Universal Beteiligungs und Servicegesellschaft mbH Takes $7.80 Million Position in Devon Energy Co. (NYSE:DVN)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Devon Energy Co. (NYSE:DVN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 238,172 shares of the energy company's stock, valued at approximately $7,795,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hurley Capital LLC acquired a new stake in shares of Devon Energy during the 4th quarter worth $26,000. Accredited Wealth Management LLC acquired a new position in shares of Devon Energy in the 4th quarter valued at approximately $28,000. Cromwell Holdings LLC grew its holdings in Devon Energy by 98.0% during the 4th quarter. Cromwell Holdings LLC now owns 1,208 shares of the energy company's stock worth $40,000 after acquiring an additional 598 shares in the last quarter. Sierra Ocean LLC bought a new stake in Devon Energy in the fourth quarter valued at about $43,000. Finally, Thompson Investment Management Inc. lifted its stake in Devon Energy by 60.0% during the fourth quarter. Thompson Investment Management Inc. now owns 1,600 shares of the energy company's stock worth $52,000 after purchasing an additional 600 shares during the last quarter. 69.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on DVN. Williams Trading set a $50.00 target price on Devon Energy in a research report on Wednesday, March 5th. Royal Bank of Canada cut their target price on shares of Devon Energy from $49.00 to $40.00 and set a "sector perform" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company boosted their price objective on shares of Devon Energy from $44.00 to $46.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Mizuho reduced their target price on shares of Devon Energy from $46.00 to $43.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. lowered their price target on Devon Energy from $48.00 to $42.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Devon Energy presently has an average rating of "Moderate Buy" and an average target price of $43.71.

Devon Energy Stock Down 1.3%

Shares of NYSE DVN traded down $0.43 during mid-day trading on Wednesday, hitting $31.58. 8,116,212 shares of the stock traded hands, compared to its average volume of 8,678,953. 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 company has a market cap of $20.28 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 1.20 and a beta of 1.02. The stock has a fifty day moving average price of $31.32 and a 200-day moving average price of $33.90. 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 issued 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). Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. 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 firm posted $1.16 EPS. Devon Energy's quarterly revenue was up 23.8% compared to the same quarter last year. Research analysts anticipate that Devon Energy Co. will post 4.85 EPS for the current 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 paid 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 3.04%. Devon Energy's payout ratio is 21.87%.

About Devon Energy

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.