Rep. Kevin Hern (R-OK) Sells Devon Energy (DVN) Stock
Congressman Kevin Hern, a Republican from Oklahoma, sold shares of Devon Energy valued between $100,001 and $250,000.
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Rep. Kevin Hern (R-OK) sold between $100,001 and $250,000 of Devon Energy Corporation ($DVN) stock on September 4, 2026. The trade was disclosed in a STOCK Act periodic transaction report filed September 25, 2026.
Since the trade, $DVN is up 4.5% after 1 week, up 0.5% after 1 month and up 6.2% to date (from the $47.75 close on Sep 4, 2026).
Financial Disclosure Report
Clerk of the House of Representatives • Legislative Resource Center • B81 Cannon Building • Washington, DC 20515
Filer Information
- Name:
- Rep. Kevin Hern (R-OK)
- Status:
- Member — House
- State/District:
- OK-1
- Party:
- Republican
Filing Information
- Filing Type:
- Periodic Transaction Report
- Filing Year:
- 2026
- Filing Date:
- Sep 25, 2026
Schedule B: Transactions
| Asset | Transaction | Date | Amount |
|---|---|---|---|
| Devon Energy Corporation ($DVN) | Sell | Sep 4, 2026 | $100,001 - $250,000 |
Summary of the filed report, not the original document. Find the original: House financial disclosure search
DVN
Devon Energy Corporation
Key Points
- On September 4, 2026, Congressman Kevin Hern sold shares of Devon Energy Corporation (NYSE: DVN) valued between $100,001 and $250,000.
- The stock was trading around $49.66 at publication, showing a modest increase from the previous close of $48.61.
- Devon Energy Corporation has been actively engaged in insider trading, with multiple sales reported recently by other executives as well.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Devon Energy Corporation alert may contain errors. Disclosures
Congressman Kevin Hern, a Republican representing Oklahoma's 1st Congressional District, sold shares of Devon Energy Corporation (NYSE: DVN) on September 4, 2026. The sale was valued between $100,001 and $250,000 and reported on September 25, 2026. At the time of publication, the stock was trading at $49.66, which is slightly above its previous close of $48.61.
Kevin Hern vs. the S&P 500
Hypothetical returns from Kevin Hern's disclosed trades, not real profit or advice. How we model this.
Inside Kevin Hern's Trade
Hern's recent transaction fits a pattern of selling shares in various companies. This is his fourth reported sale since September 14, where he also sold shares in different firms including AIO and Rockwell Automation, valued between $15,001 and $50,000 each.
Other Institutional Activity in Devon Energy Corporation
Several major funds have made noticeable movements in Devon Energy. BlackRock Inc. increased its holdings by 34,870,795 shares, now owning about 95.4 million shares worth approximately $4.83 billion. Vanguard Capital Management LLC also raised its stake by 35,020,466 shares, bringing their total to around 75.3 million shares valued at about $3.81 billion. State Street Corporation grew its position by 34,615,150 shares, holding roughly 73.2 million shares worth about $3.70 billion. These moves suggest strong institutional interest in Devon Energy.
Devon Energy Corporation Stock Up 0.9%
Devon Energy shares are currently trading near their 52-week high of $52.71, which reflects a strong performance over the past year. The stock has gained traction, recently closing above its 50-day moving average of $46.32. This increase highlights investor confidence in the company as it continues to perform well in the energy sector.
Recent Earnings
In its last earnings report, Devon Energy posted a revenue of approximately $18.78 billion, showing a growth of 64.2%. The earnings per share (EPS) stood at $4.60, and the company's net margin was around 17.5%. The next earnings report is scheduled for November 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
6 analysts raised price targets.
-
EPS & revenue
EPS missed estimates by 2.9%. Revenue missed estimates by 4.3%.
-
Profit surprise
EBITDA missed by 38 percent. Operating income missed by 70 percent.
-
Pre-earnings setup
Bar was high, analysts already very bullish.
-
Analyst signal
6 target raises.
-
Earnings quality
Gross margin down 14.6 points. Operating margin down 15.4 points. Positive free cash flow.
Earnings Call Summary
Devon beat on oil production at 387 thousand barrels per day and generated 816 million dollars in free cash flow despite spending 6 percent less than planned. The company achieved its 1 billion dollar business optimization target ahead of schedule through drilling efficiencies and AI tools like autonomous artificial lift optimization on 850 wells. The Cotera merger closes tomorrow, and management identified 156 distinct value capture opportunities with synergies considered a floor, not a ceiling.
Guidance No specific forward guidance given. Management stated they will provide combined full-year guidance in mid-June once the Cotera merger closes tomorrow and the board aligns on the plan. They expect second quarter production to step up and noted the commodity backdrop is stronger than expected.
Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.
Dividend
Devon Energy has an annual dividend rate of $1.28, resulting in a yield of 2.63%. This reflects a stable return for shareholders, with a payout ratio of 22.6%.
Insider Buying and Selling at Devon Energy Corporation
In recent insider trading activity, Officer Robert Ferrall sold 6,756 shares at an average price of $50.95, totaling approximately $344,218 on September 14, 2026. CEO Clay Gaspar also bought 3,913 shares at an average price of $51.08 for about $199,876 on the same day. Noteworthy is the sale by Officer Alexander Andrea of 18,000 shares at $46.74, valued at around $841,320 on June 10, 2026.
Analysts Set New Price Targets
Analysts have generally been optimistic about Devon Energy. On October 16, 2026, Mizuho maintained its Outperform rating with a target price of $65.00, slightly down from a previous target of $68.00. Scotiabank initiated coverage with a Sector Outperform rating and a target of $61.00 on October 15, 2026. The current consensus from analysts is a strong buy, with a mean price target of approximately $60.43 based on 28 opinions.
About Devon Energy Corporation
Devon Energy Corporation is an independent energy company based in Houston, Texas. It explores, develops, and produces oil, natural gas, and natural gas liquids across several key regions in the United States, including the Delaware Basin and Eagle Ford. This recent insider trading reflects ongoing engagement in the company's operations by its executives.
Bottom Line
Investors should keep an eye on Devon Energy's upcoming earnings report on November 4, 2026, as well as any additional insider trading activities. The recent trades by Congressman Hern and other insiders suggest ongoing interest in the stock. Note that Hern's trade reflects past activity, as these disclosures come after the transactions occur.
Related Filing Alerts
Source: Kevin Hern's STOCK Act disclosure on $DVN (Sep 4, 2026). Find the original filing: House financial disclosure search. Written by software, not financial advice. How we make alerts