Devon Energy Co. (NYSE:DVN) Stock Holdings Lowered by Curi RMB Capital LLC

Curi RMB Capital LLC lowered its position in shares of Devon Energy Co. (NYSE:DVN - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 369,973 shares of the energy company's stock after selling 8,805 shares during the quarter. Curi RMB Capital LLC owned approximately 0.06% of Devon Energy worth $12,109,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Klein Pavlis & Peasley Financial Inc. purchased a new position in Devon Energy during the fourth quarter worth approximately $782,000. World Investment Advisors LLC increased its position in Devon Energy by 3,440.3% during the 3rd quarter. World Investment Advisors LLC now owns 149,437 shares of the energy company's stock worth $5,846,000 after purchasing an additional 145,216 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Devon Energy in the fourth quarter valued at approximately $5,967,000. New York State Teachers Retirement System grew its stake in Devon Energy by 4.5% during the fourth quarter. New York State Teachers Retirement System now owns 736,351 shares of the energy company's stock worth $24,101,000 after buying an additional 31,520 shares during the period. Finally, First Dallas Securities Inc. increased its position in shares of Devon Energy by 31.9% in the fourth quarter. First Dallas Securities Inc. now owns 52,715 shares of the energy company's stock worth $1,725,000 after acquiring an additional 12,760 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DVN shares. Morgan Stanley set a $47.00 target price on shares of Devon Energy and gave the company an "overweight" rating in a report on Wednesday, March 26th. Williams Trading set a $50.00 target price on Devon Energy in a research report on Wednesday, March 5th. Susquehanna dropped their target price on Devon Energy from $52.00 to $41.00 and set a "positive" rating on the stock in a report on Tuesday. Mizuho decreased their price target on Devon Energy from $49.00 to $46.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Barclays lifted their price objective on shares of Devon Energy from $43.00 to $44.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $45.96.

Devon Energy Stock Performance

Shares of Devon Energy stock traded down $0.12 during trading on Wednesday, hitting $31.08. 9,219,254 shares of the stock were exchanged, compared to its average volume of 10,174,826. Devon Energy Co. has a 12 month low of $25.89 and a 12 month high of $53.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04. The stock has a market cap of $20.17 billion, a PE ratio of 6.82, a P/E/G ratio of 1.20 and a beta of 1.50. The stock's fifty day moving average is $33.77 and its 200 day moving average is $35.63.

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

Devon Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Devon Energy's previous quarterly dividend of $0.22. Devon Energy's payout ratio is currently 21.05%.

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.