Rep. Kevin Hern (R-OK) Sells Devon Energy (DVN) Stock
Oklahoma Congressman Kevin Hern sold a stake in Devon Energy valued between $15,001 and $50,000.
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Rep. Kevin Hern (R-OK) sold between $15,001 and $50,000 of Devon Energy Corporation ($DVN) stock on September 14, 2026. The trade was disclosed in a STOCK Act periodic transaction report filed September 25, 2026.
Since the trade, $DVN is down 3.7% after 1 week, up 1.0% after 1 month and up 2.7% to date (from the $49.41 close on Sep 14, 2026).
Financial Disclosure Report
Clerk of the House of Representatives • Legislative Resource Center • B81 Cannon Building • Washington, DC 20515
Filer Information
- Name:
- Rep. Kevin Hern (R-OK)
- Status:
- Member — House
- State/District:
- OK-1
- Party:
- Republican
Filing Information
- Filing Type:
- Periodic Transaction Report
- Filing Year:
- 2026
- Filing Date:
- Sep 25, 2026
Schedule B: Transactions
| Asset | Transaction | Date | Amount |
|---|---|---|---|
| Devon Energy Corporation ($DVN) | Sell | Sep 14, 2026 | $15,001 - $50,000 |
Summary of the filed report, not the original document. Find the original: House financial disclosure search
DVN
Devon Energy Corporation
Key Points
- On September 14, 2026, Congressman Kevin Hern sold shares of Devon Energy for an amount between $15,001 and $50,000.
- The stock was priced at $49.66 on the day of the sale, reflecting a slight increase from the previous close of $48.61.
- Devon Energy has a market capitalization of about $52.3 billion and is currently rated a strong buy by analysts, with a mean price target of $60.43.
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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.
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 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.
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 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.
Related Filing Alerts
Source: Kevin Hern's STOCK Act disclosure on $DVN (Sep 14, 2026). Find the original filing: House financial disclosure search. Written by software, not financial advice. How we make alerts