Devon Energy (NYSE:DVN) Shares Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Devon Energy Corporation NYSE: DVN. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Devon Energy stock on May 12th. 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 Down 1.1%

NYSE:DVN traded down $0.35 on Friday, reaching $32.95. The company's stock had a trading volume of 5,660,879 shares, compared to its average volume of 6,965,611. Devon Energy Corporation has a 1-year low of $25.89 and a 1-year high of $47.44. The business's 50-day moving average price is $32.75 and its two-hundred day moving average price is $33.52. The firm has a market cap of $21.15 billion, a PE ratio of 7.50, a PEG ratio of 1.89 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.08.

Devon Energy (NYSE:DVN - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The energy company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.06). The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. Devon Energy had a net margin of 16.60% and a return on equity of 21.90%. Devon Energy's revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Equities research analysts anticipate that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.96 annualized dividend and a yield of 2.91%. Devon Energy's dividend payout ratio is presently 21.87%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DVN. Tudor, Pickering, Holt & Co. upped their price target on shares of Devon Energy from $42.00 to $44.00 in a report on Thursday, July 3rd. Morgan Stanley boosted their price objective on shares of Devon Energy from $44.00 to $46.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group upped their target price on shares of Devon Energy from $38.00 to $43.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wolfe Research lifted their price target on Devon Energy from $47.00 to $49.00 and gave the company an "outperform" rating in a research note on Monday, June 23rd. Finally, Mizuho cut their price target on Devon Energy from $46.00 to $43.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Eleven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Devon Energy presently has an average rating of "Moderate Buy" and an average target price of $43.85.

Institutional Trading of Devon Energy

A number of hedge funds have recently made changes to their positions in the business. Opal Wealth Advisors LLC bought a new stake in Devon Energy in the 2nd quarter valued at $25,000. Hurley Capital LLC bought a new position in Devon Energy during the fourth quarter worth $26,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Devon Energy in the first quarter valued at $26,000. Banque Cantonale Vaudoise bought a new position in shares of Devon Energy in the first quarter valued at about $26,000. Finally, Accredited Wealth Management LLC acquired a new stake in shares of Devon Energy during the 4th quarter worth about $28,000. 69.72% of the stock is owned by institutional investors and hedge funds.

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.

Devon Energy Company Profile

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.