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

Key Points

• Rep. Kevin Hern reported selling Devon Energy shares from the HERN FAMILY REVOCABLE TRUST on September 23, with the transaction valued between $15,001 and $50,000; he also disclosed several other stock sales.
• Devon Energy reported quarterly earnings of $1.57 per share, exceeding estimates of $1.40, while revenue rose 73.1% year over year to $7.42 billion. The company pays a quarterly dividend of $0.32, equivalent to a 2.6% annual yield.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $60.76 versus an opening price of $49.97.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Devon Energy Corporation NYSE: DVN. In a filing disclosed on October 13th, the Representative disclosed that they had sold between $15,001 and $50,000 in Devon Energy stock on September 23rd. The trade occurred in the Representative's "HERN FAMILY REVOCABLE TRUST" account.

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

• Sold $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 10/2/2026.
• Sold $15,001 - $50,000 in shares of Lockheed Martin NYSE: LMT on 9/23/2026.
• Sold $50,001 - $100,000 in shares of Devon Energy NYSE: DVN on 9/23/2026.
• Sold $15,001 - $50,000 in shares of Starbucks NASDAQ: SBUX on 9/23/2026.
• Sold $50,001 - $100,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 9/23/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/23/2026.
• Sold $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 9/23/2026.
• Sold $15,001 - $50,000 in shares of Chevron NYSE: CVX on 9/23/2026.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 9/23/2026.
• Sold $15,001 - $50,000 in shares of Lockheed Martin NYSE: LMT on 9/17/2026.

Devon Energy Stock Performance

Shares of NYSE DVN opened at $49.97 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.72 and a quick ratio of 0.67. Devon Energy Corporation has a 1 year low of $31.47 and a 1 year high of $52.71. The firm has a fifty day moving average price of $47.78 and a 200-day moving average price of $46.31. The stock has a market cap of $54.97 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.34 and a beta of 0.49.

Devon Energy (NYSE:DVN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The energy company reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.17. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%. The company had revenue of $7.42 billion during the quarter, compared to analyst estimates of $6.01 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The firm's revenue was up 73.1% on a year-over-year basis. Equities analysts anticipate that Devon Energy Corporation will post 5.36 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 15th. Devon Energy's dividend payout ratio is currently 30.40%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DVN. Barclays raised their price target on Devon Energy from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, October 9th. UBS Group boosted their price objective on shares of Devon Energy from $63.00 to $65.00 and gave the company a "buy" rating in a research report on Wednesday, October 7th. Morgan Stanley reduced their target price on shares of Devon Energy from $66.00 to $63.00 and set an "overweight" rating on the stock in a research note on Friday, June 26th. Seaport Research Partners initiated coverage on shares of Devon Energy in a research note on Thursday, September 3rd. They issued a "buy" rating and a $65.00 target price on the stock. Finally, The Goldman Sachs Group lowered their target price on shares of Devon Energy from $54.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $60.76.

Hedge Funds Weigh In On Devon Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake 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 acquiring an additional 34,871,366 shares during the last quarter. State Street Corp increased its holdings 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 acquiring an additional 34,615,088 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Devon Energy by 418.3% during the second quarter. Wellington Management Group LLP now owns 51,522,376 shares of the energy company's stock valued at $2,128,905,000 after acquiring an additional 41,581,435 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Devon Energy in the 2nd quarter valued at approximately $421,226,000. Finally, GQG Partners LLC purchased a new position in shares of Devon Energy in the 2nd quarter valued at approximately $402,558,000. Hedge funds and other institutional investors own 69.72% of the company's stock.

Insider Buying and Selling

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

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.

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