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 February 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Devon Energy stock on February 12th.

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

• Purchased $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 2/12/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/12/2025.
• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 2/12/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 2/12/2025.
• Purchased $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 2/12/2025.
• Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 2/12/2025.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 2/12/2025.
• Purchased $1,001 – $15,000 in shares of Palantir Technologies (NASDAQ:PLTR) on 2/12/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/12/2025.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 1/21/2025.

Devon Energy Price Performance

DVN opened at $34.68 on Tuesday. Devon Energy Co. has a 52-week low of $30.39 and a 52-week high of $55.09. The stock has a market cap of $22.78 billion, a P/E ratio of 6.43, a PEG ratio of 1.04 and a beta of 1.98. The business has a fifty day moving average of $34.25 and a 200 day moving average of $38.46. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61.

Analyst Upgrades and Downgrades

DVN has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Thursday, December 5th. StockNews.com raised shares of Devon Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Raymond James upped their price target on Devon Energy from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Wells Fargo & Company cut their price target on shares of Devon Energy from $49.00 to $43.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Finally, Sanford C. Bernstein raised shares of Devon Energy from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Wednesday, January 15th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Devon Energy currently has a consensus rating of “Moderate Buy” and an average target price of $49.45.

Hedge Funds Weigh In On Devon Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riversedge Advisors LLC increased its stake in Devon Energy by 3.6% in the 3rd quarter. Riversedge Advisors LLC now owns 7,336 shares of the energy company’s stock valued at $287,000 after buying an additional 253 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in Devon Energy by 29.8% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company’s stock worth $49,000 after acquiring an additional 290 shares during the last quarter. Sfmg LLC lifted its holdings in shares of Devon Energy by 0.5% during the third quarter. Sfmg LLC now owns 64,871 shares of the energy company’s stock worth $2,538,000 after purchasing an additional 294 shares during the period. Redwood Wealth Management Group LLC lifted its holdings in Devon Energy by 3.9% during the 4th quarter. Redwood Wealth Management Group LLC now owns 8,141 shares of the energy company’s stock worth $266,000 after buying an additional 309 shares during the period. Finally, Brighton Jones LLC grew its position in shares of Devon Energy by 0.7% in the 3rd quarter. Brighton Jones LLC now owns 42,510 shares of the energy company’s stock valued at $1,663,000 after buying an additional 310 shares during the last quarter. Institutional investors own 69.72% of the company’s stock.

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.