Ontario Teachers Pension Plan Board decreased its stake in Devon Energy Corporation (NYSE:DVN) by 76.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,953 shares of the energy company’s stock after selling 22,146 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Devon Energy Corporation were worth $222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Park National Corp OH boosted its stake in shares of Devon Energy Corporation by 0.8% in the second quarter. Park National Corp OH now owns 6,779 shares of the energy company’s stock worth $217,000 after buying 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% in the second quarter. Point View Wealth Management Inc. now owns 8,334 shares of the energy company’s stock worth $266,000 after buying 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% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 7,048 shares of the energy company’s stock worth $225,000 after buying an additional 96 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of Devon Energy Corporation by 1.1% in the second quarter. Wedbush Securities Inc. now owns 9,286 shares of the energy company’s stock worth $297,000 after buying an additional 99 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. boosted its stake in shares of Devon Energy Corporation by 1.0% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 10,075 shares of the energy company’s stock worth $420,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 77.00% of the company’s stock.

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In other Devon Energy Corporation news, Director Robert H. Henry sold 7,045 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 11,338 shares in the company, valued at approximately $378,122.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.51% of the company’s stock.

Devon Energy Corporation (DVN) opened at 35.86 on Thursday. The stock has a market capitalization of $18.85 billion, a price-to-earnings ratio of 8.11 and a beta of 2.21. The company has a 50-day moving average price of $33.20 and a 200 day moving average price of $34.93. Devon Energy Corporation has a 12 month low of $28.79 and a 12 month high of $50.69.

Devon Energy Corporation (NYSE:DVN) last issued its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.06 EPS. Equities analysts predict that Devon Energy Corporation will post $1.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.24 annualized dividend and a yield of 0.67%. Devon Energy Corporation’s dividend payout ratio (DPR) is presently 5.47%.

A number of analysts have recently commented on DVN shares. Barclays PLC restated an “overweight” rating and issued a $35.00 target price (up previously from $31.00) on shares of Devon Energy Corporation in a research note on Thursday, August 3rd. BidaskClub upgraded Devon Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Piper Jaffray Companies lowered their target price on 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. Royal Bank Of Canada set a $43.00 target price on Devon Energy Corporation and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, Cowen and Company set a $37.00 target price on Devon Energy Corporation and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $45.35.

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).

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

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