Devon Energy (NYSE:DVN) Shares Sold by Rep. Kevin Hern

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 $100,001 and $250,000 in Devon Energy stock on August 31st. The trade occurred in the Representative’s “HERN FAMILY FOUNDATION” 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 Stock Down 0.4%

DVN stock traded down $0.18 during midday trading on Tuesday, hitting $46.55. 10,507,921 shares of the company’s stock were exchanged, compared to its average volume of 13,373,798. The stock has a market capitalization of $51.21 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.27 and a beta of 0.37. The company has a current ratio of 0.72, a quick ratio of 0.67 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. The firm has a 50 day moving average price of $46.83 and a 200-day moving average price of $46.31.

Devon Energy (NYSE:DVN) last posted its quarterly earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $6.01 billion. During the same period in the prior year, the company posted $0.84 EPS. The business’s revenue was up 73.1% compared to the same quarter last year. On average, analysts anticipate that Devon Energy Corporation will post 5.27 EPS for the current year.

Devon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Devon Energy’s dividend payout ratio (DPR) is 30.40%.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: Wells Fargo maintained its Overweight rating and “Buy” view on Devon Energy, indicating continued confidence in the company’s operating outlook and valuation. Wells Fargo Remains a Buy on Devon Energy
• Positive Sentiment: Devon’s multi-basin footprint provides exposure to several major U.S. shale regions, including the Delaware, Eagle Ford and Anadarko basins. This geographic diversification can support production flexibility and reduce reliance on any single operating area. What Is Behind Devon Energy’s Multi-Basin Footprint?
• Neutral Sentiment: Reports that BP evaluated Devon’s Eagle Ford assets but ultimately walked away highlight potential strategic value in the portfolio, though no transaction was completed. The episode also underscores different approaches by BP and Devon to reshaping their shale businesses. BP vs. Devon: A Shale Deal That Never Happened
• Neutral Sentiment: Devon became a heavily searched stock on Zacks, but the coverage primarily encourages investors to review its earnings outlook, valuation and analyst expectations rather than announcing a new fundamental development. Is Trending Stock Devon Energy a Buy Now?
• Negative Sentiment: Wells Fargo lowered its price target from $65 to $64. Although the firm still sees substantial upside and retains an Overweight rating, the reduction may weigh modestly on sentiment. Devon Energy Stock Price Target Lowered at Wells Fargo

Insider Transactions at Devon Energy

In other Devon Energy news, CEO Clay Gaspar purchased 3,913 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was bought at an average cost of $51.08 per share, for a total transaction of $199,876.04. Following the completion of the acquisition, the chief executive officer directly owned 619,152 shares in the company, valued at $31,626,284.16. This represents a 0.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Ferrall Lowe III sold 6,756 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were 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 of the company’s stock, valued at $3,705,084. This represents a 8.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Devon Energy from $62.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Susquehanna lifted their price target on Devon Energy from $57.00 to $63.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. Weiss Ratings raised Devon Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. The Goldman Sachs Group lowered their target price on Devon Energy from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Finally, Wells Fargo & Company reduced their price target on shares of Devon Energy from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.72.

Hedge Funds Weigh In On Devon Energy

Hedge funds have recently bought and sold shares of the business. Cim Investment Management Inc. acquired a new stake in Devon Energy in the 2nd quarter worth approximately $414,000. QRG Capital Management Inc. grew its holdings in Devon Energy by 44.9% during the second quarter. QRG Capital Management Inc. now owns 301,022 shares of the energy company’s stock valued at $12,438,000 after purchasing an additional 93,324 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Devon Energy by 298.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,511 shares of the energy company’s stock valued at $724,000 after purchasing an additional 13,115 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Devon Energy by 305.9% in the second quarter. Envestnet Asset Management Inc. now owns 3,086,541 shares of the energy company’s stock worth $127,535,000 after buying an additional 2,326,146 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Devon Energy by 89.8% in the second quarter. State Street Corp now owns 73,179,266 shares of the energy company’s stock worth $3,023,767,000 after buying an additional 34,615,088 shares during the last quarter. 69.72% of the stock is owned by institutional investors and hedge funds.

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.

About Devon Energy

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.