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

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 $100,001 and $250,000 in Devon Energy stock on September 4th. The trade occurred in the Representative’s “HERN FAMILY REVOCABLE TRUST” 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 Trading Down 0.7%

Shares of NYSE DVN opened at $46.70 on Tuesday. Devon Energy Corporation has a 12-month low of $31.47 and a 12-month high of $52.71. The company has a market cap of $51.38 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 1.27 and a beta of 0.37. 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 50 day simple moving average is $46.83 and its 200 day simple moving average is $46.31.

Devon Energy (NYSE:DVN) last issued its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.17. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.The firm had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the prior year, the business earned $0.84 EPS. The firm’s revenue was up 73.1% on a year-over-year basis. Equities research analysts expect that Devon Energy Corporation will post 5.27 EPS for the current year.

Devon Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.32 dividend. The ex-dividend date of this dividend 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 30.40%.

Devon Energy News Roundup

Here are the key news stories impacting Devon Energy this week:

• Positive Sentiment: Wells Fargo maintained its “overweight” rating on Devon Energy and continues to view the stock as a buy. Although it trimmed its price target to $64 from $65, the new target still implies roughly 37% potential upside from recent levels. Wells Fargo Remains a Buy on Devon Energy
• Positive Sentiment: Devon’s multi-basin footprint provides exposure to several major U.S. oil and gas regions, which can support production flexibility, diversification and capital-allocation opportunities. This portfolio breadth remains a constructive factor for investors. What Is Behind Devon Energy’s Multi-Basin Footprint?
• Neutral Sentiment: Reports that BP evaluated Devon’s Eagle Ford assets but ultimately walked away highlight possible strategic value in the portfolio, while also showing that a transaction is not imminent. Devon’s shares have performed strongly this year, but investors may now focus more on standalone operating results and commodity prices than on takeover speculation. BP vs. Devon: A Shale Deal That Never Happened
• Neutral Sentiment: Devon is receiving elevated attention from Zacks users and other market participants, but the “trending stock” coverage does not represent a new company announcement or a definitive change to its fundamentals. Is Trending Stock Devon Energy a Buy Now?

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DVN. Wells Fargo & Company reduced their price target on shares of Devon Energy from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of Devon Energy from $62.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. The Goldman Sachs Group dropped their price objective on shares of Devon Energy from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Argus reiterated a “buy” rating and issued a $45.85 price objective on shares of Devon Energy in a research report on Monday, August 17th. Finally, Evercore raised shares of Devon Energy from an “in-line” rating to an “outperform” rating and set a $54.00 target price for the company in a research note on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.72.

Institutional Investors Weigh In On Devon Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. QRG Capital Management Inc. grew its stake in shares of Devon Energy by 44.9% in the 2nd quarter. QRG Capital Management Inc. now owns 301,022 shares of the energy company’s stock worth $12,438,000 after purchasing an additional 93,324 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Devon Energy by 298.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,511 shares of the energy company’s stock worth $724,000 after acquiring an additional 13,115 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Devon Energy by 305.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,086,541 shares of the energy company’s stock worth $127,535,000 after acquiring an additional 2,326,146 shares during the last quarter. State Street Corp raised its position in shares of Devon Energy by 89.8% during the second quarter. State Street Corp now owns 73,179,266 shares of the energy company’s stock worth $3,023,767,000 after purchasing an additional 34,615,088 shares during the period. Finally, Premier Financial Group acquired a new stake in shares of Devon Energy during the second quarter worth $25,000. 69.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Devon Energy

In other news, CEO Clay M. Gaspar bought 3,913 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were acquired at an average cost of $51.08 per share, with a total value of $199,876.04. Following the completion of the transaction, the chief executive officer directly owned 619,152 shares in the company, valued at approximately $31,626,284.16. The trade was a 0.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Ferrall Lowe III sold 6,756 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $50.95, for a total transaction of $344,218.20. Following the completion of the sale, the executive vice president owned 72,720 shares of the company’s stock, valued at approximately $3,705,084. This trade represents a 8.50% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 4.58% of the company’s stock.

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.

About Devon Energy

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.