Yahoo Finance Insider Sale at Devon Energy Corp (DVN): EVP Human Resources and Admin Tana Cashion Sells ...
On May 7, 2024, Tana Cashion, Executive Vice President of Human Resources and Administration, sold 20,000 shares of Devon Energy Corp (NYSE:DVN) as reported in a recent SEC Filing. The shares were sold at a price of $51.04 each.
Devon Energy Corp, headquartered in Oklahoma City, is an independent energy company engaged primarily in the exploration, development, and production of oil, natural gas, and natural gas liquids.
Over the past year, the insider has sold a total of 20,000 shares and has not made any purchases. The company has seen a total of 1 insider buy and 2 insider sells over the same period.
The sale occurred at a stock price that gives Devon Energy Corp a market cap of approximately $32.22 billion. The price-earnings ratio of the company stands at 9.73, below the industry median of 11.15.
According to the GF Value, the fair value of Devon Energy Corp's stock is estimated at $53.02, indicating that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.96.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
