24,461 Shares in Devon Energy Co. (NYSE:DVN) Bought by Kieckhefer Group LLC

Kieckhefer Group LLC bought a new position in Devon Energy Co. (NYSE:DVN) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 24,461 shares of the energy company’s stock, valued at approximately $801,000. Devon Energy accounts for about 0.5% of Kieckhefer Group LLC’s holdings, making the stock its 23rd biggest holding.

Several other institutional investors also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new position in Devon Energy during the 3rd quarter valued at approximately $35,000. Future Financial Wealth Managment LLC purchased a new position in Devon Energy in the third quarter worth about $39,000. True Wealth Design LLC grew its holdings in shares of Devon Energy by 3,889.3% during the third quarter. True Wealth Design LLC now owns 1,117 shares of the energy company’s stock valued at $44,000 after buying an additional 1,089 shares during the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Devon Energy by 29.8% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company’s stock valued at $49,000 after acquiring an additional 290 shares in the last quarter. Finally, Activest Wealth Management raised its stake in shares of Devon Energy by 60.4% in the third quarter. Activest Wealth Management now owns 1,275 shares of the energy company’s stock worth $50,000 after purchasing an additional 480 shares during the last quarter. 69.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Raymond James reduced their price target on shares of Devon Energy from $58.00 to $51.00 in a research note on Tuesday, November 5th. StockNews.com raised Devon Energy from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Evercore ISI dropped their target price on Devon Energy from $55.00 to $50.00 and set an “in-line” rating on the stock in a research report on Monday, September 30th. UBS Group decreased their target price on Devon Energy from $53.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. Finally, TD Cowen dropped their price objective on Devon Energy from $54.00 to $46.00 and set a “hold” rating for the company in a research note on Tuesday, November 5th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $49.43.

Devon Energy Stock Up 2.3 %

Shares of DVN stock traded up $0.82 during trading hours on Monday, reaching $36.81. 5,127,353 shares of the company’s stock were exchanged, compared to its average volume of 10,332,606. The stock’s fifty day moving average price is $35.62 and its two-hundred day moving average price is $40.56. The stock has a market cap of $24.18 billion, a PE ratio of 6.83, a PEG ratio of 1.07 and a beta of 1.99. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. Devon Energy Co. has a 1 year low of $30.39 and a 1 year high of $55.09.

Devon Energy (NYSE:DVN) last released its earnings results on Tuesday, November 5th. The energy company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.01. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.72 billion. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 earnings per share. Research analysts predict that Devon Energy Co. will post 4.79 EPS for the current year.

Devon Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.39%. Devon Energy’s payout ratio is 16.33%.

Devon Energy Company 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.