Devon Energy Co. (NYSE:DVN) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in Devon Energy Co. (NYSE:DVN) by 0.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 74,895 shares of the energy company’s stock after selling 315 shares during the quarter. State of Alaska Department of Revenue’s holdings in Devon Energy were worth $2,451,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of DVN. Capital Performance Advisors LLP acquired a new position in Devon Energy in the 3rd quarter valued at $35,000. True Wealth Design LLC increased its stake in Devon Energy by 3,889.3% in the 3rd quarter. True Wealth Design LLC now owns 1,117 shares of the energy company’s stock valued at $44,000 after buying an additional 1,089 shares during the period. Hazlett Burt & Watson Inc. increased its stake in Devon Energy by 29.8% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company’s stock valued at $49,000 after buying an additional 290 shares during the period. Activest Wealth Management increased its stake in Devon Energy by 60.4% in the 3rd quarter. Activest Wealth Management now owns 1,275 shares of the energy company’s stock valued at $50,000 after buying an additional 480 shares during the period. Finally, Endeavor Private Wealth Inc. acquired a new position in Devon Energy in the 4th quarter valued at $52,000. 69.72% of the stock is owned by institutional investors and hedge funds.

Devon Energy Trading Up 3.3 %

NYSE DVN opened at $34.24 on Tuesday. Devon Energy Co. has a 12 month low of $30.39 and a 12 month high of $55.09. The company has a 50-day moving average of $34.41 and a 200-day moving average of $38.87. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.01. The company has a market cap of $22.49 billion, a P/E ratio of 6.35, a P/E/G ratio of 1.04 and a beta of 1.98.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DVN. Mizuho dropped their price objective on shares of Devon Energy from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Benchmark upgraded shares of Devon Energy from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, January 14th. Wolfe Research upgraded shares of Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. lowered shares of Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research report on Thursday, December 5th. Finally, Citigroup decreased their target price on shares of Devon Energy from $55.00 to $48.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.45.

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.