Fuller & Thaler Asset Management Inc. Has $340.24 Million Position in Devon Energy Co. (NYSE:DVN)

Fuller & Thaler Asset Management Inc. increased its holdings in Devon Energy Co. (NYSE:DVN - Free Report) by 42.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,395,225 shares of the energy company's stock after buying an additional 3,114,656 shares during the period. Devon Energy accounts for 1.3% of Fuller & Thaler Asset Management Inc.'s investment portfolio, making the stock its 7th biggest position. Fuller & Thaler Asset Management Inc. owned approximately 1.58% of Devon Energy worth $340,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DVN. Vanguard Group Inc. boosted its holdings in shares of Devon Energy by 7.3% in the 4th quarter. Vanguard Group Inc. now owns 80,682,170 shares of the energy company's stock worth $2,640,727,000 after purchasing an additional 5,465,692 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Devon Energy by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 16,931,275 shares of the energy company's stock worth $552,830,000 after purchasing an additional 1,038,305 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Devon Energy by 2.3% in the 4th quarter. Victory Capital Management Inc. now owns 10,203,812 shares of the energy company's stock worth $333,971,000 after purchasing an additional 232,469 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Devon Energy by 32.8% in the 4th quarter. Invesco Ltd. now owns 9,461,719 shares of the energy company's stock worth $309,682,000 after purchasing an additional 2,335,473 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Devon Energy by 10.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 5,694,373 shares of the energy company's stock worth $186,714,000 after purchasing an additional 554,219 shares in the last quarter. 69.72% of the stock is owned by institutional investors.

Devon Energy Stock Down 0.3 %

Shares of NYSE:DVN traded down $0.10 during trading on Friday, hitting $31.37. The stock had a trading volume of 5,180,719 shares, compared to its average volume of 8,524,603. Devon Energy Co. has a 12 month low of $25.89 and a 12 month high of $53.20. The company has a market capitalization of $20.36 billion, a PE ratio of 6.88, a PEG ratio of 1.20 and a beta of 1.50. The firm's fifty day moving average is $33.56 and its 200 day moving average is $35.36. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.57.

Devon Energy (NYSE:DVN - Get Free Report) last announced its earnings results on Tuesday, February 18th. The energy company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.16. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.25 billion. Analysts anticipate that Devon Energy Co. will post 4.85 EPS for the current fiscal year.

Devon Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 3.06%. This is an increase from Devon Energy's previous quarterly dividend of $0.22. Devon Energy's dividend payout ratio is presently 21.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wolfe Research upgraded Devon Energy from a "peer perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a report on Friday, January 3rd. Raymond James set a $40.00 target price on Devon Energy in a report on Monday, April 21st. StockNews.com upgraded Devon Energy from a "sell" rating to a "hold" rating in a report on Friday, January 3rd. Royal Bank of Canada dropped their target price on Devon Energy from $49.00 to $40.00 and set a "sector perform" rating for the company in a report on Monday, April 14th. Finally, Piper Sandler dropped their target price on Devon Energy from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $44.83.

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.