Devon Energy Corporation (DVN)

DVN price $51.23 -0.41 -0.79%

Ticker
DVN
Price
$51.23
Change
-0.41 -0.79%
Market cap ?
$56.35B
P/E ?
12.21
Forward P/E ?
9.34
Dividend yield ?
2.17%
Beta ?
0.43
Sector
Energy
Industry
Oil & Gas Exploration & Production
Stocklytics score
51
Value
57
Quality
40
Growth
56

Stocklytics score rationale: value 57, quality 40, growth 56.

Financials

2016201720182019202020212022202320242025
1030400000065010000008896000000622000000048280000001220600000019169000000152580000001594000000017188000000

As an independent energy producer, Devon Energy Corporation primarily focuses on the exploration, development, and extraction of oil, natural gas, and natural gas liquids within the United States. The company manages roughly 5,134 gross wells. Established in 1971, its corporate headquarters are located in Oklahoma City, Oklahoma.

Fair value

DVN fair value $53.83. Price $51.23. Price is about fair value.

Above fair value, and more expensive than usual. A larger premium than on more than 99% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 1.67B. Growth 20.00% in year 1, held for five years, then fading in a straight line to terminal growth by year 10. Year-1 growth is analyst revenue growth, or 5-year historical revenue growth when that forecast is missing, kept between 0% and 20%. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. Years 1 to 5 grow at the year-1 rate, and years 6 to 10 fade in a straight line to terminal growth of 3%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 1.10B. Net debt 7.35B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare DVN

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-05—1.31—6.57B
2026-08-041.571.407.42B6.01B
2026-05-051.041.063.81B4.34B
2026-02-170.820.814.12B4.00B
2025-11-051.040.934.25B4.14B
2025-08-050.840.864.05B4.03B
2025-05-061.211.244.45B4.43B
2025-02-181.161.004.62B4.21B
2024-11-051.101.093.74B3.72B
2024-08-061.411.263.84B3.90B
2024-05-011.161.113.74B3.64B
2024-02-271.411.413.82B3.88B
2023-11-071.651.573.84B3.54B
2023-08-011.181.183.45B3.74B
2023-05-081.461.383.82B3.94B
2023-02-141.661.754.30B3.84B
2022-11-012.182.125.43B4.15B
2022-08-012.592.385.63B4.15B
2022-05-021.881.753.81B4.05B
2022-02-151.391.214.27B3.72B
2021-11-021.080.933.47B3.17B
2021-08-030.600.532.42B2.42B
2021-05-040.450.351.76B2.16B
2021-02-16-0.27-0.131.28B12.67B
2020-10-29-0.04-0.081.07B2.67M
2020-08-04-0.18-0.26394.00M569.11M
2020-05-050.13-0.182.09B3.53B
2020-02-180.330.291.59B1.09B
2019-11-050.290.161.85B1.29B
2019-08-060.430.361.92B2.67B
2019-04-300.360.301.50B839.22M
2019-02-190.100.313.71B9.40B
2018-11-060.630.432.58B1.39B
2018-07-310.340.372.25B2.04B
2018-05-010.200.193.81B2.20B
2018-02-200.380.633.98B3.95B
2017-10-310.460.383.16B1.60B
2017-08-010.340.333.26B2.04B
2017-05-020.410.403.55B2.34B
2017-02-140.250.192.81B2.36B

Dividends

Yield 2.19%. Payout ratio 25.03%. Frequency Quarterly.

