Devon Energy (NYSE:DVN) Stock Sale Reported by Rep. Kevin Hern

Posted by Andrew Walz 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 $100,001 and $250,000 in Devon Energy stock on August 31st. The trade occurred in the Representative’s “HERN FAMILY FOUNDATION” 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

NYSE DVN traded down $0.18 on Tuesday, reaching $46.55. The company’s stock had a trading volume of 7,175,550 shares, compared to its average volume of 13,355,431. Devon Energy Corporation has a 52 week low of $31.47 and a 52 week high of $52.71. 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 firm has a market cap of $51.21 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 1.27 and a beta of 0.37. The business has a 50-day moving average price of $46.83 and a 200 day moving average price of $46.31.

Devon Energy (NYSE:DVN – Get Free Report) last announced its quarterly earnings results 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 net margin of 16.67% and a return on equity of 14.93%. The firm had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $6.01 billion. During the same quarter last year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was up 73.1% compared to the same quarter last year. Sell-side analysts expect that Devon Energy Corporation will post 5.27 EPS for the current year.

Devon Energy Announces Dividend

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

Hedge Funds Weigh In On Devon Energy

Large investors have recently bought and sold shares of the business. Tobam increased its holdings in Devon Energy by 16.4% in the 4th quarter. Tobam now owns 1,633 shares of the energy company’s stock valued at $60,000 after buying an additional 230 shares during the period. Sigma Planning Corp lifted its holdings in shares of Devon Energy by 3.5% during the second quarter. Sigma Planning Corp now owns 6,902 shares of the energy company’s stock valued at $285,000 after acquiring an additional 233 shares during the period. Retirement Planning Group LLC boosted its stake in shares of Devon Energy by 4.5% in the 2nd quarter. Retirement Planning Group LLC now owns 5,647 shares of the energy company’s stock valued at $233,000 after purchasing an additional 243 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of Devon Energy by 56.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company’s stock worth $28,000 after purchasing an additional 245 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in Devon Energy by 21.0% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 1,480 shares of the energy company’s stock valued at $54,000 after purchasing an additional 257 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Clay Gaspar bought 3,913 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was bought at an average price of $51.08 per share, for a total transaction of $199,876.04. Following the completion of the purchase, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Ferrall Lowe III sold 6,756 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 72,720 shares of the company’s stock, valued at $3,705,084. This represents a 8.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on DVN. Argus reiterated a “buy” rating and set a $45.85 price objective on shares of Devon Energy in a research note on Monday, August 17th. The Goldman Sachs Group lowered their target price 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. UBS Group lifted their price target on shares of Devon Energy from $55.00 to $63.00 and gave the company a “buy” rating in a report on Monday, September 14th. Weiss Ratings raised shares of Devon Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, September 9th. Finally, Morgan Stanley cut their target price on shares of Devon Energy from $66.00 to $63.00 and set an “overweight” rating for the company in a research note on Friday, June 26th. Two equities 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.72.

Read Our Latest Report on Devon Energy

Devon Energy News Roundup

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

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

(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.