Mutual of America Capital Management LLC Sells 2,437 Shares of Devon Energy Co. (NYSE:DVN)

Mutual of America Capital Management LLC trimmed its stake in shares of Devon Energy Co. (NYSE:DVNFree Report) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,651 shares of the energy company’s stock after selling 2,437 shares during the period. Mutual of America Capital Management LLC’s holdings in Devon Energy were worth $6,566,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of DVN. AlphaCrest Capital Management LLC purchased a new stake in shares of Devon Energy in the first quarter valued at approximately $364,000. Acadian Asset Management LLC acquired a new stake in Devon Energy during the 1st quarter worth $188,000. Blair William & Co. IL grew its stake in Devon Energy by 52.1% during the 1st quarter. Blair William & Co. IL now owns 99,120 shares of the energy company’s stock valued at $5,861,000 after acquiring an additional 33,936 shares in the last quarter. Sei Investments Co. lifted its position in Devon Energy by 9.2% during the first quarter. Sei Investments Co. now owns 414,354 shares of the energy company’s stock worth $24,500,000 after buying an additional 34,870 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Devon Energy during the 1st quarter valued at about $26,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DVN. Truist Financial cut their price objective on Devon Energy from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, November 9th. Stifel Nicolaus cut their price target on Devon Energy from $77.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Morgan Stanley upgraded Devon Energy from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $48.00 to $52.00 in a research note on Monday, December 11th. JPMorgan Chase & Co. raised shares of Devon Energy from a “neutral” rating to an “overweight” rating and raised their target price for the company from $57.00 to $58.00 in a report on Wednesday, December 6th. Finally, Raymond James dropped their price objective on shares of Devon Energy from $53.00 to $52.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $56.65.

Check Out Our Latest Report on Devon Energy

Devon Energy Stock Performance

Shares of DVN stock opened at $41.59 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 0.96. The firm has a market capitalization of $26.65 billion, a price-to-earnings ratio of 7.11, a price-to-earnings-growth ratio of 0.15 and a beta of 2.20. The company has a 50 day moving average price of $43.68 and a 200 day moving average price of $46.72. Devon Energy Co. has a one year low of $40.47 and a one year high of $64.40.

Devon Energy Profile

(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.

See Also

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

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