Safety score 85/100 · Safe. Payout ratio is 25% of earnings. Dividends use most of free cash flow. Dividends were paid in 34 separate years. Yield is 2.2%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-09-15$0.322026-09-152026-09-30Quarterly
2026-06-15$0.322026-06-152026-06-30Quarterly
2026-03-13$0.242026-03-132026-03-31Quarterly
2025-12-15$0.242025-12-152025-12-30Quarterly
2025-09-15$0.242025-09-152025-09-30Quarterly
2025-06-13$0.242025-06-132025-06-30Quarterly
2025-03-14$0.242025-03-142025-03-31Quarterly
2024-12-13$0.222024-12-132024-12-30Quarterly
2024-09-13$0.442024-09-132024-09-30Special
2024-06-14$0.352024-06-142024-06-28Special
2024-03-14$0.442024-03-152024-03-28Special
2023-12-14$0.772023-12-152023-12-29Special
2023-09-14$0.492023-09-152023-09-29Special
2023-06-14$0.722023-06-152023-06-30Special
2023-03-14$0.892023-03-152023-03-31Special
2022-12-09$1.352022-12-122022-12-30Special
2022-09-09$1.552022-09-122022-09-30Special
2022-06-10$1.272022-06-132022-06-30Special
2022-03-11$1.002022-03-142022-03-31Special
2021-12-09$0.842021-12-102021-12-30Special
2021-09-10$0.492021-09-132021-09-30Special
2021-06-11$0.342021-06-142021-06-30Special
2021-03-12$0.302021-03-152021-03-31Special
2020-12-10$0.112020-12-112020-12-30Quarterly
2020-09-11$0.112020-09-142020-09-30Quarterly
2020-08-13$0.262020-08-142020-10-01Special
2020-06-12$0.112020-06-152020-06-30Quarterly
2020-03-12$0.092020-03-132020-03-31Quarterly
2019-12-12$0.092019-12-132019-12-27Quarterly
2019-09-12$0.092019-09-132019-09-27Quarterly
2019-06-13$0.092019-06-142019-06-28Quarterly
2019-03-14$0.082019-03-152019-03-29Quarterly
2018-12-13$0.082018-12-142018-12-28Quarterly
2018-09-13$0.082018-09-142018-09-28Quarterly
2018-06-14$0.082018-06-152018-06-29Quarterly
2018-03-14$0.062018-03-152018-03-29Quarterly
2017-12-14$0.062017-12-152017-12-29Quarterly
2017-09-14$0.062017-09-152017-09-29Quarterly
2017-06-13$0.062017-06-152017-06-30Quarterly
2017-03-13$0.062017-03-152017-03-31Quarterly
2016-12-13$0.062016-12-152016-12-30Quarterly
2016-09-13$0.062016-09-152016-09-30Quarterly
2016-06-13$0.062016-06-152016-06-30Quarterly
2016-03-11$0.242016-03-152016-03-31Quarterly
2015-12-11$0.242015-12-152015-12-31Quarterly
2015-09-11$0.242015-09-152015-09-30Quarterly
2015-06-11$0.242015-06-152015-06-30Quarterly
2015-03-11$0.242015-03-132015-03-31Quarterly
2014-12-10$0.242014-12-122014-12-31Quarterly
2014-09-10$0.242014-09-122014-09-30Quarterly
2014-06-11$0.242014-06-132014-06-30Quarterly
2014-03-12$0.222014-03-142014-03-31Quarterly
2013-12-11$0.222013-12-132013-12-31Quarterly
2013-09-11$0.222013-09-132013-09-30Quarterly
2013-06-12$0.222013-06-142013-06-28Quarterly
2013-03-13$0.202013-03-152013-03-29Quarterly
2012-12-12$0.202012-12-142012-12-31Quarterly
2012-09-12$0.202012-09-142012-09-28Quarterly
2012-06-13$0.202012-06-152012-06-29Quarterly
2012-03-13$0.172012-03-152012-03-30Quarterly
2011-12-13$0.172011-12-152011-12-30Quarterly
2011-09-13$0.172011-09-152011-09-30Quarterly
2011-06-13$0.172011-06-152011-06-30Quarterly
2011-03-11$0.162011-03-152011-03-31Quarterly
2010-12-13$0.162010-12-152010-12-31Quarterly
2010-09-13$0.162010-09-152010-09-30Quarterly
2010-06-11$0.162010-06-152010-06-30Quarterly
2010-03-11$0.162010-03-152010-03-31Quarterly
2009-12-11$0.162009-12-152009-12-31Quarterly
2009-09-11$0.162009-09-152009-09-30Quarterly
2009-06-11$0.162009-06-152009-06-30Quarterly
2009-03-12$0.162009-03-162009-03-31Quarterly
2008-12-11$0.162008-12-152008-12-31Quarterly
2008-09-12$0.162008-09-162008-09-30Quarterly
2008-06-12$0.162008-06-162008-06-30Quarterly
2008-03-12$0.162008-03-172008-03-31Quarterly
2007-12-12$0.142007-12-142007-12-28Quarterly
2007-09-12$0.142007-09-142007-09-28Quarterly
2007-06-13$0.142007-06-152007-06-29Quarterly
2007-03-13$0.142007-03-152007-03-30Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-09-14Gaspar Clay MBuy3.91K$51.08199.88K
2026-09-14Lowe Robert Ferrall IIISell6.76K$50.95344.22K
2026-09-10Gaspar Clay MBuy53.98K——
2026-08-20Smith Kevin WilliamOther0——
2026-08-20Hellman Thomas JeffreyOther0——
2026-07-01JORDEN THOMAS EBuy7.68K——
2026-07-01JORDEN THOMAS ESell7.68K——
