2 weeks Ago By ABMN Staff
Renaissance Technologies LLC trimmed its holdings in shares of Devon Energy Co. ( NYSE:DVN – Free Report ) by 80.2% in the 4th quarter, HoldingsChannel.
com reports. The fund owned 131,634 shares of the energy company’s stock after selling 532,962 shares during the quarter. Renaissance Technologies LLC’s holdings in Devon Energy were worth $4,308,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Devon Energy by 7.
3% in the 4th quarter. Vanguard Group Inc. now owns 80,682,170 shares of the energy company’s stock valued at $2,640,727,000 after buying an additional 5,465,692 shares during the period.
Geode Capital Management LLC increased its holdings in shares of Devon Energy by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 16,931,275 shares of the energy company’s stock valued at $552,830,000 after purchasing an additional 1,038,305 shares in the last quarter.
Victory Capital Management Inc. lifted its stake in shares of Devon Energy by 2.3% in the 4th quarter.
Victory Capital Management Inc. now owns 10,203,812 shares of the energy company’s stock valued at $333,971,000 after purchasing an additional 232,469 shares during the period. Invesco Ltd.
increased its holdings in Devon Energy by 32.8% in the fourth quarter. Invesco Ltd.
now owns 9,461,719 shares of the energy company’s stock valued at $309,682,000 after buying an additional 2,335,473 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Devon Energy by 10.8% during the 4th quarter.
Thrivent Financial for Lutherans now owns 5,694,373 shares of the energy company’s stock worth $186,714,000 after acquiring an additional 554,219 shares in the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.
Devon Energy Trading Down 2.7 % Shares of NYSE DVN opened at $29.50 on Tuesday.
The stock has a fifty day simple moving average of $33.83 and a 200-day simple moving average of $35.67.
Devon Energy Co. has a twelve month low of $25.89 and a twelve month high of $53.
20. The stock has a market capitalization of $19.15 billion, a PE ratio of 6.
47, a PEG ratio of 1.20 and a beta of 1.50.
The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.
57. Devon Energy Increases Dividend The business also recently declared 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 is an increase from Devon Energy’s previous quarterly dividend of $0.22.
The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 3.
25%. Devon Energy’s dividend payout ratio is 21.05%.
Analyst Ratings Changes A number of equities analysts recently weighed in on DVN shares. Barclays upped their price target on Devon Energy from $43.00 to $44.
00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. Wolfe Research upgraded shares of Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Friday, January 3rd.
Scotiabank dropped their target price on shares of Devon Energy from $45.00 to $35.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th.
Piper Sandler boosted their price objective on Devon Energy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th.
Finally, Cowen downgraded Devon Energy to a “hold” rating and reduced their price objective for the company from $46.00 to $45.00 in a research note on Tuesday, February 18th.
Ten equities research 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 has a consensus rating of “Moderate Buy” and a consensus price target of $46.
71. View Our Latest Stock Report on DVN Devon Energy 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.
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