Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Devon Energy Corporation (NYSE:DVN). In a filing disclosed on October 13th, the Representative disclosed that they had sold between $50,001 and $100,000 in Devon Energy stock on September 23rd. 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 NextEra Energy (NYSE:NEE) on 10/2/2026.
- Sold $15,001 – $50,000 in shares of Lockheed Martin (NYSE:LMT) on 9/23/2026.
- Sold $15,001 – $50,000 in shares of Devon Energy (NYSE:DVN) on 9/23/2026.
- Sold $15,001 – $50,000 in shares of Starbucks (NASDAQ:SBUX) on 9/23/2026.
- Sold $50,001 – $100,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/23/2026.
- Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/23/2026.
- Sold $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 9/23/2026.
- Sold $15,001 – $50,000 in shares of Chevron (NYSE:CVX) on 9/23/2026.
- Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 9/23/2026.
- Sold $15,001 – $50,000 in shares of Lockheed Martin (NYSE:LMT) on 9/17/2026.
Devon Energy Price Performance
NYSE DVN opened at $49.97 on Thursday. The company has a 50 day moving average price of $47.78 and a two-hundred day moving average price of $46.31. Devon Energy Corporation has a 12-month low of $31.47 and a 12-month high of $52.71. The stock has a market capitalization of $54.97 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.34 and a beta of 0.49. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.24.
Devon Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.32 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.6%. Devon Energy’s dividend payout ratio is currently 30.40%.
Insiders Place Their Bets
In related news, EVP Robert Ferrall Lowe III sold 6,756 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $50.95, for a total value of $344,218.20. Following the completion of the sale, the executive vice president directly owned 72,720 shares in the company, valued at approximately $3,705,084. This trade represents a 8.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Clay M. Gaspar purchased 3,913 shares of the 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 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. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 4.58% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Devon Energy by 57.6% during the 2nd 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 boosted its holdings in Devon Energy by 89.8% during the second 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 during the last quarter. Wellington Management Group LLP boosted its stake in shares of 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 buying an additional 41,581,435 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Devon Energy by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 9,606,131 shares of the energy company’s stock valued at $483,475,000 after purchasing an additional 235,561 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Devon Energy in the 2nd quarter valued at approximately $421,226,000. Institutional investors own 69.72% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on DVN shares. Susquehanna upped their price target on Devon Energy from $57.00 to $63.00 and gave the stock a “positive” rating in a research note on Tuesday, July 21st. Barclays boosted their price objective on Devon Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. The Goldman Sachs Group lowered their target price on Devon Energy from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Wall Street Zen raised Devon Energy from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $67.00 price objective on shares of Devon Energy in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Devon Energy currently has a consensus rating of “Moderate Buy” and an average price target of $60.76.
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.
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