Devon Energy Co. (NYSE:DVN) Shares Purchased by Augustine Asset Management Inc.

Augustine Asset Management Inc. increased its holdings in Devon Energy Co. (NYSE:DVN) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,157 shares of the energy company’s stock after purchasing an additional 475 shares during the quarter. Augustine Asset Management Inc.’s holdings in Devon Energy were worth $234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Devon Energy during the third quarter valued at $35,000. True Wealth Design LLC boosted its position in Devon Energy by 3,889.3% during the 3rd quarter. True Wealth Design LLC now owns 1,117 shares of the energy company’s stock worth $44,000 after acquiring an additional 1,089 shares during the period. Hazlett Burt & Watson Inc. grew its stake in Devon Energy by 29.8% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company’s stock valued at $49,000 after acquiring an additional 290 shares in the last quarter. Activest Wealth Management increased its holdings in shares of Devon Energy by 60.4% in the 3rd quarter. Activest Wealth Management now owns 1,275 shares of the energy company’s stock valued at $50,000 after purchasing an additional 480 shares during the period. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of Devon Energy in the fourth quarter worth approximately $52,000. Institutional investors and hedge funds own 69.72% of the company’s stock.

Devon Energy Trading Up 2.4 %

NYSE:DVN opened at $35.10 on Wednesday. Devon Energy Co. has a 1 year low of $30.39 and a 1 year high of $55.09. The stock’s fifty day moving average price is $34.36 and its two-hundred day moving average price is $38.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.01. The company has a market cap of $23.05 billion, a P/E ratio of 6.51, a P/E/G ratio of 1.04 and a beta of 1.98.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DVN shares. Wells Fargo & Company lowered their price target on shares of Devon Energy from $49.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. StockNews.com upgraded Devon Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Raymond James lifted their price target on Devon Energy from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Piper Sandler increased their target price on shares of Devon Energy from $53.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, TD Cowen dropped their price target on shares of Devon Energy from $54.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.