Devon Energy Co. (NYSE:DVN) Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK decreased its position in shares of Devon Energy Co. (NYSE:DVN) by 97.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 24,316 shares of the energy company’s stock after selling 790,995 shares during the period. Capital Advisors Inc. OK’s holdings in Devon Energy were worth $796,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DVN. Riversedge Advisors LLC grew its holdings in Devon Energy by 3.6% in the 3rd quarter. Riversedge Advisors LLC now owns 7,336 shares of the energy company’s stock valued at $287,000 after buying an additional 253 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in Devon Energy by 29.8% in the third quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company’s stock valued at $49,000 after purchasing an additional 290 shares during the period. Sfmg LLC grew its holdings in Devon Energy by 0.5% in the third quarter. Sfmg LLC now owns 64,871 shares of the energy company’s stock valued at $2,538,000 after purchasing an additional 294 shares during the period. Redwood Wealth Management Group LLC increased its position in Devon Energy by 3.9% during the fourth quarter. Redwood Wealth Management Group LLC now owns 8,141 shares of the energy company’s stock worth $266,000 after purchasing an additional 309 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in Devon Energy by 0.7% during the third quarter. Brighton Jones LLC now owns 42,510 shares of the energy company’s stock worth $1,663,000 after purchasing an additional 310 shares during the period. Institutional investors and hedge funds own 69.72% of the company’s stock.

Devon Energy Price Performance

DVN stock opened at $33.95 on Thursday. The company has a market capitalization of $22.30 billion, a PE ratio of 6.30, a P/E/G ratio of 1.04 and a beta of 1.98. 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’s 50 day moving average is $34.31 and its two-hundred day moving average is $38.75. Devon Energy Co. has a 52-week low of $30.39 and a 52-week high of $55.09.

Analysts Set New Price Targets

DVN has been the subject of several research reports. Truist Financial lowered their price objective on shares of Devon Energy from $43.00 to $42.00 and set a “hold” rating for the company in a research note on Monday, January 13th. Sanford C. Bernstein raised Devon Energy from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Wednesday, January 15th. Wells Fargo & Company cut their price objective on Devon Energy from $49.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Royal Bank of Canada reiterated a “sector perform” rating and set a $50.00 target price on shares of Devon Energy in a report on Friday, January 10th. Finally, Piper Sandler increased their target price on shares of Devon Energy from $53.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from 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.