Jackson Creek Investment Advisors LLC Has $718,000 Stock Holdings in Devon Energy Corporation (NYSE:DVN)

Jackson Creek Investment Advisors LLC lifted its stake in Devon Energy Corporation (NYSE:DVN - Free Report) by 210.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,186 shares of the energy company's stock after acquiring an additional 12,999 shares during the quarter. Jackson Creek Investment Advisors LLC's holdings in Devon Energy were worth $718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Devon Energy in the 1st quarter valued at about $26,000. Hurley Capital LLC acquired a new position in Devon Energy during the fourth quarter worth approximately $26,000. Rakuten Securities Inc. raised its stake in Devon Energy by 94.6% in the first 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. Accredited Wealth Management LLC acquired a new stake in shares of Devon Energy in the fourth quarter valued at approximately $28,000. Finally, Hughes Financial Services LLC bought a new position in shares of Devon Energy during the 1st quarter worth approximately $38,000. Institutional investors own 69.72% of the company's stock.

Wall Street Analyst Weigh In

DVN has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price objective on shares of Devon Energy from $48.00 to $51.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Wells Fargo & Company lifted their target price on shares of Devon Energy from $41.00 to $42.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. upped their price target on shares of Devon Energy from $40.00 to $42.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Barclays increased their price target on shares of Devon Energy from $38.00 to $40.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. Finally, Raymond James Financial set a $40.00 price objective on shares of Devon Energy in a research report on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.67.

Devon Energy Stock Up 0.2%

Shares of NYSE:DVN opened at $32.84 on Friday. The company has a market capitalization of $21.09 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. Devon Energy Corporation has a 52-week low of $25.89 and a 52-week high of $48.40. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.99 and a current ratio of 1.08. The company has a fifty day moving average of $32.82 and a 200-day moving average of $33.54.

Devon Energy (NYSE:DVN - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The energy company reported $1.21 earnings per share (EPS) 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 firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the company earned $1.16 EPS. The business's quarterly revenue was up 23.8% compared to the same quarter last year. On average, equities analysts predict that Devon Energy Corporation will post 4.85 EPS for the current fiscal year.

Devon Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.24 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a yield of 2.92%. Devon Energy's payout ratio 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.

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