10,460 Shares in Devon Energy Co. (NYSE:DVN) Bought by Sava Infond d.o.o.

Sava Infond d.o.o. acquired a new stake in Devon Energy Co. (NYSE:DVN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,460 shares of the energy company’s stock, valued at approximately $342,000.

A number of other institutional investors have also recently bought and sold shares of DVN. True Wealth Design LLC raised its holdings in shares of Devon Energy by 3,889.3% in the 3rd 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 during the period. Cromwell Holdings LLC increased its position in Devon Energy by 98.0% in the fourth quarter. Cromwell Holdings LLC now owns 1,208 shares of the energy company’s stock worth $40,000 after buying an additional 598 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Devon Energy in the fourth quarter valued at $43,000. Endeavor Private Wealth Inc. purchased a new position in shares of Devon Energy during the 4th quarter valued at $52,000. Finally, Thompson Investment Management Inc. grew its stake in shares of Devon Energy by 60.0% during the 4th quarter. Thompson Investment Management Inc. now owns 1,600 shares of the energy company’s stock worth $52,000 after acquiring an additional 600 shares during the period. Institutional investors own 69.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DVN. StockNews.com upgraded shares of Devon Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Raymond James lowered their price target on Devon Energy from $54.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Cowen cut shares of Devon Energy to a “hold” rating and decreased their price objective for the stock from $46.00 to $45.00 in a research report on Tuesday, February 18th. Benchmark reiterated a “buy” rating and set a $44.00 target price on shares of Devon Energy in a research report on Thursday, February 20th. Finally, Williams Trading set a $50.00 price target on shares of Devon Energy in a report on Wednesday, March 5th. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Devon Energy presently has an average rating of “Moderate Buy” and a consensus price target of $48.29.

Devon Energy Stock Performance

NYSE:DVN opened at $36.95 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04. Devon Energy Co. has a fifty-two week low of $30.39 and a fifty-two week high of $55.09. The business has a 50 day moving average price of $35.41 and a 200-day moving average price of $36.92. The firm has a market cap of $23.98 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 1.20 and a beta of 1.91.

Devon Energy (NYSE:DVN) last announced its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.16. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.25 billion. Devon Energy had a net margin of 18.14% and a return on equity of 22.52%. Equities research analysts predict that Devon Energy Co. will post 4.85 earnings per share for the current year.

Devon Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Friday, March 14th. This is an increase from Devon Energy’s previous quarterly dividend of $0.22. Devon Energy’s payout ratio is currently 21.05%.

Devon Energy Company 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.