Hedeker Wealth LLC boosted its holdings in shares of Devon Energy Corp (NYSE:DVN) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,082 shares of the energy company’s stock after purchasing an additional 1,467 shares during the period. Hedeker Wealth LLC’s holdings in Devon Energy were worth $955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of DVN. Alyeska Investment Group L.P. lifted its position in Devon Energy by 4,117.5% during the third quarter. Alyeska Investment Group L.P. now owns 1,835,864 shares of the energy company’s stock valued at $67,395,000 after purchasing an additional 1,792,334 shares during the period. Victory Capital Management Inc. raised its position in shares of Devon Energy 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 acquiring an additional 988,090 shares during the period. Scout Investments Inc. acquired a new position in shares of Devon Energy in the third quarter worth about $32,652,000. Dimensional Fund Advisors LP raised its position in shares of Devon Energy by 65.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,546,068 shares of the energy company’s stock worth $56,751,000 after acquiring an additional 610,468 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Devon Energy by 301.0% in the fourth quarter. Bank of Montreal Can now owns 744,419 shares of the energy company’s stock worth $30,819,000 after acquiring an additional 558,772 shares during the period. Institutional investors own 77.75% of the company’s stock.

In related news, EVP Lyndon C. Taylor sold 12,798 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.29, for a total transaction of $490,035.42. Following the completion of the sale, the executive vice president now owns 67,900 shares of the company’s stock, valued at approximately $2,599,891. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.51% of the stock is currently owned by corporate insiders.

Shares of Devon Energy Corp (DVN) opened at $38.38 on Wednesday. Devon Energy Corp has a one year low of $28.79 and a one year high of $47.25. The stock has a market cap of $20,291.25, a PE ratio of 13.10, a P/E/G ratio of 1.90 and a beta of 2.10. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.63 and a current ratio of 1.63.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.24 annualized dividend and a yield of 0.63%. Devon Energy’s dividend payout ratio is presently 8.19%.

A number of research analysts have weighed in on the stock. B. Riley assumed coverage on shares of Devon Energy in a research report on Monday. They issued a “neutral” rating and a $50.00 price objective for the company. KLR Group downgraded shares of Devon Energy from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Devon Energy from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective for the company in a research report on Friday, February 2nd. Stifel Nicolaus set a $68.00 price objective on shares of Devon Energy and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Capital One Financial downgraded shares of Devon Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.72.

TRADEMARK VIOLATION NOTICE: “Hedeker Wealth LLC Boosts Position in Devon Energy Corp (DVN)” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.watchlistnews.com/hedeker-wealth-llc-boosts-position-in-devon-energy-corp-dvn/1850970.html.

Devon Energy Company 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).

Want to see what other hedge funds are holding DVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Devon Energy Corp (NYSE:DVN).

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

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.