What is the 13F Pro Quality Score for DVN?

13F Pro ranks DEVON ENERGY CORP/DE (DVN) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View DVN's current score at https://13fpro.ai/company/DVN (free sign-up required for the full ranking).

Which hedge funds own the most DVN stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of DVN include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/DVN as soon as new 13F filings post.

Where does 13F Pro source DVN data?

All DEVON ENERGY CORP/DE fundamentals and ownership data come directly from SEC EDGAR. DEVON ENERGY CORP/DE files with the SEC under CIK 1090012. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is DVN in?

DEVON ENERGY CORP/DE (DVN) is classified in the Energy sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/energy.

What drives DVN's revenue?

Per DEVON ENERGY CORP/DE's latest 10-Q filed with the SEC on 2026-08-05, the biggest revenue drivers are: Oil, gas and NGL sales ($5,106M); Oil (within oil, gas and NGL sales) ($4,354M); NGL (within oil, gas and NGL sales) ($648M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/DVN.

How often is DVN research updated on 13F Pro?

DVN's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

DEVON ENERGY CORP/DE(DVN)Stock Analysis

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SEC EDGAR: CIK 1090012 DVN stock profile & AI dashboard →

13F Pro Quality Score

74.8/100

Rank #106 of 2,961 stocksTOP 5%

View Energy peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

71.9/100

Profitability

75.0/100

Balance Sheet

75.2/100

Earnings Quality

59.7/100

Free Cash Flow

77.4/100

Institutional Flow

83.5/100

Revenue Scale

92.4/100

Dilution Risk

71.8/100

Email me the moment this company reports earnings

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Why DVN Scores 75/100

exact factor attribution · 2026-09-11

DVN's composite is driven by scale and revenue growth. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+6.4 pts

92th pct

Revenue growth

+4.4 pts

72th pct

Free cash flow

+4.1 pts

77th pct

Profitability

+3.8 pts

75th pct

Capital efficiency

+2.5 pts

75th pct

Institutional flow

+1.7 pts

84th pct

Shareholder dilution

+1.1 pts

72th pct

Earnings quality

+1.0 pts

60th pct

Earnings growth

-0.0 pts

49th pct

Latest change (2026-08-05): 70 → 73 · ↑ Profit margin 62→79; ↑ Earnings growth 21→37; despite ↓ Capital efficiency 78→68

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

DVN Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for DEVON ENERGY CORP/DE (DVN), a Energy sector company. 13F Pro's AI-powered ranking engine scores DVN at 74.8/100 on a 32-signal composite quality model, placing it at rank #106 of 2,961 stocks — the top 5% of the AI-ranked universe. DVN scores in the top quartile across revenue scale (92.4), institutional flow (83.5), free cash flow (77.4). Based on the latest XBRL financial filings (Q2 2026), DEVON ENERGY CORP/DE reports quarterly revenue of $7.4B, net income of $1.9B, free cash flow of $2.4B. Top institutional holders of DVN by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. DVN trades on the NYSE exchange and files with the SEC under CIK 1090012. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate DVN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for DEVON ENERGY CORP/DE directly from SEC EDGAR. DEVON ENERGY CORP/DE's 13F Pro composite quality score has ranged between 31 and 88 since 2021, currently 74.8 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

What's Driving DVN's Business? Latest 10-Q Breakdown

✓ 35/35 datapoints verified

AI-extracted from DEVON ENERGY CORP/DE's 10-Q filed 2026-08-05 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

First quarter including the Coterra merger (closed May 7, 2026): total revenues of $7,417M and net earnings of $1.9B, or $2.03 per diluted share.

Biggest Revenue Drivers

Oil, gas and NGL sales$5,106M

Unhedged oil and NGL prices rose on higher WTI and Mont Belvieu index prices; volumes now include Coterra legacy assets of ~488 MBoe/d.

Marketing and midstream revenues$1,897M

Largely offset by $1,874M of marketing and midstream expenses; net marketing and midstream operations contributed $23 million.

Biggest Revenue Drivers

Total revenue: $7.4B

Oil, gas and NGL sales$5,106M

Unhedged oil and NGL prices rose on higher WTI and Mont Belvieu index prices; volumes now include Coterra legacy assets of ~488 MBoe/d.

