HRT Financial LP Has $19.74 Million Stock Position in Devon Energy Corporation $DVN

by · The Markets Daily

HRT Financial LP boosted its holdings in shares of Devon Energy Corporation (NYSE:DVN – Free Report) by 274.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 620,581 shares of the energy company’s stock after acquiring an additional 454,711 shares during the quarter. HRT Financial LP owned 0.10% of Devon Energy worth $19,740,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DVN. Opal Wealth Advisors LLC purchased a new position in Devon Energy during the second quarter valued at approximately $25,000. Trust Co. of Vermont boosted its stake in shares of Devon Energy by 241.3% during the 2nd quarter. Trust Co. of Vermont now owns 942 shares of the energy company’s stock valued at $30,000 after buying an additional 666 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Devon Energy during the 2nd quarter valued at $34,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Devon Energy in the second quarter worth $34,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Devon Energy by 63.3% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,411 shares of the energy company’s stock worth $45,000 after acquiring an additional 547 shares in the last quarter. Institutional investors and hedge funds own 69.72% of the company’s stock.

Devon Energy Stock Performance

NYSE:DVN opened at $37.52 on Friday. The firm has a market capitalization of $23.53 billion, a PE ratio of 8.83, a PEG ratio of 2.85 and a beta of 0.62. Devon Energy Corporation has a 1 year low of $25.89 and a 1 year high of $38.88. The company has a current ratio of 0.96, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The firm’s fifty day simple moving average is $34.65 and its 200 day simple moving average is $34.04.

Devon Energy (NYSE:DVN – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.11. Devon Energy had a return on equity of 18.14% and a net margin of 15.56%.The company had revenue of $0.00 million for the quarter, compared to the consensus estimate of $4.10 billion. During the same period last year, the business posted $1.10 earnings per share. On average, sell-side analysts anticipate that Devon Energy Corporation will post 4.85 EPS for the current year.

Devon Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, December 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.6%. Devon Energy’s payout ratio is 22.59%.

Analysts Set New Price Targets

DVN has been the topic of several research reports. Morgan Stanley upped their target price on Devon Energy from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday. The Goldman Sachs Group increased their price objective on Devon Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Wells Fargo & Company decreased their target price on shares of Devon Energy from $43.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, October 17th. Weiss Ratings restated a “sell (d+)” rating on shares of Devon Energy in a research note on Monday. Finally, Johnson Rice reduced their price objective on shares of Devon Energy from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.90.

Get Our Latest Research Report on Devon Energy

Devon Energy Profile

(Free Report)

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.

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