Devon Energy Co. (NYSE:DVN) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lowered its stake in shares of Devon Energy Co. (NYSE:DVN - Free Report) by 51.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,679 shares of the energy company's stock after selling 20,595 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Devon Energy were worth $644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Devon Energy in the 3rd quarter worth about $35,000. True Wealth Design LLC boosted its position in shares of 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 during the last quarter. Hazlett Burt & Watson Inc. raised its position in Devon Energy by 29.8% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company's stock worth $49,000 after buying an additional 290 shares during the last quarter. Activest Wealth Management lifted its stake in Devon Energy by 60.4% during the 3rd quarter. Activest Wealth Management now owns 1,275 shares of the energy company's stock valued at $50,000 after acquiring an additional 480 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new position in Devon Energy during the 4th quarter valued at about $52,000. 69.72% of the stock is owned by institutional investors.

Devon Energy Trading Up 2.4 %

DVN stock traded up $0.84 during midday trading on Tuesday, reaching $35.10. The company's stock had a trading volume of 9,473,220 shares, compared to its average volume of 9,367,016. Devon Energy Co. has a 52 week low of $30.39 and a 52 week high of $55.09. The business's 50-day simple moving average is $34.41 and its 200-day simple moving average is $38.87. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. The stock has a market cap of $23.05 billion, a PE ratio of 6.51, a price-to-earnings-growth ratio of 1.04 and a beta of 1.98.

Wall Street Analysts Forecast Growth

DVN has been the topic of several recent research reports. Wolfe Research upgraded shares of Devon Energy from a "peer perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research note on Friday, January 3rd. Mizuho decreased their price objective on Devon Energy from $51.00 to $47.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Royal Bank of Canada restated a "sector perform" rating and set a $50.00 target price on shares of Devon Energy in a research note on Friday, January 10th. Benchmark upgraded Devon Energy from a "hold" rating to a "buy" rating and set a $44.00 price objective for the company in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. downgraded Devon Energy from an "overweight" rating to a "neutral" rating and set a $43.00 price objective on the stock. in a research report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.