DVN

In the past six months, Devon Energy reported its Q1 2026 earnings, missing consensus estimates, but reported oil production at the high end of guidance and capital spending below plan, generating $816 million in free cash flow. Shareholders approved the merger with Coterra Energy, expected to close around May 7, 2026, anticipated to create a larger shale operator with a stronger asset base and projected to achieve $1 billion in sustainable annual pre-tax synergies by year-end 2027. The board approved an $8 billion share buyback plan and a planned increase in the quarterly dividend by over 30% on a per-share basis starting in the second quarter, subject to board approval. Raymond James added Devon Energy to its "Analyst Current Favorites" list on May 7, 2026. DVN stock has seen a total return of 46.54% over the past 12 months, outperforming the S&P 500's 31.87% return, and is up 25.17% year-to-date. However, the stock experienced an 11.8% decline in the past week, and a 9.3% decline over the past month.