Devon Energy Corp (DVN) Holdings Boosted by Janus Henderson Group PLC

Janus Henderson Group PLC raised its stake in shares of Devon Energy Corp (NYSE:DVN) by 10.8% during the 1st quarter, HoldingsChannel reports. The fund owned 213,452 shares of the energy company’s stock after acquiring an additional 20,737 shares during the period. Janus Henderson Group PLC’s holdings in Devon Energy were worth $6,736,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Steward Partners Investment Advisory LLC bought a new position in Devon Energy during the 1st quarter valued at $225,000. Hoertkorn Richard Charles lifted its stake in Devon Energy by 2.6% during the 1st quarter. Hoertkorn Richard Charles now owns 36,990 shares of the energy company’s stock valued at $1,167,000 after acquiring an additional 950 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Devon Energy during the 1st quarter valued at $493,000. Dupont Capital Management Corp lifted its stake in Devon Energy by 224.6% during the 1st quarter. Dupont Capital Management Corp now owns 49,015 shares of the energy company’s stock valued at $1,547,000 after acquiring an additional 33,917 shares in the last quarter. Finally, UMB Bank N A MO bought a new position in Devon Energy during the 1st quarter valued at $256,000. Institutional investors and hedge funds own 92.25% of the company’s stock.

In other news, Director Robert H. Henry acquired 11,651 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was bought at an average price of $30.01 per share, with a total value of $349,646.51. Following the acquisition, the director now owns 21,355 shares in the company, valued at approximately $640,863.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

Several equities analysts have weighed in on the company. Credit Suisse Group set a $36.00 price objective on Devon Energy and gave the company a “buy” rating in a research note on Wednesday, February 20th. Zacks Investment Research cut Devon Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Ifs Securities restated a “market perform” rating on shares of Devon Energy in a research note on Monday, February 11th. ValuEngine upgraded Devon Energy from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Finally, MKM Partners raised their price objective on Devon Energy from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, February 21st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $45.29.

Shares of Devon Energy stock opened at $30.61 on Friday. Devon Energy Corp has a 1 year low of $20.37 and a 1 year high of $46.54. The firm has a market cap of $12.71 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 0.86 and a beta of 2.23. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.74.

Devon Energy (NYSE:DVN) last announced its earnings results on Tuesday, April 30th. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. Devon Energy had a return on equity of 7.12% and a net margin of 29.33%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the firm posted $0.20 EPS. Equities analysts expect that Devon Energy Corp will post 2.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.36 annualized dividend and a yield of 1.18%. This is a positive change from Devon Energy’s previous quarterly dividend of $0.08. Devon Energy’s dividend payout ratio (DPR) is 24.81%.

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Devon Energy Profile

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.

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

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