Speece Thorson Capital Group Inc. grew its holdings in shares of Devon Energy Corp (NYSE:DVN) by 15.6% in the fourth quarter, Holdings Channel reports. The fund owned 390,001 shares of the energy company’s stock after purchasing an additional 52,630 shares during the period. Devon Energy accounts for about 3.2% of Speece Thorson Capital Group Inc.’s investment portfolio, making the stock its 13th largest holding. Speece Thorson Capital Group Inc.’s holdings in Devon Energy were worth $16,146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Advisor Group LLC raised its holdings in shares of Devon Energy by 4.5% during the 3rd quarter. Private Advisor Group LLC now owns 29,484 shares of the energy company’s stock valued at $1,059,000 after buying an additional 1,273 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of 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 in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Devon Energy by 2.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 56,676 shares of the energy company’s stock valued at $2,346,000 after buying an additional 1,344 shares in the last quarter. Fernwood Investment Management LLC raised its holdings in shares of Devon Energy by 17.2% during the 3rd quarter. Fernwood Investment Management LLC now owns 9,200 shares of the energy company’s stock valued at $338,000 after buying an additional 1,350 shares in the last quarter. Finally, Hedeker Wealth LLC raised its holdings in shares of Devon Energy by 6.8% during the 4th quarter. Hedeker Wealth LLC now owns 23,082 shares of the energy company’s stock valued at $955,000 after buying an additional 1,467 shares in the last quarter. Hedge funds and other institutional investors own 77.65% of the company’s stock.

Devon Energy Corp (DVN) opened at $34.34 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market capitalization of $18,170.00, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 1.73 and a beta of 2.10. Devon Energy Corp has a 12 month low of $28.79 and a 12 month high of $47.25.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.70%. Devon Energy’s dividend payout ratio (DPR) is currently 8.16%.

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

A number of equities analysts recently weighed in on the company. Jefferies Group set a $46.00 price objective on Devon Energy and gave the company a “buy” rating in a report on Wednesday, December 20th. Capital One Financial cut Devon Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 10th. Citigroup reissued a “buy” rating and set a $44.00 price objective on shares of Devon Energy in a report on Tuesday, November 28th. Seaport Global Securities raised Devon Energy from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Finally, KLR Group cut Devon Energy from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.72.

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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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