FNY Investment Advisers LLC Has $219,000 Stock Holdings in Devon Energy Co. (NYSE:DVN)

FNY Investment Advisers LLC lifted its position in Devon Energy Co. (NYSE:DVN) by 738.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,700 shares of the energy company’s stock after purchasing an additional 5,901 shares during the period. FNY Investment Advisers LLC’s holdings in Devon Energy were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DVN. Kwmg LLC lifted its position in Devon Energy by 14.7% during the 4th quarter. Kwmg LLC now owns 126,619 shares of the energy company’s stock worth $4,144,000 after acquiring an additional 16,180 shares during the last quarter. Kieckhefer Group LLC bought a new position in shares of Devon Energy in the fourth quarter worth about $801,000. Czech National Bank lifted its position in shares of Devon Energy by 11.7% during the 4th quarter. Czech National Bank now owns 142,429 shares of the energy company’s stock worth $4,662,000 after purchasing an additional 14,866 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its stake in Devon Energy by 159.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 15,717 shares of the energy company’s stock valued at $514,000 after purchasing an additional 9,648 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Devon Energy by 90.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,724,407 shares of the energy company’s stock valued at $89,170,000 after buying an additional 1,296,590 shares during the last quarter. 69.72% of the stock is owned by institutional investors.

Devon Energy Stock Up 1.2 %

DVN opened at $37.22 on Wednesday. Devon Energy Co. has a twelve month low of $30.39 and a twelve month high of $55.09. The firm has a market cap of $24.45 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 1.07 and a beta of 2.00. The firm’s 50-day simple moving average is $35.58 and its 200-day simple moving average is $40.49. 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 (NYSE:DVN) last posted its quarterly earnings data on Tuesday, November 5th. The energy company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.01. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.72 billion. Devon Energy had a net margin of 21.71% and a return on equity of 24.73%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.65 earnings per share. Equities research analysts anticipate that Devon Energy Co. will post 4.79 EPS for the current fiscal year.

Devon Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.88 annualized dividend and a yield of 2.36%. Devon Energy’s payout ratio is 16.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DVN shares. Jefferies Financial Group assumed coverage on Devon Energy in a report on Thursday, October 3rd. They set a “hold” rating and a $45.00 price target for the company. UBS Group reduced their price target on shares of Devon Energy from $53.00 to $47.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Susquehanna dropped their price objective on shares of Devon Energy from $63.00 to $62.00 and set a “positive” rating on the stock in a report on Friday, October 18th. Wolfe Research raised shares of Devon Energy from a “peer perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Friday, January 3rd. Finally, TD Cowen decreased their target price on Devon Energy from $54.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Devon Energy currently has a consensus rating of “Moderate Buy” and an average price target of $49.18.

Devon Energy Company 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.