Rep. Kevin Hern Sells Shares of Devon Energy Corporation (NYSE:DVN)

Key Points

• Rep. Kevin Hern sold $15,001–$50,000 of Devon Energy shares on August 31 from his traditional IRA, alongside several other recent stock sales.
• Devon 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 also declared a $0.32 quarterly dividend, equivalent to a 2.7% annualized yield.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $59.72 versus shares recently trading near $46.70. CEO Clay Gaspar also purchased shares, although an executive vice president sold stock and BP abandoned a potential Eagle Ford asset acquisition.

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 $15,001 and $50,000 in Devon Energy stock on August 31st. The trade occurred in the Representative's "KEVIN HERN TRADITIONAL IRA" 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 Performance

Shares of Devon Energy stock opened at $46.70 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.24. The stock's fifty day moving average price is $46.83 and its 200-day moving average price is $46.31. The firm has a market cap of $51.38 billion, a P/E ratio of 11.09, a P/E/G ratio of 1.27 and a beta of 0.37. Devon Energy Corporation has a 12 month low of $31.47 and a 12 month high of $52.71.

Devon Energy (NYSE:DVN - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.17. The company had revenue of $7.42 billion during 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 revenue for the quarter was up 73.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. On average, equities research analysts expect that Devon Energy Corporation will post 5.27 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

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

More Devon Energy News

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

Insider Buying and Selling at Devon Energy

In other Devon Energy news, EVP Robert Ferrall Lowe III sold 6,756 shares of the company's stock in a transaction 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 sale, the executive vice president directly owned 72,720 shares of the company's stock, valued at approximately $3,705,084. This represents a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DVN. Wolfe Research set a $67.00 price target on shares of Devon Energy and gave the stock an "outperform" rating in a research report on Monday, June 22nd. Barclays reduced their price objective on shares of Devon Energy from $62.00 to $58.00 and set an "overweight" rating for the company in a research note on Monday, August 17th. Wells Fargo & Company lowered their target price on Devon Energy from $65.00 to $64.00 and set an "overweight" rating for the company in a report on Monday. Seaport Research Partners initiated coverage on Devon Energy in a research report on Thursday, September 3rd. They set a "buy" rating and a $65.00 target price on the stock. Finally, Evercore upgraded Devon Energy from an "in-line" rating to an "outperform" rating and set a $54.00 price target on the stock in a report on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $59.72.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Devon Energy during the fourth quarter worth about $25,000. Premier Financial Group acquired a new position in Devon Energy in the 2nd quarter worth approximately $25,000. JFS Wealth Advisors LLC raised its position in Devon Energy by 56.6% during the 2nd quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company's stock worth $28,000 after buying an additional 245 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in Devon Energy during the 2nd quarter valued at approximately $28,000. Finally, MV Capital Management Inc. acquired a new stake in Devon Energy during the 4th quarter valued at approximately $29,000. 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.

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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