Rep. Kevin Hern (R-OK) Sells Devon Energy (DVN) Stock

Congressman Kevin Hern, a Republican representing Oklahoma's 1st district, sold shares of Devon Energy Corporation (NYSE: DVN) on September 14, 2026, for an amount between $15,001 and $50,000. The transaction was reported on September 25, 2026, with the stock trading around $49.66 at that time.

Inside Kevin Hern's Trade

Hern's recent sale of Devon Energy shares adds to a pattern of similar trades. He also sold shares of other companies, including AIO, Rockwell Automation, and NextEra Energy, all valued within the same range on the same day. These trades reflect ongoing adjustments in his stock portfolio.

Other Institutional Activity in Devon Energy

Several large institutional investors have made significant moves with Devon Energy recently. Blackrock Inc. grew its holdings by 34,870,795 shares, bringing its total to about 95.4 million shares valued at approximately $4.83 billion. Vanguard Capital Management LLC added 35,020,466 shares, ending with 75.3 million shares worth around $3.81 billion. State Street Corporation also increased its stake by 34,615,150 shares, totaling about 73.2 million shares valued at roughly $3.70 billion.

Devon Energy Corporation Stock Up 0.9%

As of the publication date, Devon Energy shares are priced at $49.66, showing a modest increase from the previous close of $48.61. The stock has been trading near its 52-week high of $52.71, suggesting strong investor interest and potential volatility. The company has a P/E ratio of 10.3, showing it is relatively undervalued compared to its earnings.

Recent Earnings

In its latest earnings report, Devon Energy posted a revenue of approximately $18.78 billion, a significant growth of 64.2% compared to the previous year. The company recorded an earnings per share (EPS) of $4.60 and a net margin of about 17.5%. The next earnings report is scheduled for November 4, 2026.

Dividend

Devon Energy pays an annual dividend of $1.28, which translates to a yield of 2.63%. This steady dividend payment highlights the company's commitment to returning value to its shareholders.

Insider Buying and Selling at Devon Energy Corporation

On the same day as Hern's sale, several insiders made transactions. Robert Ferrall III, an officer, sold 6,756 shares at an average price of $50.95, totaling $344,218. CEO Clay Gaspar bought 3,913 shares at $51.08, worth $199,876. Additionally, officer Alexander Andrea sold 18,000 shares for $841,320 and general counsel Adam M. Vela sold 24,342 shares valued at approximately $1.15 million.

Analysts Set New Price Targets

On October 15, 2026, Scotiabank initiated coverage of Devon Energy with a 'Sector Outperform' rating and a target of $61.00. Mizuho maintained an 'Outperform' rating with a target of $65.00, while Morgan Stanley also held its 'Overweight' rating, raising its target to $65.00 from $63.00. Devon Energy currently has a consensus recommendation of 'strong buy' from 28 analysts, with an average target price of $60.43.

About Devon Energy

Devon Energy Corporation, based in Houston, TX, is an independent energy company focused on exploring and producing oil and natural gas across several major U.S. regions. Its operations span key areas like the Delaware Basin and Anadarko Basin, which have shown strong production growth. The recent insider trading activity, coupled with robust earnings and an attractive market position, underscores investor interest in the company.

Bottom Line

Looking ahead, investors should pay attention to the upcoming earnings report on November 4, 2026, and any future transactions by Congressman Hern. This 13F filing reflects Hern's previous position and may not represent his current holdings.