Devon Energy Corp Stock Research

Market Summary

USD46.85-0.91

Market Closed

-1.91%

DVN Alerts

3 major insider buys and 1 major insider sales recently.

DVN Stock Price

DVN RSI Chart

DVN Valuation

Market Cap

49.8B

Price/Earnings (Trailing)

9.45

Price/Sales (Trailing)

2.71

EV/EBITDA

13.23

Price/Free Cashflow

6.44

DVN Price/Sales (Trailing)

DVN Profitability

EBT Margin

6.14%

Return on Equity

53.86%

Return on Assets

25.36%

Free Cashflow Yield

15.53%

DVN Fundamentals

DVN Revenue

Revenue (TTM)

19.8B

Revenue Y/Y

2.38%

Revenue Q/Q

-16.05%

DVN Earnings

Earnings (TTM)

6.0B

Earnings Y/Y

-20.25%

Earnings Q/Q

-36.56%

Price Action

52 Week Range

44.0378.82

(Low)(High)

Last 7 days

1.3%

Last 30 days

-12.8%

Last 90 days

-25.0%

Trailing 12 Months

-22.8%

DVN Financial Health

Current Ratio

1.25

DVN Investor Care

Buy Backs (1Y)

3.44%

Diluted EPS (TTM)

9.12

Peers (Alternatives to Devon Energy)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
EOG	60.9B	25.7B	-12.32%	-11.45%	7.85	2.37	37.87%	66.36%
OXY	60.4B	37.1B	-2.37%	-1.82%	4.68	1.64	40.97%	472.95%
DVN	49.8B	19.8B	-12.80%	-22.77%	9.45	2.71	44.20%	113.83%
PXD	45.2B	24.4B	-8.11%	-23.73%	5.77	1.85	36.45%	270.40%
FANG	22.8B	9.6B	-5.39%	-5.44%	5.21	2.37	41.87%	101.01%
APA	14.4B	11.9B	-10.98%	-15.74%	4.67	1.31	50.58%	232.96%
MID-CAP
OVV	8.6B	14.3B	-18.62%	-33.34%	2.35	0.6	36.25%	156.85%
RRC	5.8B	5.3B	4.25%	-14.47%	4.92	1.09	49.01%	187.38%
MTDR	5.3B	3.2B	-22.72%	-17.58%	4.39	1.67	71.67%	107.57%
OAS	4.4B	3.6B	-33.88%	7.97%	4.99	1.94	130.82%	480.77%
KOS	3.0B	2.2B	-12.02%	0.61%	13.26	1.34	68.57%	391.06%
CRK	2.8B	3.6B	-10.88%	-10.09%	2.45	0.77	96.03%	571.98%
CPE	1.9B	3.2B	-13.57%	-47.89%	1.55	0.58	60.18%	231.32%
SMALL-CAP
PARR	1.7B	7.3B	4.64%	131.86%	4.53	0.23	55.45%	547.97%
LPI	805.4M	1.9B	-8.19%	-35.44%	1.28	0.42	37.78%	335.50%

Financials for Devon Energy

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.5%	19,827	19,726	18,343	15,667	13,750
S&GA Expenses	7.3%	395	368	368	378	391
EBITDA	-0.2%	3,298	3,306	-	-	-
EBITDA Margin	-14.8%	0.18*	0.21*	-	-	-
EBT Margin	-14.6%	0.06*	0.07*	-	-	-
Interest Expenses	0%	370	370	370	390	404
Net Income	-4.8%	6,015	6,320	5,265	3,589	2,813
Net Income Margin	-5.3%	0.30*	0.32*	0.21*	0.23*	-
Free Cahsflow	3.6%	8,530	8,235	7,729	4,175	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.7%	23,721	23,557	23,194	21,778	21,025
Current Assets	-2.9%	3,891	4,009	6,351	4,973	4,249
Cash Equivalents	12.7%	1,314	1,166	3,457	2,625	2,099
Inventory	76.3%	201	114	-	-	-
Net PPE	1.8%	18,106	17,793	15,113	15,074	15,008
Goodwill	0%	753	753	753	753	753
Current Liabilities	-10.3%	3,105	3,460	4,094	3,754	3,087
. Short Term Borrowings	-1.6%	251	255	-	-	-
LT Debt, Non Current	-0.1%	6,189	6,196	6,461	6,471	6,482
Shareholder's Equity	2.7%	11,167	10,873	10,226	9,435	9,262
Retained Earnings	7.9%	4,297	3,981	3,107	2,013	1,692
Additional Paid-In Capital	-0.5%	6,921	6,956	7,060	7,371	7,636
Minority Interest	-3.7%	129	134	136	135	137

