2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. reduced its position in shares of Devon Energy Co. ( NYSE:DVN – Free Report ) by 9.
1% in the 4th quarter, Holdings Channel.com reports. The firm owned 283,310 shares of the energy company’s stock after selling 28,471 shares during the period.
Envestnet Asset Management Inc.’s holdings in Devon Energy were worth $9,273,000 as of its most recent SEC filing. Other large investors have also recently bought and sold shares of the company.
Redwood Wealth Management Group LLC raised its position in shares of 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 acquiring an additional 309 shares in the last quarter.
Cornerstone Wealth Management LLC boosted its holdings in shares of Devon Energy by 1.6% in the 4th quarter. Cornerstone Wealth Management LLC now owns 21,242 shares of the energy company’s stock valued at $695,000 after buying an additional 326 shares in the last quarter.
Annex Advisory Services LLC raised its stake in Devon Energy by 1.2% during the 4th quarter. Annex Advisory Services LLC now owns 27,021 shares of the energy company’s stock worth $884,000 after acquiring an additional 327 shares in the last quarter.
Independence Bank of Kentucky lifted its position in Devon Energy by 7.8% in the fourth quarter. Independence Bank of Kentucky now owns 4,580 shares of the energy company’s stock valued at $150,000 after acquiring an additional 330 shares during the last quarter.
Finally, Horizon Investments LLC grew its holdings in shares of Devon Energy by 4.1% during the fourth quarter. Horizon Investments LLC now owns 8,843 shares of the energy company’s stock worth $289,000 after purchasing an additional 347 shares during the last quarter.
Hedge funds and other institutional investors own 69.72% of the company’s stock. Devon Energy Stock Up 3.
4 % DVN opened at $30.29 on Friday. The company has a debt-to-equity ratio of 0.
57, a quick ratio of 1.01 and a current ratio of 1.04.
The company has a market cap of $19.66 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 1.
20 and a beta of 1.50. Devon Energy Co.
has a one year low of $25.89 and a one year high of $53.20.
The business’s fifty day moving average is $33.92 and its two-hundred day moving average is $35.83.
Devon Energy Increases Dividend The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.24 per share.
This represents a $0.96 dividend on an annualized basis and a yield of 3.17%.
The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Devon Energy’s previous quarterly dividend of $0.22.
Devon Energy’s dividend payout ratio is 21.05%. Analyst Upgrades and Downgrades A number of analysts recently issued reports on DVN shares.
Piper Sandler upped their target price on Devon Energy from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, February 24th.
Sanford C. Bernstein raised Devon Energy from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Wednesday, January 15th.
Citigroup cut their target price on shares of Devon Energy from $46.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, April 4th.
Susquehanna increased their price target on shares of Devon Energy from $50.00 to $52.00 and gave the stock a “positive” rating in a research note on Thursday, February 20th.
Finally, Williams Trading set a $50.00 price objective on shares of Devon Energy in a research report on Wednesday, March 5th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock.
According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.71. Read Our Latest Stock Report on Devon Energy Devon Energy Company Profile ( 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. Featured Articles Want to see what other hedge funds are holding DVN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Devon Energy Co. ( NYSE:DVN – Free Report ). Receive News & Ratings for Devon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Devon Energy and related companies with MarketBeat.
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