Devon Energy (NYSE:DVN) Stock Sale Revealed by Rep. Kevin Hern

Posted by Jessica Moore on Sep 29th, 2026

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Devon Energy Corporation (NYSE:DVN). In a filing disclosed on September 25th, the Representative disclosed that they had sold between $15,001 and $50,000 in Devon Energy stock on August 31st. The trade occurred in the Representative’s “KEVIN HERN TRADITIONAL IRA” account.

Representative Kevin Hern also recently made the following trade(s):

Sold $15,001 – $50,000 in shares of CenterPoint Energy (NYSE:CNP) on 9/15/2026.
Sold $1,001 – $15,000 in shares of TJX Companies (NYSE:TJX) on 9/15/2026.
Sold $15,001 – $50,000 in shares of STERIS (NYSE:STE) on 9/15/2026.
Sold $1,001 – $15,000 in shares of Seagate Technology (NASDAQ:STX) on 9/15/2026.
Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 9/14/2026.
Sold $1,001 – $15,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/14/2026.
Sold $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 9/14/2026.
Sold $15,001 – $50,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
Sold $15,001 – $50,000 in shares of Emerson Electric (NYSE:EMR) on 9/14/2026.

Devon Energy Price Performance

DVN stock traded down $0.33 during mid-day trading on Tuesday, hitting $46.40. The company had a trading volume of 3,464,999 shares, compared to its average volume of 13,334,595. The company has a market capitalization of $51.04 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of 1.27 and a beta of 0.37. The company has a 50-day moving average price of $46.83 and a 200 day moving average price of $46.31. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.24. Devon Energy Corporation has a 12-month low of $31.47 and a 12-month high of $52.71.

Devon Energy (NYSE:DVN – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.17. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.The business had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $6.01 billion. During the same quarter last year, the business posted $0.84 EPS. The firm’s revenue for the quarter was up 73.1% compared to the same quarter last year. On average, research analysts anticipate that Devon Energy Corporation will post 5.27 earnings per share for the current year.

Devon Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Devon Energy’s dividend payout ratio (DPR) is presently 30.40%.

Devon Energy News Summary

Here are the key news stories impacting Devon Energy this week:

Positive Sentiment: Wells Fargo maintained its “overweight” rating on Devon, signaling continued confidence in the company’s valuation and operating outlook. The firm still sees substantial upside, with a $64 target. Wells Fargo Remains a Buy on Devon Energy
Positive Sentiment: Devon’s multi-basin footprint provides exposure to several major U.S. oil and gas regions, including the Delaware, Eagle Ford and Anadarko basins. This diversification can support production flexibility and reduce dependence on any single asset area. What Is Behind Devon Energy’s Multi-Basin Footprint?
Neutral Sentiment: Devon remains a heavily watched stock among Zacks users. The company’s relatively low valuation and exposure to U.S. shale support the investment case, although the shares remain sensitive to oil and natural-gas prices. Is Trending Stock Devon Energy a Buy Now?
Neutral Sentiment: Devon is among the energy companies highlighted in an active mergers-and-acquisitions watchlist, reflecting potential strategic interest in its assets, but no transaction has been announced. Stocktwits M&A Watch
Negative Sentiment: Wells Fargo lowered its Devon price target from $65 to $64. Although the bank kept its buy-equivalent rating, the reduction indicates somewhat less near-term upside than previously expected. Devon Energy Stock Price Target Lowered at Wells Fargo
Negative Sentiment: BP reportedly examined acquiring Devon’s Eagle Ford assets but ultimately walked away. The abandoned discussions remove a possible takeover or asset-sale catalyst, despite Devon’s broader shares remaining supported by strong year-to-date performance. BP vs. Devon: A Shale Deal That Never Happened

Analysts Set New Price Targets

DVN has been the topic of several recent research reports. Morgan Stanley decreased their price objective on Devon Energy from $66.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. Evercore upgraded shares of Devon Energy from an “in-line” rating to an “outperform” rating and set a $54.00 price target on the stock in a research report on Wednesday, June 10th. Argus reaffirmed a “buy” rating and set a $45.85 price target on shares of Devon Energy in a research note on Monday, August 17th. Capital One Financial lowered their price objective on shares of Devon Energy from $63.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, June 2nd. Finally, Wall Street Zen downgraded shares of Devon Energy from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.72.

Check Out Our Latest Stock Analysis on Devon Energy

Hedge Funds Weigh In On Devon Energy

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Devon Energy by 57.6% during the second quarter. BlackRock Inc. now owns 95,378,854 shares of the energy company’s stock worth $3,941,054,000 after purchasing an additional 34,871,366 shares during the last quarter. State Street Corp boosted its stake in shares of Devon Energy by 89.8% during the second quarter. State Street Corp now owns 73,179,266 shares of the energy company’s stock valued at $3,023,767,000 after purchasing an additional 34,615,088 shares during the period. Wellington Management Group LLP grew its holdings in shares of Devon Energy by 418.3% in the second quarter. Wellington Management Group LLP now owns 51,522,376 shares of the energy company’s stock worth $2,128,905,000 after purchasing an additional 41,581,435 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Devon Energy by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 19,177,835 shares of the energy company’s stock worth $700,238,000 after purchasing an additional 186,743 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Devon Energy by 17.5% in the 4th quarter. Victory Capital Management Inc. now owns 13,916,979 shares of the energy company’s stock worth $509,779,000 after buying an additional 2,071,021 shares during the period. Institutional investors own 69.72% of the company’s stock.

Insider Transactions at Devon Energy

In related news, CEO Clay M. Gaspar bought 3,913 shares of Devon Energy stock in a transaction dated Monday, September 14th. The shares were acquired at an average cost of $51.08 per share, with a total value of $199,876.04. Following the completion of the transaction, the chief executive officer owned 619,152 shares in the company, valued at $31,626,284.16. The trade was a 0.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Ferrall Lowe III sold 6,756 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $50.95, for a total transaction of $344,218.20. Following the transaction, the executive vice president directly owned 72,720 shares in the company, valued at approximately $3,705,084. This trade represents a 8.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 4.58% of the company’s stock.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

Devon Energy Company Profile

(Get Free Report)

Devon Energy Corporation (NYSE: DVN) is an independent energy company engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids. The company operates in the United States and focuses on onshore properties with oil- and liquids-rich resources.

Devon’s operations are concentrated in several major U.S. producing regions, including the Delaware Basin in the Permian Basin, the Eagle Ford, the Anadarko Basin, the Williston Basin and the Powder River Basin.