A Congress Member Sold Up To $995K In Devon Energy Stock: Here's What You Need To Know
Records from October 13, 2026 indicate that Representative Kevin Hern of Oklahoma made a sale of Devon Energy (NYSE:DVN), valued between $348,019 and $995,000, with the transaction dated September 23, 2026 and filed in October.
As of now, Devon Energy shares are trading down 0.3983% at $50.01.
Representative's Recent Trading Activity
Over the previous three years, Kevin Hern conducted 311 trades, totaling more than $15.62 million. The largest of these were in ONEOK and Smartstop Self Storage stock. Some of the most notable transactions the Rep. has executed recently include:
- ONEOK (NYSE:OKE): $500,001 - $1,000,000 Purchase
- ONEOK (NYSE:OKE): $100,001 - $250,000 Purchase
- Marsh (NYSE:MRSH): $100,001 - $250,000 Purchase
Here’s a summary of Kevin Hern's most recent trades:
| Company | Ticker | Stock Type | Amount | Transaction Type | Transaction Date |
|---|---|---|---|---|---|
| NextEra Energy | NEE | STOCK | $15,001 - $50,000 | S | 2026-10-02 |
| Chevron | CVX | STOCK | $15,001 - $50,000 | S (Partial) | 2026-09-23 |
| Chubb | CB | STOCK | $1,001 - $15,000 | S | 2026-09-23 |
| Devon Energy | DVN | STOCK | $50,001 - $100,000 | S | 2026-09-23 |
| Devon Energy | DVN | STOCK | $15,001 - $50,000 | S (Partial) | 2026-09-23 |
Stay informed on Kevin Hern's trades and other members of Congress with our real-time government trades tracking tool!
The Importance of Congressional Transactions
A congressional transaction is when any representative or senator either buys or sells an individual stock.
Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.
In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure.
The Importance of Congressional Transactions
Congressional transactions shouldn't be the primary reason for an investing decision, but they can be an important factor for an investor to consider.
When a senator or representative makes a new purchase, it could be an indication they expect the stock to rise.
A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean the seller thinks the stock will go down.
This article was generated by Benzinga's automated content engine and reviewed by an editor.