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DVN Devon Energy

Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It operates through the following geographical segments: U.S., Canada, and EnLink. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Baarnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.

Company profile

Ticker
DVN
Exchange
CEO
David Hager
Employees
Incorporated
Location
Fiscal year end
Former names
DEVON DELAWARE CORP, DEVON ENERGY CORP
SEC CIK
IRS number
731567067

DVN stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 May 21
15 May 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.88B 1.88B 1.88B 1.88B 1.88B 1.88B
Cash burn (monthly) 119.67M (positive/no burn) 10.67M 84.58M (positive/no burn) (positive/no burn)
Cash used (since last report) 178.92M n/a 15.95M 126.47M n/a n/a
Cash remaining 1.7B n/a 1.86B 1.75B n/a n/a
Runway (months of cash) 14.2 n/a 174.6 20.7 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 May 21 Jeffrey L Ritenour Common Stock Payment of exercise Dispose F No No 26.01 2,014 52.38K 282,082
11 Mar 21 Dennis C Cameron Common Stock Payment of exercise Dispose F No No 23.83 2,661 63.41K 326,290
11 Mar 21 Clay M Gaspar Common Stock Payment of exercise Dispose F No No 23.83 5,982 142.55K 945,492
10 Mar 21 Richard E Muncrief Common Stock Payment of exercise Dispose F No No 23.83 15,523 369.91K 2,152,914
10 Mar 21 Kindick Kelt Common Stock Sell Dispose S Yes No 23.83 23,242 553.86K 51,639

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

47.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 520 478 +8.8%
Opened positions 105 55 +90.9%
Closed positions 63 90 -30.0%
Increased positions 163 159 +2.5%
Reduced positions 185 190 -2.6%
13F shares
Current Prev Q Change
Total value 5.04B 2.91B +73.3%
Total shares 318.6M 306.54M +3.9%
Total puts 7.83M 12.62M -38.0%
Total calls 4.97M 3.41M +45.7%
Total put/call ratio 1.6 3.7 -57.4%
Largest owners
Shares Value Change
Vanguard 45.94M $726.29M +21.8%
IVZ Invesco 25.55M $403.93M -3.8%
BLK Blackrock 24.72M $390.75M -3.4%
STT State Street 23.58M $372.73M -2.1%
Victory Capital Management 10.8M $170.8M -0.4%
EnCap Energy Capital Fund IX 9.76M $154.3M 0.0%
Dimensional Fund Advisors 7.29M $115.24M +23.6%
Geode Capital Management 7.19M $113.52M +4.6%
TROW T. Rowe Price 7.13M $112.68M -3.2%
Parametric Portfolio Associates 5.79M $91.61M -0.7%
Largest transactions
Shares Bought/sold Change
Vanguard 45.94M +8.22M +21.8%
Holocene Advisors 2.05M -3.6M -63.8%
Balyasny Asset Management 0 -3.48M EXIT
Encompass Capital Advisors 0 -3.2M EXIT
Renaissance Technologies 984.8K -3.15M -76.2%
D. E. Shaw & Co. 1.81M -2.51M -58.1%
Deep Basin Capital 1.36M -2.34M -63.2%
Adage Capital Partners GP, L.L.C. 2.9M +2.33M +405.9%
Thrivent Financial For Lutherans 3.01M +2.14M +246.8%
Impala Asset Management 2.11M +2.11M NEW

Financial report summary

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Management Discussion
  • We operate under a disciplined returns-driven strategy focused on delivering strong operational results, financial strength and value to our shareholders and continuing our commitment to environmental, social and governance excellence, which provides us with a strong foundation to grow returns, margin and profitability. We continue to execute on our strategy and navigate through the challenged economic environment by protecting our financial strength, tailoring our capital investment to market conditions, improving our cash cost structure and preserving operational continuity.
  • Trends of our quarterly earnings, operating cash flow, EBITDAX and capital expenditures are shown below. The quarterly earnings chart presents amounts pertaining to both Devon’s continuing and discontinuing operations. The quarterly cash flow chart presents amounts pertaining to Devon’s continuing operations. “Core earnings” and “EBITDAX” are financial measures not prepared in accordance with GAAP. For a description of these measures, including reconciliations to the comparable GAAP measures, see “Non-GAAP Measures” in this Item 2.
  • Our net earnings in recent quarters have been significantly impacted by divestiture transactions, asset impairments and temporary, non-cash adjustments to the value of our commodity hedges. Net earnings in the first quarter of 2021, the fourth quarter of 2020, the third quarter of 2020 and the second quarter of 2020 each included a hedge valuation loss, net of tax of $0.2 billion, $0.1 billion, $0.1 billion and $0.5 billion, respectively. Net earnings in the first quarter of 2020 included $2.3 billion of asset impairments on our proved and unproved properties and a $0.5 billion hedge valuation gain, both net of taxes. Excluding these amounts, our core earnings have been more stable over recent quarters but continue to be heavily influenced by commodity prices.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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