Lindenwold Advisors INC Has $1.05 Million Stock Holdings in Devon Energy Co. (NYSE:DVN)

Lindenwold Advisors INC boosted its position in shares of Devon Energy Co. (NYSE:DVN) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,730 shares of the energy company’s stock after purchasing an additional 422 shares during the period. Lindenwold Advisors INC’s holdings in Devon Energy were worth $1,046,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aviso Wealth Management acquired a new stake in shares of Devon Energy during the 3rd quarter valued at about $560,000. Quest Partners LLC lifted its stake in Devon Energy by 16.0% in the third quarter. Quest Partners LLC now owns 67,022 shares of the energy company’s stock valued at $2,622,000 after acquiring an additional 9,234 shares during the last quarter. TrinityPoint Wealth LLC lifted its stake in Devon Energy by 40.5% in the third quarter. TrinityPoint Wealth LLC now owns 63,966 shares of the energy company’s stock valued at $2,502,000 after acquiring an additional 18,431 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Devon Energy by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,140,154 shares of the energy company’s stock worth $201,084,000 after purchasing an additional 46,137 shares during the last quarter. Finally, Concord Asset Management LLC VA increased its stake in shares of Devon Energy by 5.0% during the 3rd quarter. Concord Asset Management LLC VA now owns 9,861 shares of the energy company’s stock worth $386,000 after purchasing an additional 473 shares during the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Trading Up 0.8 %

Devon Energy stock opened at $38.77 on Tuesday. Devon Energy Co. has a 12 month low of $37.76 and a 12 month high of $55.09. The stock has a market cap of $25.47 billion, a price-to-earnings ratio of 7.19, a price-to-earnings-growth ratio of 1.20 and a beta of 2.03. The business has a 50 day moving average price of $40.04 and a two-hundred day moving average price of $44.24. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61.

Devon Energy (NYSE:DVN) last issued its earnings results on Tuesday, November 5th. The energy company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.09 by $0.01. The firm had revenue of $4.02 billion during 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% compared to the same quarter last year. During the same period last year, the business earned $1.65 earnings per share. As a group, equities analysts forecast that Devon Energy Co. will post 4.84 EPS for the current year.

Devon Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, December 13th. This represents a $0.88 annualized dividend and a dividend yield of 2.27%. Devon Energy’s dividend payout ratio (DPR) is currently 16.33%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DVN shares. Mizuho decreased their price objective on shares of Devon Energy from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. UBS Group decreased their price target on Devon Energy from $53.00 to $47.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Scotiabank cut their price objective on Devon Energy from $60.00 to $48.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Barclays decreased their target price on Devon Energy from $55.00 to $46.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Finally, Benchmark reissued a “hold” rating on shares of Devon Energy in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Devon Energy presently has a consensus rating of “Hold” and an average target price of $51.85.

Devon Energy Profile

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.