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	3.6%	8,530	8,235	7,729	6,144	4,899
Share Based Compensation	4.8%	88.00	84.00	81.00	78.00	99.00
Cashflow From Investing	-6.5%	-5,123	-4,812	-2,188	-1,970	-1,574
Cashflow From Financing	4.7%	-4,213	-4,422	-3,616	-3,427	-3,292
Buy Backs	-42.6%	718	1,250	1,124	800	589

Risks for DVN

What is the probability of a big loss on DVN?

83.1%

Probability that Devon Energy stock will be more than 20% underwater in next one year

66.2%

Probability that Devon Energy stock will be more than 30% underwater in next one year.

44.6%

Probability that Devon Energy stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does DVN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Devon Energy was unfortunately bought at previous high price.

Drawdowns

Returns for DVN

Cumulative Returns on DVN

0.5%

10-Year Cumulative Returns

11.4%

7-Year Cumulative Returns

11.6%

5-Year Cumulative Returns

106.0%

3-Year Cumulative Returns

What are the long-term rolling returns for DVN?

FIve years rolling returns for Devon Energy.

Annualized Returns

Which funds bought or sold DVN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	25.09	941,751	4,312,750	0.12%
2023-03-10	MATHER GROUP, LLC.	added	1.19	9,549	276,549	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-1.21	3,787,780	361,657,000	0.40%
2023-03-07	Nordwand Advisors, LLC	new	-	6,641,540	6,641,540	0.83%
2023-03-06	OLD MISSION CAPITAL LLC	new	-	481,746	481,746	0.01%
2023-03-06	Rockefeller Capital Management L.P.	added	27.28	3,344,000	14,423,000	0.07%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	added	1.17	2,500	74,500	0.04%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	266,953	266,953	-%
2023-03-01	Regal Investment Advisors LLC	sold off	-100	-213,000	-	-%
2023-03-01	Lakewood Asset Management LLC	new	-	62,000	62,000	0.05%

Latest Funds Activity

Are funds buying DVN calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own DVN

No. of Funds

DVN Alerts

3 major insider buys and 1 major insider sales recently.

Devon Energy News

Schedule 13G FIlings of Devon Energy

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	11.91%	77,845,552	SC 13G/A
Feb 06, 2023	state street corp	6.60%	43,147,852	SC 13G/A
Jan 25, 2023	blackrock inc.	8.7%	56,828,011	SC 13G/A
Mar 11, 2022	blackrock inc.	9.1%	61,936,753	SC 13G/A
Feb 10, 2022	state street corp	6.19%	41,883,352	SC 13G/A
Feb 09, 2022	vanguard group inc	11.05%	74,797,975	SC 13G/A
Feb 08, 2022	blackrock inc.	9.1%	61,936,753	SC 13G
Jan 31, 2022	invesco ltd.	2.8%	19,117,054	SC 13G/A
Oct 21, 2021	encap energy capital fund x, l.p.	0.72%	4,903,935	SC 13D/A
Feb 25, 2021	encap energy capital fund x, l.p.	0.97%	0	SC 13D/A

DVN Fair Value

Recent SEC filings of Devon Energy

View All Filings

Date Filed	Form Type	Document
Mar 15, 2023	4	Insider Trading
Mar 15, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 13, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 03, 2023	S-3ASR	S-3ASR
Feb 23, 2023	4	Insider Trading

Latest Insider Trading transactions for DVN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-14	Gaspar Clay M	bought	999,600	49.98	20,000	evp and coo
2023-03-14	Muncrief Richard E	bought	377,250	50.3	7,500	president and ceo
2023-03-09	CAMERON DENNIS C	sold (taxes)	-665,959	52.98	-12,570	evp and general counsel
2023-03-09	Muncrief Richard E	sold (taxes)	-3,884,490	52.98	-73,320	president and ceo
2023-03-09	Gaspar Clay M	sold (taxes)	-1,686,990	52.98	-31,842	evp and coo
2023-03-02	Muncrief Richard E	sold (taxes)	-8,417,330	55.7	-151,119	president and ceo
2023-03-02	CAMERON DENNIS C	sold (taxes)	-1,293,240	55.7	-23,218	evp and general counsel
2023-03-02	Gaspar Clay M	sold (taxes)	-3,655,590	55.7	-65,630	evp and coo
2023-02-22	Muncrief Richard E	bought	265,000	53.00	5,000	president and ceo
2023-02-17	BETHANCOURT JOHN E	bought	199,771	53.06	3,765	-

About Devon Energy

Richard E. Muncrief

www.dvn.com

1600

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.

