Devon Energy Co. (NYSE:DVN) Shares Bought by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Devon Energy Co. (NYSE:DVN) by 25.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,800 shares of the energy company’s stock after buying an additional 3,800 shares during the quarter. Gordian Capital Singapore Pte Ltd’s holdings in Devon Energy were worth $735,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC raised its position in shares of Devon Energy by 3.9% during the 2nd quarter. Park Avenue Securities LLC now owns 12,351 shares of the energy company’s stock worth $585,000 after purchasing an additional 467 shares during the last quarter. Czech National Bank raised its holdings in shares of Devon Energy by 6.8% during the second quarter. Czech National Bank now owns 120,434 shares of the energy company’s stock valued at $5,709,000 after acquiring an additional 7,703 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Devon Energy by 5.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 21,899 shares of the energy company’s stock valued at $1,038,000 after acquiring an additional 1,095 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Devon Energy by 1.0% in the second quarter. Sequoia Financial Advisors LLC now owns 34,147 shares of the energy company’s stock worth $1,619,000 after acquiring an additional 338 shares during the last quarter. Finally, Wedmont Private Capital raised its stake in Devon Energy by 29.2% in the 2nd quarter. Wedmont Private Capital now owns 10,200 shares of the energy company’s stock valued at $474,000 after purchasing an additional 2,303 shares during the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Stock Down 2.7 %

Devon Energy stock opened at $34.99 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.11. The firm has a 50 day moving average price of $39.36 and a 200 day moving average price of $43.02. Devon Energy Co. has a fifty-two week low of $34.76 and a fifty-two week high of $55.09. The company has a market capitalization of $22.98 billion, a PE ratio of 6.49, a price-to-earnings-growth ratio of 1.11 and a beta of 1.99.

Devon Energy (NYSE:DVN) last posted its quarterly earnings data on Tuesday, November 5th. The energy company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.01. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the business earned $1.65 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. Research analysts expect that Devon Energy Co. will post 4.79 earnings per share for the current year.

Devon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, December 13th. This represents a $0.88 annualized dividend and a dividend yield of 2.52%. Devon Energy’s dividend payout ratio is presently 16.33%.

Wall Street Analysts Forecast Growth

DVN has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $57.00 target price on shares of Devon Energy in a research note on Tuesday, September 3rd. Susquehanna lowered their price target on shares of Devon Energy from $63.00 to $62.00 and set a “positive” rating on the stock in a research report on Friday, October 18th. UBS Group cut their price objective on shares of Devon Energy from $53.00 to $47.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Wells Fargo & Company lowered their target price on Devon Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Finally, Barclays cut their price target on Devon Energy from $55.00 to $46.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $50.75.

Devon Energy Profile

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.