Nippon Life Insurance Co. Grows Holdings in Devon Energy Corporation (DVN)

Devon Energy Corporation logoNippon Life Insurance Co. boosted its stake in shares of Devon Energy Corporation (NYSE:DVN) by 35.6% within the third quarter, in line with its most up-to-date Form 13F submitting with the Securities and Exchange Commission (SEC). The institutional investor owned 34,801 shares of the vitality firm’s inventory after buying an extra 9,145 shares throughout the quarter. Nippon Life Insurance Co.’s holdings in Devon Energy Corporation had been value $1,278,00zero as of its most up-to-date SEC submitting.

Other hedge funds have additionally made adjustments to their positions within the firm. Fifth Third Bancorp boosted its holdings in Devon Energy Corporation by 10.four% within the first quarter. Fifth Third Bancorp now owns 2,630 shares of the vitality firm’s inventory valued at $110,00zero after buying an extra 248 shares over the last quarter. Sun Life Financial INC boosted its holdings in Devon Energy Corporation by 32,058.three% throughout the second quarter. Sun Life Financial INC now owns three,859 shares of the vitality firm’s inventory value $123,00zero after shopping for an extra three,847 shares over the last quarter. Global X Management Co. LLC boosted its holdings in Devon Energy Corporation by 34.zero% throughout the first quarter. Global X Management Co. LLC now owns four,036 shares of the vitality firm’s inventory value $168,00zero after shopping for an extra 1,025 shares over the last quarter. Fiduciary Trust Co. purchased a brand new place in Devon Energy Corporation throughout the second quarter value about $144,00zero. Finally, FNY Partners Fund LP boosted its holdings in Devon Energy Corporation by 19,500.zero% throughout the first quarter. FNY Partners Fund LP now owns four,900 shares of the vitality firm’s inventory value $204,00zero after shopping for an extra four,875 shares over the last quarter. Institutional traders personal 77.30% of the corporate’s inventory.

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Shares of Devon Energy Corporation (DVN) traded up $zero.44 throughout buying and selling on Friday, hitting $39.27. The firm had a buying and selling quantity of 6,360,00zero shares, in comparison with its common quantity of four,530,00zero. Devon Energy Corporation has a 52 week low of $28.79 and a 52 week excessive of $50.69. The firm has a present ratio of 1.63, a fast ratio of 1.61 and a debt-to-equity ratio of zero.87. The firm has a market cap of $20,640.00, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.26 and a beta of two.22.

Devon Energy Corporation (NYSE:DVN) final posted its quarterly earnings outcomes on Tuesday, October 31st. The vitality firm reported $zero.46 earnings per share for the quarter, topping badysts’ consensus estimates of $zero.39 by $zero.07. Devon Energy Corporation had a return on fairness of 6.88% and a internet margin of 11.62%. The enterprise had income of $three.16 billion for the quarter, in comparison with the consensus estimate of $three.13 billion. During the identical interval within the prior 12 months, the enterprise earned $1.89 EPS. The agency’s income for the quarter was up 9.5% on a year-over-year foundation. badysts predict that Devon Energy Corporation will submit 1.73 earnings per share for the present fiscal 12 months.

The enterprise additionally just lately disclosed a quarterly dividend, which can be paid on Friday, December 29th. Stockholders of file on Friday, December 15th can be paid a $zero.06 dividend. This represents a $zero.24 annualized dividend and a dividend yield of zero.61%. The ex-dividend date of this dividend is Thursday, December 14th. Devon Energy Corporation’s dividend payout ratio (DPR) is presently eight.16%.

A lot of equities badysis badysts have just lately commented on the corporate. Cowen and Company set a $40.00 value goal on Devon Energy Corporation and gave the inventory a “buy” ranking in a badysis report on Tuesday, October 31st. Stephens raised Devon Energy Corporation from an “equal weight” ranking to an “overweight” ranking and set a $53.00 value goal on the inventory in a badysis report on Thursday. Stifel Nicolaus set a $66.00 goal value on Devon Energy Corporation and gave the corporate a “buy” ranking in a badysis report on Thursday, October fifth. BMO Capital Markets set a $45.00 goal value on Devon Energy Corporation and gave the corporate a “buy” ranking in a badysis report on Tuesday, October 10th. Finally, Jefferies Group LLC upgraded Devon Energy Corporation from a “hold” ranking to a “buy” ranking and set a $43.00 value goal for the corporate in a badysis observe on Monday, October ninth. Two equities badysis badysts have rated the inventory with a promote ranking, 5 have issued a maintain ranking and fourteen have badigned a purchase ranking to the corporate. Devon Energy Corporation has a consensus ranking of “Buy” and a consensus value goal of $45.89.

Devon Energy Corporation Profile

Devon Energy Corporation is an impartial vitality firm. The Company additionally controls EnLink Midstream Partners, L.P. (EnLink). The Company’s segments embrace U.S., Canada and EnLink. The Company is engaged primarily within the exploration, improvement and manufacturing of oil, pure fuel and pure fuel liquids (NGLs).

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

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