Devon Energy (NYSE:DVN) Shares Rep. Kevin Hern

Representative Kevin Hern (Republican-Oklahoma) recently bought shares of Devon Energy Corporation (NYSE:DVN). In a filing disclosed on June 02nd, the Representative disclosed that they had bought between $15,001 and $50,000 in Devon Energy stock on May 8th. The trade occurred in the Representative’s “KEVIN HERN TRADITIONAL IRA” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Exact Sciences (NASDAQ:EXAS) on 3/24/2026.
• Sold $50,001 – $100,000 in shares of Prologis (NYSE:PLD) on 3/20/2026.
• Sold $15,001 – $50,000 in shares of T. Rowe Price Group (NASDAQ:TROW) on 3/20/2026.
• Sold $15,001 – $50,000 in shares of Medtronic (NYSE:MDT) on 3/20/2026.
• Sold $500,001 – $1,000,000 in shares of Smartstop Self Storage REIT (NYSE:SMA) on 3/18/2026.
• Sold $500,001 – $1,000,000 in shares of Texas Instruments (NASDAQ:TXN) on 3/18/2026.
• Sold $50,001 – $100,000 in shares of BlackRock MuniAssets Fund (NYSE:MUA) on 3/17/2026.
• Sold $15,001 – $50,000 in shares of Cognizant Technology Solutions (NASDAQ:CTSH) on 3/17/2026.
• Sold $15,001 – $50,000 in shares of Invesco (NYSE:IVZ) on 3/17/2026.
• Sold $15,001 – $50,000 in shares of Becton, Dickinson and Company (NYSE:BDX) on 3/17/2026.

Devon Energy Stock Up 0.2%

Shares of DVN opened at $46.31 on Thursday. The stock has a 50 day moving average price of $47.81 and a 200 day moving average price of $42.67. Devon Energy Corporation has a one year low of $31.32 and a one year high of $52.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 1.01. The stock has a market capitalization of $28.78 billion, a price-to-earnings ratio of 12.90 and a beta of 0.37.

Devon Energy (NYSE:DVN) last released its earnings results on Tuesday, May 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). The business had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Devon Energy had a return on equity of 15.22% and a net margin of 13.71%.Devon Energy’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 EPS. Equities research analysts forecast that Devon Energy Corporation will post 4.43 earnings per share for the current fiscal year.

Devon Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.8%. This is a boost from Devon Energy’s previous quarterly dividend of $0.24. The ex-dividend date is Monday, June 15th. Devon Energy’s dividend payout ratio (DPR) is 26.74%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Devon Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Roth Mkm reiterated a “buy” rating and issued a $57.00 target price on shares of Devon Energy in a report on Tuesday, April 28th. BMO Capital Markets upped their price objective on Devon Energy from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Susquehanna lifted their target price on Devon Energy from $52.00 to $57.00 and gave the company a “positive” rating in a research report on Tuesday, April 21st. Finally, Sanford C. Bernstein boosted their price objective on shares of Devon Energy from $42.00 to $59.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.89.

Institutional Trading of Devon Energy

A number of institutional investors and hedge funds have recently bought and sold shares of DVN. Parallel Advisors LLC boosted its stake in shares of Devon Energy by 21.3% in the first quarter. Parallel Advisors LLC now owns 19,754 shares of the energy company’s stock valued at $994,000 after purchasing an additional 3,469 shares during the period. NewEdge Advisors LLC increased its stake in Devon Energy by 13.6% during the 1st quarter. NewEdge Advisors LLC now owns 130,940 shares of the energy company’s stock worth $6,589,000 after buying an additional 15,705 shares during the period. Financial Solutions Advisory Group Inc. purchased a new stake in Devon Energy during the 1st quarter worth approximately $230,000. Cozad Asset Management Inc. lifted its holdings in Devon Energy by 11.3% during the 1st quarter. Cozad Asset Management Inc. now owns 68,945 shares of the energy company’s stock worth $3,469,000 after buying an additional 7,000 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in Devon Energy by 75.7% in the 1st quarter. Glenmede Trust Co. NA now owns 140,155 shares of the energy company’s stock valued at $7,053,000 after buying an additional 60,390 shares during the period. 69.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Devon Energy news, EVP Jeffrey L. Ritenour sold 70,029 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $46.66, for a total transaction of $3,267,553.14. Following the sale, the executive vice president owned 428,452 shares in the company, valued at $19,991,570.32. This represents a 14.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Adam M. Vela sold 24,342 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.21, for a total value of $1,149,185.82. Following the sale, the senior vice president owned 130,540 shares in the company, valued at approximately $6,162,793.40. This trade represents a 15.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.58% of the stock is currently owned by corporate insiders.

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.

About Devon Energy

Devon Energy Corporation (NYSE: DVN) is an independent oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company focuses on the exploration, development, production and marketing of hydrocarbons, including crude oil, natural gas liquids (NGLs) and natural gas. Devon operates as an upstream energy company that acquires, evaluates and develops onshore resource plays using a combination of drilling, completion and production optimization techniques.

Core business activities include identifying and developing energy reserves, operating well programs and managing reservoir performance to generate production and cash flow.