Devon Energy Co. (NYSE:DVN) Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK decreased its holdings in shares of Devon Energy Co. (NYSE:DVN) by 97.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,316 shares of the energy company’s stock after selling 790,995 shares during the period. Capital Advisors Inc. OK’s holdings in Devon Energy were worth $796,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DVN. Legacy Investment Solutions LLC acquired a new position in Devon Energy in the 3rd quarter valued at $8,002,000. Bridgewater Associates LP acquired a new stake in shares of Devon Energy in the 3rd quarter worth $9,426,000. Petrus Trust Company LTA boosted its holdings in shares of Devon Energy by 394.7% in the third quarter. Petrus Trust Company LTA now owns 21,827 shares of the energy company’s stock valued at $854,000 after acquiring an additional 17,415 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Devon Energy by 6.3% during the third quarter. CIBC Asset Management Inc now owns 107,182 shares of the energy company’s stock worth $4,193,000 after acquiring an additional 6,358 shares during the period. Finally, Smead Capital Management Inc. raised its holdings in Devon Energy by 3.5% during the third quarter. Smead Capital Management Inc. now owns 5,879,516 shares of the energy company’s stock worth $230,007,000 after purchasing an additional 198,193 shares in the last quarter. Hedge funds and other institutional investors own 69.72% of the company’s stock.

Devon Energy Price Performance

Shares of NYSE:DVN opened at $33.95 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.11. The business’s fifty day moving average price is $34.31 and its two-hundred day moving average price is $38.75. The stock has a market cap of $22.30 billion, a PE ratio of 6.30, a price-to-earnings-growth ratio of 1.04 and a beta of 1.98. Devon Energy Co. has a one year low of $30.39 and a one year high of $55.09.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DVN. Benchmark raised Devon Energy from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Tuesday, January 14th. Wolfe Research upgraded Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Friday, January 3rd. Raymond James increased their price objective on Devon Energy from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Citigroup decreased their target price on shares of Devon Energy from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Finally, TD Cowen cut their price target on shares of Devon Energy from $54.00 to $46.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.45.

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.