Rep. Kevin Hern (R-OK) Sells Devon Energy (DVN) Stock
Oklahoma Congressman Kevin Hern sold shares of 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 23, 2026. The trade was disclosed in a STOCK Act periodic transaction report filed October 13, 2026.
Since the trade, $DVN is down 4.2% after 1 week and up 5.6% to date (from the $48.04 close on Sep 23, 2026).
Financial Disclosure Report
Clerk of the House of Representatives • Legislative Resource Center • B81 Cannon Building • Washington, DC 20515
Filer Information
- Name:
- Rep. Kevin Hern (R-OK)
- Status:
- Member — House
- State/District:
- OK-1
- Party:
- Republican
Filing Information
- Filing Type:
- Periodic Transaction Report
- Filing Year:
- 2026
- Filing Date:
- Oct 13, 2026
Schedule B: Transactions
| Asset | Transaction | Date | Amount |
|---|---|---|---|
| Devon Energy Corporation ($DVN) | Sell | Sep 23, 2026 | $15,001 - $50,000 |
Summary of the filed report, not the original document. View the original: STOCK Act disclosure (House Clerk)
DVN
Devon Energy Corporation
Key Points
- Kevin Hern, a Republican Congressman from Oklahoma, sold shares of Devon Energy valued between $15,001 and $50,000 on September 23, 2026.
- Devon Energy has a recent share price of $49.66, which is about 3.9% above its 50-day moving average and 9.9% above its 200-day moving average.
- Analysts maintain a strong buy consensus for Devon Energy, with a mean price target of $60.93, indicating potential upside from the recent trading levels.
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Oklahoma Congressman Kevin Hern sold shares of Devon Energy Corporation (DVN) on September 23, 2026. The transaction was valued between $15,001 and $50,000, as reported on October 13, 2026, under the STOCK Act.
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 his history of adjusting his investment portfolio, having previously sold shares of companies like TJX and Starbucks earlier in September. His involvement in the House may draw attention to the energy sector, especially given Devon's significant operations in oil and gas.
Other Institutional Activity in Devon Energy
Several major institutional investors have recently increased their stakes in Devon Energy. Blackrock Inc. grew its holdings by 34,870,795 shares, bringing its total to 95,378,854 shares worth about $4.84 billion. Vanguard Capital Management LLC added 35,020,466 shares, totaling 75,348,040 shares valued at approximately $3.82 billion. State Street Corporation also increased its position by 34,615,150 shares, holding 73,179,266 shares worth about $3.71 billion. These moves reflect a strong institutional interest in Devon Energy.
Devon Energy Corporation Stock Up 0.9%
Devon Energy shares recently traded around $49.66. This price is about 3.9% above its 50-day moving average of $47.81 and 9.9% above its 200-day average of $45.17. However, the stock is about 5.8% below its 52-week high of $52.71, suggesting it may have room to grow based on analyst targets.
Recent Earnings
Devon Energy reported a trailing twelve-month revenue of $18.78 billion, with an impressive year-over-year revenue growth of 64.2%. The company's net margin stands at 17.5%, and its return on equity is 11.5%. The next earnings report is scheduled for November 5, 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.
Insider Buying and Selling at Devon Energy Corporation
In recent insider transactions, General Counsel Adam M Vela sold 24,342 shares at an average price of $47.21 on May 14, 2026, totaling approximately $1.15 million. Officer Andrea Alexander sold 18,000 shares at $46.74 on June 10, 2026, valued at about $841,320. Additionally, on September 14, 2026, Officer Robert Ferrall Lowe III sold 6,756 shares at $50.95, totaling around $344,218. CEO Clay M. Gaspar also bought 3,913 shares at $51.08 on the same day, valued at about $199,876.
Analysts Set New Price Targets
Analysts have been maintaining their ratings on Devon Energy. On September 28, 2026, Wells Fargo maintained an Overweight rating with a target of $64.00. JP Morgan followed suit on October 2, 2026, also maintaining an Overweight rating, but raised its target to $65.00. UBS and Truist Securities maintained Buy ratings with targets of $65.00 and $61.00, respectively, while Barclays set its target at $60.00 on October 9, 2026. The consensus rating remains strong buy with a mean price target of $60.93 based on 28 analyst opinions.
About Devon Energy
Devon Energy Corporation is an independent energy company based in Houston, Texas. It focuses on exploring, developing, and producing oil, natural gas, and natural gas liquids primarily in the United States. The company's operations span several key regions, including the Delaware Basin, Eagle Ford, and Williston Basin, making it a significant player in the energy sector.
Bottom Line
Investors will be watching for Devon Energy's upcoming earnings report on November 5, 2026, as well as any further trades by Congressman Hern. This recent sale adds to his portfolio adjustments, which may signal a continued strategy of rebalancing his investments.
Related Filing Alerts
Source: Kevin Hern's STOCK Act disclosure on $DVN (Sep 23, 2026). Read the original filing: STOCK Act disclosure (House Clerk). Written by software, not financial advice. How we make alerts