Devon Energy (DVN) Expected to Post Quarterly Earnings on Tuesday

Devon Energy (NYSE:DVN) is expected to be announcing its Q2 2026 results after the market closes on Tuesday, August 4th. Analysts expect Devon Energy to announce earnings of $1.40 per share and revenue of $6.0104 billion for the quarter. Parties may review the information on the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Wednesday, August 5, 2026 at 11:00 AM ET.

Devon Energy (NYSE:DVN) last released its quarterly earnings results on Tuesday, May 5th. The energy company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.02). Devon Energy had a net margin of 13.71% and a return on equity of 15.22%. The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the previous year, the company earned $0.82 EPS. Devon Energy’s revenue for the quarter was down 14.5% compared to the same quarter last year. On average, analysts expect Devon Energy to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Devon Energy Price Performance

Shares of NYSE:DVN opened at $45.08 on Friday. The firm’s 50 day moving average price is $43.64 and its 200-day moving average price is $44.63. Devon Energy has a twelve month low of $31.47 and a twelve month high of $52.71. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $28.01 billion, a PE ratio of 12.56 and a beta of 0.38.

Devon Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.8%. This is a positive change from Devon Energy’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 15th. Devon Energy’s dividend payout ratio (DPR) is presently 35.65%.

Insider Buying and Selling at Devon Energy

In other Devon Energy news, SVP Adam M. Vela sold 24,342 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $47.21, for a total value of $1,149,185.82. Following the completion of the transaction, the senior vice president directly owned 130,540 shares in the company, valued at $6,162,793.40. This represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeffrey L. Ritenour sold 70,029 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.66, for a total transaction of $3,267,553.14. Following the completion of the sale, the executive vice president directly owned 428,452 shares of the company’s stock, valued at approximately $19,991,570.32. This trade represents a 14.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 112,371 shares of company stock valued at $5,258,059 over the last 90 days. 4.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Devon Energy

A number of institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in shares of Devon Energy by 78.7% in the second quarter. AQR Capital Management LLC now owns 6,360,499 shares of the energy company’s stock valued at $202,327,000 after purchasing an additional 2,802,137 shares in the last quarter. Sourcerock Group LLC raised its stake in Devon Energy by 2,132.3% during the second quarter. Sourcerock Group LLC now owns 1,751,276 shares of the energy company’s stock valued at $55,708,000 after purchasing an additional 1,672,824 shares in the last quarter. Vinva Investment Management Ltd raised its stake in Devon Energy by 2,023.4% during the fourth quarter. Vinva Investment Management Ltd now owns 1,256,797 shares of the energy company’s stock valued at $46,573,000 after purchasing an additional 1,197,609 shares in the last quarter. Wellington Management Group LLP lifted its position in Devon Energy by 704.3% during the third quarter. Wellington Management Group LLP now owns 975,114 shares of the energy company’s stock valued at $34,187,000 after purchasing an additional 853,875 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in Devon Energy by 164.1% during the fourth quarter. Schroder Investment Management Group now owns 1,305,948 shares of the energy company’s stock valued at $48,085,000 after purchasing an additional 811,511 shares during the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Analyst Ratings Changes

DVN has been the topic of several recent research reports. Argus increased their price target on shares of Devon Energy from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Tudor Pickering upgraded Devon Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Wells Fargo & Company upped their price objective on Devon Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Sanford C. Bernstein raised their target price on Devon Energy from $42.00 to $59.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Finally, Raymond James Financial lowered their target price on Devon Energy from $66.00 to $64.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.56.

About Devon Energy

Devon Energy Corporation (NYSE: DVN) is an independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of hydrocarbons, including crude oil, natural gas liquids (NGLs) and natural gas. Devon operates as an upstream energy company that acquires, evaluates and develops onshore resource plays using a combination of drilling, completion and production optimization techniques.

Core business activities include identifying and developing energy reserves, operating well programs and managing reservoir performance to generate production and cash flow.