Devon Energy Co. (NYSE:DVN) Shares Sold by Visionary Horizons LLC

Visionary Horizons LLC trimmed its position in shares of Devon Energy Co. (NYSE:DVN) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,741 shares of the energy company’s stock after selling 515 shares during the period. Visionary Horizons LLC’s holdings in Devon Energy were worth $548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Czech National Bank increased its position in Devon Energy by 5.9% in the 3rd quarter. Czech National Bank now owns 127,563 shares of the energy company’s stock valued at $4,990,000 after acquiring an additional 7,129 shares during the period. Brookstone Capital Management grew its stake in shares of Devon Energy by 19.2% in the third quarter. Brookstone Capital Management now owns 10,458 shares of the energy company’s stock worth $409,000 after purchasing an additional 1,687 shares in the last quarter. CWM LLC increased its holdings in shares of Devon Energy by 73.4% during the third quarter. CWM LLC now owns 38,969 shares of the energy company’s stock valued at $1,524,000 after purchasing an additional 16,490 shares during the period. Perpetual Ltd bought a new stake in shares of Devon Energy during the third quarter valued at about $240,000. Finally, Foundation Resource Management Inc. lifted its holdings in Devon Energy by 3.8% in the third quarter. Foundation Resource Management Inc. now owns 85,782 shares of the energy company’s stock worth $3,356,000 after purchasing an additional 3,153 shares during the period. Institutional investors own 69.72% of the company’s stock.

Analyst Upgrades and Downgrades

DVN has been the topic of several research analyst reports. Sanford C. Bernstein raised shares of Devon Energy from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Wednesday, January 15th. JPMorgan Chase & Co. lowered shares of Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research note on Thursday, December 5th. Susquehanna cut their target price on Devon Energy from $63.00 to $62.00 and set a “positive” rating for the company in a research report on Friday, October 18th. StockNews.com upgraded Devon Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, Piper Sandler upped their price objective on Devon Energy from $53.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.45.

Devon Energy Trading Down 0.9 %

NYSE DVN opened at $33.13 on Friday. The firm’s 50 day moving average price is $34.47 and its two-hundred day moving average price is $39.00. The stock has a market cap of $21.76 billion, a price-to-earnings ratio of 6.15, a PEG ratio of 1.04 and a beta of 1.98. Devon Energy Co. has a twelve month low of $30.39 and a twelve month high of $55.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.11.

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.