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

Posted by Kyle Jackson 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 Stock Performance

DVN traded down $0.33 during trading hours on Tuesday, reaching $46.40. The company’s stock had a trading volume of 3,464,999 shares, compared to its average volume of 13,334,595. Devon Energy Corporation has a 52 week low of $31.47 and a 52 week high of $52.71. The company’s 50-day moving average is $46.83 and its 200-day moving average is $46.31. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.67 and a current ratio of 0.72. The firm has a market cap of $51.04 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 1.27 and a beta of 0.37.

Devon Energy (NYSE:DVN – Get Free Report) last released its quarterly earnings data 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 period in the previous year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was up 73.1% compared to the same quarter last year. On average, equities analysts forecast that Devon Energy Corporation will post 5.27 EPS for the current year.

Devon Energy Dividend Announcement

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 issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.8%. Devon Energy’s payout ratio is presently 30.40%.

Hedge Funds Weigh In On Devon Energy

A number of hedge funds have recently added to or reduced their stakes in DVN. BlackRock Inc. increased its position in shares of Devon Energy by 57.6% in the second quarter. BlackRock Inc. now owns 95,378,854 shares of the energy company’s stock worth $3,941,054,000 after purchasing an additional 34,871,366 shares during the period. State Street Corp increased its holdings in Devon Energy by 89.8% in the 2nd quarter. State Street Corp now owns 73,179,266 shares of the energy company’s stock valued at $3,023,767,000 after buying an additional 34,615,088 shares during the period. Wellington Management Group LLP increased its holdings in Devon Energy by 418.3% in the 2nd quarter. Wellington Management Group LLP now owns 51,522,376 shares of the energy company’s stock valued at $2,128,905,000 after buying an additional 41,581,435 shares during the period. Geode Capital Management LLC raised its position in shares of Devon Energy by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 19,177,835 shares of the energy company’s stock valued at $700,238,000 after buying an additional 186,743 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Devon Energy by 17.5% in the 4th quarter. Victory Capital Management Inc. now owns 13,916,979 shares of the energy company’s stock valued at $509,779,000 after buying an additional 2,071,021 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.

Insider Activity at Devon Energy

In other news, CEO Clay Gaspar acquired 3,913 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average cost of $51.08 per share, with a total value 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 $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 link. Also, EVP Robert Ferrall Lowe III sold 6,756 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $50.95, for a total value of $344,218.20. Following the sale, the executive vice president owned 72,720 shares of the company’s stock, valued at $3,705,084. The trade was a 8.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 4.58% of the company’s stock.

Devon Energy News Roundup

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Susquehanna lifted their target price on shares of Devon Energy from $57.00 to $63.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Raymond James Financial increased their price target on shares of Devon Energy from $64.00 to $67.00 and gave the company a “strong-buy” rating in a report on Monday, September 14th. Truist Financial boosted their price objective on Devon Energy from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Capital One Financial lowered their target price on Devon Energy from $63.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 2nd. Finally, Wolfe Research set a $67.00 price target on Devon Energy and gave the stock an “outperform” rating in a report on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $59.72.

View Our Latest Analysis on Devon Energy

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

(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.