Jennison Associates LLC raised its position in Devon Energy Corporation (NYSE:DVN) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 893,093 shares of the energy company’s stock after purchasing an additional 12,517 shares during the quarter. Jennison Associates LLC owned 0.17% of Devon Energy Corporation worth $32,785,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Point View Wealth Management Inc. raised its position in Devon Energy Corporation by 1.2% in the 2nd quarter. Point View Wealth Management Inc. now owns 8,334 shares of the energy company’s stock worth $266,000 after purchasing an additional 95 shares during the period. Honkamp Krueger Financial Services Inc. raised its position in Devon Energy Corporation by 1.4% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 7,048 shares of the energy company’s stock worth $225,000 after purchasing an additional 96 shares during the period. Wedbush Securities Inc. raised its position in Devon Energy Corporation by 1.1% in the 2nd quarter. Wedbush Securities Inc. now owns 9,286 shares of the energy company’s stock worth $297,000 after purchasing an additional 99 shares during the period. Kanawha Capital Management LLC raised its position in Devon Energy Corporation by 0.3% in the 2nd quarter. Kanawha Capital Management LLC now owns 41,726 shares of the energy company’s stock worth $1,334,000 after purchasing an additional 130 shares during the period. Finally, Pillar Pacific Capital Management LLC raised its position in Devon Energy Corporation by 0.7% in the 2nd quarter. Pillar Pacific Capital Management LLC now owns 29,810 shares of the energy company’s stock worth $953,000 after purchasing an additional 200 shares during the period. 77.27% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on DVN. Barclays PLC reaffirmed an “overweight” rating and set a $35.00 target price (up from $31.00) on shares of Devon Energy Corporation in a research report on Wednesday, August 9th. Scotiabank set a $49.00 target price on shares of Devon Energy Corporation and gave the stock a “buy” rating in a research report on Monday, July 31st. Cowen and Company reaffirmed a “buy” rating and set a $40.00 target price on shares of Devon Energy Corporation in a research report on Thursday, September 28th. BMO Capital Markets set a $45.00 target price on shares of Devon Energy Corporation and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Finally, Stephens raised shares of Devon Energy Corporation from an “equal weight” rating to an “overweight” rating and set a $53.00 target price on the stock in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.89.

Shares of Devon Energy Corporation (NYSE:DVN) opened at $37.91 on Thursday. Devon Energy Corporation has a one year low of $28.79 and a one year high of $50.69. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.87. The company has a market cap of $20,070.75, a price-to-earnings ratio of 26.18, a PEG ratio of 1.20 and a beta of 2.22.

Devon Energy Corporation (NYSE:DVN) last posted its quarterly earnings data on Tuesday, October 31st. The energy company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.07. Devon Energy Corporation had a net margin of 11.62% and a return on equity of 6.88%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. research analysts predict that Devon Energy Corporation will post 1.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.24 annualized dividend and a dividend yield of 0.63%. Devon Energy Corporation’s payout ratio is currently 8.19%.

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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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