BlackRock Inc. boosted its stake in Devon Energy Corporation (NYSE:DVN) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,463,777 shares of the energy company’s stock after purchasing an additional 65,481 shares during the period. BlackRock Inc. owned approximately 8.83% of Devon Energy Corporation worth $1,485,448,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Park National Corp OH boosted its stake in shares of Devon Energy Corporation by 0.8% during the 2nd quarter. Park National Corp OH now owns 6,779 shares of the energy company’s stock worth $217,000 after acquiring an additional 54 shares during the last quarter. Point View Wealth Management Inc. boosted its stake in shares of Devon Energy Corporation by 1.2% during the 2nd quarter. Point View Wealth Management Inc. now owns 8,334 shares of the energy company’s stock worth $266,000 after acquiring an additional 95 shares during the last quarter. Honkamp Krueger Financial Services Inc. boosted its stake in shares of Devon Energy Corporation by 1.4% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 7,048 shares of the energy company’s stock worth $225,000 after acquiring an additional 96 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of Devon Energy Corporation by 1.1% during the 2nd quarter. Wedbush Securities Inc. now owns 9,286 shares of the energy company’s stock worth $297,000 after acquiring an additional 99 shares during the last quarter. Finally, Fernwood Investment Management LLC boosted its stake in shares of Devon Energy Corporation by 1.4% during the 1st quarter. Fernwood Investment Management LLC now owns 7,200 shares of the energy company’s stock worth $300,000 after acquiring an additional 100 shares during the last quarter. 77.00% of the stock is owned by institutional investors and hedge funds.

In other Devon Energy Corporation news, Director Robert H. Henry sold 7,045 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $33.35, for a total transaction of $234,950.75. Following the transaction, the director now directly owns 11,338 shares of the company’s stock, valued at $378,122.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.98% of the company’s stock.

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Several brokerages have recently weighed in on DVN. Barclays PLC reiterated an “overweight” rating and set a $35.00 price target (up previously from $31.00) on shares of Devon Energy Corporation in a research note on Wednesday, August 9th. Scotiabank set a $49.00 price target on shares of Devon Energy Corporation and gave the stock a “buy” rating in a research note on Saturday, July 1st. Cowen and Company reiterated a “buy” rating and set a $37.00 price target on shares of Devon Energy Corporation in a research note on Tuesday, August 22nd. BidaskClub cut shares of Devon Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Finally, Seaport Global Securities cut shares of Devon Energy Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $51.00 to $28.00 in a research note on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $46.27.

Shares of Devon Energy Corporation (DVN) traded down 0.74% during mid-day trading on Friday, reaching $33.65. 4,709,395 shares of the company’s stock were exchanged. Devon Energy Corporation has a 1-year low of $28.79 and a 1-year high of $50.69. The stock has a market capitalization of $17.69 billion, a PE ratio of 7.61 and a beta of 2.18. The company’s 50 day moving average is $31.89 and its 200 day moving average is $35.54.

Devon Energy Corporation (NYSE:DVN) last posted its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.24 billion. Devon Energy Corporation had a net margin of 16.07% and a return on equity of 5.36%. The company’s revenue was up 31.6% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Equities research analysts anticipate that Devon Energy Corporation will post $1.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, December 14th. Devon Energy Corporation’s payout ratio is 5.47%.

About Devon Energy Corporation

Devon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company’s segments include U.S., Canada and EnLink. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs).

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Institutional Ownership by Quarter for Devon Energy Corporation (NYSE:DVN)

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