Rep. Julia Letlow Buys Devon Energy Corporation (NYSE:DVN) Shares

Posted by Scott Moore on Jan 15th, 2026

Representative Julia Letlow (R-Louisiana) recently bought shares of Devon Energy Corporation (NYSE:DVN). In a filing disclosed on January 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Devon Energy stock on December 8th. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.

Representative Julia Letlow also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 12/16/2025.
Sold $1,001 – $15,000 in shares of Pinterest (NYSE:PINS) on 12/16/2025.
Purchased $1,001 – $15,000 in shares of United Rentals (NYSE:URI) on 12/16/2025.
Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 12/8/2025.
Sold $1,001 – $15,000 in shares of Mettler-Toledo International (NYSE:MTD) on 12/8/2025.
Purchased $1,001 – $15,000 in shares of Icon Energy (NASDAQ:ICON) on 12/8/2025.
Purchased $1,001 – $15,000 in shares of AstraZeneca (NASDAQ:AZN) on 12/8/2025.
Purchased $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 12/8/2025.
Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 12/8/2025.
Sold $1,001 – $15,000 in shares of Warner Bros. Discovery (NASDAQ:WBD) on 12/8/2025.

Devon Energy Stock Performance

DVN traded down $1.56 during trading on Thursday, reaching $36.36. The company’s stock had a trading volume of 22,427,349 shares, compared to its average volume of 11,314,007. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 0.96. The company’s fifty day moving average price is $36.21 and its 200-day moving average price is $34.62. Devon Energy Corporation has a 52-week low of $25.89 and a 52-week high of $38.88. The company has a market capitalization of $22.81 billion, a price-to-earnings ratio of 8.56, a price-to-earnings-growth ratio of 3.12 and a beta of 0.60.

Devon Energy (NYSE:DVN – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.93 by $0.11. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.The business had revenue of $0.00 million during the quarter, compared to analysts’ expectations of $4.10 billion. During the same period last year, the firm earned $1.10 EPS. On average, equities analysts forecast that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were given a $0.24 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.96 dividend on an annualized basis and a yield of 2.6%. Devon Energy’s dividend payout ratio (DPR) is presently 22.59%.

Institutional Trading of Devon Energy

A number of large investors have recently made changes to their positions in DVN. Opal Wealth Advisors LLC purchased a new position in Devon Energy in the 2nd quarter valued at about $25,000. Caldwell Trust Co acquired a new position in shares of Devon Energy in the second quarter valued at approximately $25,000. PFS Partners LLC purchased a new position in shares of Devon Energy during the third quarter valued at approximately $25,000. First Horizon Corp purchased a new position in shares of Devon Energy during the third quarter valued at approximately $26,000. Finally, Accredited Wealth Management LLC boosted its position in Devon Energy by 61.6% during the third quarter. Accredited Wealth Management LLC now owns 808 shares of the energy company’s stock worth $28,000 after acquiring an additional 308 shares during the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Devon Energy News Summary

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

Positive Sentiment: Unusual call-option activity points to investor expectations of a dividend increase or other shareholder-friendly action ahead of Q4 results (earnings set for Feb. 17), which could support the share price if management follows through. Devon Energy Unusual Call Option Activity – Barchart
Neutral Sentiment: Analysts remain constructive overall (outperform/overweight stances still in place) even after price-target reductions, implying continued upside in analyst models but less near-term enthusiasm. BMO Capital Markets cuts PT to $45 – MarketScreener
Neutral Sentiment: JPMorgan trimmed its price target but kept an overweight rating, signaling confidence in medium-term fundamentals despite lower near-term estimates. JPMorgan adjusts PT to $41 – MarketScreener
Negative Sentiment: Reports that Devon and Coterra are in merger discussions pressured Devon shares as investors parsed potential deal terms and dilution/valuation implications; Coterra shares rallied on the news, suggesting market preference for the counterparty in initial headlines. Exclusive: Devon and Coterra in merger talks – Reuters
Negative Sentiment: Multiple outlets amplified the takeover chatter (Bloomberg/MSN/Financial Post), increasing short-term volatility and prompting profit-taking as investors reassess Devon’s standalone outlook versus a combined company scenario. Coterra considers combining with Devon – Financial Post

Analyst Upgrades and Downgrades

Several brokerages have commented on DVN. Citigroup boosted their target price on shares of Devon Energy from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Siebert Williams Shank reduced their price objective on shares of Devon Energy from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Roth Capital restated a “buy” rating and set a $42.00 target price on shares of Devon Energy in a research report on Wednesday, December 31st. Evercore ISI increased their target price on shares of Devon Energy from $34.00 to $37.00 and gave the company an “in-line” rating in a report on Monday, October 6th. Finally, Capital One Financial decreased their price target on Devon Energy from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.21.

Read Our Latest Report on DVN

About Representative Letlow

Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.

Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.

Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.

About Devon Energy

(Get Free Report)

Devon Energy Corporation (NYSE: DVN) is an independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of hydrocarbons, including crude oil, natural gas liquids (NGLs) and natural gas. Devon operates as an upstream energy company that acquires, evaluates and develops onshore resource plays using a combination of drilling, completion and production optimization techniques.

Core business activities include identifying and developing energy reserves, operating well programs and managing reservoir performance to generate production and cash flow.