Osborn Williams & Donohoe LLC lessened its position in shares of Devon Energy Corporation (NYSE:DVN) by 21.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,645 shares of the energy company’s stock after selling 3,727 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Devon Energy Corporation were worth $501,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp boosted its holdings in shares of Devon Energy Corporation by 10.4% in the 1st quarter. Fifth Third Bancorp now owns 2,630 shares of the energy company’s stock valued at $110,000 after buying an additional 248 shares in the last quarter. Sun Life Financial INC boosted its holdings in shares of Devon Energy Corporation by 32,058.3% in the 2nd quarter. Sun Life Financial INC now owns 3,859 shares of the energy company’s stock valued at $123,000 after buying an additional 3,847 shares in the last quarter. Fiduciary Trust Co. acquired a new position in shares of Devon Energy Corporation in the 2nd quarter valued at $144,000. Global X Management Co. LLC boosted its holdings in shares of Devon Energy Corporation by 12.5% in the 2nd quarter. Global X Management Co. LLC now owns 4,539 shares of the energy company’s stock valued at $145,000 after buying an additional 503 shares in the last quarter. Finally, Exane Derivatives boosted its holdings in shares of Devon Energy Corporation by 36.0% in the 2nd quarter. Exane Derivatives now owns 5,650 shares of the energy company’s stock valued at $181,000 after buying an additional 1,497 shares in the last quarter. Institutional investors own 77.18% of the company’s stock.
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In other news, Director Robert H. Henry sold 7,045 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $33.35, for a total transaction of $234,950.75. Following the sale, the director now owns 11,338 shares of the company’s stock, valued at $378,122.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.51% of the company’s stock.
Shares of Devon Energy Corporation (NYSE DVN) traded up 1.5655% during midday trading on Friday, reaching $35.4565. 2,172,760 shares of the company were exchanged. The firm’s 50 day moving average is $35.01 and its 200-day moving average is $34.35. The company has a market capitalization of $18.64 billion, a PE ratio of 8.0218 and a beta of 2.21. Devon Energy Corporation has a 52-week low of $28.79 and a 52-week high of $50.69.
Devon Energy Corporation (NYSE:DVN) last released its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.24 billion. Devon Energy Corporation had a return on equity of 5.36% and a net margin of 16.07%. Devon Energy Corporation’s revenue was up 31.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. On average, equities analysts forecast that Devon Energy Corporation will post $1.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, December 14th. Devon Energy Corporation’s dividend payout ratio is currently 5.47%.
Several research firms recently commented on DVN. Scotiabank set a $49.00 price target on shares of Devon Energy Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. Morgan Stanley upped their price target on shares of Devon Energy Corporation from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Sanford C. Bernstein downgraded shares of Devon Energy Corporation from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $54.00 to $33.00 in a research report on Thursday, July 6th. BMO Capital Markets upped their price target on shares of Devon Energy Corporation from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of Devon Energy Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Devon Energy Corporation currently has an average rating of “Buy” and a consensus target price of $45.47.
Devon Energy Corporation 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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