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

Posted by George Bondi 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 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 Price Performance

Shares of Devon Energy stock traded down $0.14 during midday trading on Tuesday, hitting $46.59. 3,464,999 shares of the company were exchanged, compared to its average volume of 13,334,595. The firm has a 50 day simple moving average of $46.83 and a 200-day simple moving average of $46.31. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.72 and a quick ratio of 0.67. The firm has a market cap of $51.25 billion, a P/E ratio of 11.06, a PEG ratio of 1.27 and a beta of 0.37. Devon Energy Corporation has a 52 week low of $31.47 and a 52 week high of $52.71.

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

Devon Energy Dividend Announcement

The business also recently announced 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. This represents a $1.28 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Devon Energy’s dividend payout ratio (DPR) is 30.40%.

Key Devon Energy News

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

Positive Sentiment: Wells Fargo maintained its “overweight” rating on Devon, signaling continued confidence in the company’s valuation and operating outlook. The firm still sees substantial upside, with a $64 target. 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, including the Delaware, Eagle Ford and Anadarko basins. This diversification can support production flexibility and reduce dependence on any single asset area. What Is Behind Devon Energy’s Multi-Basin Footprint?
Neutral Sentiment: Devon remains a heavily watched stock among Zacks users. The company’s relatively low valuation and exposure to U.S. shale support the investment case, although the shares remain sensitive to oil and natural-gas prices. Is Trending Stock Devon Energy a Buy Now?
Neutral Sentiment: Devon is among the energy companies highlighted in an active mergers-and-acquisitions watchlist, reflecting potential strategic interest in its assets, but no transaction has been announced. Stocktwits M&A Watch
Negative Sentiment: Wells Fargo lowered its Devon price target from $65 to $64. Although the bank kept its buy-equivalent rating, the reduction indicates somewhat less near-term upside than previously expected. Devon Energy Stock Price Target Lowered at Wells Fargo
Negative Sentiment: BP reportedly examined acquiring Devon’s Eagle Ford assets but ultimately walked away. The abandoned discussions remove a possible takeover or asset-sale catalyst, despite Devon’s broader shares remaining supported by strong year-to-date performance. BP vs. Devon: A Shale Deal That Never Happened

Institutional Trading of Devon Energy

A number of institutional investors have recently modified their holdings of DVN. Tobam boosted its position in shares of Devon Energy by 16.4% during the fourth 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 last quarter. Sigma Planning Corp lifted its position 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 purchasing an additional 233 shares in the last quarter. Retirement Planning Group LLC boosted its holdings in Devon Energy by 4.5% during the second quarter. Retirement Planning Group LLC now owns 5,647 shares of the energy company’s stock worth $233,000 after purchasing an additional 243 shares during the last quarter. JFS Wealth Advisors LLC grew its position in 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 in the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of 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 worth $54,000 after buying an additional 257 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Devon Energy from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Susquehanna raised their price target on Devon Energy from $57.00 to $63.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. Wall Street Zen downgraded Devon Energy from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Capital One Financial decreased their target price on Devon Energy from $63.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, June 2nd. Finally, Barclays decreased their price target on shares of Devon Energy from $62.00 to $58.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Two equities research 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 company’s stock. Based on data from MarketBeat.com, Devon Energy presently has a consensus rating of “Moderate Buy” and an average target price of $59.72.

Check Out Our Latest Analysis on Devon Energy

Insider Activity at Devon Energy

In related news, EVP Robert Ferrall Lowe III sold 6,756 shares of Devon Energy stock in a transaction on Monday, September 14th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Clay M. Gaspar purchased 3,913 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were acquired at an average cost of $51.08 per share, for a total transaction of $199,876.04. Following the completion of the purchase, the chief executive officer directly owned 619,152 shares of the company’s stock, valued at approximately $31,626,284.16. This represents a 0.64% increase in their position. The disclosure for this purchase is available in the SEC filing. 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.

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.