Within Oil, gas and NGL sales

Oil (within oil, gas and NGL sales)$4,354M

Oil production of 503 MBbls/d; realized price unhedged $95.10/Bbl versus $69.66 in Q1 2026.

NGL (within oil, gas and NGL sales)$648M

NGL volumes of 314 MBbls/d at an unhedged realized price of $22.70/Bbl, up 28% from Q1 2026.

Marketing and midstream revenues$1,897M

Largely offset by $1,874M of marketing and midstream expenses; net marketing and midstream operations contributed $23 million.

Oil, gas and NGL derivatives$414M

Commodity hedge valuation changes of $530 million, partly offset by $116 million of negative cash settlements.

Largest Expense Items

Marketing and midstream expenses$1,874M

Broadly matched marketing and midstream revenues of $1,897M.

Depreciation, depletion and amortization$1,416M+57% QoQ

Increased primarily due to the Merger closing on May 7, 2026, driven by higher production volumes from acquired assets.

Production expenses$1,393M+56% QoQ

Increased primarily due to the Merger; production taxes also rose with higher WTI and Mont Belvieu index prices.

Restructuring and transaction costs$246M

$198M restructuring for severance, relocation and contract terminations, plus $48M of bank, legal and advisory transaction fees.

Margins: LOE fell 22% to $5.06/Boe and G&A fell 15% to $1.41/Boe on post-merger asset mix, while gathering, processing & transportation rose 24% to $3.16/Boe. Combined unhedged realized price rose 4% to $41.30/Boe.

Watch Items from the Filing

Unhedged gas realized $0.35/Mcf, only 12% of the $2.90 Henry Hub index, on expanded Permian differentials including negative Waha spot pricing.
Merger integration risk: $246M of restructuring and transaction costs this quarter against a target of $1.0B annual pre-tax synergies by year-end 2027.
Acquired ~16,300 net Permian acres for approximately $2.6 billion of cash in a BLM lease sale, contributing to $3,998M of quarterly capital expenditures.
Legacy liabilities: ~$150M accrued for East Bay decommissioning, plus EPA notices of violation where resolution may exceed $1 million in penalties each.
Total debt of $11.4B after assuming $3.5B of Coterra notes, but debt-to-capitalization is 18.1% and no maturities until Q2 2027.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$7.4B

Net Income

Q2 2026

$1.9B

Free Cash Flow

Q2 2026

$2.4B

ROIC

Q2 2026

17.0%

D/E Ratio

Q2 2026

0.34

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+7.8% YoY

$17.19BFY 2025

FY22 $19.17BFY23 $15.26BFY24 $15.94BFY25 $17.19B

Net Income

-8.7% YoY

$2.64BFY 2025

FY22 $6.03BFY23 $3.74BFY24 $2.89BFY25 $2.64B

EPS (Diluted)

