U.S. Capital Wealth Advisors LLC Sells 45,590 Shares of Devon Energy Co. (NYSE:DVN)

U.S. Capital Wealth Advisors LLC reduced its stake in Devon Energy Co. (NYSE:DVN - Free Report) by 35.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,550 shares of the energy company's stock after selling 45,590 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Devon Energy were worth $2,669,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bridgewater Associates LP bought a new stake in shares of Devon Energy during the third quarter worth about $9,426,000. Legacy Investment Solutions LLC purchased a new position in shares of Devon Energy during the third quarter valued at approximately $8,002,000. Petrus Trust Company LTA grew its holdings in Devon Energy by 394.7% during the third quarter. Petrus Trust Company LTA now owns 21,827 shares of the energy company's stock worth $854,000 after buying an additional 17,415 shares in the last quarter. CIBC Asset Management Inc raised its position in Devon Energy by 6.3% in the 3rd quarter. CIBC Asset Management Inc now owns 107,182 shares of the energy company's stock valued at $4,193,000 after buying an additional 6,358 shares during the last quarter. Finally, Smead Capital Management Inc. lifted its stake in Devon Energy by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 5,879,516 shares of the energy company's stock valued at $230,007,000 after acquiring an additional 198,193 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company's stock.

Devon Energy Price Performance

Shares of DVN traded down $0.29 during midday trading on Wednesday, reaching $34.14. The stock had a trading volume of 7,591,442 shares, compared to its average volume of 9,578,988. The company's 50-day moving average is $34.66 and its 200 day moving average is $39.18. The company has a market capitalization of $22.42 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 1.07 and a beta of 1.98. Devon Energy Co. has a 12-month low of $30.39 and a 12-month high of $55.09. 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 (NYSE:DVN - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The energy company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.01. The firm had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $3.72 billion. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $1.65 earnings per share. On average, equities analysts predict that Devon Energy Co. will post 4.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on DVN shares. Piper Sandler increased their target price on shares of Devon Energy from $53.00 to $54.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered shares of Devon Energy from an "overweight" rating to a "neutral" rating and set a $43.00 price objective for the company. in a research note on Thursday, December 5th. Wells Fargo & Company cut their target price on Devon Energy from $49.00 to $43.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. StockNews.com upgraded Devon Energy from a "sell" rating to a "hold" rating in a report on Friday, January 3rd. Finally, Benchmark upgraded shares of Devon Energy from a "hold" rating to a "buy" rating and set a $44.00 target price on the stock in a research note on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $49.45.

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.