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

Key Points

• Rep. Kevin Hern sold $100,001–$250,000 of Devon Energy shares from his family trust on September 4; he also reported several other stock sales in mid-September.
• Devon Energy reported quarterly EPS of $1.57, exceeding the $1.40 consensus estimate, while revenue rose 73.1% year over year to $7.42 billion. The company also declared a quarterly dividend of $0.32 per share, yielding about 2.7% annually.
• Analysts maintain a generally positive view, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $59.72 versus its recent price near $46.70.

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 September 4th. 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 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 0.7%

DVN stock opened at $46.70 on Tuesday. Devon Energy Corporation has a 12 month low of $31.47 and a 12 month high of $52.71. The firm has a market cap of $51.38 billion, a PE ratio of 11.09, a P/E/G ratio of 1.27 and a beta of 0.37. The firm has a 50 day simple moving average of $46.83 and a 200 day simple moving average of $46.31. 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 (NYSE:DVN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.17. The firm had revenue of $7.42 billion for the quarter, compared to analyst estimates of $6.01 billion. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. The firm's quarterly revenue was up 73.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 earnings per share. Equities research analysts forecast that Devon Energy Corporation will post 5.27 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Devon Energy's payout ratio is presently 30.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DVN shares. Capital One Financial cut their target price on Devon Energy from $63.00 to $61.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 2nd. Morgan Stanley dropped their price target on Devon Energy from $66.00 to $63.00 and set an "overweight" rating on the stock in a research note on Friday, June 26th. Evercore upgraded Devon Energy from an "in-line" rating to an "outperform" rating and set a $54.00 price objective on the stock in a report on Wednesday, June 10th. Raymond James Financial upped their price objective on shares of Devon Energy from $64.00 to $67.00 and gave the company a "strong-buy" rating in a research note on Monday, September 14th. Finally, Seaport Research Partners began coverage on shares of Devon Energy in a research report on Thursday, September 3rd. They issued a "buy" rating and a $65.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $59.72.

Insider Buying and Selling at Devon Energy

In related news, EVP Robert Ferrall Lowe III sold 6,756 shares of the stock in a transaction 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 completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Clay M. Gaspar acquired 3,913 shares of Devon Energy stock in a transaction that occurred on Monday, September 14th. The shares were purchased at an average cost of $51.08 per share, with a total value of $199,876.04. Following the transaction, the chief executive officer owned 619,152 shares of the company's stock, valued at approximately $31,626,284.16. The trade was a 0.64% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 4.58% of the company's stock.

Hedge Funds Weigh In On Devon Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings 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 period. State Street Corp lifted its position in Devon Energy by 89.8% in the 2nd 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 in the last quarter. Wellington Management Group LLP lifted its position in Devon Energy by 418.3% in the 2nd quarter. Wellington Management Group LLP now owns 51,522,376 shares of the energy company's stock worth $2,128,905,000 after buying an additional 41,581,435 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Devon Energy by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 19,177,835 shares of the energy company's stock valued at $700,238,000 after buying an additional 186,743 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Devon Energy by 17.5% during the 4th quarter. Victory Capital Management Inc. now owns 13,916,979 shares of the energy company's stock valued at $509,779,000 after buying an additional 2,071,021 shares during the period. Hedge funds and other institutional investors own 69.72% of the company's stock.

Key Headlines Impacting Devon Energy

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

• Positive Sentiment: Wells Fargo maintained its overweight rating on Devon Energy, indicating continued confidence in the company’s earnings outlook and valuation. The bank’s revised $64 price target still implies substantial upside from recent trading levels, despite being reduced modestly from $65. Wells Fargo Remains a Buy on Devon Energy
• Positive Sentiment: Devon’s multi-basin footprint remains a key investment argument. Its exposure across several U.S. oil and gas regions, including the Eagle Ford, provides operational diversification and multiple avenues for production, cash flow and portfolio optimization. What Is Behind Devon Energy’s Multi-Basin Footprint?
• Neutral Sentiment: Devon is receiving elevated retail and market attention, with Zacks users actively evaluating whether the shares remain attractive. The coverage highlights valuation and fundamentals but does not represent a new company-specific catalyst. Is Trending Stock Devon Energy a Buy Now?
• Negative Sentiment: BP reportedly studied buying Devon’s Eagle Ford assets but ultimately walked away. The abandoned potential transaction removes a possible source of near-term asset-sale proceeds or takeover speculation, although it may also underscore the strategic value of Devon’s South Texas operations. BP vs. Devon: A Shale Deal That Never Happened
• Negative Sentiment: Wells Fargo’s reduction of its price target from $65 to $64 is a modest negative signal, suggesting slightly less upside in its updated assumptions. However, the continued overweight rating tempers the impact of the cut. Devon Energy Stock Price Target Lowered at Wells Fargo

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

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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