Rep. Marjorie Taylor Greene Purchases Shares of Devon Energy Co. (NYSE:DVN)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Devon Energy Co. NYSE: DVN. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Devon Energy stock on April 9th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Cummins NYSE: CMI on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Palantir Technologies NASDAQ: PLTR on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/8/2025.

Devon Energy Stock Performance

NYSE DVN traded down $0.23 on Tuesday, hitting $28.51. 12,106,461 shares of the stock were exchanged, compared to its average volume of 8,412,600. The business's fifty day moving average is $34.17 and its 200 day moving average is $36.00. Devon Energy Co. has a 52 week low of $25.89 and a 52 week high of $53.20. The company has a market capitalization of $18.50 billion, a PE ratio of 6.25, a P/E/G ratio of 1.20 and a beta of 1.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.01.

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Devon Energy (NYSE:DVN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.16. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.25 billion. Research analysts anticipate that Devon Energy Co. will post 4.85 EPS for the current fiscal year.

Devon Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.37%. This is an increase from Devon Energy's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 14th. Devon Energy's dividend payout ratio (DPR) is currently 21.05%.

Institutional Investors Weigh In On Devon Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hurley Capital LLC acquired a new stake in Devon Energy in the fourth quarter valued at approximately $26,000. Accredited Wealth Management LLC acquired a new stake in shares of Devon Energy in the 4th quarter worth about $28,000. Cromwell Holdings LLC lifted its position in Devon Energy by 98.0% in the 4th quarter. Cromwell Holdings LLC now owns 1,208 shares of the energy company's stock valued at $40,000 after acquiring an additional 598 shares in the last quarter. Sierra Ocean LLC acquired a new position in Devon Energy during the 4th quarter valued at about $43,000. Finally, Endeavor Private Wealth Inc. purchased a new position in Devon Energy during the 4th quarter worth $52,000. 69.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DVN has been the topic of a number of research reports. Piper Sandler upped their price target on shares of Devon Energy from $54.00 to $55.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Susquehanna lifted their price objective on shares of Devon Energy from $50.00 to $52.00 and gave the stock a "positive" rating in a research note on Thursday, February 20th. Citigroup decreased their target price on shares of Devon Energy from $46.00 to $43.00 and set a "buy" rating on the stock in a research report on Friday, April 4th. Raymond James cut their price target on Devon Energy from $54.00 to $46.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Finally, Royal Bank of Canada cut their target price on Devon Energy from $49.00 to $40.00 and set a "sector perform" rating for the company in a research report on Monday. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $46.71.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2026 election.

Devon Energy Company Profile

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.