2026-06-30KINDICK KELTBuy5.57K——
2026-06-30Fox Ann GBuy5.57K——
2026-06-30Brock Amanda MBuy5.57K——
2026-06-30Hernandez Jacinto JBuy5.57K——
2026-06-30Kurz Karl FBuy5.57K——
2026-06-30Shellebarger Jeffrey EarleBuy5.57K——
2026-06-30SMOLIK BRENT JBuy5.57K——
2026-06-30WATTS MARCUS ABuy5.57K——
2026-06-30JORDEN THOMAS EBuy7.68K——
2026-06-30Williams ValerieBuy5.57K——
2026-06-10Lowe Robert Ferrall IIIBuy30.04K——
2026-06-10Alexander AndreaSell18.00K$46.74841.32K
2026-05-15JORDEN THOMAS EBuy315.89K——
2026-05-15JORDEN THOMAS ESell52.81K$49.492.61M
2026-05-15JORDEN THOMAS ESell49.67K$49.492.46M
2026-05-15JORDEN THOMAS ESell52.81K$49.492.61M
2026-05-15JORDEN THOMAS ESell49.67K$49.492.46M
2026-05-15JORDEN THOMAS ESell315.89K——
2026-05-14Vela Adam MSell24.34K$47.211.15M
2026-05-11Ritenour Jeffrey LSell70.03K$46.663.27M
2026-05-07Young, III Shannon E.Buy48.80K——
2026-05-07Young, III Shannon E.Buy48.20K——
2026-05-07Young, III Shannon E.Buy97.00K——
2026-05-07Young, III Shannon E.Buy129.49K$0.1012.95K
2026-05-07WATTS MARCUS ABuy55.73K$0.105.57K
2026-05-07Vela Adam MBuy25.62K——
2026-05-07Vela Adam MBuy27.54K——
2026-05-07Vela Adam MBuy53.16K——
2026-05-07Vela Adam MBuy48.56K$0.104.86K
2026-05-07SIRGO BLAKE ABuy33.55K——
2026-05-07SIRGO BLAKE ABuy36.72K——
2026-05-07SIRGO BLAKE ABuy70.27K——
2026-05-07SIRGO BLAKE ABuy58.50K$0.105.85K
2026-05-07JORDEN THOMAS EBuy2.09M$0.10209.29K
2026-05-07JORDEN THOMAS EBuy134.19K——
2026-05-07JORDEN THOMAS EBuy126.23K——
2026-05-07JORDEN THOMAS EBuy260.42K——
2026-05-07Shellebarger Jeffrey EarleBuy6.50K$0.10650
2026-05-07Hernandez Jacinto JBuy6.80K$0.10680
2026-05-07DeShazer Michael D.Buy33.55K——
2026-05-07DeShazer Michael D.Buy36.72K——
2026-05-07DeShazer Michael D.Buy70.27K——
2026-05-07DeShazer Michael D.Buy63.78K$0.106.38K
2026-05-07Conaway Gregory FBuy18.36K$0.101.84K
2026-05-07Brock Amanda MBuy55.73K$0.105.57K
2026-05-07Alexander AndreaBuy24.40K——
2026-05-07Alexander AndreaBuy22.95K——
2026-05-07Alexander AndreaBuy47.35K——
2026-05-07Alexander AndreaBuy61.83K$0.106.18K
2026-05-07Young, III Shannon E.Other0——
2026-05-07WATTS MARCUS AOther0——
2026-05-07Vela Adam MOther0——
2026-05-07SIRGO BLAKE AOther0——
2026-05-07Shellebarger Jeffrey EarleOther0——
2026-05-07JORDEN THOMAS EOther0——
2026-05-07Hernandez Jacinto JOther0——
2026-05-07DeShazer Michael D.Other0——
2026-05-07Conaway Gregory FOther0——
2026-05-07Brock Amanda MOther0——
2026-05-07Alexander AndreaOther0——
2026-02-10Sherrer John BennettBuy3.74K——
2026-02-10Sherrer John BennettSell164$43.487.13K
2026-02-10Sherrer John BennettSell137$43.485.96K
2026-02-10Sherrer John BennettSell257$43.4811.17K
2026-02-10Sherrer John BennettSell343$43.4814.91K
2026-02-10Ritenour Jeffrey LBuy34.96K——
2026-02-10Ritenour Jeffrey LSell9.39K$43.48408.32K
2026-02-10Ritenour Jeffrey LSell4.86K$43.48211.49K
2026-02-10Ritenour Jeffrey LSell3.94K$43.48171.53K
2026-02-10Ritenour Jeffrey LSell2.48K$43.48108.05K
2026-02-10Ritenour Jeffrey LSell2.69K$43.48116.87K
2026-02-10Raines John DavidBuy16.56K——
2026-02-10Raines John DavidSell1.63K$43.4870.92K
2026-02-10Raines John DavidSell1.92K$43.4883.48K
2026-02-10Raines John DavidSell974$43.4842.35K
2026-02-10Raines John DavidSell647$43.4828.13K
2026-02-10Raines John DavidSell840$43.4836.52K
2026-02-10Lowe Robert Ferrall IIIBuy17.25K——
2026-02-10Lowe Robert Ferrall IIIBuy9.20K——
2026-02-10Lowe Robert Ferrall IIISell1.09K$43.4847.31K
2026-02-10Lowe Robert Ferrall IIISell1.09K$43.4847.31K
2026-02-10Lowe Robert Ferrall IIISell649$43.4828.22K
2026-02-10Lowe Robert Ferrall IIISell432$43.4818.78K
2026-02-10Lowe Robert Ferrall IIISell525$43.4822.83K
2026-02-10Hellman Thomas JeffreyBuy16.56K——
2026-02-10Hellman Thomas JeffreySell1.92K$43.4883.48K
2026-02-10Gaspar Clay MBuy68.31K——
2026-02-10Gaspar Clay MSell10.44K$43.48453.71K
2026-02-10Gaspar Clay MSell10.24K$43.48445.24K
2026-02-10Gaspar Clay MSell4.26K$43.48185.09K
2026-02-10Gaspar Clay MSell2.76K$43.48120.05K
2026-02-10Gaspar Clay MSell3.19K$43.48138.74K
2026-02-10Cashion Tana KBuy15.64K——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 1.55K, holders +227 vs prior quarter. Ownership 112.50%.

