Schroder Investment Management Group Has $20.23 Million Holdings in Devon Energy Corporation (DVN)

Schroder Investment Management Group raised its stake in shares of Devon Energy Corporation (NYSE:DVN) by 48.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 552,931 shares of the energy company’s stock after purchasing an additional 181,545 shares during the period. Schroder Investment Management Group owned 0.11% of Devon Energy worth $20,232,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Point View Wealth Management Inc. boosted its position in shares of Devon Energy by 1.2% in the second quarter. Point View Wealth Management Inc. now owns 8,334 shares of the energy company’s stock valued at $266,000 after acquiring an additional 95 shares during the period. Wedbush Securities Inc. boosted its position in shares of Devon Energy by 1.1% in the second quarter. Wedbush Securities Inc. now owns 9,286 shares of the energy company’s stock valued at $297,000 after acquiring an additional 99 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of Devon Energy by 3.5% in the second quarter. Cullen Frost Bankers Inc. now owns 6,491 shares of the energy company’s stock valued at $208,000 after acquiring an additional 222 shares during the period. Sterneck Capital Management LLC boosted its position in shares of Devon Energy by 4.5% in the second quarter. Sterneck Capital Management LLC now owns 6,518 shares of the energy company’s stock valued at $208,000 after acquiring an additional 283 shares during the period. Finally, Nippon Life Insurance Co. boosted its position in shares of Devon Energy by 1.2% in the second quarter. Nippon Life Insurance Co. now owns 25,656 shares of the energy company’s stock valued at $820,000 after acquiring an additional 307 shares during the period. Institutional investors own 77.64% of the company’s stock.

Devon Energy Corporation (DVN) opened at $38.38 on Wednesday. The company has a market capitalization of $20,286.00, a price-to-earnings ratio of 26.47, a P/E/G ratio of 1.22 and a beta of 2.21. Devon Energy Corporation has a 12-month low of $28.79 and a 12-month high of $50.69. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.63 and a quick ratio of 1.63.

Devon Energy (NYSE:DVN) last issued its earnings results on Tuesday, October 31st. The energy company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.39 by $0.07. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Devon Energy had a return on equity of 6.88% and a net margin of 11.62%. Devon Energy’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business earned $1.89 earnings per share. analysts predict that Devon Energy Corporation will post 1.77 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a $0.06 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.24 annualized dividend and a yield of 0.63%. Devon Energy’s dividend payout ratio (DPR) is currently 8.19%.

DVN has been the subject of several research reports. Barclays reissued an “overweight” rating and issued a $35.00 price objective (up from $31.00) on shares of Devon Energy in a research report on Wednesday, August 9th. Scotiabank set a $47.00 price objective on Devon Energy and gave the company a “buy” rating in a research report on Friday, August 11th. BidaskClub cut Devon Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Cowen reissued a “buy” rating and issued a $37.00 price objective on shares of Devon Energy in a research report on Tuesday, August 22nd. Finally, Royal Bank Of Canada set a $43.00 price objective on Devon Energy and gave the company a “buy” rating in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $46.56.

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Devon Energy Profile

Devon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company’s segments include U.S., Canada and EnLink. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs).

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

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