Osborn Williams & Donohoe LLC reduced its stake in Devon Energy Corporation (NYSE:DVN) by 21.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,645 shares of the energy company’s stock after selling 3,727 shares during the quarter. Osborn Williams & Donohoe LLC’s holdings in Devon Energy Corporation were worth $501,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Park National Corp OH lifted its holdings in Devon Energy Corporation by 0.8% in the 2nd quarter. Park National Corp OH now owns 6,779 shares of the energy company’s stock worth $217,000 after purchasing an additional 54 shares during the last quarter. Point View Wealth Management Inc. lifted its holdings in Devon Energy Corporation by 1.2% in the 2nd quarter. Point View Wealth Management Inc. now owns 8,334 shares of the energy company’s stock worth $266,000 after purchasing an additional 95 shares during the last quarter. Honkamp Krueger Financial Services Inc. lifted its holdings in Devon Energy Corporation by 1.4% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 7,048 shares of the energy company’s stock worth $225,000 after purchasing an additional 96 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in Devon Energy Corporation by 1.1% in the 2nd quarter. Wedbush Securities Inc. now owns 9,286 shares of the energy company’s stock worth $297,000 after purchasing an additional 99 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. lifted its holdings in Devon Energy Corporation by 1.0% in the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 10,075 shares of the energy company’s stock worth $420,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 77.00% of the company’s stock.

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In other Devon Energy Corporation news, Director Robert H. Henry sold 7,045 shares of Devon Energy Corporation stock in a transaction on 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 directly owns 11,338 shares of the company’s stock, valued at approximately $378,122.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.51% of the stock is owned by insiders.

Shares of Devon Energy Corporation (DVN) traded down 1.62% during mid-day trading on Wednesday, reaching $35.15. The company’s stock had a trading volume of 1,800,468 shares. Devon Energy Corporation has a 52-week low of $28.79 and a 52-week high of $50.69. The firm has a market cap of $18.47 billion, a price-to-earnings ratio of 7.95 and a beta of 2.21. The firm has a 50 day moving average price of $34.37 and a 200 day moving average price of $34.70.

Devon Energy Corporation (NYSE:DVN) last announced its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Devon Energy Corporation had a return on equity of 5.36% and a net margin of 16.07%. The company’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. On average, equities analysts predict that Devon Energy Corporation will post $1.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.24 annualized dividend and a yield of 0.67%. Devon Energy Corporation’s dividend payout ratio is presently 5.47%.

A number of research analysts have recently commented on DVN shares. Scotiabank set a $49.00 price target on Devon Energy Corporation and gave the stock a “buy” rating in a report on Saturday, July 1st. BMO Capital Markets reiterated a “buy” rating and set a $42.00 price target on shares of Devon Energy Corporation in a report on Thursday, June 22nd. Cowen and Company set a $37.00 price target on Devon Energy Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. Barclays PLC reiterated a “buy” rating and set a $31.00 price target on shares of Devon Energy Corporation in a report on Friday, July 7th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $43.00 price target on shares of Devon Energy Corporation in a report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $45.47.

About Devon Energy Corporation

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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