Jimmy Carter, the 39th president and a Nobel Peace Prize recipient, has died at 100
Devon Energy Co. ( NYSE:DVN – Get Free Report ) shares rose 1.4% during trading on Friday . The stock traded as high as $31.59 and last traded at $31.55. Approximately 2,180,159 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 7,769,669 shares. The stock had previously closed at $31.11. Wall Street Analyst Weigh In A number of research firms recently weighed in on DVN. Wells Fargo & Company dropped their price target on Devon Energy from $49.00 to $43.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Mizuho lowered their target price on Devon Energy from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. TD Cowen reduced their price target on shares of Devon Energy from $54.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Benchmark restated a “hold” rating on shares of Devon Energy in a research report on Tuesday, October 15th. Finally, UBS Group reduced their target price on shares of Devon Energy from $53.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.05. Get Our Latest Report on DVN Devon Energy Stock Up 0.3 % Devon Energy ( NYSE:DVN – Get Free Report ) last issued its quarterly earnings results on Tuesday, November 5th. The energy company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.01. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Devon Energy had a net margin of 21.71% and a return on equity of 24.73%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $1.65 EPS. As a group, sell-side analysts anticipate that Devon Energy Co. will post 4.79 earnings per share for the current fiscal year. Devon Energy Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a $0.22 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.88 annualized dividend and a yield of 2.82%. Devon Energy’s payout ratio is currently 16.33%. Hedge Funds Weigh In On Devon Energy Hedge funds have recently modified their holdings of the stock. Independent Solutions Wealth Management LLC grew its stake in Devon Energy by 38.0% in the third quarter. Independent Solutions Wealth Management LLC now owns 13,781 shares of the energy company’s stock valued at $539,000 after purchasing an additional 3,797 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Devon Energy by 1.0% in the third quarter. Principal Financial Group Inc. now owns 731,978 shares of the energy company’s stock valued at $28,635,000 after buying an additional 7,487 shares in the last quarter. IMS Capital Management increased its holdings in Devon Energy by 49.3% during the third quarter. IMS Capital Management now owns 18,660 shares of the energy company’s stock worth $730,000 after buying an additional 6,165 shares during the last quarter. Franklin Resources Inc. increased its holdings in Devon Energy by 90.1% during the third quarter. Franklin Resources Inc. now owns 1,363,090 shares of the energy company’s stock worth $58,435,000 after buying an additional 646,045 shares during the last quarter. Finally, Peapack Gladstone Financial Corp lifted its stake in Devon Energy by 13.1% in the third quarter. Peapack Gladstone Financial Corp now owns 137,427 shares of the energy company’s stock valued at $5,377,000 after acquiring an additional 15,929 shares during the last quarter. Institutional investors own 69.72% of the company’s stock. About Devon Energy ( Get Free Report ) Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma. Read More Receive News & Ratings for Devon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Devon Energy and related companies with MarketBeat.com's FREE daily email newsletter .179 dead after plane crashes on runway in South Korea
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Home | News | Trump Sides With Musk As Tech Billionaire Vows To Go To War To Defend H 1b Trump sides with Musk as tech billionaire vows to ‘go to war’ to defend H-1B Musk, himself once on an H-1B visa and whose electric vehicle company Tesla, has hired workers using the programme, defended the tech industry's need to bring in foreign workers By AP Published Date - 29 December 2024, 07:09 PM Washington: Elon Musk has received support from President-elect Donald Trump on his stance on H-1B visas, a day after the tech billionaire vowed to “go to war” to defend the programme used to bring skilled foreign workers to the US. Musk, who along with Indian-American tech entrepreneur Vivek Ramaswamy has been tapped by Trump to lead his Department of Government Efficiency (DOGE), argued last week that foreign workers are needed for tech companies like Musk’s SpaceX and Tesla. Musk on Friday blasted a user on X who used a video of Musk discussing SpaceX processes to go after the billionaire’s stance on the visa programme. Also Read Trump says he’s a believer in H-1B visas “The reason I’m in America along with so many critical people who built SpaceX, Tesla and hundreds of other companies that made America strong is because of H1B,” Musk wrote on X. He also used a profane quote from Tom Cruise’s character in the movie “Tropic Thunder” to attack his critics. “Take a big step back and F— YOURSELF in the face,” Musk said. Trump on Saturday sided with Musk, saying he fully backs the programme opposed by some of his supporters. “I’ve always liked the visas, I have always been in favour of the visas. That’s why we have them,” Trump told the New York Post newspaper. “I have many H-1B visas on my properties. I’ve been a believer in H-1B. I have used it many times. It’s a great programme,” Trump said. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. The tech industry has long called for more H-1B visas to attract highly skilled workers to the US. Trump’s first administration restricted the programme in 2020, arguing that it allows businesses to replace Americans with lower-paid foreign workers. Musk, himself once on an H-1B visa and whose electric vehicle company Tesla has hired workers using the programme, defended the tech industry’s need to bring in foreign workers. “Anyone – of any race, creed or nationality – who came to America and worked like hell to contribute to this country will forever have my respect. America is the land of freedom and opportunity. Fight with every fiber of your being to keep it that way!” he wrote on X on Friday. Follow Us : Tags Donald Trump Elon Musk H1B Visa Vivek Ramaswamy Related News Trump says he’s a believer in H-1B visas US Universities urge international students to return before Trump’s 2025 inauguration amid travel ban fears President-elect Trump transfers close to $4 billion worth Trump Media shares to trust Priyanka Chopra Jonas’ fans irked with her hubby Nick Jonas over endorsement of Elon Musk