Representative Jefferson Shreve (R-Indiana) recently bought shares of Devon Energy Corporation NYSE: DVN. In a filing disclosed on June 22nd, the Representative disclosed that they had bought between $15,001 and $50,000 in Devon Energy stock on May 8th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
- Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
- Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
- Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
- Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
- Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
- Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.
Devon Energy Trading Up 3.4%
Shares of NYSE:DVN traded up $1.11 during trading on Monday, reaching $34.05. The stock had a trading volume of 2,537,749 shares, compared to its average volume of 9,109,164. Devon Energy Corporation has a fifty-two week low of $25.89 and a fifty-two week high of $47.44. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average price of $32.75 and a 200-day moving average price of $33.49. The stock has a market cap of $21.86 billion, a P/E ratio of 7.76, a PEG ratio of 1.87 and a beta of 1.02.
Devon Energy (NYSE:DVN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The energy company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.06). Devon Energy had a return on equity of 21.90% and a net margin of 16.60%. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period last year, the company posted $1.16 EPS. The business's revenue for the quarter was up 23.8% on a year-over-year basis. As a group, analysts anticipate that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.
Devon Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Friday, June 13th. Devon Energy's dividend payout ratio is presently 21.87%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Resona Asset Management Co. Ltd. bought a new position in Devon Energy during the 4th quarter valued at $5,967,000. Cantor Fitzgerald Investment Advisors L.P. lifted its position in shares of Devon Energy by 10.8% in the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 272,990 shares of the energy company's stock worth $10,210,000 after buying an additional 26,519 shares during the last quarter. Merit Financial Group LLC lifted its position in shares of Devon Energy by 209.5% in the 1st quarter. Merit Financial Group LLC now owns 22,679 shares of the energy company's stock worth $848,000 after buying an additional 15,351 shares during the last quarter. Aviva PLC lifted its position in shares of Devon Energy by 767.3% in the 4th quarter. Aviva PLC now owns 376,999 shares of the energy company's stock worth $12,339,000 after buying an additional 333,530 shares during the last quarter. Finally, Autumn Glory Partners LLC lifted its position in shares of Devon Energy by 93.6% in the 1st quarter. Autumn Glory Partners LLC now owns 41,368 shares of the energy company's stock worth $1,547,000 after buying an additional 20,000 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently commented on DVN. Wall Street Zen raised shares of Devon Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. UBS Group upped their price target on shares of Devon Energy from $35.00 to $37.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Tudor, Pickering, Holt & Co. upped their price target on shares of Devon Energy from $42.00 to $44.00 in a research report on Thursday, July 3rd. Wolfe Research increased their price objective on shares of Devon Energy from $47.00 to $49.00 and gave the stock an "outperform" rating in a research report on Monday, June 23rd. Finally, Morgan Stanley reissued an "overweight" rating and issued a $46.00 price objective (up previously from $44.00) on shares of Devon Energy in a research report on Tuesday, July 15th. Eleven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Devon Energy has an average rating of "Moderate Buy" and an average price target of $43.85.
Get Our Latest Analysis on Devon Energy
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
About Devon Energy
(
Get Free Report)
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
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