HolderSharesChangeChange %Value
BLACKROCK, INC.95.38M34.87M+57.63%3.94B
VANGUARD CAPITAL MANAGEMENT LLC75.35M35.02M+86.84%3.11B
STATE STREET CORP73.18M34.62M+89.76%3.02B
VANGUARD PORTFOLIO MANAGEMENT LLC57.26M22.93M+66.77%2.37B
WELLINGTON MANAGEMENT GROUP LLP51.52M41.58M+418.28%2.13B
CHARLES SCHWAB INVESTMENT MANAGEMENT INC38.32M19.15M+99.90%1.58B
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.38.32M38.32MNew1.58B
GEODE CAPITAL MANAGEMENT, LLC30.52M13.77M+82.19%1.26B
DAVIS SELECTED ADVISERS25.30M25.30MNew1.05B
INVESCO LTD.24.15M5.19M+27.40%997.83M
MORGAN STANLEY23.51M11.79M+100.51%971.59M
VICTORY CAPITAL MANAGEMENT INC16.99M7.86M+86.07%702.13M
DIMENSIONAL FUND ADVISORS LP16.91M7.30M+76.01%698.69M
TOMS CAPITAL INVESTMENT MANAGEMENT LP13.71M13.71MNew566.50M
D. E. SHAW & CO., INC.12.04M8.21M+214.11%497.69M
NORTHERN TRUST CORP11.13M5.12M+85.38%459.76M
GOLDMAN SACHS GROUP INC10.93M5.64M+106.59%451.45M
TOMS CAPITAL INVESTMENT MANAGEMENT LP10.26M10.26MNew423.90M
BANK OF AMERICA CORP /DE/10.19M3.98M+64.04%421.23M
GQG PARTNERS LLC9.74M-6.43M-39.75%402.56M
BANK OF NEW YORK MELLON CORP9.63M5.57M+137.44%397.83M
CITADEL ADVISORS LLC8.87M8.01M+934.37%366.54M
JPMORGAN CHASE & CO8.72M4.66M+114.98%366.14M
MILLENNIUM MANAGEMENT LLC8.48M7.48M+752.75%350.28M
ADAGE CAPITAL PARTNERS GP, L.L.C.8.45M7.61M+904.33%349.09M

Forecast

Consensus Buy from 64 analysts. Average price target $62.56, +22.1% versus the current price. Low $54.00. High $68.00.

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