Sanctuary Advisors LLC purchased a new stake in Devon Energy Co. (NYSE:DVN - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 403,768 shares of the energy company's stock, valued at approximately $19,139,000. Sanctuary Advisors LLC owned approximately 0.06% of Devon Energy as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Triad Wealth Partners LLC purchased a new stake in Devon Energy during the 2nd quarter worth approximately $27,000. Tradewinds Capital Management LLC purchased a new stake in shares of Devon Energy during the first quarter worth approximately $30,000. Jones Financial Companies Lllp raised its stake in Devon Energy by 104.8% in the 4th quarter. Jones Financial Companies Lllp now owns 731 shares of the energy company's stock valued at $33,000 after purchasing an additional 374 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in Devon Energy in the 2nd quarter valued at $34,000. Finally, PSI Advisors LLC boosted its stake in Devon Energy by 66.7% during the 2nd quarter. PSI Advisors LLC now owns 750 shares of the energy company's stock worth $36,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 69.72% of the company's stock.
NYSE DVN opened at $40.50 on Thursday. The firm's fifty day moving average is $42.83 and its two-hundred day moving average is $46.90. Devon Energy Co. has a one year low of $37.76 and a one year high of $55.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.11. The firm has a market cap of $25.60 billion, a PE ratio of 7.73, a P/E/G ratio of 1.22 and a beta of 2.02.
Devon Energy (NYSE:DVN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.15. The company had revenue of $3.92 billion for the quarter, compared to analysts' expectations of $3.90 billion. Devon Energy had a net margin of 22.60% and a return on equity of 29.14%. Devon Energy's revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.18 EPS. Analysts expect that Devon Energy Co. will post 5.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.17%. Devon Energy's dividend payout ratio (DPR) is presently 16.79%.
Several brokerages have recently weighed in on DVN. Evercore ISI lowered their target price on Devon Energy from $55.00 to $50.00 and set an "in-line" rating on the stock in a report on Monday. Piper Sandler dropped their target price on Devon Energy from $65.00 to $57.00 and set an "overweight" rating for the company in a report on Thursday, August 15th. BMO Capital Markets upgraded Devon Energy to a "strong-buy" rating in a report on Wednesday, July 3rd. Scotiabank dropped their price objective on shares of Devon Energy from $67.00 to $60.00 and set a "sector outperform" rating for the company in a report on Friday, July 12th. Finally, Sanford C. Bernstein reduced their target price on shares of Devon Energy from $48.00 to $43.00 and set a "market perform" rating on the stock in a research note on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $55.41.
Get Our Latest Stock Report on 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.
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