Devon Energy Corp (NYSE:DVN) Shares Purchased by Nisa Investment Advisors LLC

Share on StockTwits

Nisa Investment Advisors LLC boosted its holdings in Devon Energy Corp (NYSE:DVN) by 27.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 234,063 shares of the energy company’s stock after buying an additional 50,100 shares during the period. Nisa Investment Advisors LLC owned 0.06% of Devon Energy worth $2,654,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. boosted its stake in Devon Energy by 6.5% in the 1st quarter. BlackRock Inc. now owns 31,773,581 shares of the energy company’s stock worth $219,557,000 after buying an additional 1,930,409 shares during the last quarter. Invesco Ltd. boosted its stake in Devon Energy by 14.3% in the 1st quarter. Invesco Ltd. now owns 27,933,596 shares of the energy company’s stock worth $193,021,000 after buying an additional 3,485,907 shares during the last quarter. State Street Corp boosted its stake in Devon Energy by 13.0% in the 1st quarter. State Street Corp now owns 24,499,871 shares of the energy company’s stock worth $169,294,000 after buying an additional 2,811,799 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Devon Energy by 2.1% in the 1st quarter. Victory Capital Management Inc. now owns 8,746,222 shares of the energy company’s stock worth $60,436,000 after buying an additional 179,417 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Devon Energy by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 6,561,730 shares of the energy company’s stock worth $45,259,000 after buying an additional 106,796 shares during the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Devon Energy stock opened at $10.49 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.61 and a current ratio of 2.61. Devon Energy Corp has a one year low of $4.70 and a one year high of $28.42. The stock’s 50 day moving average price is $11.28 and its 200 day moving average price is $13.78. The firm has a market capitalization of $4.01 billion, a PE ratio of 9.12 and a beta of 3.34.

Devon Energy (NYSE:DVN) last posted its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.31. Devon Energy had a positive return on equity of 7.81% and a negative net margin of 24.91%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned $0.36 EPS. Devon Energy’s revenue for the quarter was up 93.4% compared to the same quarter last year. On average, analysts forecast that Devon Energy Corp will post -0.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 14th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, September 11th. This represents a $0.44 annualized dividend and a yield of 4.19%. Devon Energy’s dividend payout ratio is presently 31.88%.

A number of analysts have issued reports on the company. SunTrust Banks raised their price target on Devon Energy from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Friday, June 19th. Morgan Stanley lifted their price objective on Devon Energy from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. Scotiabank reduced their price objective on Devon Energy from $20.00 to $16.00 and set a “sector outperform” rating on the stock in a research note on Monday, July 13th. Piper Sandler raised Devon Energy from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $10.00 to $15.00 in a research note on Tuesday, July 21st. Finally, Barclays lifted their price objective on Devon Energy from $11.00 to $13.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $18.73.

About Devon Energy

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.

Read More: Conference Calls

Institutional Ownership by Quarter for Devon Energy (NYSE:DVN)

Receive News & Ratings for Devon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Devon Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Nisa Investment Advisors LLC Acquires 17,395 Shares of Comerica Incorporated
Nisa Investment Advisors LLC Acquires 17,395 Shares of Comerica Incorporated
Nissay Asset Management Corp Japan ADV Acquires 2,144 Shares of Zillow Group Inc
Nissay Asset Management Corp Japan ADV Acquires 2,144 Shares of Zillow Group Inc
Nisa Investment Advisors LLC Has $2.61 Million Stock Position in Donaldson Company, Inc.
Nisa Investment Advisors LLC Has $2.61 Million Stock Position in Donaldson Company, Inc.
Nisa Investment Advisors LLC Raises Stock Holdings in LTC Properties Inc
Nisa Investment Advisors LLC Raises Stock Holdings in LTC Properties Inc
Nisa Investment Advisors LLC Has $2.70 Million Stake in Jones Lang LaSalle Inc
Nisa Investment Advisors LLC Has $2.70 Million Stake in Jones Lang LaSalle Inc
Nissay Asset Management Corp Japan ADV Has $835,000 Stake in Westrock Co
Nissay Asset Management Corp Japan ADV Has $835,000 Stake in Westrock Co


© 2006-2020 Ticker Report