes Coterra Merger, Igniting Shale M&A Surge
Devon Energy completed its all-stock merger with Coterra Energy, ending CTRA trading on the NYSE. The $25B deal pushed US upstream M&A to a two-year high, with Devon targeting $1B in annual synergies and launching an $8B buyback.
Devon Energy's $58B Coterra Merger Faces Investor Scrutiny
Devon Energy closed its $58 billion all-stock merger with Coterra, launching an $8 billion buyback and higher dividend. Investors now watch for execution risks.
Coterra Merger Concludes, Puts Devon Energy's Strategy to the Test
Coterra Energy shares stopped trading as its merger with Devon Energy closed, converting each share into 0.70 Devon share. The deal now tests Devon's ability to deliver on promised synergies.
Coterra Energy Delisted After Devon Merger, Combined Entity Targets $1B in Synergies
Coterra Energy shares have stopped trading on the NYSE after Devon Energy completed its all-stock acquisition. Former Coterra holders received 0.70 Devon shares per Coterra share, and the merged firm now trades under DVN.
Coterra Energy Delisted After Devon Merger; New Buyback and Dividend Announced
Devon Energy has completed its all-stock acquisition of Coterra Energy, delisting CTRA from the NYSE. Shareholders received 0.70 Devon shares per Coterra share, plus cash for fractions.
Veeva Systems Joins S&P 500, Stock Jumps 10.5%
Veeva Systems shares jumped 10.5% to $172.29 after S&P Dow Jones Indices announced the company will join the S&P 500 on May 7, replacing Coterra Energy.