Devon Energy And Coterra Energy Merger Checks Quite A Few Boxes On Investors' Lists [Seeking Alpha]
Devon Energy Corporation (DVN)
Last devon energy corporation earnings: 2/18 04:05 pm
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US:NYSE Investor Relations:
investors.devonenergy.com/investors/events-presentations/default.aspx
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Source: Seeking Alpha
The merger targets $1B in synergies, supporting a double-digit free cash flow yield and immediate dividend increase to 3%. Devon Energy shareholders benefit from a higher dividend and a $5B buyback, with the combined entity expected to generate $4B in discretionary FCF post-dividend. I rate the merged company a BUY, citing operational synergies, portfolio flexibility, and a peer-leading FCF yield, though synergy execution is a key risk. Ralf Geithe/iStock via Getty Images Thesis Devon Energy ( DVN ) and Coterra Energy ( CTRA ) announced a merger of equals on February 2nd . The combined entities will now have a merged value of roughly $58 billion. The transaction checks multiple boxes for investors. The deal increases the dividend This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself,
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DVN
News
- Devon Energy (NYSE:DVN) was given a new $50.00 price target on by analysts at UBS Group AG.MarketBeat
- Devon Energy (NYSE:DVN) was upgraded by analysts at Barclays PLC from an "equal weight" rating to an "overweight" rating.MarketBeat
- Devon Energy (NYSE:DVN) had its "buy" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- Halper Sadeh LLC is Investigating PKST, DVN, CTRA on Behalf of ShareholdersGlobeNewswire
- Trade Tracker: Josh Brown buys Devon Energy [CNBC]CNBC
DVN
Earnings
- 11/5/25 - Beat
DVN
Sec Filings
- 2/2/26 - Form 425
- 2/2/26 - Form 425
- 2/2/26 - Form 8-K
- DVN's page on the SEC website