Private Advisor Group LLC grew its holdings in shares of Devon Energy Corporation (NYSE:DVN) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,484 shares of the energy company’s stock after acquiring an additional 1,273 shares during the period. Private Advisor Group LLC’s holdings in Devon Energy were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of DVN. Sun Life Financial INC boosted its holdings in Devon Energy by 32,058.3% in the 2nd quarter. Sun Life Financial INC now owns 3,859 shares of the energy company’s stock worth $123,000 after buying an additional 3,847 shares during the period. FNY Managed Accounts LLC bought a new position in Devon Energy in the 3rd quarter worth $134,000. Fiduciary Trust Co. bought a new position in Devon Energy in the 2nd quarter worth $144,000. Global X Management Co. LLC boosted its holdings in Devon Energy by 12.5% in the 2nd quarter. Global X Management Co. LLC now owns 4,539 shares of the energy company’s stock worth $145,000 after buying an additional 503 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in Devon Energy by 67.6% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 5,700 shares of the energy company’s stock worth $182,000 after buying an additional 2,300 shares during the period. 77.64% of the stock is owned by hedge funds and other institutional investors.

Shares of Devon Energy Corporation (NYSE:DVN) traded up $0.90 during mid-day trading on Friday, reaching $38.05. 7,548,013 shares of the company’s stock traded hands, compared to its average volume of 4,074,865. The stock has a market cap of $19,503.75, a PE ratio of 25.44, a P/E/G ratio of 1.17 and a beta of 2.21. Devon Energy Corporation has a 1-year low of $28.79 and a 1-year high of $50.69. 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 (NYSE:DVN) last announced its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.39 by $0.07. The business 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%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.89 EPS. research analysts forecast that Devon Energy Corporation will post 1.77 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Wednesday, March 14th. Devon Energy’s dividend payout ratio is 8.19%.

Several research analysts recently weighed in on DVN shares. Morgan Stanley upped their target price on shares of Devon Energy from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. BMO Capital Markets set a $38.00 target price on shares of Devon Energy and gave the stock a “buy” rating in a report on Monday, August 28th. Royal Bank Of Canada set a $43.00 target price on shares of Devon Energy and gave the stock a “buy” rating in a report on Friday, August 25th. Stifel Nicolaus set a $61.00 target price on shares of Devon Energy and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $31.00 target price (down previously from $35.00) on shares of Devon Energy in a report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $46.56.

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Devon Energy Company 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).

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

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