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

Key Points

• Rep. Kevin Hern sold $50,001–$100,000 of Devon Energy shares on September 23 from the Hern Family Foundation account, as disclosed in an October 13 filing.
• Devon Energy reported strong quarterly results, with EPS of $1.57 exceeding estimates of $1.40 and revenue rising 73.1% year over year to $7.42 billion. The company also pays a quarterly dividend of $0.32, yielding approximately 2.6% annually.
• Shares opened at $49.97, while analysts maintain a “Moderate Buy” consensus with an average price target of $60.76; institutional investors own 69.72% of the stock.

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 $50,001 and $100,000 in Devon Energy stock on September 23rd. 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 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 $15,001 - $50,000 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 Trading Down 0.5%

Shares of NYSE DVN opened at $49.97 on Thursday. 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 52-week low of $31.47 and a 52-week high of $52.71. The stock's 50 day moving average price is $47.78 and its two-hundred day moving average price is $46.31. The stock has a market capitalization of $54.97 billion, a P/E ratio of 11.87, a PEG ratio of 1.34 and a beta of 0.49.

Devon Energy (NYSE:DVN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 EPS for the quarter, topping 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 firm had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the prior year, the business earned $0.84 EPS. The firm's revenue was up 73.1% on a year-over-year basis. On average, analysts anticipate that Devon Energy Corporation will post 5.36 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

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

Insider Buying and Selling

In other news, CEO Clay M. Gaspar bought 3,913 shares of the company's stock in a transaction that occurred on Monday, September 14th. The stock was bought at an average price of $51.08 per share, with a total value of $199,876.04. Following the acquisition, the chief executive officer owned 619,152 shares of the company's stock, valued at approximately $31,626,284.16. This represents a 0.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $344,218.20. Following the completion of the sale, the executive vice president owned 72,720 shares of the company's stock, valued at $3,705,084. The trade was a 8.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.58% of the company's stock.

Institutional Investors Weigh In On Devon Energy

Hedge funds have recently made changes to their positions in the stock. Mather Group LLC. grew its stake in shares of Devon Energy by 6.2% in the 3rd quarter. Mather Group LLC. now owns 14,726 shares of the energy company's stock worth $678,000 after buying an additional 857 shares during the last quarter. First Citizens Bank & Trust Co. bought a new position in Devon Energy during the 3rd quarter valued at about $1,318,000. Krilogy Financial LLC boosted its holdings in Devon Energy by 5.4% in the third quarter. Krilogy Financial LLC now owns 16,706 shares of the energy company's stock worth $818,000 after purchasing an additional 862 shares during the last quarter. Sage Capital Advisors llc increased its stake in shares of Devon Energy by 9.2% in the 3rd quarter. Sage Capital Advisors llc now owns 30,061 shares of the energy company's stock worth $1,384,000 after purchasing an additional 2,528 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its position in Devon Energy by 8.9% in the third quarter. NorthCrest Asset Manangement LLC now owns 13,070 shares of the energy company's stock worth $639,000 after buying an additional 1,073 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on DVN. Wolfe Research set a $67.00 price objective on shares of Devon Energy and gave the company an "outperform" rating in a research report on Monday, June 22nd. Morgan Stanley cut their target price on Devon Energy from $66.00 to $63.00 and set an "overweight" rating for the company in a research note on Friday, June 26th. Truist Financial dropped their price objective on shares of Devon Energy from $65.00 to $61.00 and set a "buy" rating for the company in a report on Wednesday, October 7th. Raymond James Financial raised their target price on 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, Argus reiterated a "buy" rating and issued a $45.85 price objective on shares of Devon Energy in a report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $60.76.

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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