Devon Energy Corporation (DVN) Stock Price & Analysis
Devon Energy Corporation (DVN) closed at USD 49.18 on Thursday, October 22, 2026, down 1.38% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 49.18; the Oct 22, 2026 session ranged USD 48.4–50.51 on volume of 9,475,897 shares. Market capitalization is —, with a 52-week range of USD 31.65–52.71 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DVN.md
Key facts (DVN)
- Last four reported quarters (through Jun 30, 2026): revenue $20.4B, net income $3.28B (16.1% margin), free cash flow $4.69B (SEC filings).
- 5 of 80 tracked superinvestors hold DVN (13F, Q2 2026 (1 investor on Q3 2026, filed early)): 1 new, 4 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $5.6M; 4 not under a Rule 10b5-1 plan ($5.6M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $200K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.86 on a 1–5 scale) (28 analysts), mean target USD 61.5 (range 44–74).
- Total return with dividends: 1Y +50.8% vs S&P 500 +14.9%; 5Y +54.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 1.29, revenue estimate $6.85B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DVN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $13.8B | $19.8B | $15.3B | $15.9B | $17.2B | $20.4B |
| Net income | $2.81B | $6.03B | $3.74B | $2.89B | $2.64B | $3.28B |
| EPS (diluted) | $4.19 | $9.12 | $5.84 | $4.56 | $4.17 | — |
| Free cash flow | $2.91B | $5.99B | $2.66B | $2.96B | $3.12B | $4.69B |
| Net margin | 20.5% | 30.4% | 24.5% | 18.1% | 15.4% | 16.1% |
| Revenue growth | +184.8% | +44.2% | -23.0% | +4.5% | +7.8% | — |
| Cash + short-term investments | $2.10B | $1.31B | $853M | $811M | $1.38B | — |
| Total debt | $6.48B | $6.44B | $6.16B | $8.88B | $8.39B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (DVN)
P/E at fiscal year-ends: Dec 2025 8.8x, Dec 2024 7.2x, Dec 2023 7.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (DVN)
5 of 80 tracked investors hold DVN (1 investor on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change | Quarter |
|---|---|---|---|---|---|
| John Armitage | Egerton Capital | 5.08% | $499M | Added +43.3% | Q3 2026 |
| Christopher Davis | Davis Advisors | 4.49% | $1.05B | New position | Q2 2026 |
| Van Den Berg Management I | 0.55% | $2.6M | Added +117.1% | Q2 2026 | |
| Yacktman Asset Management | 0.26% | $21.1M | Added +11.3% | Q2 2026 | |
| Tweedy Browne | 0.11% | $1.4M | Added +33.3% | Q2 2026 |
Insider sales (SEC Form 4, open-market, last ~7 months) (DVN)
0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-14 | Lowe Robert Ferrall Iii | EVP EXPLORATION & PRODUCTION | 6,756 | $344K | 8.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-10 | Alexander Andrea | SVP & CHIEF ADMIN OFFICER | 18,000 | $841K | 11.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-14 | Vela Adam M | SVP & GENERAL COUNSEL | 24,342 | $1.1M | 15.7% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-11 | Ritenour Jeffrey L | EVP & CHIEF CORP DEV OFFICER | 70,029 | $3.3M | 14% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (DVN)
1 purchase, $200K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-14 | Gaspar Clay M | PRESIDENT AND CEO | 3,913 | $200K | 51.08 | Too little history (no open-market trades in 2024 or 2025) |
Analysts (DVN)
Consensus Buy (mean 1.86 on a 1–5 scale), 28 analysts; mean target USD 61.5 (low 44, high 74).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | Mizuho | Target lowered | Outperform | $68 → $65 |
| 2026-10-15 | Scotiabank | Initiated | Sector Outperform | $61 |
| 2026-10-15 | Morgan Stanley | Target raised | Overweight | $63 → $65 |
| 2026-10-09 | Barclays | Target raised | Overweight | $58 → $60 |
| 2026-10-07 | UBS | Target raised | Buy | $63 → $65 |
| 2026-10-07 | Truist Securities | Target lowered | Buy | $65 → $61 |
| 2026-10-02 | JP Morgan | Target raised | Overweight | $60 → $65 |
| 2026-09-28 | Wells Fargo | Target lowered | Overweight | $65 → $64 |
| 2026-09-14 | Raymond James | Target raised | Strong Buy | $64 → $67 |
| 2026-09-14 | UBS | Target raised | Buy | $55 → $63 |
| 2026-09-03 | Seaport Global | Initiated | Buy | $65 |
| 2026-08-31 | Citigroup | Target raised | Buy | $65 → $67 |
Total return (dividends reinvested) (DVN)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +50.8% | +54.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +51.0% | +9.0% |
| Volatility (annualized) | 34.2% | 39.9% |
