First Eagle Investment Management LLC lifted its stake in Devon Energy Corporation (NYSE:DVN) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,887,600 shares of the energy company’s stock after buying an additional 88,950 shares during the period. First Eagle Investment Management LLC owned approximately 0.93% of Devon Energy Corporation worth $179,424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Devon Energy Corporation by 3.0% in the second quarter. Vanguard Group Inc. now owns 44,823,163 shares of the energy company’s stock worth $1,432,998,000 after buying an additional 1,295,417 shares during the period. State Street Corp increased its holdings in shares of Devon Energy Corporation by 1.0% in the second quarter. State Street Corp now owns 27,673,118 shares of the energy company’s stock worth $884,702,000 after buying an additional 265,179 shares during the period. Standard Life Investments LTD increased its holdings in shares of Devon Energy Corporation by 1.3% in the second quarter. Standard Life Investments LTD now owns 6,054,868 shares of the energy company’s stock worth $193,604,000 after buying an additional 75,952 shares during the period. Northern Trust Corp increased its holdings in shares of Devon Energy Corporation by 0.3% in the second quarter. Northern Trust Corp now owns 5,955,294 shares of the energy company’s stock worth $190,390,000 after buying an additional 18,861 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Devon Energy Corporation by 21.6% in the third quarter. Victory Capital Management Inc. now owns 5,570,722 shares of the energy company’s stock worth $204,501,000 after buying an additional 988,090 shares during the period. Hedge funds and other institutional investors own 77.27% of the company’s stock.

Shares of Devon Energy Corporation (DVN) opened at $39.28 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.63. Devon Energy Corporation has a 12-month low of $28.79 and a 12-month high of $50.69. The company has a market capitalization of $21,215.25, a P/E ratio of 27.68, a PEG ratio of 1.28 and a beta of 2.22.

Devon Energy Corporation (NYSE:DVN) last issued its quarterly earnings results on Tuesday, October 31st. The energy company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. Devon Energy Corporation had a return on equity of 6.88% and a net margin of 11.62%. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the firm posted $1.89 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. research analysts predict that Devon Energy Corporation will post 1.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.06 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.61%. Devon Energy Corporation’s dividend payout ratio is currently 8.19%.

Several research firms have recently commented on DVN. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price objective on shares of Devon Energy Corporation in a report on Sunday, September 3rd. Barclays PLC reiterated an “overweight” rating and issued a $35.00 price objective (up previously from $31.00) on shares of Devon Energy Corporation in a report on Wednesday, August 9th. BMO Capital Markets set a $45.00 price objective on Devon Energy Corporation and gave the stock a “buy” rating in a report on Tuesday, October 10th. BidaskClub downgraded Devon Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Finally, Cowen and Company reiterated a “buy” rating and issued a $40.00 price objective on shares of Devon Energy Corporation in a report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $45.89.

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Devon Energy Corporation Profile

Devon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company’s segments include U.S., Canada and EnLink. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs).

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

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