DVN Income Statement

2022-12-31

Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues from contracts with customers	$ 19,827	$ 13,750	$ 4,673
Oil, gas and NGL derivatives	(658)	(1,544)	155
Total revenues	19,169	12,206	4,828
Production expenses	2,797	2,131	1,123
Exploration expenses	29	14	167
Depreciation, depletion and amortization	2,223	2,158	1,300
Asset impairments	0	0	2,693
Asset dispositions	(44)	(168)	(1)
General and administrative expenses	395	391	338
Financing costs, net	309	329	270
Restructuring and transaction costs	0	258	49
Other, net	(95)	(43)	(34)
Total expenses	11,394	9,308	7,918
Earnings (loss) from continuing operations before income taxes	7,775	2,898	(3,090)
Income tax expense (benefit)	1,738	65	(547)
Net earnings (loss) from continuing operations	6,037	2,833	(2,543)
Net loss from discontinued operations, net of income taxes	0	0	(128)
Net earnings (loss)	6,037	2,833	(2,671)
Net earnings attributable to noncontrolling interests	22	20	9
Net earnings (loss) attributable to Devon	$ 6,015	$ 2,813	$ (2,680)
Basic net earnings (loss) per share:
Basic earnings (loss) from continuing operations per share	$ 9.15	$ 4.20	$ (6.78)
Basic loss from discontinued operations per share	0	0	(0.34)
Basic net earnings per share	9.15	4.20	(7.12)
Diluted net earnings (loss) per share:
Diluted earnings (loss) from continuing operations per share	9.12	4.19	(6.78)
Diluted loss from discontinued operations per share	0	0	(0.34)
Diluted net earnings (loss) per share	$ 9.12	$ 4.19	$ (7.12)
Comprehensive earnings (loss):
Net earnings (loss)	$ 6,037	$ 2,833	$ (2,671)
Other comprehensive earnings (loss), net of tax:
Pension and postretirement plans	16	(5)	(8)
Other comprehensive loss, net of tax	16	(5)	(8)
Comprehensive earnings (loss):	6,053	2,828	(2,679)
Comprehensive earnings attributable to noncontrolling interests	22	20	9
Comprehensive earnings (loss) attributable to Devon	6,031	2,808	(2,688)
Oil, Gas and NGL Sales [Member]
Revenues from contracts with customers	14,082	9,531	2,695
Marketing and Midstream Revenues [Member]
Revenues from contracts with customers	5,745	4,219	1,978
Marketing and Midstream Expenses [Member]
Marketing and midstream expenses	$ 5,780	$ 4,238	$ 2,013

DVN Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($)
$ in Millions

Dec. 31, 2022

Dec. 31, 2021

ASSETS

Cash, cash equivalents and restricted cash

$ 1,454

$ 2,271

Accounts receivable

1,767

1,543

Inventory

201

114

Other current assets

469

321

Total current assets

3,891

4,249

Oil and gas property and equipment, based on successful efforts accounting, net

16,567

13,536

Other property and equipment, net ($109 million and $111 million related to CDM in 2022 and 2021, respectively)

^[1]

1,539

1,472

Total property and equipment, net

18,106

15,008

Goodwill

753

Right-of-use assets

224

235

Investments

440

402

Other long-term assets

307

378

Total assets

23,721

21,025

LIABILITIES AND EQUITY

Accounts payable

859

500

Revenues and royalties payable

1,506

1,456

Short-term debt

251

Other current liabilities

489

1,131

Total current liabilities

3,105

3,087

Long-term debt

6,189

6,482

Lease liabilities

257

252

Asset retirement obligations

511

468

Other long-term liabilities

900

1,050

Deferred income taxes

1,463

287

Stockholders' equity:

Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 653 million and 663 million shares in 2022 and 2021, respectively

Additional paid-in capital

6,921

7,636

Retained earnings

4,297

1,692

Accumulated other comprehensive loss

(116)

(132)

Total stockholders’ equity attributable to Devon

11,167

9,262

Noncontrolling interests

129

137

Total equity

11,296

9,399

Total liabilities and equity

$ 23,721

$ 21,025

[1]	$109 million and $111 million related to CDM in 2022 and 2021, respectively.