Devon Energy Co. (NYSE:DVN) Stock Position Lessened by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC cut its stake in shares of Devon Energy Co. (NYSE:DVN - Free Report) by 90.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,132 shares of the energy company's stock after selling 168,771 shares during the period. Aptus Capital Advisors LLC's holdings in Devon Energy were worth $670,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Devon Energy by 3.5% during the first quarter. Vanguard Group Inc. now owns 76,457,056 shares of the energy company's stock worth $3,836,615,000 after purchasing an additional 2,559,039 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Devon Energy by 16.8% in the second quarter. Pacer Advisors Inc. now owns 9,913,516 shares of the energy company's stock worth $469,901,000 after buying an additional 1,428,776 shares in the last quarter. Raymond James & Associates grew its position in Devon Energy by 1.5% during the second quarter. Raymond James & Associates now owns 9,183,778 shares of the energy company's stock valued at $435,311,000 after acquiring an additional 138,919 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Devon Energy by 16.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,793,217 shares of the energy company's stock valued at $416,779,000 after purchasing an additional 1,255,543 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Devon Energy by 15.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 5,094,017 shares of the energy company's stock valued at $241,456,000 after purchasing an additional 699,743 shares during the last quarter. Institutional investors own 69.72% of the company's stock.

Devon Energy Price Performance

Shares of NYSE:DVN traded down $0.75 on Friday, hitting $38.63. The company had a trading volume of 2,204,876 shares, compared to its average volume of 7,411,763. The company has a market cap of $25.38 billion, a PE ratio of 7.24, a PEG ratio of 1.22 and a beta of 2.03. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. Devon Energy Co. has a 52-week low of $37.76 and a 52-week high of $55.09. The business has a 50 day moving average of $40.15 and a 200 day moving average of $44.52.

Devon Energy (NYSE:DVN - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The energy company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.01. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.72 billion. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.65 earnings per share. As a group, equities analysts anticipate that Devon Energy Co. will post 4.84 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, December 13th. Devon Energy's dividend payout ratio is currently 16.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DVN. Jefferies Financial Group assumed coverage on Devon Energy in a report on Thursday, October 3rd. They issued a "hold" rating and a $45.00 price objective on the stock. Evercore ISI decreased their price objective on shares of Devon Energy from $55.00 to $50.00 and set an "in-line" rating on the stock in a research report on Monday, September 30th. Wolfe Research began coverage on shares of Devon Energy in a report on Thursday, July 18th. They set a "peer perform" rating for the company. UBS Group reduced their target price on Devon Energy from $53.00 to $47.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 18th. Finally, TD Cowen lowered their price objective on Devon Energy from $54.00 to $46.00 and set a "hold" rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Devon Energy presently has an average rating of "Hold" and an average target price of $51.80.

About Devon Energy

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.