| Max drawdown | -22.1% (Mar 2026→Jul 2026) | -58.0% (Oct 2022→Apr 2025) |
DVN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.29 | $1.22 | +6.2% | $6.85B | 21 |
| Next quarter (ends Dec 2026) | $1.45 | $1.25 | +16.3% | $7.28B | 19 |
| Current fiscal year (ends Dec 2026) | $5.52 | $5.08 | +8.8% | $25.49B | 23 |
| Next fiscal year (ends Dec 2027) | $5.00 | $5.05 | -1.0% | $26.47B | 13 |
Key Statistics (as of October 23, 2026 at 09:26 UTC)
| Price | USD 49.18 |
|---|---|
| Change | ▼ 1.38% (down) |
| Previous Close | USD 49.18 |
| Open | USD 49.18 |
| Day Range | USD 48.4 – 50.51 |
| 52-Week Range | USD 31.65 – 52.71 |
| Volume | 9,475,897 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (DVN)
Nexqual's technical model rates DVN "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 09:26 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 51.78 (neutral) |
| vs SMA50 | Above (USD 48.39) |
| MACD | 0.61 (positive) |
Analyst Ratings (DVN)
Wall Street analysts rate DVN "Buy" based on 28 analysts, with a mean price target of USD 61.5 (range USD 44–74), per Nexqual as of October 23, 2026 at 09:26 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 28 |
| Mean Target | USD 61.5 |
| High Target | USD 74 |
| Low Target | USD 44 |
| Buy / Hold / Sell | 27 / 1 / 0 |
Earnings (DVN)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 1.29 |
| Revenue Estimate | $6.85B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.57 vs est 1.41 ▲ beat |
| 2026-03-31 | USD 1.04 vs est 1.09 ▼ miss |
| 2025-12-31 | USD 0.82 vs est 0.83 ▼ miss |
| 2025-09-30 | USD 1.04 vs est 0.94 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financials & Fundamentals (DVN)
| Total Revenue | $18.78B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +64.20% |
| Gross Margin | +50.35% |
| Operating Margin | +41.08% |
| Profit Margin | +17.46% |
| ROE | +11.52% |
| Debt / Equity | 0.28 |
| Current Ratio | 0.72 |
| Total Cash | $950.00M |
| Total Debt | $11.89B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $4.69B (23.0% of revenue) |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financial Health Score (DVN)
Nexqual rates Devon Energy Corporation's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:26 UTC.
| Growth | Solid — Revenue +8% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 50%, operating 41% (last 12 months) |
| Balance Sheet | Solid — $950M cash and investments vs $11.4B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $4.69B (last 4 quarters to Jun 2026, SEC), 23% margin |
| Efficiency | Mixed — ROE 12%, ROA 5.9% |
Ownership (DVN)
| Insider Ownership | +0.77% |
|---|---|
| Institutional Ownership | +95.64% |
| Shares Outstanding | 1.10B |
| Float | 1.09B |
| Short % of Float | +2.72% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Leadership (DVN)
Devon Energy Corporation is led by Clay M. Gaspar, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:26 UTC.
| President, CEO & Director | Clay M. Gaspar |
|---|---|
| Co-Founder & Chairman Emeritus | J. Larry Nichols |
| Executive VP & CFO | Shannon E. Young |
| Executive Vice President of Operations | Blake A. Sirgo |
| Senior Vice President of Corporate Finance | Daniel Dennis Guffey C.F.A. |
Major Backers & Investors (DVN)
Notable institutional backers of Devon Energy Corporation include Wellington Management, Charles Schwab Investment Management, Inc., Charles Schwab, according to Nexqual as of October 23, 2026 at 09:26 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Wellington Management | 4.68% |
| Charles Schwab Investment Management, Inc. | 3.48% |
| Charles Schwab | 2.5% |
| Davis Selected Advisers | 2.3% |
| Invesco | 2.2% |
| Morgan Stanley | 2.14% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 12.06% |
| BlackRock | 8.67% |
| State Street | 6.65% |
| Geode Capital | 2.77% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Peers & Related Stocks
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|---|---|---|---|
| FANG | Diamondback Energy, Inc. | USD 197.14 | ▼ 1.89% |
| OXY | Occidental Petroleum Corporatio | USD 62.5 | ▼ 0.32% |
| EOG | EOG Resources, Inc. | USD 157.96 | ▲ 0.05% |
| EQT | EQT Corporation | USD 54.67 | ▲ 1.11% |
| CNQ | Canadian Natural Resources Limi | USD 53.92 | ▼ 0.59% |
| TPL | Texas Pacific Land Corporation | USD 333.67 | ▼ 3.09% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:26 UTC. This page is informational and not investment advice.
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