Devon Energy (DVN) reported second-quarter 2026 net earnings of $1.9 billion, or $2.03 per diluted share, following the May 7 close of its merger with Coterra Energy. Oil, gas and NGL sales totaled $5.1 billion for the quarter.
The company said operating cash flow was $3.7 billion, while adjusted free cash flow was $1.7 billion excluding after-tax restructuring costs. Devon returned $1.063 billion during the quarter through dividends, share repurchases and debt retirement.
- Second-quarter oil production averaged 503,000 barrels per day, at the top end of guidance.
- Total production averaged 1,359,000 Boe per day in the quarter.
- Capital expenditures totaled $1.269 billion, 2 percent below the guidance midpoint.
- Devon acquired 16,300 net acres in the Delaware Basin for $2.6 billion at the New Mexico federal lease sale.
- The board approved a 33 percent increase in the quarterly fixed dividend to $0.32 per share.
- Devon expects third-quarter 2026 production of 1.66 million to 1.69 million Boe per day.
$DVN Insider Trading Activity
$DVN insiders have traded $DVN stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $DVN stock by insiders over the last 6 months:
- ADAM M VELA (SVP & GENERAL COUNSEL) sold 24,342 shares for an estimated $1,149,185
- ANDREA ALEXANDER (SVP & CHIEF ADMIN OFFICER) sold 18,000 shares for an estimated $841,320
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$DVN Hedge Fund Activity
We have seen 808 institutional investors add shares of $DVN stock to their portfolio, and 460 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 14,044,697 shares (+273.9%) to their portfolio in Q1 2026, for an estimated $706,729,153
- KIMMERIDGE ENERGY MANAGEMENT COMPANY, LLC removed 8,850,790 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $445,371,752
- WELLINGTON MANAGEMENT GROUP LLP added 8,838,286 shares (+801.5%) to their portfolio in Q1 2026, for an estimated $444,742,551
- ADAGE CAPITAL PARTNERS GP, L.L.C. removed 3,756,698 shares (-81.7%) from their portfolio in Q1 2026, for an estimated $189,037,043
- VOYA INVESTMENT MANAGEMENT LLC added 3,364,328 shares (+108.9%) to their portfolio in Q1 2026, for an estimated $169,292,984
- STATE STREET CORP added 3,021,885 shares (+8.5%) to their portfolio in Q1 2026, for an estimated $152,061,253
- ALYESKA INVESTMENT GROUP, L.P. added 2,542,788 shares (+inf%) to their portfolio in Q1 2026, for an estimated $127,953,092
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$DVN Congressional Stock Trading
Members of Congress have traded $DVN stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $DVN stock by members of Congress over the last 6 months:
- SENATOR JOHN BOOZMAN purchased up to $15,000 on 04/09.
- SENATOR ALAN ARMSTRONG sold up to $100,000 on 03/24.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
