Devon Energy Corporation (NYSE:DVN) EVP Lyndon C. Taylor sold 12,798 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.29, for a total transaction of $490,035.42. Following the completion of the sale, the executive vice president now owns 67,900 shares of the company’s stock, valued at approximately $2,599,891. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Devon Energy Corporation (NYSE DVN) opened at $38.70 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.87. Devon Energy Corporation has a twelve month low of $28.79 and a twelve month high of $49.45. The firm has a market cap of $19,981.50, a PE ratio of 26.07, a price-to-earnings-growth ratio of 1.19 and a beta of 2.21.
Devon Energy (NYSE:DVN) last posted its earnings results on Tuesday, October 31st. The energy company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.07. Devon Energy had a net margin of 11.62% and a return on equity of 6.88%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm posted $1.89 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. equities research analysts anticipate that Devon Energy Corporation will post 1.78 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Stifel Nicolaus restated a “buy” rating and issued a $67.00 target price on shares of Devon Energy in a research note on Sunday, September 3rd. Citigroup reiterated a “buy” rating and issued a $44.00 price objective on shares of Devon Energy in a research note on Tuesday, November 28th. BMO Capital Markets set a $45.00 price objective on shares of Devon Energy and gave the company a “buy” rating in a research note on Tuesday, October 10th. Seaport Global Securities upgraded shares of Devon Energy from a “neutral” rating to a “buy” rating in a research note on Tuesday. Finally, Jefferies Group upgraded shares of Devon Energy from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.39.
A number of large investors have recently bought and sold shares of the business. Point View Wealth Management Inc. increased its holdings in Devon Energy by 1.2% during the 2nd quarter. Point View Wealth Management Inc. now owns 8,334 shares of the energy company’s stock valued at $266,000 after acquiring an additional 95 shares in the last quarter. Sterneck Capital Management LLC increased its holdings in Devon Energy by 4.5% during the 2nd quarter. Sterneck Capital Management LLC now owns 6,518 shares of the energy company’s stock valued at $208,000 after acquiring an additional 283 shares in the last quarter. Nippon Life Insurance Co. grew its holdings in shares of Devon Energy by 1.2% during the second quarter. Nippon Life Insurance Co. now owns 25,656 shares of the energy company’s stock worth $820,000 after buying an additional 307 shares in the last quarter. Utah Retirement Systems grew its holdings in shares of Devon Energy by 0.5% during the second quarter. Utah Retirement Systems now owns 96,170 shares of the energy company’s stock worth $3,074,000 after buying an additional 500 shares in the last quarter. Finally, Global X Management Co. LLC grew its holdings in shares of Devon Energy by 12.5% during the second quarter. Global X Management Co. LLC now owns 4,539 shares of the energy company’s stock worth $145,000 after buying an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 77.43% of the company’s stock.
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About Devon Energy
Devon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company’s segments include U.S., Canada and EnLink. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs).
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