Compagnie Lombard Odier SCmA Sells 1,500 Shares of Devon Energy Co. (NYSE:DVN)

Compagnie Lombard Odier SCmA decreased its position in Devon Energy Co. (NYSE:DVN) by 37.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,512 shares of the energy company’s stock after selling 1,500 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Devon Energy were worth $82,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in DVN. EnCap Energy Capital Fund XI L.P. bought a new position in shares of Devon Energy during the third quarter worth approximately $461,857,000. EnCap Partners GP LLC bought a new position in shares of Devon Energy during the third quarter worth approximately $408,653,000. EnCap Energy Capital Fund X L.P. bought a new position in shares of Devon Energy during the third quarter worth approximately $230,928,000. International Assets Investment Management LLC increased its stake in shares of Devon Energy by 4,125.7% during the third quarter. International Assets Investment Management LLC now owns 2,280,961 shares of the energy company’s stock worth $89,231,000 after purchasing an additional 2,226,983 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Devon Energy by 16.9% during the third quarter. Pacer Advisors Inc. now owns 11,591,168 shares of the energy company’s stock worth $453,446,000 after purchasing an additional 1,677,652 shares during the period. Institutional investors own 69.72% of the company’s stock.

Devon Energy Trading Up 1.3 %

NYSE DVN opened at $34.68 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. Devon Energy Co. has a twelve month low of $30.39 and a twelve month high of $55.09. The company 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. The business’s fifty day moving average is $34.27 and its 200 day moving average is $38.65.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wells Fargo & Company lowered their price objective on Devon Energy from $49.00 to $43.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Mizuho lowered their price objective on Devon Energy from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. lowered Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research note on Thursday, December 5th. Sanford C. Bernstein upgraded Devon Energy from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Wednesday, January 15th. Finally, Susquehanna lowered their price objective on Devon Energy from $63.00 to $62.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.45.

Devon Energy Profile

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.