1 week Ago By ABMN Staff
StockNews.com upgraded shares of Devon Energy ( NYSE:DVN – Free Report ) from a sell rating to a hold rating in a research report report published on Friday. A number of other equities analysts also recently issued reports on DVN.
Morgan Stanley lowered their price target on Devon Energy from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, September 16th.
JPMorgan Chase & Co. cut shares of Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 target price for the company.
in a report on Thursday, December 5th. BMO Capital Markets cut their price target on shares of Devon Energy from $52.00 to $48.
00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Scotiabank decreased their price objective on shares of Devon Energy from $60.00 to $48.
00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, Susquehanna dropped their price objective on Devon Energy from $63.00 to $62.
00 and set a “positive” rating on the stock in a report on Friday, October 18th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.
81. Read Our Latest Research Report on DVN Devon Energy Trading Up 1.6 % Devon Energy ( NYSE:DVN – Get Free Report ) last posted its quarterly earnings results on Tuesday, November 5th.
The energy company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.
01. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.
72 billion. Devon Energy had a return on equity of 24.73% and a net margin of 21.
71%. Devon Energy’s quarterly revenue was up 4.9% on a year-over-year basis.
During the same period last year, the firm earned $1.65 earnings per share. Equities analysts predict that Devon Energy will post 4.
79 earnings per share for the current fiscal year. Devon Energy Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a dividend of $0.
22 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.
88 annualized dividend and a yield of 2.59%. Devon Energy’s dividend payout ratio is currently 16.
33%. Institutional Trading of Devon Energy Several hedge funds have recently modified their holdings of DVN. EnCap Energy Capital Fund XI L.
P. purchased a new position in shares of Devon Energy in the 3rd quarter valued at about $461,857,000. EnCap Partners GP LLC acquired a new position in Devon Energy during the third quarter worth about $408,653,000.
EnCap Energy Capital Fund X L.P. purchased a new position in Devon Energy in the third quarter valued at about $230,928,000.
International Assets Investment Management LLC lifted its position in shares of Devon Energy by 4,125.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,280,961 shares of the energy company’s stock valued at $89,231,000 after acquiring an additional 2,226,983 shares during the period.
Finally, Pacer Advisors Inc. boosted its stake in shares of Devon Energy by 16.9% during the 3rd quarter.
Pacer Advisors Inc. now owns 11,591,168 shares of the energy company’s stock worth $453,446,000 after acquiring an additional 1,677,652 shares in the last quarter. 69.
72% of the stock is owned by institutional investors and hedge funds. About Devon Energy ( Get Free Report ) 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. See Also 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 .
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