Rep. Robert Bresnahan, Jr. Buys Devon Energy Co. (NYSE:DVN) Stock

Posted by Defense World Staff on May 12th, 2025

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Devon Energy Co. (NYSE:DVN). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Devon Energy stock on April 8th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/17/2025.
Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/16/2025.
Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/11/2025.
Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/10/2025.
Sold $1,001 – $15,000 in shares of DexCom (NASDAQ:DXCM) on 4/8/2025.
Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 4/8/2025.
Sold $1,001 – $15,000 in shares of Generac (NYSE:GNRC) on 4/8/2025.
Sold $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 4/8/2025.
Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 4/8/2025.
Sold $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/8/2025.

Devon Energy Price Performance

Shares of NYSE:DVN opened at $32.60 on Monday. The firm has a market capitalization of $20.97 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 1.20 and a beta of 1.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.01. The business’s 50 day simple moving average is $32.55 and its 200-day simple moving average is $34.69. Devon Energy Co. has a 12 month low of $25.89 and a 12 month high of $50.44.

Devon Energy (NYSE:DVN – Get Free Report) last posted its earnings results on Tuesday, May 6th. The energy company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.31 billion. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 earnings per share. As a group, equities analysts forecast that Devon Energy Co. will post 4.85 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.94%. Devon Energy’s payout ratio is 21.87%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Devon Energy by 2.6% during the first quarter. Vanguard Group Inc. now owns 82,780,738 shares of the energy company’s stock worth $3,096,000,000 after purchasing an additional 2,098,568 shares during the period. Geode Capital Management LLC increased its holdings in shares of Devon Energy by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 16,931,275 shares of the energy company’s stock worth $552,830,000 after buying an additional 1,038,305 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Devon Energy by 12.9% in the 1st quarter. Victory Capital Management Inc. now owns 11,518,862 shares of the energy company’s stock worth $430,805,000 after buying an additional 1,315,050 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Devon Energy by 42.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 10,395,225 shares of the energy company’s stock worth $340,236,000 after buying an additional 3,114,656 shares during the period. Finally, Invesco Ltd. boosted its holdings in Devon Energy by 32.8% in the fourth quarter. Invesco Ltd. now owns 9,461,719 shares of the energy company’s stock valued at $309,682,000 after acquiring an additional 2,335,473 shares during the last quarter. 69.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Benchmark reiterated a “buy” rating and issued a $44.00 price objective on shares of Devon Energy in a research report on Thursday, February 20th. Raymond James set a $40.00 target price on shares of Devon Energy in a research report on Monday, April 21st. Barclays increased their price target on shares of Devon Energy from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 7th. Piper Sandler cut their price objective on Devon Energy from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Finally, UBS Group reduced their target price on Devon Energy from $41.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.96.

Get Our Latest Analysis on DVN

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.