Devon Energy Corporation (NYSE:DVN) Shares Bought by Aperio Group LLC

Aperio Group LLC boosted its position in shares of Devon Energy Corporation (NYSE:DVN) by 37.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,040 shares of the energy company’s stock after buying an additional 54,460 shares during the quarter. Aperio Group LLC’s holdings in Devon Energy Corporation were worth $7,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Park National Corp OH raised its holdings in shares of Devon Energy Corporation by 0.8% in the second quarter. Park National Corp OH now owns 6,779 shares of the energy company’s stock valued at $217,000 after acquiring an additional 54 shares in the last quarter. Point View Wealth Management Inc. raised its holdings in shares of Devon Energy Corporation by 1.2% in the second quarter. Point View Wealth Management Inc. now owns 8,334 shares of the energy company’s stock valued at $266,000 after acquiring an additional 95 shares in the last quarter. Honkamp Krueger Financial Services Inc. raised its holdings in shares of Devon Energy Corporation by 1.4% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 7,048 shares of the energy company’s stock valued at $225,000 after acquiring an additional 96 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of Devon Energy Corporation by 1.1% in the second quarter. Wedbush Securities Inc. now owns 9,286 shares of the energy company’s stock valued at $297,000 after acquiring an additional 99 shares in the last quarter. Finally, Kanawha Capital Management LLC raised its holdings in shares of Devon Energy Corporation by 0.3% in the second quarter. Kanawha Capital Management LLC now owns 41,726 shares of the energy company’s stock valued at $1,334,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 77.27% of the company’s stock.

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A number of equities research analysts have recently weighed in on the company. Cowen and Company set a $40.00 price target on Devon Energy Corporation and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Barclays PLC restated an “overweight” rating and set a $35.00 price target (up previously from $31.00) on shares of Devon Energy Corporation in a research note on Thursday, August 3rd. BidaskClub upgraded Devon Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Piper Jaffray Companies dropped their target price on Devon Energy Corporation from $46.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, September 18th. Finally, Royal Bank Of Canada set a $43.00 target price on Devon Energy Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Devon Energy Corporation currently has a consensus rating of “Buy” and a consensus price target of $45.89.

Shares of Devon Energy Corporation (DVN) opened at $39.65 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $21,215.25, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.28 and a beta of 2.22. Devon Energy Corporation has a twelve month low of $28.79 and a twelve month high of $50.69.

Devon Energy Corporation (NYSE:DVN) last released its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Devon Energy Corporation had a return on equity of 6.88% and a net margin of 11.62%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 EPS. equities research analysts anticipate that Devon Energy Corporation will post 1.73 earnings per share for the current 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 issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Thursday, December 14th. Devon Energy Corporation’s dividend payout ratio is presently 8.19%.

Devon Energy Corporation 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 Corporation (NYSE:DVN)

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