This Is What Whales Are Betting On Devon Energy - Devon Energy (NYSE:DVN)

Core Insights - Investors are showing a bullish stance on Devon Energy (NYSE:DVN), with significant options trading activity indicating potential price movements [1][2] - The overall sentiment among large investors is split, with 36% bullish and 36% bearish positions noted [3] - Significant investors are targeting a price range of $25.0 to $40.0 for Devon Energy over the past three months [4] Options Activity - A total of 11 options trades were identified, with 10 calls amounting to $395,108 and 1 put totaling $28,764 [2][3] - Noteworthy options activity includes several bullish trades, with significant volumes and open interest observed for various strike prices [9] Company Overview - Devon Energy is a major oil and gas producer, primarily operating in the Permian Basin, with net proved reserves of 2.2 billion barrels of oil equivalent as of the end of 2024 [10] - The company averaged a net production of approximately 848,000 barrels of oil equivalent per day in 2024, with a composition of 73% oil and natural gas liquids and 27% natural gas [10] Analyst Ratings - Recent analyst ratings suggest a positive outlook for Devon Energy, with an average target price of $48.5 from two experts [12] - Analysts from Susquehanna and Piper Sandler maintain positive ratings, targeting prices of $42 and $55 respectively [13] Current Market Position - As of the latest data, Devon Energy's stock price is $35.62, reflecting a 0.96% increase, with a trading volume of 6,702,125 [15]