DVN
DEVON ENERGY CORP/DEEvidence as of 2026-09-02Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.2 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The desk’s evidence balance is Mixed (+0.2 of a possible +2; was +0.2 before debate) with high confidence. Reported revenues for fiscal Q2 2026 (fiscal quarter ended 2026-07-22) are cited at $ 7,417,000,000 for the quarter ended 30 June 2026, up from $ 3,807,000,000 in fiscal Q1 2026 (fiscal quarter ended 2026-04-22). Net income is reported at $ 1,911,000,000 in fiscal Q2 2026 versus $ 120,000,000 in fiscal Q1 2026, and diluted EPS moved from $ 0.19 to $ 2.03 over the same pair of quarters.
Balance-sheet and market metrics that survived the review show large, simultaneous changes: common shares outstanding reported as of 22 April 2026 were 621,400,000 and rose to 1,100,000,000 as of 22 July 2026; long‑term debt expanded from $ 8,386,000,000 as of 31 March 2026 to $ 11,388,000,000 as of 30 June 2026; total assets grew from $ 31,599,000,000 (as of 2025-12-31) to $ 70,893,000,000 (as of 2026-06-30) and stockholders’ equity from $ 15,528,000,000 to $ 41,747,000,000 over the same interval. Valuation inputs reported include EV $ 64,371,000,000, EV/EBITDA (TTM) 9.0 with EBITDA (TTM) $ 7,152,000,000, P/FCF 6.7 with FCF (TTM) $ 6,883,000,000 (implying FCF/share $ 7.3223), trailing P/E 10.39 with EPS (TTM) $ 4.72, and an implied free‑cash‑flow growth rate of -15.46% at the model price $ 49.03.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Reported Revenues were $7,417,000,000 for the quarter ended 30 June 2026 (fiscal Q2 2026, 2026-04-01 to 2026-06-30) versus $3,807,000,000 for the quarter ended 31 March 2026 (fiscal Q1 2026, 2026-01-01 to 2026-03-31).
XBRL companyfacts · 0001193125-26-334340Net income increased from $120,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31) to $1,911,000,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30).
XBRL companyfacts · 0001193125-26-208143Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Nothing in this slice of the evidence rose to a claim — a quiet read, which itself is information.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02T13:45:47.228469+00:00, DEVON ENERGY CORP/DE (DVN) is a constituent of the iShares Core S&P 500 ETF (IVV) with a reported weight of 0.07% of that fund.
ETF constituents · market dataThe ETF membership record for DVN is timestamped 2026-09-02T13:45:47.228469+00:00 in the provided data.
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A headline frames Devon Energy as a 'strong momentum stock' in coverage published 2 September 2026.
News · zacks.com · 2026-09-02Several headlines report sizable institutional stake changes disclosed in 2nd-quarter SEC filings, including a 119.0% stake increase by UBS AM and reported large buys or stake lifts by MUFG Securities Americas, Rakuten Investment Management, and Wellington Management Group in late August/early September 2026.
News · thelincolnianonline.com · 2026-09-01Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model shows an implied free-cash-flow growth rate of -15.46% (implied_growth = -0.1546) for the price 49.03 as of 2026-09-02.
Valuation inputs · SEC XBRL + stored EOD closePrice-to-free-cash-flow (P/FCF) is 6.7 and free cash flow (TTM) is $6,883,000,000, which implies FCF per share of $7.3223 based on the shares used in this model.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-level fundamentals and market signals in the provided evidence jointly support a favorable read. Reported revenues, net income, and diluted EPS all rose markedly between Q1 and Q2 2026 (fundamentals-0, fundamentals-1, fundamentals-2), while trailing cash-flow metrics and valuation multiples (valuation-1, valuation-2, valuation-3) indicate strong free cash generation and relatively low multiples on reported TTM results. The balance sheet shows a large increase in assets and shareholders' equity between 2025 year-end and 30 June 2026 (fundamentals-5), which, when viewed alongside public reporting of strategic M&A activity and concentrated institutional buying (news-2, news-1), is consistent with scale expansion financed in part through capital markets. These items together rebut the bear narrative that rising debt or share count necessarily signal deterioration, because the debt and dilution appear tied to balance-sheet expansion and are offset by robust earnings and cash flow metrics.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.38
18 surviving claims rest on 8 distinct sources; the heaviest analyst carries 33% of them, and 97% of what the desk raised survived the debate.
The surviving set rests on a moderate number of distinct documents, so there is some source breadth, but a single analyst or contributor carrying about a third of the claims increases analyst-dependence risk. The very high internal survival rate from the desk debate suggests the read faced little pushback — useful for confidence but also a potential signal of limited critical challenge or group confirmation.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
12 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.3 to the score
1 holdings record
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on DVN Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.