BXM Wealth LLC Buys Shares of 6,725 Devon Energy Co. (NYSE:DVN)

BXM Wealth LLC acquired a new stake in Devon Energy Co. (NYSE:DVN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,725 shares of the energy company’s stock, valued at approximately $220,000.

A number of other large investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in shares of Devon Energy during the third quarter valued at about $35,000. True Wealth Design LLC raised its position in Devon Energy by 3,889.3% in the third quarter. True Wealth Design LLC now owns 1,117 shares of the energy company’s stock worth $44,000 after purchasing an additional 1,089 shares in the last quarter. Hazlett Burt & Watson Inc. raised its position in Devon Energy by 29.8% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company’s stock worth $49,000 after purchasing an additional 290 shares in the last quarter. Activest Wealth Management raised its position in Devon Energy by 60.4% in the third quarter. Activest Wealth Management now owns 1,275 shares of the energy company’s stock worth $50,000 after purchasing an additional 480 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in Devon Energy in the fourth quarter worth about $52,000. 69.72% of the stock is currently owned by institutional investors.

Devon Energy Trading Up 1.3 %

DVN opened at $34.68 on Friday. The firm’s fifty day moving average is $34.27 and its two-hundred day moving average is $38.65. 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 market cap of $22.78 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 1.04 and a beta of 1.98. Devon Energy Co. has a twelve month low of $30.39 and a twelve month high of $55.09.

Wall Street Analyst Weigh In

DVN has been the subject of several recent research reports. Benchmark raised shares of Devon Energy from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Tuesday, January 14th. Susquehanna dropped their price target on shares of Devon Energy from $63.00 to $62.00 and set a “positive” rating for the company in a research report on Friday, October 18th. Truist Financial decreased their price objective on shares of Devon Energy from $43.00 to $42.00 and set a “hold” rating on the stock in a research note on Monday, January 13th. StockNews.com raised shares of Devon Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, Citigroup decreased their price objective on shares of Devon Energy from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.45.

About Devon Energy

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.