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

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 Trading Down 0.6%

DVN stock traded down $0.20 during midday trading on Wednesday, hitting $34.09. 1,320,331 shares of the company's stock were exchanged, compared to its average volume of 8,553,702. The stock's fifty day moving average price is $32.56 and its 200-day moving average price is $34.64. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04. The company has a market cap of $21.89 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 1.20 and a beta of 1.00. Devon Energy Co. has a one year low of $25.89 and a one year high of $50.24.

Devon Energy (NYSE:DVN - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. Devon Energy had a net margin of 18.14% and a return on equity of 22.52%. The business's revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.16 EPS. Research analysts predict that Devon Energy Co. will post 4.85 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.24 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.96 annualized dividend and a dividend yield of 2.82%. Devon Energy's dividend payout ratio is currently 21.87%.

Institutional Trading of Devon Energy

A number of large investors have recently bought and sold shares of the business. Dorsey & Whitney Trust CO LLC lifted its position in Devon Energy by 20.3% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 10,445 shares of the energy company's stock valued at $391,000 after acquiring an additional 1,764 shares in the last quarter. Venture Visionary Partners LLC grew its stake in Devon Energy by 36.0% in the 1st quarter. Venture Visionary Partners LLC now owns 15,096 shares of the energy company's stock valued at $565,000 after buying an additional 3,998 shares in the last quarter. Credit Agricole S A boosted its holdings in Devon Energy by 9.0% in the 1st quarter. Credit Agricole S A now owns 193,074 shares of the energy company's stock valued at $7,221,000 after purchasing an additional 15,945 shares during the period. Texas Capital Bank Wealth Management Services Inc bought a new position in Devon Energy in the 1st quarter valued at $203,000. Finally, Wellington Management Group LLP boosted its holdings in Devon Energy by 12.9% in the 1st quarter. Wellington Management Group LLP now owns 117,048 shares of the energy company's stock valued at $4,378,000 after purchasing an additional 13,403 shares during the period. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DVN has been the topic of a number of recent analyst reports. Raymond James set a $40.00 price target on Devon Energy in a research report on Monday, April 21st. Truist Financial boosted their price target on Devon Energy from $42.00 to $44.00 and gave the stock a "hold" rating in a research report on Thursday, February 20th. Wells Fargo & Company boosted their price target on Devon Energy from $44.00 to $46.00 and gave the stock an "overweight" rating in a research report on Wednesday. Royal Bank of Canada lowered their price target on Devon Energy from $49.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Monday, April 14th. Finally, Barclays boosted their price objective on Devon Energy from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $43.87.

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

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.