Devon Energy Co. (NYSE:DVN) Holdings Lifted by Bard Financial Services Inc.

Bard Financial Services Inc. raised its position in shares of Devon Energy Co. (NYSE:DVN - Free Report) by 39.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,750 shares of the energy company's stock after buying an additional 8,100 shares during the quarter. Bard Financial Services Inc.'s holdings in Devon Energy were worth $1,075,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of DVN. Vanguard Group Inc. increased 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 valued at $2,640,727,000 after acquiring an additional 5,465,692 shares during the last quarter. Geode Capital Management LLC increased its stake in Devon Energy by 6.5% during 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 purchasing an additional 1,038,305 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Devon Energy by 42.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 10,395,225 shares of the energy company's stock worth $340,236,000 after purchasing an additional 3,114,656 shares during the period. Victory Capital Management Inc. lifted its position 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 buying an additional 232,469 shares during the last quarter. Finally, 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 valued at $309,682,000 after buying an additional 2,335,473 shares during the period. Institutional investors own 69.72% of the company's stock.

Devon Energy Price Performance

Shares of NYSE DVN traded down $0.24 during trading on Thursday, hitting $34.23. The company had a trading volume of 3,572,710 shares, compared to its average volume of 8,676,910. The company has a market cap of $21.98 billion, a P/E ratio of 7.51, a PEG ratio of 1.20 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04. The business's 50-day moving average is $31.10 and its 200 day moving average is $33.70. Devon Energy Co. has a 52 week low of $25.89 and a 52 week high of $49.35.

Devon Energy (NYSE:DVN - Get Free Report) last announced 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 company had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. During the same period in the prior year, the company earned $1.16 earnings per share. The company's revenue for the quarter was up 23.8% on a year-over-year basis. Equities research analysts predict that Devon Energy Co. will post 4.85 earnings per share for the current fiscal year.

Devon Energy Announces Dividend

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

Analyst Ratings Changes

DVN has been the topic of a number of recent research reports. Williams Trading set a $50.00 target price on shares of Devon Energy in a report on Wednesday, March 5th. Royal Bank of Canada cut their price target on Devon Energy from $49.00 to $40.00 and set a "sector perform" rating on the stock in a report on Monday, April 14th. Mizuho lowered their price objective on Devon Energy from $46.00 to $43.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Truist Financial raised their target price on Devon Energy from $42.00 to $44.00 and gave the company a "hold" rating in a research note on Thursday, February 20th. Finally, Barclays lifted their price objective on shares of Devon Energy from $38.00 to $40.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.71.

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.