Devon Energy Corp (DVN) Shares Bought by Swiss National Bank

Swiss National Bank increased its stake in shares of Devon Energy Corp (NYSE:DVN) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,841,926 shares of the energy company’s stock after buying an additional 3,200 shares during the quarter. Swiss National Bank’s holdings in Devon Energy were worth $76,256,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of Devon Energy by 12.0% during the fourth quarter. Victory Capital Management Inc. now owns 6,238,204 shares of the energy company’s stock valued at $258,262,000 after buying an additional 667,482 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Devon Energy by 1.9% during the third quarter. First Eagle Investment Management LLC now owns 4,887,600 shares of the energy company’s stock valued at $179,424,000 after buying an additional 88,950 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Devon Energy by 2.1% during the third quarter. American Century Companies Inc. now owns 4,575,909 shares of the energy company’s stock valued at $167,982,000 after buying an additional 95,013 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Devon Energy by 0.9% during the third quarter. Legal & General Group Plc now owns 2,612,483 shares of the energy company’s stock valued at $95,897,000 after buying an additional 22,540 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Devon Energy by 22.1% during the third quarter. JPMorgan Chase & Co. now owns 2,274,839 shares of the energy company’s stock valued at $83,238,000 after buying an additional 412,092 shares during the last quarter. 77.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on DVN. KLR Group lowered shares of Devon Energy from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a report on Tuesday, January 23rd. Credit Suisse Group set a $50.00 price objective on shares of Devon Energy and gave the company a “buy” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Morgan Stanley upped their price target on shares of Devon Energy from $48.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Stifel Nicolaus set a $68.00 price target on shares of Devon Energy and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $42.00 price target on shares of Devon Energy in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $47.72.

In other Devon Energy news, EVP Lyndon C. Taylor sold 12,798 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.29, for a total value of $490,035.42. Following the completion of the transaction, the executive vice president now owns 67,900 shares in the company, valued at $2,599,891. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.51% of the company’s stock.

Devon Energy Corp (DVN) opened at $34.40 on Wednesday. The firm has a market cap of $18,170.00, a PE ratio of 11.76, a price-to-earnings-growth ratio of 1.73 and a beta of 2.10. Devon Energy Corp has a 1 year low of $28.79 and a 1 year high of $47.25. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.63.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.70%. Devon Energy’s dividend payout ratio (DPR) is currently 8.16%.

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Devon Energy 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 (NYSE:DVN)

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