Jeremy D. Humphers Sells 1,500 Shares of Devon Energy Corp (NYSE:DVN) Stock

Devon Energy Corp (NYSE:DVN) CAO Jeremy D. Humphers sold 1,500 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $22.01, for a total value of $33,015.00. Following the transaction, the chief accounting officer now directly owns 43,975 shares in the company, valued at approximately $967,889.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NYSE:DVN opened at $23.14 on Friday. The business has a 50-day moving average price of $21.81 and a 200 day moving average price of $24.37. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.83 and a beta of 2.37. Devon Energy Corp has a 12-month low of $19.72 and a 12-month high of $35.39.

Devon Energy (NYSE:DVN) last issued its quarterly earnings data on Tuesday, November 5th. The energy company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.10. Devon Energy had a net margin of 16.00% and a return on equity of 6.37%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the firm earned $0.63 EPS. As a group, equities research analysts predict that Devon Energy Corp will post 1.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, March 12th. Devon Energy’s dividend payout ratio is presently 27.91%.

Several analysts have issued reports on DVN shares. ValuEngine raised Devon Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Evercore ISI reiterated a “hold” rating and set a $30.00 price target on shares of Devon Energy in a report on Monday, November 11th. Guggenheim set a $35.00 price target on shares of Devon Energy and gave the company a “buy” rating in a research report on Wednesday, August 21st. MKM Partners set a $32.00 price objective on shares of Devon Energy and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Seaport Global Securities cut shares of Devon Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.41.

Institutional investors have recently added to or reduced their stakes in the company. Doliver Advisors LP lifted its stake in Devon Energy by 5.2% during the 3rd quarter. Doliver Advisors LP now owns 9,912 shares of the energy company’s stock worth $208,000 after acquiring an additional 490 shares in the last quarter. Advisory Services Network LLC grew its position in Devon Energy by 43.1% in the 2nd quarter. Advisory Services Network LLC now owns 1,712 shares of the energy company’s stock valued at $48,000 after acquiring an additional 516 shares in the last quarter. Hedeker Wealth LLC grew its position in Devon Energy by 1.9% in the 3rd quarter. Hedeker Wealth LLC now owns 31,855 shares of the energy company’s stock valued at $766,000 after acquiring an additional 587 shares in the last quarter. Schafer Cullen Capital Management Inc grew its position in Devon Energy by 1.5% in the 3rd quarter. Schafer Cullen Capital Management Inc now owns 39,955 shares of the energy company’s stock valued at $961,000 after acquiring an additional 600 shares in the last quarter. Finally, Cetera Advisor Networks LLC increased its stake in Devon Energy by 7.2% during the third quarter. Cetera Advisor Networks LLC now owns 8,991 shares of the energy company’s stock worth $217,000 after purchasing an additional 603 shares during the period. 87.82% of the stock is currently owned by institutional investors and hedge funds.

About Devon Energy

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.

Further Reading: Hold Rating

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