10,274 Shares in Devon Energy Corporation $DVN Acquired by Waterloo Capital L.P.

Waterloo Capital L.P. acquired a new position in shares of Devon Energy Corporation (NYSE:DVN - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,274 shares of the energy company's stock, valued at approximately $327,000.

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A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in shares of Devon Energy in the 2nd quarter worth about $25,000. Banque Cantonale Vaudoise acquired a new stake in Devon Energy in the 1st quarter valued at $26,000. Trust Co. of Vermont raised its position in Devon Energy by 241.3% in the second quarter. Trust Co. of Vermont now owns 942 shares of the energy company's stock valued at $30,000 after purchasing an additional 666 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Devon Energy during the second quarter worth about $34,000. Finally, SouthState Corp boosted its position in shares of Devon Energy by 350.5% in the first quarter. SouthState Corp now owns 991 shares of the energy company's stock worth $37,000 after buying an additional 771 shares during the period. Institutional investors and hedge funds own 69.72% of the company's stock.

Devon Energy Stock Performance

DVN opened at $35.99 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. Devon Energy Corporation has a twelve month low of $25.89 and a twelve month high of $39.58. The business's 50 day moving average is $34.01 and its 200-day moving average is $33.60. The stock has a market cap of $22.58 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 2.49 and a beta of 1.01.

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Devon Energy (NYSE:DVN - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The energy company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.11. The company had revenue of $0.00 million for the quarter, compared to analyst estimates of $4.10 billion. Devon Energy had a return on equity of 18.59% and a net margin of 16.57%.During the same period last year, the company earned $1.10 earnings per share. On average, analysts predict that Devon Energy Corporation will post 4.85 earnings per share for the current year.

Devon Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be issued a $0.24 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.7%. Devon Energy's dividend payout ratio is presently 22.59%.

Wall Street Analysts Forecast Growth

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Several research firms recently commented on DVN. Piper Sandler reduced their price target on Devon Energy from $57.00 to $55.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 18th. Siebert Williams Shank cut their price target on Devon Energy from $52.00 to $46.00 and set a "buy" rating on the stock in a research note on Monday, October 13th. BMO Capital Markets reduced their price target on Devon Energy from $51.00 to $50.00 in a report on Tuesday, November 11th. Capital One Financial dropped their price objective on Devon Energy from $52.00 to $51.00 and set an "overweight" rating on the stock in a report on Tuesday, November 11th. Finally, Mizuho cut their price target on shares of Devon Energy from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Devon Energy currently has an average rating of "Moderate Buy" and an average target price of $43.89.

View Our Latest Stock Analysis on DVN

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.

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