Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. continued to hold its position in shares of Devon Energy Corporation (NYSE:DVN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,255 shares of the energy company’s stock at the close of the second quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.’s holdings in Devon Energy Corporation were worth $456,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Nationwide Fund Advisors grew its stake in shares of Devon Energy Corporation by 5.7% during the 2nd quarter. Nationwide Fund Advisors now owns 314,996 shares of the energy company’s stock worth $10,070,000 after acquiring an additional 17,026 shares during the period. Standard Life Investments LTD grew its stake in shares of Devon Energy Corporation by 1.3% during the 2nd quarter. Standard Life Investments LTD now owns 6,054,868 shares of the energy company’s stock worth $193,604,000 after acquiring an additional 75,952 shares during the period. Norinchukin Bank The grew its stake in shares of Devon Energy Corporation by 7.0% during the 2nd quarter. Norinchukin Bank The now owns 36,481 shares of the energy company’s stock worth $1,166,000 after acquiring an additional 2,391 shares during the period. Bridgewater Associates LP grew its stake in shares of Devon Energy Corporation by 54.4% during the 2nd quarter. Bridgewater Associates LP now owns 880,996 shares of the energy company’s stock worth $28,165,000 after acquiring an additional 310,222 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Devon Energy Corporation by 15.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,218,626 shares of the energy company’s stock worth $166,836,000 after acquiring an additional 690,204 shares during the period. Institutional investors own 77.00% of the company’s stock.

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In other news, Director Robert H. Henry sold 7,045 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $33.35, for a total value of $234,950.75. Following the completion of the transaction, the director now owns 11,338 shares of the company’s stock, valued at $378,122.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.98% of the company’s stock.

Shares of Devon Energy Corporation (NYSE DVN) traded up 1.599% during mid-day trading on Thursday, hitting $33.985. The stock had a trading volume of 2,603,657 shares. Devon Energy Corporation has a 12 month low of $28.79 and a 12 month high of $50.69. The stock’s 50-day moving average is $31.84 and its 200 day moving average is $35.63. The company has a market cap of $17.86 billion, a PE ratio of 7.689 and a beta of 2.18.

Devon Energy Corporation (NYSE:DVN) last released its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.24 billion. Devon Energy Corporation had a return on equity of 5.36% and a net margin of 16.07%. The business’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, equities research analysts forecast that Devon Energy Corporation will post $1.74 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.72%. Devon Energy Corporation’s dividend payout ratio (DPR) is 5.47%.

Several research analysts have recently weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and set a $38.00 price target on shares of Devon Energy Corporation in a research note on Wednesday, May 17th. Royal Bank Of Canada set a $53.00 price target on Devon Energy Corporation and gave the stock a “buy” rating in a research note on Monday, May 29th. BidaskClub upgraded Devon Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Barclays PLC reiterated an “overweight” rating and set a $35.00 price target (up previously from $31.00) on shares of Devon Energy Corporation in a research note on Thursday, August 3rd. Finally, Scotiabank set a $49.00 price target on Devon Energy Corporation and gave the stock a “buy” rating in a research note on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Devon Energy Corporation has a consensus rating of “Buy” and a consensus target price of $46.27.

Devon Energy Corporation Profile

Devon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company’s segments include U.S., Canada and EnLink. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs).

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Institutional Ownership by Quarter for Devon Energy Corporation (NYSE:DVN)

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