Autumn Glory Partners LLC Decreases Stock Holdings in Devon Energy Co. (NYSE:DVN)

Autumn Glory Partners LLC lowered its stake in Devon Energy Co. (NYSE:DVN) by 58.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,368 shares of the energy company’s stock after selling 30,060 shares during the period. Autumn Glory Partners LLC’s holdings in Devon Energy were worth $699,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DVN. Exchange Traded Concepts LLC bought a new stake in Devon Energy in the third quarter valued at $200,000. Creative Planning boosted its holdings in Devon Energy by 33.6% in the third quarter. Creative Planning now owns 132,206 shares of the energy company’s stock valued at $5,172,000 after acquiring an additional 33,249 shares in the last quarter. Sumitomo Life Insurance Co. boosted its holdings in Devon Energy by 4.3% in the third quarter. Sumitomo Life Insurance Co. now owns 17,497 shares of the energy company’s stock valued at $684,000 after acquiring an additional 727 shares in the last quarter. SPC Financial Inc. boosted its holdings in Devon Energy by 11.6% in the third quarter. SPC Financial Inc. now owns 15,188 shares of the energy company’s stock valued at $594,000 after acquiring an additional 1,573 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its holdings in Devon Energy by 13.7% in the third quarter. Cornerstone Wealth Management LLC now owns 20,916 shares of the energy company’s stock valued at $818,000 after acquiring an additional 2,524 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.

Devon Energy Price Performance

Shares of NYSE:DVN opened at $34.68 on Friday. Devon Energy Co. has a fifty-two week low of $30.39 and a fifty-two week high of $55.09. The business has a 50-day simple moving average of $34.27 and a two-hundred day simple moving average of $38.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.11. The firm has a market cap of $22.78 billion, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of 1.04 and a beta of 1.98.

Analysts Set New Price Targets

DVN has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut shares of Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 price target on the stock. in a report on Thursday, December 5th. Raymond James boosted their target price on shares of Devon Energy from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. StockNews.com upgraded shares of Devon Energy from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. TD Cowen dropped their target price on shares of Devon Energy from $54.00 to $46.00 and set a “hold” rating on the stock in a report on Tuesday, November 5th. Finally, Susquehanna dropped their target price 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. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.45.

About Devon Energy

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.