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

by · The Cerbat Gem

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Devon Energy Co. (NYSE:DVN). In a filing disclosed on May 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Devon Energy stock on May 5th. The trade occurred in the Representative’s “MARJORIE IRA” account.

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

  • Purchased $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 5/5/2025.
  • Purchased $1,001 – $15,000 in shares of Occidental Petroleum (NYSE:OXY) on 5/5/2025.
  • Purchased $1,001 – $15,000 in shares of Paychex (NASDAQ:PAYX) on 5/5/2025.
  • Purchased $1,001 – $15,000 in shares of MercadoLibre (NASDAQ:MELI) on 5/5/2025.
  • Purchased $1,001 – $15,000 in shares of Starbucks (NASDAQ:SBUX) on 5/5/2025.
  • Purchased $1,001 – $15,000 in shares of BP (NYSE:BP) on 5/5/2025.
  • Purchased $1,001 – $15,000 in shares of Gilead Sciences (NASDAQ:GILD) on 5/5/2025.
  • Purchased $1,001 – $15,000 in shares of BHP Group (NYSE:BHP) on 5/5/2025.
  • Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 5/5/2025.
  • Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 5/5/2025.

Devon Energy Price Performance

Shares of NYSE:DVN opened at $30.28 on Thursday. The company has a market cap of $19.48 billion, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 1.20 and a beta of 1.00. The company’s fifty day moving average is $32.63 and its two-hundred day moving average is $34.86. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. Devon Energy Co. has a 12-month low of $25.89 and a 12-month high of $51.20.

Devon Energy (NYSE:DVN – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.31 billion. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. The company’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 earnings per share. Equities analysts expect that Devon Energy Co. will post 4.85 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Friday, June 13th. Devon Energy’s payout ratio is 21.05%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Hurley Capital LLC bought a new position in Devon Energy during the fourth quarter worth about $26,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Devon Energy during the first quarter worth $26,000. Accredited Wealth Management LLC bought a new stake in Devon Energy in the 4th quarter valued at $28,000. Rakuten Securities Inc. boosted its stake in Devon Energy by 94.6% in the 1st quarter. Rakuten Securities Inc. now owns 833 shares of the energy company’s stock worth $31,000 after purchasing an additional 405 shares during the period. Finally, Hughes Financial Services LLC acquired a new stake in shares of Devon Energy in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 69.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Bank of America cut their target price on shares of Devon Energy from $52.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Truist Financial lifted their price objective on Devon Energy from $42.00 to $44.00 and gave the company a “hold” rating in a research report on Thursday, February 20th. Benchmark reaffirmed a “buy” rating and issued a $44.00 target price on shares of Devon Energy in a research report on Thursday, February 20th. Wells Fargo & Company dropped their price objective on Devon Energy from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, Royal Bank of Canada dropped their price target on shares of Devon Energy from $49.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Devon Energy presently has an average rating of “Moderate Buy” and a consensus target price of $43.96.

Get Our Latest Analysis on DVN

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

(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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