Caisse DE Depot ET Placement DU Quebec lifted its holdings in Devon Energy Corporation (NYSE:DVN) by 217.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 515,700 shares of the energy company’s stock after buying an additional 353,100 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.10% of Devon Energy worth $19,011,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Point View Wealth Management Inc. lifted its position in Devon Energy by 1.2% in the 2nd quarter. Point View Wealth Management Inc. now owns 8,334 shares of the energy company’s stock valued at $266,000 after purchasing an additional 95 shares during the last quarter. Wedbush Securities Inc. lifted its position in Devon Energy by 1.1% in the 2nd quarter. Wedbush Securities Inc. now owns 9,286 shares of the energy company’s stock valued at $297,000 after purchasing an additional 99 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in Devon Energy by 3.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 6,491 shares of the energy company’s stock valued at $208,000 after purchasing an additional 222 shares during the last quarter. Sterneck Capital Management LLC lifted its position in Devon Energy by 4.5% in the 2nd quarter. Sterneck Capital Management LLC now owns 6,518 shares of the energy company’s stock valued at $208,000 after purchasing an additional 283 shares during the last quarter. Finally, Nippon Life Insurance Co. lifted its position in Devon Energy by 1.2% in the 2nd quarter. Nippon Life Insurance Co. now owns 25,656 shares of the energy company’s stock valued at $820,000 after purchasing an additional 307 shares during the last quarter. Institutional investors own 77.64% of the company’s stock.

Several analysts recently weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price objective on shares of Devon Energy in a research report on Sunday, September 3rd. Barclays reiterated an “overweight” rating and issued a $35.00 price objective (up from $31.00) on shares of Devon Energy in a research report on Wednesday, August 9th. Citigroup reiterated a “buy” rating and issued a $44.00 price objective on shares of Devon Energy in a research report on Tuesday, November 28th. BMO Capital Markets set a $45.00 price objective on shares of Devon Energy and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, BidaskClub downgraded shares of Devon Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $46.56.

Devon Energy Corporation (NYSE:DVN) traded down $1.50 during trading on Thursday, reaching $36.88. 3,670,200 shares of the company’s stock traded hands, compared to its average volume of 4,771,343. The firm has a market cap of $19,380.00, a PE ratio of 26.29, a price-to-earnings-growth ratio of 1.21 and a beta of 2.21. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.63 and a current ratio of 1.63. Devon Energy Corporation has a 52-week low of $28.79 and a 52-week high of $50.69.

Devon Energy (NYSE:DVN) last released its earnings results on Tuesday, October 31st. The energy company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.07. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Devon Energy had a net margin of 11.62% and a return on equity of 6.88%. Devon Energy’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $1.89 EPS. equities research analysts anticipate that Devon Energy Corporation will post 1.77 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.24 annualized dividend and a yield of 0.65%. Devon Energy’s payout ratio is 8.16%.

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About Devon Energy

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 (NYSE:DVN)

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