Strategy Asset Managers LLC acquired a new stake in Devon Energy Corp (NYSE:DVN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,547 shares of the energy company’s stock, valued at approximately $437,000.

Several other institutional investors have also made changes to their positions in the company. Sterneck Capital Management LLC boosted its stake in shares of 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 in the last quarter. First Allied Advisory Services Inc. boosted its stake in shares of Devon Energy by 9.4% in the 2nd quarter. First Allied Advisory Services Inc. now owns 6,572 shares of the energy company’s stock valued at $214,000 after purchasing an additional 562 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Devon Energy by 3.0% in the 2nd quarter. M&T Bank Corp now owns 40,120 shares of the energy company’s stock valued at $1,282,000 after purchasing an additional 1,170 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Devon Energy by 4.5% in the 3rd quarter. Private Advisor Group LLC now owns 29,484 shares of the energy company’s stock valued at $1,059,000 after purchasing an additional 1,273 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in Devon Energy by 8.1% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,658 shares of the energy company’s stock valued at $648,000 after buying an additional 1,329 shares during the last quarter. 77.63% of the stock is owned by institutional investors.

Shares of Devon Energy Corp (DVN) traded down $0.53 during midday trading on Monday, reaching $43.33. 3,383,660 shares of the company’s stock traded hands, compared to its average volume of 4,546,385. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.87. Devon Energy Corp has a 1-year low of $28.79 and a 1-year high of $47.25. The company has a market cap of $23,080.00, a price-to-earnings ratio of 14.94, a PEG ratio of 2.49 and a beta of 2.21.

Devon Energy (NYSE:DVN) last issued 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 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 analyst estimates of $3.13 billion. During the same period in the prior year, the business earned $1.89 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. research analysts expect that Devon Energy Corp will post 1.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.24 annualized dividend and a yield of 0.55%. Devon Energy’s dividend payout ratio (DPR) is presently 8.16%.

DVN has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Devon Energy from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Seaport Global Securities upgraded shares of Devon Energy from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Credit Suisse Group initiated coverage on shares of Devon Energy in a report on Monday, December 11th. They set an “outperform” rating and a $43.00 price target for the company. Jefferies Group set a $46.00 price target on shares of Devon Energy and gave the company a “buy” rating in a report on Wednesday, December 20th. Finally, Barclays reiterated a “buy” rating and set a $39.00 price target on shares of Devon Energy in a report on Sunday, December 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Devon Energy currently has a consensus rating of “Buy” and a consensus target price of $47.00.

In other Devon Energy news, EVP Lyndon C. Taylor sold 12,798 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.29, for a total value of $490,035.42. Following the completion of the transaction, the executive vice president now directly owns 67,900 shares in the company, valued at approximately $2,599,891. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.51% of the stock is currently owned by corporate insiders.

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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).

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

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