Philip James Wealth Mangement LLC Purchases 10,291 Shares of Devon Energy Co. (NYSE:DVN)

Philip James Wealth Mangement LLC boosted its position in shares of Devon Energy Co. (NYSE:DVN) by 56.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,619 shares of the energy company’s stock after purchasing an additional 10,291 shares during the period. Philip James Wealth Mangement LLC’s holdings in Devon Energy were worth $937,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DVN. Exchange Traded Concepts LLC bought a new position in Devon Energy during the 3rd quarter worth about $200,000. Creative Planning grew its holdings in shares of Devon Energy by 33.6% in the 3rd 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. V Square Quantitative Management LLC grew its holdings in shares of Devon Energy by 52.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 9,201 shares of the energy company’s stock valued at $360,000 after acquiring an additional 3,160 shares in the last quarter. KMG Fiduciary Partners LLC grew its holdings in shares of Devon Energy by 4.7% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 35,900 shares of the energy company’s stock valued at $1,404,000 after acquiring an additional 1,613 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Devon Energy by 41.4% in the 3rd quarter. Blue Trust Inc. now owns 14,486 shares of the energy company’s stock valued at $567,000 after acquiring an additional 4,241 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.

Devon Energy Stock Up 1.3 %

NYSE DVN opened at $34.68 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. Devon Energy Co. has a 1-year low of $30.39 and a 1-year high of $55.09. The company has a 50 day moving average of $34.27 and a 200-day moving average of $38.53. The company has a market cap of $22.78 billion, a price-to-earnings ratio of 6.43, a PEG ratio of 1.04 and a beta of 1.98.

Analyst Upgrades and Downgrades

DVN has been the subject of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $50.00 price objective on shares of Devon Energy in a report on Friday, January 10th. StockNews.com upgraded Devon Energy from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Citigroup decreased their price objective on Devon Energy from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Raymond James raised their price objective on Devon Energy from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, TD Cowen reduced their price target on Devon Energy from $54.00 to $46.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.