111 Capital Takes $1.62 Million Position in Devon Energy Co. (NYSE:DVN)

111 Capital acquired a new position in Devon Energy Co. (NYSE:DVN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 49,409 shares of the energy company's stock, valued at approximately $1,617,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Devon Energy by 7.3% during 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 during the period. Geode Capital Management LLC lifted its position in Devon Energy by 6.5% in the fourth quarter. Geode Capital Management LLC now owns 16,931,275 shares of the energy company's stock valued at $552,830,000 after buying an additional 1,038,305 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Devon Energy by 42.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 10,395,225 shares of the energy company's stock valued at $340,236,000 after buying an additional 3,114,656 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Devon Energy by 2.3% during the fourth quarter. Victory Capital Management Inc. now owns 10,203,812 shares of the energy company's stock worth $333,971,000 after buying an additional 232,469 shares during the period. Finally, Invesco Ltd. increased its position in shares of Devon Energy by 32.8% during the fourth quarter. Invesco Ltd. now owns 9,461,719 shares of the energy company's stock valued at $309,682,000 after acquiring an additional 2,335,473 shares during the last quarter. Institutional investors and hedge funds own 69.72% of the company's stock.

Devon Energy Stock Down 2.7%

Shares of NYSE:DVN traded down $0.83 during trading hours on Friday, reaching $30.28. The stock had a trading volume of 18,138,161 shares, compared to its average volume of 8,676,989. Devon Energy Co. has a 1 year low of $25.89 and a 1 year high of $49.35. The firm's 50 day moving average is $31.65 and its 200-day moving average is $33.98. The stock has a market capitalization of $19.44 billion, a price-to-earnings ratio of 6.64, a P/E/G ratio of 1.20 and a beta of 1.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04.

Devon Energy (NYSE:DVN - Get Free Report) last posted its earnings results on Tuesday, May 6th. The energy company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.06). Devon Energy had a net margin of 18.14% and a return on equity of 22.52%. The business had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same period last year, the company earned $1.16 EPS. The business's quarterly revenue was up 23.8% compared to the same quarter last year. Research analysts predict that Devon Energy Co. will post 4.85 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.24 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.17%. Devon Energy's payout ratio is currently 21.87%.

Analyst Ratings Changes

Several brokerages have recently commented on DVN. Citigroup decreased their price objective on shares of Devon Energy from $46.00 to $43.00 and set a "buy" rating on the stock in a report on Friday, April 4th. Williams Trading set a $50.00 price target on Devon Energy in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price target on Devon Energy from $48.00 to $42.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Raymond James set a $40.00 price objective on Devon Energy in a research note on Monday, April 21st. Finally, Wall Street Zen raised Devon Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.71.

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.