Doliver Capital Advisors LP bought a new stake in shares of Devon Energy Corporation (NYSE:DVN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,427 shares of the energy company’s stock, valued at approximately $269,000.

Other institutional investors also recently added to or reduced their stakes in the company. Investec Asset Management LTD increased its stake in Devon Energy Corporation by 6.5% during the 1st quarter. Investec Asset Management LTD now owns 571,980 shares of the energy company’s stock valued at $23,863,000 after buying an additional 35,008 shares during the period. Shapiro Capital Management LLC increased its stake in Devon Energy Corporation by 2.2% during the 1st quarter. Shapiro Capital Management LLC now owns 1,306,283 shares of the energy company’s stock valued at $54,498,000 after buying an additional 28,695 shares during the period. Teachers Advisors LLC increased its stake in Devon Energy Corporation by 2.3% during the 1st quarter. Teachers Advisors LLC now owns 939,950 shares of the energy company’s stock valued at $39,215,000 after buying an additional 20,850 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Devon Energy Corporation by 4.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,953,530 shares of the energy company’s stock valued at $62,455,000 after buying an additional 87,912 shares during the period. Finally, Janus Capital Management LLC increased its stake in Devon Energy Corporation by 408.1% during the 1st quarter. Janus Capital Management LLC now owns 2,572,931 shares of the energy company’s stock valued at $107,342,000 after buying an additional 2,066,530 shares during the period. 77.00% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Robert H. Henry sold 7,045 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $33.35, for a total value of $234,950.75. Following the completion of the sale, the director now directly owns 11,338 shares of the company’s stock, valued at approximately $378,122.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.51% of the company’s stock.

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Shares of Devon Energy Corporation (DVN) traded up 0.33% on Friday, hitting $36.71. 5,507,908 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $31.92 and its 200 day moving average price is $35.28. The company has a market cap of $19.29 billion, a price-to-earnings ratio of 8.31 and a beta of 2.18. Devon Energy Corporation has a 1-year low of $28.79 and a 1-year high of $50.69.

Devon Energy Corporation (NYSE:DVN) last announced its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Devon Energy Corporation had a return on equity of 5.36% and a net margin of 16.07%. Devon Energy Corporation’s revenue was up 31.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. On average, equities research analysts expect that Devon Energy Corporation will post $1.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.65%. Devon Energy Corporation’s dividend payout ratio (DPR) is presently 5.47%.

Several research firms have commented on DVN. Cowen and Company reissued a “buy” rating and set a $40.00 target price on shares of Devon Energy Corporation in a research note on Thursday. Piper Jaffray Companies lowered their target price on shares of Devon Energy Corporation from $46.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 18th. BidaskClub raised shares of Devon Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Barclays PLC reissued an “overweight” rating and set a $35.00 target price (up previously from $31.00) on shares of Devon Energy Corporation in a research note on Thursday, August 3rd. Finally, Scotiabank set a $49.00 target price on shares of Devon Energy Corporation and gave the company a “buy” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Devon Energy Corporation currently has an average rating of “Hold” and a consensus target price of $45.78.

Devon Energy Corporation Profile

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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