Thoma Capital Management LLC Invests $530,000 in Devon Energy Co. (NYSE:DVN)

Thoma Capital Management LLC purchased a new position in shares of Devon Energy Co. (NYSE:DVN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 16,196 shares of the energy company's stock, valued at approximately $530,000.

Several other large investors also recently added to or reduced their stakes in DVN. Wealth Enhancement Advisory Services LLC lifted its holdings in Devon Energy by 112.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,026,396 shares of the energy company's stock valued at $99,054,000 after purchasing an additional 1,598,579 shares during the last quarter. PKO Investment Management Joint Stock Co purchased a new stake in shares of Devon Energy during the 4th quarter valued at approximately $742,000. Alpha Wealth Funds LLC purchased a new stake in shares of Devon Energy during the 4th quarter valued at approximately $1,290,000. Siemens Fonds Invest GmbH bought a new position in Devon Energy in the 4th quarter worth approximately $187,000. Finally, Total Wealth Planning & Management Inc. purchased a new position in Devon Energy in the 4th quarter valued at approximately $273,000. Hedge funds and other institutional investors own 69.72% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Raymond James set a $40.00 target price on Devon Energy in a research report on Monday, April 21st. Bank of America decreased their price objective on Devon Energy from $52.00 to $42.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Scotiabank cut their target price on Devon Energy from $45.00 to $35.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Benchmark reaffirmed a "buy" rating and set a $44.00 target price on shares of Devon Energy in a report on Thursday, February 20th. Finally, UBS Group lowered their price target on shares of Devon Energy from $41.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $43.71.

Devon Energy Price Performance

DVN stock traded down $0.83 during mid-day trading on Friday, hitting $30.28. 18,138,161 shares of the stock were exchanged, compared to its average volume of 8,676,989. The business has a fifty day moving average price of $31.65 and a 200 day moving average price of $33.98. Devon Energy Co. has a 12 month low of $25.89 and a 12 month high of $49.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.01. The stock has a market capitalization of $19.44 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 1.20 and a beta of 1.00.

Devon Energy (NYSE:DVN - Get Free Report) last released its earnings results on Tuesday, May 6th. The energy company reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $1.27 by ($0.06). The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.31 billion. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. The business's quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 EPS. On average, sell-side analysts anticipate that Devon Energy Co. will post 4.85 EPS for the current 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 of this dividend 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 21.87%.

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.