Devon Energy (NYSE:DVN) Stock Sold Off by Rep. Kevin Hern

Posted by Grant Hamersma on Sep 29th, 2026

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 $15,001 and $50,000 in Devon Energy stock on August 31st. The trade occurred in the Representative’s “KEVIN HERN TRADITIONAL IRA” 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 Price Performance

DVN stock traded down $0.18 during midday trading on Tuesday, hitting $46.55. 7,175,550 shares of the stock were exchanged, compared to its average volume of 13,355,431. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.67 and a current ratio of 0.72. The stock has a market cap of $51.21 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 1.27 and a beta of 0.37. Devon Energy Corporation has a fifty-two week low of $31.47 and a fifty-two week high of $52.71. The stock’s 50-day moving average price is $46.83 and its 200-day moving average price is $46.31.

Devon Energy (NYSE:DVN – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.40 by $0.17. The business had revenue of $7.42 billion for the quarter, compared to analyst estimates of $6.01 billion. Devon Energy had a net margin of 16.67% and a return on equity of 14.93%. The business’s revenue for the quarter was up 73.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 EPS. Research analysts predict that Devon Energy Corporation will post 5.27 earnings per share for the current year.

Devon Energy Dividend Announcement

The company 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 is Tuesday, September 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.7%. Devon Energy’s dividend payout ratio is currently 30.40%.

Insider Buying and Selling at Devon Energy

In other news, CEO Clay Gaspar acquired 3,913 shares of the business’s stock in a transaction on Monday, September 14th. The shares were purchased at an average price of $51.08 per share, for a total transaction of $199,876.04. Following the acquisition, the chief executive officer directly owned 619,152 shares of the company’s stock, valued at $31,626,284.16. This represents a 0.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Ferrall Lowe III sold 6,756 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $50.95, for a total value of $344,218.20. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. 4.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Devon Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its stake in Devon Energy by 57.6% during the second quarter. BlackRock Inc. now owns 95,378,854 shares of the energy company’s stock worth $3,941,054,000 after buying an additional 34,871,366 shares during the period. State Street Corp lifted its holdings in shares of Devon Energy by 89.8% during the 2nd quarter. State Street Corp now owns 73,179,266 shares of the energy company’s stock valued at $3,023,767,000 after acquiring an additional 34,615,088 shares in the last quarter. Wellington Management Group LLP boosted its position in Devon Energy by 418.3% during the 2nd quarter. Wellington Management Group LLP now owns 51,522,376 shares of the energy company’s stock worth $2,128,905,000 after purchasing an additional 41,581,435 shares during the period. Geode Capital Management LLC increased its holdings in Devon Energy by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 19,177,835 shares of the energy company’s stock valued at $700,238,000 after purchasing an additional 186,743 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Devon Energy by 17.5% in the fourth quarter. Victory Capital Management Inc. now owns 13,916,979 shares of the energy company’s stock valued at $509,779,000 after acquiring an additional 2,071,021 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Devon Energy News Summary

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

Positive Sentiment: Wells Fargo maintained an overweight/buy rating on Devon Energy and still sees substantial upside, with a $64 price target versus approximately $46.52 previously cited. The target was reduced slightly from $65, but the continued bullish rating supports investor confidence. Devon Energy Stock Price Target Lowered at Wells Fargo
Positive Sentiment: Devon’s multi-basin footprint, including exposure to several major U.S. shale regions, is highlighted as a diversification advantage. A broad asset base can support production flexibility and reduce dependence on any single basin or project. What Is Behind Devon Energy’s Multi-Basin Footprint?
Neutral Sentiment: Devon remains in focus among investors because of its valuation and potential corporate activity. The company trades at a relatively low earnings multiple, but the articles do not identify a new operational or financial catalyst. Is Trending Stock Devon Energy a Buy Now?
Neutral Sentiment: Reports that BP studied Devon’s Eagle Ford assets indicate strategic interest in the portfolio, although no transaction was announced. The stock’s quoted trading level remained near $47, leaving investors focused on valuation and deal prospects. Wells Fargo Remains a Buy on Devon Energy
Negative Sentiment: BP ultimately walked away from its reported review of Devon’s South Texas operations. The abandoned possibility removes a near-term takeover or asset-sale catalyst and may raise questions about the valuation buyers are willing to assign to the Eagle Ford assets. BP vs. Devon: A Shale Deal That Never Happened

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DVN shares. Weiss Ratings raised Devon Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, September 9th. Morgan Stanley reduced their price objective on Devon Energy from $66.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. Citigroup lifted their price target on shares of Devon Energy from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, August 31st. JPMorgan Chase & Co. dropped their price objective on shares of Devon Energy from $62.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company lowered their target price on shares of Devon Energy from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $59.72.

Read Our Latest Stock Report on DVN

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

(Get Free Report)

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.