Representative Jefferson Shreve (R-Indiana) recently bought shares of Devon Energy Co. NYSE: DVN. In a filing disclosed on March 09th, the Representative disclosed that they had bought between $15,001 and $50,000 in Devon Energy stock on February 24th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Purchased $15,001 - $50,000 in shares of RTX NYSE: RTX on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Royal Gold NASDAQ: RGLD on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of QUALCOMM NASDAQ: QCOM on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 2/24/2025.
- Sold $15,001 - $50,000 in shares of Norfolk Southern NYSE: NSC on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 2/24/2025.
- Purchased $50,001 - $100,000 in shares of AbbVie NYSE: ABBV on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of The Cigna Group NYSE: CI on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 2/24/2025.
Devon Energy Trading Up 0.5 %
DVN traded up $0.19 during midday trading on Tuesday, reaching $34.40. 8,721,211 shares of the company's stock traded hands, compared to its average volume of 7,856,051. The firm has a fifty day moving average of $35.32 and a two-hundred day moving average of $37.49. The stock has a market capitalization of $22.32 billion, a price-to-earnings ratio of 7.54, a P/E/G ratio of 1.20 and a beta of 1.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.01. Devon Energy Co. has a 52 week low of $30.39 and a 52 week high of $55.09.
Devon Energy (NYSE:DVN - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.16. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.25 billion. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. On average, equities analysts anticipate that Devon Energy Co. will post 4.85 earnings per share for the current fiscal year.
Devon Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This is a positive change from Devon Energy's previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 2.79%. Devon Energy's dividend payout ratio is presently 21.05%.
Wall Street Analysts Forecast Growth
DVN has been the subject of a number of recent analyst reports. Susquehanna upped their price target on Devon Energy from $50.00 to $52.00 and gave the company a "positive" rating in a research report on Thursday, February 20th. Sanford C. Bernstein upgraded Devon Energy from a "market perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a report on Wednesday, January 15th. Piper Sandler upped their target price on Devon Energy from $54.00 to $55.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. JPMorgan Chase & Co. downgraded Devon Energy from an "overweight" rating to a "neutral" rating and set a $43.00 target price on the stock. in a report on Thursday, December 5th. Finally, Wolfe Research upgraded Devon Energy from a "peer perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $48.58.
Read Our Latest Stock Report on Devon Energy
Institutional Trading of Devon Energy
Institutional investors have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new stake in Devon Energy during the 3rd quarter valued at $8,002,000. Bridgewater Associates LP bought a new position in shares of Devon Energy during the 3rd quarter valued at $9,426,000. Petrus Trust Company LTA lifted its holdings in shares of Devon Energy by 394.7% during the 3rd quarter. Petrus Trust Company LTA now owns 21,827 shares of the energy company's stock valued at $854,000 after buying an additional 17,415 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Devon Energy by 6.3% during the 3rd quarter. CIBC Asset Management Inc now owns 107,182 shares of the energy company's stock valued at $4,193,000 after buying an additional 6,358 shares during the period. Finally, Smead Capital Management Inc. lifted its holdings in shares of Devon Energy by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 5,879,516 shares of the energy company's stock valued at $230,007,000 after buying an additional 198,193 shares during the period. 69.72% of the stock is currently owned by hedge funds and other institutional investors.
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
About Devon Energy
(
Get Free Report)
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
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