Autumn Glory Partners LLC Has $1.55 Million Holdings in Devon Energy Corporation (NYSE:DVN)

Autumn Glory Partners LLC lifted its stake in shares of Devon Energy Corporation (NYSE:DVN - Free Report) by 93.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,368 shares of the energy company's stock after purchasing an additional 20,000 shares during the period. Autumn Glory Partners LLC's holdings in Devon Energy were worth $1,547,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hurley Capital LLC bought a new stake in Devon Energy during the fourth quarter valued at $26,000. Accredited Wealth Management LLC acquired a new position in shares of Devon Energy in the 4th quarter valued at about $28,000. Rakuten Securities Inc. boosted its holdings in shares of Devon Energy by 94.6% in the 1st quarter. Rakuten Securities Inc. now owns 833 shares of the energy company's stock valued at $31,000 after buying an additional 405 shares during the period. Cromwell Holdings LLC grew its position in shares of Devon Energy by 98.0% during the 4th quarter. Cromwell Holdings LLC now owns 1,208 shares of the energy company's stock valued at $40,000 after buying an additional 598 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its stake in Devon Energy by 46.7% during the first quarter. Salem Investment Counselors Inc. now owns 1,257 shares of the energy company's stock worth $47,000 after acquiring an additional 400 shares during the period. Institutional investors own 69.72% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on DVN. Morgan Stanley lifted their target price on Devon Energy from $42.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Wells Fargo & Company lowered their price objective on Devon Energy from $46.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, June 16th. Raymond James Financial set a $40.00 target price on Devon Energy in a research report on Monday, April 21st. Scotiabank dropped their target price on Devon Energy from $45.00 to $35.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Barclays upped their price target on shares of Devon Energy from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Devon Energy currently has an average rating of "Moderate Buy" and a consensus price target of $43.50.

Devon Energy Price Performance

Devon Energy stock traded up $0.21 during midday trading on Friday, hitting $34.25. The company's stock had a trading volume of 14,983,947 shares, compared to its average volume of 8,798,081. Devon Energy Corporation has a 12 month low of $25.89 and a 12 month high of $49.35. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $21.99 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 2.56 and a beta of 1.02. The stock's 50-day moving average price is $31.91 and its 200-day moving average price is $33.51.

Devon Energy (NYSE:DVN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The energy company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.06). Devon Energy had a net margin of 16.60% and a return on equity of 21.90%. The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter last year, the business posted $1.16 EPS. The business's revenue for the quarter was up 23.8% on a year-over-year basis. Analysts anticipate that Devon Energy Corporation will post 4.85 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.96 annualized dividend and a yield of 2.80%. Devon Energy's dividend payout ratio (DPR) is 21.87%.

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.