5,989 Shares in Devon Energy Co. (NYSE:DVN) Acquired by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC purchased a new stake in Devon Energy Co. (NYSE:DVN) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 5,989 shares of the energy company’s stock, valued at approximately $234,000.

Other institutional investors also recently bought and sold shares of the company. Triad Wealth Partners LLC acquired a new position in Devon Energy in the 2nd quarter valued at $27,000. 1620 Investment Advisors Inc. acquired a new position in Devon Energy in the 2nd quarter valued at $34,000. Capital Performance Advisors LLP acquired a new position in Devon Energy in the 3rd quarter valued at $35,000. PSI Advisors LLC increased its holdings in shares of Devon Energy by 66.7% during the 2nd quarter. PSI Advisors LLC now owns 750 shares of the energy company’s stock worth $36,000 after buying an additional 300 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Devon Energy during the 1st quarter worth $39,000. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DVN has been the subject of a number of research analyst reports. UBS Group dropped their price objective on Devon Energy from $53.00 to $47.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. TD Cowen decreased their price target on shares of Devon Energy from $54.00 to $46.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Scotiabank decreased their price target on shares of Devon Energy from $60.00 to $48.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Piper Sandler decreased their price target on shares of Devon Energy from $57.00 to $56.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Finally, Truist Financial cut shares of Devon Energy from a “buy” rating to a “hold” rating and decreased their price target for the stock from $49.00 to $43.00 in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.80.

Devon Energy Stock Performance

Shares of DVN stock opened at $38.96 on Tuesday. Devon Energy Co. has a 12-month low of $37.76 and a 12-month high of $55.09. The firm has a market capitalization of $25.59 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 1.21 and a beta of 2.03. The business has a 50 day simple moving average of $40.36 and a 200 day simple moving average of $44.69. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.03.

Devon Energy (NYSE:DVN) last issued its quarterly earnings results on Tuesday, November 5th. The energy company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.72 billion. Devon Energy had a return on equity of 24.73% and a net margin of 21.71%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $1.65 EPS. On average, equities research analysts anticipate that Devon Energy Co. will post 4.89 EPS for the current year.

Devon Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, December 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.26%. Devon Energy’s dividend payout ratio (DPR) is presently 16.33%.

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.