Thomas Mitchell - Devon Energy CFO, Executive Vice President

DVN Stock  USD 52.10  0.47  0.89%   

President

Mr. Thomas L. Mitchell is a Chief Financial Officer, Executive Vice President of Devon Energy Corporationrationration. He serves on the boards of the managing member and general partner of ENLC and ENLK, respectively since 2014.
Age 55
Tenure 10 years
Address 333 West Sheridan Avenue, Oklahoma City, OK, United States, 73102-5015
Phone405 235 3611
Webhttps://www.devonenergy.com
Mitchell served as Executive Vice President, Chief Financial Officer and a Director of Midstates Petroleum Company from 2011 through 2013. From 2006 until 2011, he served as Senior Vice President and Chief Financial Officer of Noble Corporationrationrationration, a contract driller of offshore oil and natural gas wells. He has a bachelor of science degree in accounting from Bob Jones University and is a certified public accountant in the State of Colorado.

Thomas Mitchell Latest Insider Activity

Tracking and analyzing the buying and selling activities of Thomas Mitchell against Devon Energy stock is an integral part of due diligence when investing in Devon Energy. Thomas Mitchell insider activity provides valuable insight into whether Devon Energy is net buyers or sellers over its current business cycle. Note, Devon Energy insiders must abide by specific rules, including filing SEC forms every time they buy or sell Devon Energy'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Devon Energy Management Efficiency

The company has Return on Asset of 0.1271 % which means that on every $100 spent on assets, it made $0.1271 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.3217 %, implying that it generated $0.3217 on every 100 dollars invested. Devon Energy's management efficiency ratios could be used to measure how well Devon Energy manages its routine affairs as well as how well it operates its assets and liabilities. As of the 25th of April 2024, Return On Tangible Assets is likely to grow to 0.16. Also, Return On Capital Employed is likely to grow to 0.23. At this time, Devon Energy's Non Currrent Assets Other are very stable compared to the past year. As of the 25th of April 2024, Return On Tangible Assets is likely to grow to 0.16, while Total Assets are likely to drop about 20.2 B.
The company has 6.48 B in debt with debt to equity (D/E) ratio of 0.61, which is OK given its current industry classification. Devon Energy has a current ratio of 1.14, demonstrating that it is not liquid enough and may have problems paying out its financial commitments when the payables are due. Debt can assist Devon Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Devon Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Devon Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Devon to invest in growth at high rates of return. When we think about Devon Energy's use of debt, we should always consider it together with cash and equity.

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Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma. Devon Energy operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 1600 people. Devon Energy (DVN) is traded on New York Stock Exchange in USA. It is located in 333 West Sheridan Avenue, Oklahoma City, OK, United States, 73102-5015 and employs 1,900 people. Devon Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

Devon Energy Leadership Team

Elected by the shareholders, the Devon Energy's board of directors comprises two types of representatives: Devon Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Devon. The board's role is to monitor Devon Energy's management team and ensure that shareholders' interests are well served. Devon Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Devon Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Robert Mosbacher, Lead Independent Director
John Sherrer, Controller Accounting
Scott Coody, Vice President Investor Relations
Frank Rudolph, Executive Vice President - Human Resources
Dennis Cameron, Executive Vice President General Counsel
Howard Thill, Senior Vice President Communications and IR Contact
Lyndon Taylor, Executive Vice President, Chief Legal and Administrative Officer
John Richels, Vice Chairman, CEO and Pres
Trey Lowe, VP CTO
Darryl Smette, Executive VP of Marketing, Facilities, Pipeline and Supply Chain
Alan Marcum, Executive Vice President - Administration
Tony Vaughn, Executive VP of Exploration and Production
Richard Muncrief, President, Chief Executive Officer, Director
Tana Cashion, Senior Vice President of Human Resources and Administration
Karl Kurz, Independent Director
Alana Tetrick, VP Treasurer
Jeffrey Ritenour, Chief Financial Officer, Executive Vice President
Ann Fox, Director
Mary Ricciardello, Independent Director
Thomas Mitchell, CFO, Executive Vice President
DMartin Phillips, Director
Jeremy Humphers, Senior Officer
Barbara Baumann, Independent Director
David Harris, Executive Vice President and Chief Corporate Development Officer
David Hager, President, Chief Executive Officer, Director
Clay Gaspar, Chief Operating Officer, Executive Vice President
Larry Nichols, Co-Founder and Executive Chairman
Keith Rattie, Independent Director
Duane Radtke, Vice Chairman of the Board
Michael Kanovsky, Independent Director
Kelt Kindick, Lead Independent Director
Greg Horne, Vice Midstream
Robert Henry, Independent Director
John Krenicki, Independent Director
John Bethancourt, Independent Director
Valerie Williams, Independent Director

Devon Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Devon Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Devon Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Devon Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Devon Energy will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Devon Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Devon Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Devon Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Devon Energy to buy it.
The correlation of Devon Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Devon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Devon Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Devon Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Devon Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Devon Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Devon Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Devon Energy Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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When running Devon Energy's price analysis, check to measure Devon Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Devon Energy is operating at the current time. Most of Devon Energy's value examination focuses on studying past and present price action to predict the probability of Devon Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devon Energy's price. Additionally, you may evaluate how the addition of Devon Energy to your portfolios can decrease your overall portfolio volatility.
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Is Devon Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Devon Energy. If investors know Devon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Devon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Dividend Share
2.87
Earnings Share
5.84
Revenue Per Share
22.577
Quarterly Revenue Growth
(0.12)
The market value of Devon Energy is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.