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

Posted by Lauren Steadman 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 $15,001 and $50,000 in Devon Energy stock on September 14th. 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

Shares of NYSE:DVN traded down $0.15 during trading on Tuesday, hitting $46.58. The stock had a trading volume of 1,442,999 shares, compared to its average volume of 13,322,547. 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 Corporation has a 12-month low of $31.47 and a 12-month high of $52.71. The stock has a market capitalization of $51.24 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 1.27 and a beta of 0.37. The stock has a 50-day simple moving average of $46.83 and a two-hundred day simple moving average of $46.31.

Devon Energy (NYSE:DVN – Get Free Report) last issued its earnings results on Tuesday, August 4th. The energy company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the company posted $0.84 earnings per share. The firm’s revenue was up 73.1% compared to the same quarter last year. On average, equities research analysts expect that Devon Energy Corporation will post 5.27 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The company 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 $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Devon Energy’s dividend payout ratio is presently 30.40%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DVN. Susquehanna boosted 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. UBS Group upped their price objective on shares of Devon Energy from $55.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. JPMorgan Chase & Co. reduced their target price on Devon Energy from $62.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Citigroup upped their target price on Devon Energy from $65.00 to $67.00 and gave the company a “buy” rating in a report on Monday, August 31st. Finally, The Goldman Sachs Group decreased their price target on Devon Energy from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.72.

Read Our Latest Stock Report on DVN

Trending Headlines about Devon Energy

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

Positive Sentiment: Wells Fargo maintained its “overweight” rating on Devon Energy and continues to view the stock as a buy. The firm’s $64 price target implies substantial upside from shares trading near $46.70. Wells Fargo Remains a Buy on Devon Energy
Positive Sentiment: Reports that BP studied acquiring Devon’s Eagle Ford assets reinforce the potential strategic value of Devon’s South Texas operations, even though BP ultimately walked away. The broader discussion may support takeover speculation and asset-value expectations. BP vs. Devon: A Shale Deal That Never Happened
Positive Sentiment: Devon’s multi-basin footprint, spanning several major U.S. shale regions, provides production diversification and exposure to multiple development opportunities. This supports the investment case if commodity prices and operating performance remain favorable. Devon Energy’s Multi-Basin Footprint
Neutral Sentiment: Devon is among the stocks receiving elevated attention from Zacks users. The coverage reviews valuation and fundamentals but does not itself represent a new earnings, operational, or corporate catalyst. Is Trending Stock Devon Energy a Buy Now?
Negative Sentiment: Wells Fargo trimmed its price target from $65 to $64. Although the firm retained its overweight rating and still projects significant upside, the reduction signals slightly more cautious expectations. Devon Energy Price Target Lowered at Wells Fargo
Negative Sentiment: BP’s decision not to pursue the Eagle Ford assets removes a potential near-term deal catalyst. The reported interest remains supportive of asset valuations, but there is no announced transaction or immediate proceeds for Devon.

Insider Buying and Selling

In other news, CEO Clay M. Gaspar bought 3,913 shares of the stock in a transaction dated Monday, September 14th. The stock was bought at an average cost of $51.08 per share, with a total value of $199,876.04. Following the purchase, the chief executive officer owned 619,152 shares of the company’s stock, valued at approximately $31,626,284.16. This represents a 0.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert Ferrall Lowe III sold 6,756 shares of the firm’s stock in a transaction dated 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 directly owned 72,720 shares in the company, valued at approximately $3,705,084. This represents a 8.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.58% of the company’s stock.

Institutional Trading of Devon Energy

Several hedge funds and other institutional investors have recently made changes to their positions in DVN. Wellington Management Group LLP boosted its holdings in Devon Energy by 418.3% in the second quarter. Wellington Management Group LLP now owns 51,522,376 shares of the energy company’s stock worth $2,128,905,000 after purchasing an additional 41,581,435 shares during the period. BlackRock Inc. increased its stake 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 valued at $3,941,054,000 after purchasing an additional 34,871,366 shares during the period. State Street Corp increased its position 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 acquiring an additional 34,615,088 shares during the period. Bank of America Corp DE bought a new position in Devon Energy during the second quarter valued at approximately $421,226,000. Finally, GQG Partners LLC acquired a new position in Devon Energy during the second quarter worth $402,558,000. Institutional investors and hedge funds own 69.72% 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.