Devon Energy Corporation $DVN Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its position in Devon Energy Corporation (NYSE:DVN) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,550 shares of the energy company’s stock after acquiring an additional 2,954 shares during the period. Nisa Investment Advisors LLC’s holdings in Devon Energy were worth $2,276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DVN. Opal Wealth Advisors LLC acquired a new stake in shares of Devon Energy during the second quarter worth $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Devon Energy during the first quarter worth $26,000. Banque Cantonale Vaudoise acquired a new stake in shares of Devon Energy during the first quarter worth $26,000. Trust Co. of Vermont lifted its stake in shares of Devon Energy by 241.3% during the second quarter. Trust Co. of Vermont now owns 942 shares of the energy company’s stock worth $30,000 after buying an additional 666 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Devon Energy during the second quarter worth $34,000. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Devon Energy news, Director Kelt Kindick sold 7,685 shares of Devon Energy stock in a transaction on Monday, August 11th. The shares were sold at an average price of $33.46, for a total value of $257,140.10. Following the completion of the transaction, the director owned 31,801 shares of the company’s stock, valued at approximately $1,064,061.46. The trade was a 19.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.71% of the company’s stock.

Devon Energy Trading Down 0.1%

NYSE DVN opened at $32.01 on Friday. The company has a market capitalization of $20.32 billion, a PE ratio of 7.18, a P/E/G ratio of 2.49 and a beta of 1.03. The company has a fifty day moving average of $34.32 and a 200 day moving average of $33.11. Devon Energy Corporation has a 1 year low of $25.89 and a 1 year high of $40.54. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.22 and a quick ratio of 1.13.

Devon Energy (NYSE:DVN) last posted its earnings results on Tuesday, August 5th. The energy company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. The company had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.01 billion. Devon Energy had a net margin of 16.57% and a return on equity of 18.59%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 earnings per share. Research analysts forecast that Devon Energy Corporation will post 4.85 earnings per share for the current year.

Devon Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.24 per share. The ex-dividend date was Monday, September 15th. This represents a $0.96 dividend on an annualized basis and a yield of 3.0%. Devon Energy’s payout ratio is currently 21.52%.

Analyst Ratings Changes

Several equities research analysts have recently commented on DVN shares. JPMorgan Chase & Co. lifted their price objective on shares of Devon Energy from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Morgan Stanley lowered their price objective on shares of Devon Energy from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. Jefferies Financial Group lifted their price objective on shares of Devon Energy from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Monday, July 14th. Raymond James Financial restated an “outperform” rating and set a $45.00 price objective (up from $40.00) on shares of Devon Energy in a research note on Tuesday, July 22nd. Finally, Roth Capital started coverage on shares of Devon Energy in a research note on Monday, October 13th. They set a “buy” rating and a $42.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.14.

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.