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

Representative Jefferson Shreve (R-Indiana) recently sold shares of Devon Energy Corporation (NYSE:DVN). In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Devon Energy stock on May 12th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Hubbell (NYSE:HUBB) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Trane Technologies (NYSE:TT) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of NiSource (NYSE:NI) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Johnson & Johnson (NYSE:JNJ) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of AppLovin (NASDAQ:APP) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Fiserv (NYSE:FI) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of CNO Financial Group (NYSE:CNO) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Cboe Global Markets (NASDAQ:CBOE) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Lam Research (NASDAQ:LRCX) on 5/12/2025.

Devon Energy Stock Performance

Shares of Devon Energy stock opened at $32.12 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.99. The firm has a market cap of $20.62 billion, a P/E ratio of 7.32, a P/E/G ratio of 1.88 and a beta of 1.07. The firm has a 50 day simple moving average of $32.92 and a 200 day simple moving average of $33.43. Devon Energy Corporation has a fifty-two week low of $25.89 and a fifty-two week high of $46.04.

Devon Energy (NYSE:DVN) last issued its quarterly earnings results on Tuesday, May 6th. The energy company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. Devon Energy had a net margin of 16.60% and a return on equity of 21.90%. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.16 EPS. Sell-side analysts predict that Devon Energy Corporation 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 was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.0%. Devon Energy’s dividend payout ratio (DPR) is currently 21.87%.

Institutional Investors Weigh In On Devon Energy

Institutional investors have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC bought a new stake in Devon Energy in the 2nd quarter valued at $25,000. Hurley Capital LLC bought a new stake in Devon Energy in the 4th quarter valued at $26,000. Financial Gravity Asset Management Inc. bought a new stake in Devon Energy in the 1st quarter valued at $26,000. Banque Cantonale Vaudoise bought a new stake in Devon Energy in the 1st quarter valued at $26,000. Finally, Accredited Wealth Management LLC acquired a new stake in Devon Energy in the 4th quarter valued at $28,000. 69.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James Financial reissued an “outperform” rating and issued a $45.00 price target (up previously from $40.00) on shares of Devon Energy in a report on Tuesday, July 22nd. Jefferies Financial Group raised their price objective on shares of Devon Energy from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Monday, July 14th. Wall Street Zen raised shares of Devon Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 15th. Susquehanna reduced their price objective on shares of Devon Energy from $52.00 to $41.00 and set a “positive” rating on the stock in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets raised their price objective on shares of Devon Energy from $48.00 to $51.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.85.

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 [email protected] 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.

Devon Energy Company Profile

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.