1,592 Shares in Devon Energy Co. (NYSE:DVN) Bought by Endeavor Private Wealth Inc.

Endeavor Private Wealth Inc. purchased a new stake in Devon Energy Co. (NYSE:DVN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,592 shares of the energy company’s stock, valued at approximately $52,000.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Devon Energy by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 15,892,970 shares of the energy company’s stock valued at $619,747,000 after buying an additional 206,884 shares in the last quarter. EnCap Energy Capital Fund XI L.P. bought a new stake in Devon Energy during the 3rd quarter valued at $461,857,000. Pacer Advisors Inc. raised its holdings in Devon Energy by 16.9% during the third quarter. Pacer Advisors Inc. now owns 11,591,168 shares of the energy company’s stock worth $453,446,000 after buying an additional 1,677,652 shares during the last quarter. EnCap Partners GP LLC bought a new position in shares of Devon Energy in the third quarter valued at $408,653,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Devon Energy by 3.8% in the third quarter. Victory Capital Management Inc. now owns 9,971,343 shares of the energy company’s stock valued at $390,079,000 after buying an additional 361,968 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DVN. Citigroup lowered their target price on shares of Devon Energy from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Raymond James lowered their price objective on Devon Energy from $58.00 to $51.00 in a research note on Tuesday, November 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $50.00 target price on shares of Devon Energy in a research report on Friday, January 10th. BMO Capital Markets lowered their price target on Devon Energy from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Finally, Jefferies Financial Group began coverage on shares of Devon Energy in a report on Thursday, October 3rd. They set a “hold” rating and a $45.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.27.

Devon Energy Stock Performance

NYSE:DVN opened at $36.46 on Thursday. The company has a market capitalization of $23.95 billion, a P/E ratio of 6.76, a P/E/G ratio of 1.22 and a beta of 2.00. The business has a fifty day simple moving average of $35.37 and a two-hundred day simple moving average of $40.05. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.01. Devon Energy Co. has a 1 year low of $30.39 and a 1 year high of $55.09.

Devon Energy (NYSE:DVN) last announced its quarterly earnings data on Tuesday, November 5th. The energy company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.01. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.72 billion. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.65 EPS. On average, analysts expect that Devon Energy Co. will post 4.68 earnings per share for the current year.

Devon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Friday, December 13th. Devon Energy’s dividend payout ratio (DPR) is currently 16.33%.

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.