DEVON ENERGY CORP/DE
At today's price, DEVON ENERGY CORP/DE (DVN) is priced for +3.5% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
Devon's case runs on free cash flow and capital returns: Q1 2026 generated $816 million of free cash flow with capex 6% below guidance, funding a dividend increase of more than 30% and a planned resumption of buybacks above the legacy level after the merger. The Coterra merger closed May 7, 2026, creating a large-cap Delaware Basin shale operator (Devon holders own about 54%, Coterra holders 46%) with $1 billion of annual pre-tax synergies targeted by year-end 2027, the dominant near-term drive
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1,207 institutional managers reported holding DVN in 13F filings for the quarter ended 2026-03-31. Together they hold about 87% of the company; the top 10 hold 46%. 206 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 29.5M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
DVN has cut its share count 8.2% over the past five years, spending $5.04B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting); the current rate is $0.67 a share annually. Cash returned over the past three years: $2.51B in dividends and $2.68B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at DVN over the trailing three years: 2024: 1 buy totaling $666k. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
DVN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | -7.9% | -15.7% |
| 2023-11-09 | -5.4% | -1.3% |
| 2024-02-29 | +0.5% | +14.3% |
| 2024-05-03 | -1.6% | -7.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
DVN's latest 8-K filings: 2026-06-30 (items 5.07); 2026-06-25 (items 1.01, 2.03, 8.01, 9.01); 2026-06-05 (items 8.01, 9.01); 2026-05-22 (items 8.01, 9.01); 2026-05-21 (items 7.01, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.