-8.6% YoY

$4.17FY 2025

FY22 $9.12FY23 $5.84FY24 $4.56FY25 $4.17

Total Assets

+3.6% YoY

$31.60BFY 2025

FY22 $23.27BFY23 $24.49BFY24 $30.49BFY25 $31.60B

Total Debt

+5.4% YoY

$10.38BFY 2025

FY22 $6.94BFY23 $7.12BFY24 $9.85BFY25 $10.38B

Op. Cash Flow

+1.7% YoY

$6.71BFY 2025

FY22 $8.53BFY23 $6.54BFY24 $6.60BFY25 $6.71B

Free Cash Flow

+5.5% YoY

$3.12BFY 2025

FY22 $5.99BFY23 $2.66BFY24 $2.96BFY25 $3.12B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$17.19B +7.8%	$15.94B +4.5%	$15.26B -20.4%	$19.17B +57.0%	$12.21B +152.8%	$4.83B
Net Income	$2.64B -8.7%	$2.89B -22.6%	$3.74B -38.0%	$6.03B +114.4%	$2.81B +205.0%	$-2.68B
EPS (Diluted)	$4.17 -8.6%	$4.56 -21.9%	$5.84 -36.0%	$9.12 +117.7%	$4.19 +158.8%	$-7.12
Total Assets	$31.60B +3.6%	$30.49B +24.5%	$24.49B +5.2%	$23.27B +10.7%	$21.02B +112.1%	$9.91B
Total Debt	$10.38B +5.4%	$9.85B +38.4%	$7.12B +2.6%	$6.94B +7.1%	$6.48B +50.8%	$4.30B
Operating Cash Flow	$6.71B +1.7%	$6.60B +0.9%	$6.54B -23.3%	$8.53B +74.1%	$4.90B	—
Free Cash Flow	$3.12B +5.5%	$2.96B +11.0%	$2.66B -55.6%	$5.99B +105.8%	$2.91B	—

AI Insight: DVN Financial Trends

Acquisition-driven revenue surge masks underlying operational stress; net income and leverage metrics require closer scrutiny.

• Q2 2026 revenue jumped 94% to $7,417M from $3,807M in Q1 2026, driven by material acquisition integration.

• Operating cash flow in Q2 2026 reached $3,674M, highest in dataset, but total debt spiked 39% to $14,382M.

• Net income recovered sharply to $1,911M in Q2 2026 from $120M in Q1 2026, reflecting acquisition contribution.

⚠ Debt-to-equity ratio deteriorated to 0.95x in Q2 2026 from 0.67x in Q4 2025 post-acquisition; monitor leverage trajectory.

⚠ Pre-acquisition quarters (Q1–Q2 2026) showed declining standalone revenue ($3,807M–$4,121M range) and near-zero earnings in Q1.

AI Insight: DVN Ratio Trends

Q2 2026 profitability metrics surged dramatically, but TTM returns lag due to Q1 2026 collapse—leverage improved sharply.

• Operating margin rebounded to 32.1% in Q2 2026 from 4.4% in Q1 2026; NPM jumped to 25.8% from 3.1%.

• Debt-to-equity declined to 0.34 in Q2 2026 from 0.68 in Q4 2025, marking strongest balance sheet position in dataset.

• TTM ROIC of 7.5% reflects depressed Q1 2026 performance; Q2 2026 ROIC of 17.0% suggests recovery underway.

⚠ Q1 2026 earnings collapse (OpMargin 4.4%, ROIC 2.6%) was severe; verify if one-time or structural issue.

⚠ Q2 2026 leverage dropped dramatically to 0.34 D/E—confirm whether debt paydown or equity issuance drove this shift.

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Available Research

13F Pro tracks comprehensive data for DEVON ENERGY CORP/DE including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of DVN

BlackRock, Inc.
$3.9B95,378,854 sh
VANGUARD CAPITAL MANAGEMENT LLC
$3.1B75,348,040 sh
STATE STREET CORP
$3.0B73,179,266 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$2.4B57,263,240 sh
WELLINGTON MANAGEMENT GROUP LLP
$2.1B51,522,376 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$1.6B38,323,956 sh
GEODE CAPITAL MANAGEMENT, LLC
$1.3B30,520,177 sh
DAVIS SELECTED ADVISERS
$1.0B25,297,991 sh
Invesco Ltd.
$997.8M24,148,878 sh
MORGAN STANLEY
$971.6M23,513,769 sh

Fund	Value	Shares
BlackRock, Inc.	$3.9B	95,378,854
VANGUARD CAPITAL MANAGEMENT LLC	$3.1B	75,348,040
STATE STREET CORP	$3.0B	73,179,266
VANGUARD PORTFOLIO MANAGEMENT LLC	$2.4B	57,263,240
WELLINGTON MANAGEMENT GROUP LLP	$2.1B	51,522,376
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$1.6B	38,323,956
GEODE CAPITAL MANAGEMENT, LLC	$1.3B	30,520,177
DAVIS SELECTED ADVISERS	$1.0B	25,297,991
Invesco Ltd.	$997.8M	24,148,878
MORGAN STANLEY	$971.6M	23,513,769

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Is DVN a good stock to buy?

13F Pro's AI-powered analysis of DEVON ENERGY CORP/DE (DVN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Energy sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for DVN are available on the DVN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. DVN is classified as a large company.

Which hedge funds own DVN?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling DVN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of DEVON ENERGY CORP/DE's investment landscape.