Devon Energy Sells Eagle Ford Assets to Crescent Energy for $4.2 Billion
President and CEO Clay Gaspar said the deal is the outcome of an ongoing portfolio review and sharpens the company's focus on its highest-return and longest-duration assets.
Stock Taper 
DVN
$48.92
▲ UP 2.17% (1.04)
KEY STATISTICS
Market Cap$53.82 B
52w High$52.71
52w Low$31.47
Dividend Yield2.66%
FrequencyQuarterly
P/E10.94
Volume11.56M
Shares Out.1.10B
COMPANY
LEADERSHIP
CHIEF EXECUTIVE
Clay Gaspar
COMPENSATION 2026
Salary$400,000
Stock Awards$0
Incentive Plan Pay$0
All Other Comp.$457,300
Total$857,300
ABOUT
SECTOR
Energy
WENT PUBLIC
July 22, 1985
METHOD OF GOING PUBLIC
IPO
FULL TIME EMPLOYEES
2,200
PRICE TARGET
Target High$68.00
Target Low$54.00
Target Median$63.00
Target Consensus$62.40
UPCOMING EARNINGS
DateNov 4, 2026
DayWednesday
Rev. Est.$6.61B
NOV
4
WED
SPLIT RECORD
| DATE | TYPE | RATIO |
|---|---|---|
| 2004-11-16 | Forward | 2:1 |
ETFS HOLDING THIS STOCK
ETFS HOLDING
859
LISTED HERE
10
RANKED BY POSITION SIZE
INSTITUTIONAL OWNERSHIP
SHARES OWNED
41.63%
HOLDERS
2,122
TOP 8 OF 2,122 · RANKED BY POSITION SIZE
PRICE
$48.92 ▲ UP 2.17% (+$1.04)About Devon Energy Corporation
https://www.devonenergy.com ↗Devon Energy Corporation, founded in 1971 and based in Oklahoma City, is an independent U.S. energy company focused on exploring, developing, and producing oil, natural gas, and liquids from over 5,134 wells.
INDUSTRY
Oil & Gas Exploration & Production
A PRODUCT DEVON ENERGY CORPORATION IS KNOWN FOR
Crude Oil and Natural Gas
Devon Energy is a leading U.S. independent oil and natural gas producer focused on onshore exploration and extraction, primarily in the Delaware Basin, producing crude oil, natural gas, and liquids.
Devon Energy in 2025
SENTIMENT: + POSITIVE
RESTRUCTURING · APRIL 2025
Devon Energy Unveils $1 Billion Business Optimization Plan, Boosting Stock Price
On April 22, 2025, Devon Energy announced a comprehensive business optimization plan aimed at improving margins and capital efficiency, with a target of achieving $1 billion in annual pre-tax free cash flow improvements by the end of 2026. The announcement was met with a positive market reaction, leading to a significant increase in the company's stock price on the day of the announcement.
TECHNOLOGY · APRIL 2025 · IN PROGRESS
Devon Energy Makes Strategic Pivot to Renewable Energy with Major Investment in Geothermal Technology
In a significant strategic shift from its core oil and gas operations, Devon Energy led a $244 million funding round for Fervo Energy, a next-generation geothermal development company. This move signals a deliberate pivot towards diversifying its energy portfolio and investing in sustainable, 24/7 renewable power to navigate the evolving energy landscape and meet the growing energy demands of technologies like AI.
Latest News
EARLIER COVERAGE
Devon Energy Announces Agreement to Exit the Eagle Ford for $4.2 Billion
Transaction high-grades Devon's portfolio, monetizes at an attractive valuation and enhances financial flexibility Transaction high-grades Devon's portfolio, monetizes at an attractive valuation and enhances financial flexibility
Devon Energy Schedules Third-Quarter 2026 Earnings Release and Conference Call
HOUSTON, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report third-quarter 2026 results on Thursday, November 5, after the close of U.S. financial markets. The earnings materials will be available on the company's website at www.devonenergy.com. On Friday, November 6, the company will hold a conference call at 10 a.m. CDT (11 a.m. EDT). A webcast link to the conference call and replay link will be available on the company's website.
Will Devon Energy (DVN) Beat Estimates Again in Its Next Earnings Report?
Devon Energy (DVN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Devon Energy (NYSE:DVN) & Cameco (NYSE:CCJ) Critical Contrast
Cameco (NYSE: CCJ - Get Free Report) and Devon Energy (NYSE: DVN - Get Free Report) are both large-cap energy companies, but which is the superior stock? We will compare the two businesses based on the strength of their earnings, analyst recommendations, institutional ownership, dividends, risk, valuation and profitability. Analyst Ratings This is a summary of current
The Supermajor vs. the Shale Specialist: Is ExxonMobil or Devon Energy the Better Buy at $100 Oil?
ExxonMobil is an integrated energy giant that focuses on rewarding investors through the entire energy cycle. Devon Energy is a large U.S. driller that has long focused on shale, which is great news when oil prices are high.
Devon Energy (DVN) Exceeds Market Returns: Some Facts to Consider
In the most recent trading session, Devon Energy (DVN) closed at $47.16, indicating a +2.43% shift from the previous trading day.
RATINGS SNAPSHOT
Overall rating: A-
Discounted Cash Flow5
Return On Equity3
Return On Assets5
Debt To Equity1
Price To Earnings3
Price To Book4
Overall Score4
MOST RECENT ANALYST GRADES
GRADE SUMMARY
BUY 5
OVERWEIGHT 5
OUTPERFORM 3
STRONG BUY 1
POSITIVE 1
SECTOR PERFORM 1
HOLD 1
17 GRADES IN THE LAST 12 MONTHS
SECTORS PEERS
| PEER | PRICE | |
|---|---|---|
 EOG | $148.41 | COMPARE |
 FANG | $191.78 | COMPARE |
 EC | $17.07 | COMPARE |
 VG | $13.76 | COMPARE |
 TS | $57.16 | COMPARE |
 HAL | $32.60 | COMPARE |
 PBA | $46.82 | COMPARE |
 TPL | $355.58 | COMPARE |
TRADES BY CONGRESS
HOUSE TRADES
Kevin Hern
Sale (Partial)
2026-09-14
SENATE TRADES
John Boozman
Purchase
2026-04-09
Alan Armstrong
Sale (Full)
2026-03-24
HOUSE TRADES
Julia Letlow
Purchase
2025-12-08
INSIDER TRADES
★
OFFICER: EVP EXPLORATION & PRODUCTION
Lowe Robert Ferrall III
Sale · 6.8K shares
2026-09-14
★
DIRECTOR, OFFICER: PRESIDENT AND CEO
Gaspar Clay M
Purchase · 3.9K shares
2026-09-14
★
DIRECTOR, OFFICER: PRESIDENT AND CEO
Gaspar Clay M
Purchase · 54.0K shares
2026-09-10
★
OFFICER: EVP EXPLORATION & PRODUCTION
Hellman Thomas Jeffrey
— · —
2026-08-20