12,804 Shares in Devon Energy Co. (NYSE:DVN) Bought by Four Tree Island Advisory LLC

Four Tree Island Advisory LLC acquired a new position in shares of Devon Energy Co. (NYSE:DVN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,804 shares of the energy company's stock, valued at approximately $419,000. Devon Energy makes up about 0.3% of Four Tree Island Advisory LLC's investment portfolio, making the stock its 20th biggest holding.

Several other institutional investors also recently modified their holdings of the company. Stiles Financial Services Inc grew its holdings in shares of Devon Energy by 8.0% during the 4th quarter. Stiles Financial Services Inc now owns 55,013 shares of the energy company's stock worth $1,801,000 after purchasing an additional 4,054 shares in the last quarter. WCM Investment Management LLC grew its holdings in shares of Devon Energy by 130.9% during the 4th quarter. WCM Investment Management LLC now owns 44,999 shares of the energy company's stock worth $1,439,000 after purchasing an additional 25,511 shares in the last quarter. Thompson Investment Management Inc. grew its holdings in shares of Devon Energy by 60.0% during the 4th quarter. Thompson Investment Management Inc. now owns 1,600 shares of the energy company's stock worth $52,000 after purchasing an additional 600 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of Devon Energy by 61.5% during the 4th quarter. Empirical Finance LLC now owns 33,267 shares of the energy company's stock worth $1,089,000 after purchasing an additional 12,665 shares in the last quarter. Finally, Cidel Asset Management Inc. grew its holdings in shares of Devon Energy by 24.4% during the 4th quarter. Cidel Asset Management Inc. now owns 7,184 shares of the energy company's stock worth $235,000 after purchasing an additional 1,410 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms recently commented on DVN. Royal Bank of Canada restated a "sector perform" rating and set a $50.00 target price on shares of Devon Energy in a research report on Friday, January 10th. Benchmark upgraded Devon Energy from a "hold" rating to a "buy" rating and set a $44.00 target price for the company in a research report on Tuesday, January 14th. Truist Financial cut their target price on Devon Energy from $43.00 to $42.00 and set a "hold" rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. downgraded Devon Energy from an "overweight" rating to a "neutral" rating and set a $43.00 target price for the company. in a research report on Thursday, December 5th. Finally, Wells Fargo & Company cut their target price on Devon Energy from $49.00 to $43.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.45.

Devon Energy Trading Up 0.6 %

Shares of NYSE DVN traded up $0.20 during midday trading on Thursday, hitting $34.17. The stock had a trading volume of 7,220,212 shares, compared to its average volume of 9,272,458. The company's 50-day simple moving average is $34.27 and its 200 day simple moving average is $38.72. The firm has a market cap of $22.44 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 1.04 and a beta of 1.98. Devon Energy Co. has a fifty-two week low of $30.39 and a fifty-two week high of $55.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.01.

Devon Energy Company Profile

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.