AlphaQuest LLC Has $173,000 Position in Devon Energy Co. (NYSE:DVN)

AlphaQuest LLC trimmed its holdings in shares of Devon Energy Co. (NYSE:DVN - Free Report) by 92.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,289 shares of the energy company's stock after selling 61,733 shares during the period. AlphaQuest LLC's holdings in Devon Energy were worth $173,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DVN. Cromwell Holdings LLC boosted its stake in Devon Energy by 98.0% during the fourth quarter. Cromwell Holdings LLC now owns 1,208 shares of the energy company's stock valued at $40,000 after buying an additional 598 shares in the last quarter. Sierra Ocean LLC bought a new position in Devon Energy during the fourth quarter valued at about $43,000. True Wealth Design LLC boosted its stake in Devon Energy by 3,889.3% during the third quarter. True Wealth Design LLC now owns 1,117 shares of the energy company's stock valued at $44,000 after buying an additional 1,089 shares in the last quarter. Activest Wealth Management boosted its stake in Devon Energy by 60.4% during the third quarter. Activest Wealth Management now owns 1,275 shares of the energy company's stock valued at $50,000 after buying an additional 480 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Devon Energy in the 4th quarter valued at $52,000. Institutional investors own 69.72% of the company's stock.

Devon Energy Stock Up 0.3 %

Shares of Devon Energy stock traded up $0.09 during trading on Thursday, hitting $36.14. 6,870,625 shares of the stock traded hands, compared to its average volume of 7,819,017. The stock has a market cap of $23.46 billion, a P/E ratio of 7.93, a PEG ratio of 1.20 and a beta of 1.91. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04. Devon Energy Co. has a twelve month low of $30.39 and a twelve month high of $55.09. The company has a fifty day moving average price of $35.44 and a two-hundred day moving average price of $37.13.

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Devon Energy (NYSE:DVN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.16. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.25 billion. Equities research analysts predict that Devon Energy Co. will post 4.85 EPS for the current fiscal year.

Devon Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.24 dividend. This is a positive change from Devon Energy's previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Friday, March 14th. Devon Energy's payout ratio is 21.05%.

Wall Street Analyst Weigh In

DVN has been the topic of a number of analyst reports. Raymond James dropped their price target on Devon Energy from $54.00 to $46.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Barclays lifted their price target on Devon Energy from $43.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 20th. Wolfe Research raised Devon Energy from a "peer perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a research note on Friday, January 3rd. StockNews.com raised Devon Energy from a "sell" rating to a "hold" rating in a research note on Friday, January 3rd. Finally, Citigroup dropped their price target on Devon Energy from $48.00 to $46.00 and set a "buy" rating on the stock in a research note on Monday. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $48.46.

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.