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 0.2%

Shares of DVN stock traded down $0.12 on Tuesday, hitting $46.62. 1,442,999 shares of the stock traded hands, compared to its average volume of 13,322,547. Devon Energy Corporation has a twelve month low of $31.47 and a twelve month high of $52.71. The stock has a market capitalization of $51.28 billion, a PE ratio of 11.07, a PEG ratio of 1.27 and a beta of 0.37. The firm’s 50-day moving average price is $46.83 and its two-hundred day moving average price is $46.31. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.67 and a current ratio of 0.72.

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

Devon Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.7%. Devon Energy’s dividend payout ratio (DPR) is presently 30.40%.

Key Headlines Impacting Devon Energy

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. The firm’s $64 price target implies substantial upside from shares trading near $46.70. Wells Fargo Remains a Buy on Devon Energy
• Positive Sentiment: Reports that BP studied acquiring Devon’s Eagle Ford assets reinforce the potential strategic value of Devon’s South Texas operations, even though BP ultimately walked away. The broader discussion may support takeover speculation and asset-value expectations. BP vs. Devon: A Shale Deal That Never Happened
• Positive Sentiment: Devon’s multi-basin footprint, spanning several major U.S. shale regions, provides production diversification and exposure to multiple development opportunities. This supports the investment case if commodity prices and operating performance remain favorable. Devon Energy’s Multi-Basin Footprint
• Neutral Sentiment: Devon is among the stocks receiving elevated attention from Zacks users. The coverage reviews valuation and fundamentals but does not itself represent a new earnings, operational, or corporate catalyst. Is Trending Stock Devon Energy a Buy Now?
• Negative Sentiment: Wells Fargo trimmed its price target from $65 to $64. Although the firm retained its overweight rating and still projects significant upside, the reduction signals slightly more cautious expectations. Devon Energy Price Target Lowered at Wells Fargo
• Negative Sentiment: BP’s decision not to pursue the Eagle Ford assets removes a potential near-term deal catalyst. The reported interest remains supportive of asset valuations, but there is no announced transaction or immediate proceeds for Devon.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DVN. QRG Capital Management Inc. grew its holdings in Devon Energy by 44.9% during the 2nd quarter. QRG Capital Management Inc. now owns 301,022 shares of the energy company’s stock valued at $12,438,000 after buying an additional 93,324 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of Devon Energy by 298.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,511 shares of the energy company’s stock valued at $724,000 after acquiring an additional 13,115 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Devon Energy by 305.9% during the second quarter. Envestnet Asset Management Inc. now owns 3,086,541 shares of the energy company’s stock valued at $127,535,000 after acquiring an additional 2,326,146 shares during the last quarter. State Street Corp increased its position in Devon Energy by 89.8% during the 2nd 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 in the last quarter. Finally, Premier Financial Group purchased a new stake in Devon Energy during the 2nd quarter worth about $25,000. 69.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Robert Ferrall Lowe III sold 6,756 shares of Devon Energy stock in a transaction dated 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 directly owned 72,720 shares in the company, valued at $3,705,084. The trade was a 8.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Clay Gaspar acquired 3,913 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was purchased at an average cost of $51.08 per share, with a total value of $199,876.04. Following the transaction, the chief executive officer owned 619,152 shares of the company’s stock, valued at approximately $31,626,284.16. The trade was a 0.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 4.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DVN. BMO Capital Markets restated an “outperform” rating on shares of Devon Energy in a research report on Wednesday, June 10th. 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 report on Wednesday, June 10th. Weiss Ratings upgraded shares of Devon Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, September 9th. Truist Financial boosted their price target on Devon Energy from $61.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, UBS Group increased their price objective on Devon Energy from $55.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Devon Energy presently has a consensus rating of “Moderate Buy” and an average price target of $59.72.

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.

Devon Energy Company Profile

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.