Unigestion Holding SA Boosts Holdings in Devon Energy Corp (NYSE:DVN)

Unigestion Holding SA raised its holdings in shares of Devon Energy Corp (NYSE:DVN) by 48.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,326 shares of the energy company’s stock after acquiring an additional 12,201 shares during the quarter. Unigestion Holding SA’s holdings in Devon Energy were worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DVN. Usca Ria LLC acquired a new stake in shares of Devon Energy in the third quarter worth approximately $29,000. Westside Investment Management Inc. acquired a new stake in shares of Devon Energy in the second quarter worth approximately $45,000. Advisory Services Network LLC boosted its position in shares of Devon Energy by 43.1% in the second quarter. Advisory Services Network LLC now owns 1,712 shares of the energy company’s stock worth $48,000 after acquiring an additional 516 shares during the last quarter. CSat Investment Advisory L.P. boosted its position in shares of Devon Energy by 88.1% in the second quarter. CSat Investment Advisory L.P. now owns 1,738 shares of the energy company’s stock worth $49,000 after acquiring an additional 814 shares during the last quarter. Finally, North Star Investment Management Corp. acquired a new stake in shares of Devon Energy in the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 85.88% of the company’s stock.

Shares of NYSE DVN traded up $0.23 during trading on Friday, reaching $22.91. 5,366,535 shares of the stock were exchanged, compared to its average volume of 7,166,818. The business’s 50-day moving average price is $22.20 and its 200 day moving average price is $25.68. Devon Energy Corp has a twelve month low of $19.72 and a twelve month high of $35.39. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 1.50 and a beta of 2.35.

Devon Energy (NYSE:DVN) last posted its earnings results on Tuesday, November 5th. The energy company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. Devon Energy had a net margin of 16.00% and a return on equity of 6.08%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the company posted $0.63 earnings per share. As a group, sell-side analysts expect that Devon Energy Corp will post 1.27 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.57%. Devon Energy’s payout ratio is currently 27.91%.

DVN has been the topic of a number of recent research reports. Mitsubishi UFJ Financial Group lifted their price target on shares of Devon Energy to $36.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Morgan Stanley reduced their price target on shares of Devon Energy from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, October 4th. Guggenheim set a $35.00 price target on shares of Devon Energy and gave the company a “buy” rating in a research report on Wednesday, August 21st. MKM Partners set a $32.00 price target on shares of Devon Energy and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, ValuEngine raised shares of Devon Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $36.19.

In other news, CAO Jeremy D. Humphers sold 1,500 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $21.66, for a total transaction of $32,490.00. Following the transaction, the chief accounting officer now directly owns 42,475 shares of the company’s stock, valued at $920,008.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.63% of the company’s stock.

About Devon Energy

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. It operates approximately 12,900 gross wells. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

Further Reading: What causes a recession?

Want to see what other hedge funds are holding DVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Devon Energy Corp (NYSE:DVN).

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

Receive News & Ratings for Devon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Devon Energy and related companies with MarketBeat.com's FREE daily email newsletter.