FDx Advisors Inc. boosted its holdings in Devon Energy Corporation (NYSE:DVN) by 17.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,513 shares of the energy company’s stock after purchasing an additional 3,468 shares during the quarter. FDx Advisors Inc.’s holdings in Devon Energy Corporation were worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DVN. Bank of Montreal Can increased its stake in Devon Energy Corporation by 15.4% in the second quarter. Bank of Montreal Can now owns 172,744 shares of the energy company’s stock valued at $5,524,000 after purchasing an additional 23,061 shares during the last quarter. LS Investment Advisors LLC increased its stake in Devon Energy Corporation by 10.9% in the second quarter. LS Investment Advisors LLC now owns 17,646 shares of the energy company’s stock valued at $564,000 after purchasing an additional 1,740 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Devon Energy Corporation by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 32,600 shares of the energy company’s stock valued at $1,042,000 after purchasing an additional 400 shares during the last quarter. First Quadrant L P CA acquired a new position in Devon Energy Corporation in the second quarter valued at $16,165,000. Finally, Meyer Handelman Co. increased its stake in Devon Energy Corporation by 4.8% in the second quarter. Meyer Handelman Co. now owns 285,600 shares of the energy company’s stock valued at $9,131,000 after purchasing an additional 13,000 shares during the last quarter. Hedge funds and other institutional investors own 77.27% of the company’s stock.

Several brokerages have commented on DVN. Stephens upgraded Devon Energy Corporation from an “equal weight” rating to an “overweight” rating and set a $53.00 price target for the company in a research note on Thursday, November 2nd. Cowen and Company set a $40.00 price target on Devon Energy Corporation and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Morgan Stanley upped their price target on Devon Energy Corporation from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. BMO Capital Markets set a $45.00 price target on Devon Energy Corporation and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Finally, Jefferies Group LLC upgraded Devon Energy Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Devon Energy Corporation has an average rating of “Buy” and a consensus target price of $45.89.

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Shares of Devon Energy Corporation (NYSE DVN) opened at $38.16 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $19,902.75, a P/E ratio of 25.97, a PEG ratio of 1.18 and a beta of 2.22. Devon Energy Corporation has a 1 year low of $28.79 and a 1 year high of $50.69.

Devon Energy Corporation (NYSE:DVN) last announced its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Devon Energy Corporation had a return on equity of 6.88% and a net margin of 11.62%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.89 EPS. research analysts predict that Devon Energy Corporation will post 1.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Thursday, December 14th. Devon Energy Corporation’s payout ratio is 8.19%.

Devon Energy Corporation Company 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).

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

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