Devon Energy Corp (NYSE:DVN) CAO Jeremy D. Humphers Sells 1,500 Shares

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Devon Energy Corp (NYSE:DVN) CAO Jeremy D. Humphers sold 1,500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $22.01, for a total transaction of $33,015.00. Following the completion of the transaction, the chief accounting officer now owns 43,975 shares of the company’s stock, valued at approximately $967,889.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Devon Energy stock traded up $0.98 during midday trading on Wednesday, hitting $22.39. The company had a trading volume of 6,375,227 shares, compared to its average volume of 7,071,133. The business’s 50 day simple moving average is $21.71 and its two-hundred day simple moving average is $24.50. The stock has a market cap of $8.41 billion, a PE ratio of 17.36, a P/E/G ratio of 1.83 and a beta of 2.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.72 and a quick ratio of 1.72. Devon Energy Corp has a 1-year low of $19.72 and a 1-year high of $35.39.

Devon Energy (NYSE:DVN) last announced its quarterly earnings data on Tuesday, November 5th. The energy company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.10. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.57 billion. Devon Energy had a net margin of 16.00% and a return on equity of 6.37%. During the same quarter last year, the company posted $0.63 earnings per share. On average, sell-side analysts expect that Devon Energy Corp will post 1.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.36 annualized dividend and a yield of 1.61%. Devon Energy’s dividend payout ratio (DPR) is currently 27.91%.

A number of equities analysts recently issued reports on the stock. Citigroup decreased their target price on shares of Devon Energy from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Morgan Stanley cut their price target on shares of Devon Energy from $30.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, October 4th. Mitsubishi UFJ Financial Group upped their price target on shares of Devon Energy to $36.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. MKM Partners set a $32.00 price target on shares of Devon Energy and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Guggenheim set a $35.00 price target on shares of Devon Energy and gave the company a “buy” rating in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.32.

A number of hedge funds have recently modified their holdings of the stock. Maverick Capital Ltd. bought a new position in Devon Energy in the third quarter worth $5,402,000. Millennium Management LLC lifted its position in Devon Energy by 632.1% in the third quarter. Millennium Management LLC now owns 1,430,430 shares of the energy company’s stock worth $34,416,000 after purchasing an additional 1,235,046 shares during the period. Man Group plc lifted its position in Devon Energy by 11.8% in the third quarter. Man Group plc now owns 3,174,452 shares of the energy company’s stock worth $76,377,000 after purchasing an additional 334,804 shares during the period. Squarepoint Ops LLC bought a new position in Devon Energy in the third quarter worth $16,883,000. Finally, Worldquant Millennium Advisors LLC lifted its position in Devon Energy by 21.6% in the third quarter. Worldquant Millennium Advisors LLC now owns 992,365 shares of the energy company’s stock worth $23,876,000 after purchasing an additional 176,488 shares during the period. 87.82% of the stock is owned by hedge funds and other institutional investors.

Devon Energy Company Profile

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. It operates approximately 12,900 gross wells. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.

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