Rep. Jefferson Shreve Sells Devon Energy Co. (NYSE:DVN) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of Devon Energy Co. NYSE: DVN. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Devon Energy stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Devon Energy Stock Performance

Shares of DVN traded down $0.79 on Thursday, reaching $33.17. The company's stock had a trading volume of 1,069,098 shares, compared to its average volume of 9,694,507. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.01. The stock has a market capitalization of $21.30 billion, a P/E ratio of 7.27, a PEG ratio of 1.20 and a beta of 1.00. The stock's 50 day simple moving average is $32.54 and its two-hundred day simple moving average is $34.64. Devon Energy Co. has a 12-month low of $25.89 and a 12-month high of $50.24.

Devon Energy (NYSE:DVN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The energy company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.06). Devon Energy had a net margin of 18.14% and a return on equity of 22.52%. The firm had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. During the same period in the prior year, the firm earned $1.16 EPS. Devon Energy's revenue for the quarter was up 23.8% compared to the same quarter last year. Research analysts forecast that Devon Energy Co. will post 4.85 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, June 13th. Devon Energy's payout ratio is 21.87%.

Wall Street Analysts Forecast Growth

DVN has been the topic of several research analyst reports. Scotiabank lowered their target price on shares of Devon Energy from $45.00 to $35.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. StockNews.com raised shares of Devon Energy from a "sell" rating to a "hold" rating in a report on Thursday. Williams Trading set a $50.00 price target on shares of Devon Energy in a research report on Wednesday, March 5th. UBS Group reduced their price target on shares of Devon Energy from $41.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, Morgan Stanley set a $47.00 price target on shares of Devon Energy and gave the stock an "overweight" rating in a research report on Wednesday, March 26th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.87.

Institutional Investors Weigh In On Devon Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its holdings in shares of Devon Energy by 90.1% during the 3rd quarter. Franklin Resources Inc. now owns 1,363,090 shares of the energy company's stock worth $58,435,000 after acquiring an additional 646,045 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Devon Energy by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 731,978 shares of the energy company's stock worth $28,635,000 after acquiring an additional 7,487 shares during the period. Nordea Investment Management AB raised its holdings in shares of Devon Energy by 70.0% during the 4th quarter. Nordea Investment Management AB now owns 65,861 shares of the energy company's stock worth $2,145,000 after acquiring an additional 27,114 shares during the period. Hudson Valley Investment Advisors Inc. ADV raised its holdings in Devon Energy by 20.8% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 6,600 shares of the energy company's stock valued at $216,000 after buying an additional 1,137 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Devon Energy by 90.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,724,407 shares of the energy company's stock valued at $89,170,000 after buying an additional 1,296,590 shares during the period. Institutional investors and hedge funds own 69.72% of the company's stock.

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.