Comprehensive Financial Consultants Institutional Inc. Acquires 3,859 Shares of Devon Energy Co. (NYSE:DVN)

Comprehensive Financial Consultants Institutional Inc. boosted its holdings in Devon Energy Co. (NYSE:DVN) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,682 shares of the energy company’s stock after acquiring an additional 3,859 shares during the quarter. Devon Energy accounts for about 1.1% of Comprehensive Financial Consultants Institutional Inc.’s investment portfolio, making the stock its 29th biggest position. Comprehensive Financial Consultants Institutional Inc.’s holdings in Devon Energy were worth $3,078,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Devon Energy by 3.5% during the first quarter. Vanguard Group Inc. now owns 76,457,056 shares of the energy company’s stock worth $3,836,615,000 after buying an additional 2,559,039 shares during the last quarter. Pacer Advisors Inc. grew its stake in Devon Energy by 16.8% during the second quarter. Pacer Advisors Inc. now owns 9,913,516 shares of the energy company’s stock worth $469,901,000 after buying an additional 1,428,776 shares during the last quarter. Raymond James & Associates grew its stake in Devon Energy by 1.5% during the second quarter. Raymond James & Associates now owns 9,183,778 shares of the energy company’s stock worth $435,311,000 after buying an additional 138,919 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Devon Energy by 16.7% during the second quarter. Dimensional Fund Advisors LP now owns 8,793,217 shares of the energy company’s stock worth $416,779,000 after buying an additional 1,255,543 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Devon Energy by 15.9% during the second quarter. Thrivent Financial for Lutherans now owns 5,094,017 shares of the energy company’s stock worth $241,456,000 after buying an additional 699,743 shares during the last quarter. Institutional investors own 69.72% of the company’s stock.

Devon Energy Trading Down 2.8 %

Shares of NYSE DVN opened at $38.89 on Friday. The company’s 50 day simple moving average is $40.60 and its 200 day simple moving average is $44.99. Devon Energy Co. has a fifty-two week low of $37.76 and a fifty-two week high of $55.09. The firm has a market capitalization of $24.35 billion, a P/E ratio of 7.06, a P/E/G ratio of 1.20 and a beta of 2.03. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 1.03.

Devon Energy (NYSE:DVN) last announced its quarterly earnings data on Tuesday, November 5th. The energy company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.01. Devon Energy had a net margin of 22.60% and a return on equity of 29.14%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business posted $1.65 earnings per share. Devon Energy’s revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that Devon Energy Co. will post 4.93 EPS for the current year.

Devon Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.26%. The ex-dividend date is Friday, December 13th. Devon Energy’s payout ratio is presently 15.97%.

Analyst Ratings Changes

Several brokerages have weighed in on DVN. Mizuho decreased their price objective on shares of Devon Energy from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Raymond James decreased their price objective on shares of Devon Energy from $58.00 to $51.00 in a research note on Tuesday. Evercore ISI reduced their target price on shares of Devon Energy from $55.00 to $50.00 and set an “in-line” rating on the stock in a research report on Monday, September 30th. StockNews.com lowered shares of Devon Energy from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Scotiabank reduced their target price on shares of Devon Energy from $60.00 to $48.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Devon Energy has an average rating of “Moderate Buy” and a consensus price target of $51.80.

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.