Barclays PLC Has $150 Million Holdings in Devon Energy Co. (NYSE:DVN)

Barclays PLC lifted its position in shares of Devon Energy Co. (NYSE:DVNFree Report) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,144,552 shares of the energy company’s stock after buying an additional 270,166 shares during the quarter. Barclays PLC owned about 0.49% of Devon Energy worth $149,996,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DVN. Coppell Advisory Solutions LLC acquired a new stake in shares of Devon Energy during the second quarter worth $25,000. Canada Pension Plan Investment Board acquired a new stake in Devon Energy in the first quarter worth $26,000. KB Financial Partners LLC acquired a new stake in Devon Energy in the first quarter worth $26,000. Fortis Capital Advisors LLC acquired a new stake in Devon Energy in the fourth quarter worth $31,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Devon Energy in the first quarter worth $32,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Devon Energy Price Performance

DVN stock opened at $43.32 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.89. Devon Energy Co. has a one year low of $40.51 and a one year high of $64.40. The stock has a market cap of $27.76 billion, a PE ratio of 7.41, a P/E/G ratio of 0.16 and a beta of 2.20. The firm has a 50 day simple moving average of $44.25 and a two-hundred day simple moving average of $47.25.

Devon Energy (NYSE:DVNGet Free Report) last released its quarterly earnings results on Tuesday, November 7th. The energy company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.09. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Devon Energy had a net margin of 24.63% and a return on equity of 33.97%. On average, analysts predict that Devon Energy Co. will post 5.67 EPS for the current fiscal year.

Devon Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 7.11%. This is a positive change from Devon Energy’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, December 14th. Devon Energy’s payout ratio is presently 13.68%.

Wall Street Analysts Forecast Growth

DVN has been the subject of a number of research reports. Pickering Energy Partners upgraded shares of Devon Energy from a “neutral” rating to an “outperform” rating in a report on Thursday, November 9th. Sanford C. Bernstein cut shares of Devon Energy from an “outperform” rating to a “market perform” rating and set a $48.00 price target for the company. in a report on Tuesday, October 17th. Piper Sandler dropped their price objective on shares of Devon Energy from $61.00 to $59.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Susquehanna dropped their price target on shares of Devon Energy from $72.00 to $62.00 and set a “positive” rating on the stock in a research report on Wednesday, October 18th. Finally, Mizuho dropped their price target on shares of Devon Energy from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 11th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.65.

Check Out Our Latest Research Report on Devon Energy

About Devon Energy

(Free Report)

Devon Energy Corporation, an independent energy company, explores for, develops, and produces oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Anadarko, Williston, Eagle Ford, and Powder River Basin. The company was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.

Recommended Stories

Institutional Ownership by Quarter for Devon Energy (NYSE:DVN)

Receive News & Ratings for Devon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Devon Energy and related companies with MarketBeat.com's FREE daily email newsletter.