Devon Energy EVP Lowe sells $344,218 in company stock on Sept. 14 By Investing.com

Robert Ferrall Lowe III, Executive Vice President of Exploration & Production at Devon Energy Corp/DE (), sold 6,756 shares of the company’s common stock on September 14, 2026. The transactions amounted to a total value of $344,218.

The shares were disposed of in multiple transactions at prices ranging from $50.95 to $50.96 per share. Following these sales, Mr. Lowe directly holds 72,720 shares of Devon Energy common stock.The timing of the sale is notable as Devon Energy stock currently trades at $49.73, near its 52-week high of $52.71, with shares up 37% year-to-date. According to InvestingPro analysis, the stock remains undervalued with a Fair Value of $58.44, placing it among opportunities on the Most Undervalued list. The company trades at a P/E ratio of 10.67 while maintaining a 2.59% dividend yield. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for DVN and 1,400+ US equities.

In other recent news, Devon Energy reported impressive second-quarter results for 2026, surpassing Wall Street’s expectations. The company announced adjusted earnings of $1.57 per share on revenue of $7.42 billion, exceeding analyst forecasts of $1.49 per share and $5.99 billion in revenue. Despite these strong figures, Devon Energy’s stock experienced a decline in after-hours trading, reflecting investor concerns over the company’s merger integration and future capital allocation strategies. Devon Energy highlighted its strong operational performance, noting that it exceeded guidance on key metrics such as oil production, total production, costs, and capital spending. The company also reported adjusted free cash flow of $1.7 billion, facilitating over $1 billion in shareholder returns through dividends, buybacks, and debt reduction. Notably, Devon Energy increased its quarterly dividend by 33% to $0.32 per share. The second quarter marked the first full quarter with Coterra assets following the merger closure on May 7, with oil production averaging 503,000 barrels per day. Total production reached 1.36 million barrels of oil equivalent per day, hitting the top end of the company’s forecast range.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.