12,804 Shares in Devon Energy Co. (NYSE:DVN) Bought by Four Tree Island Advisory LLC

Four Tree Island Advisory LLC bought a new position in Devon Energy Co. (NYSE:DVN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,804 shares of the energy company’s stock, valued at approximately $419,000. Devon Energy accounts for approximately 0.3% of Four Tree Island Advisory LLC’s holdings, making the stock its 20th largest position.

A number of other hedge funds also recently added to or reduced their stakes in DVN. Stiles Financial Services Inc increased its position in Devon Energy by 8.0% in the 4th quarter. Stiles Financial Services Inc now owns 55,013 shares of the energy company’s stock valued at $1,801,000 after acquiring an additional 4,054 shares during the period. WCM Investment Management LLC increased its holdings in shares of Devon Energy by 130.9% during the fourth quarter. WCM Investment Management LLC now owns 44,999 shares of the energy company’s stock valued at $1,439,000 after purchasing an additional 25,511 shares during the period. Thompson Investment Management Inc. raised its stake in shares of Devon Energy by 60.0% during the fourth quarter. Thompson Investment Management Inc. now owns 1,600 shares of the energy company’s stock valued at $52,000 after purchasing an additional 600 shares in the last quarter. Empirical Finance LLC lifted its holdings in Devon Energy by 61.5% in the fourth quarter. Empirical Finance LLC now owns 33,267 shares of the energy company’s stock worth $1,089,000 after purchasing an additional 12,665 shares during the period. Finally, Cidel Asset Management Inc. grew its position in Devon Energy by 24.4% in the 4th quarter. Cidel Asset Management Inc. now owns 7,184 shares of the energy company’s stock valued at $235,000 after buying an additional 1,410 shares in the last quarter. 69.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DVN. Susquehanna reduced their price target on shares of Devon Energy from $63.00 to $62.00 and set a “positive” rating for the company in a research note on Friday, October 18th. Mizuho decreased their price target on Devon Energy from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Citigroup dropped their price objective on Devon Energy from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Sanford C. Bernstein raised Devon Energy from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Wednesday, January 15th. Finally, Raymond James boosted their price target on shares of Devon Energy from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.45.

Devon Energy Trading Down 0.9 %

Shares of NYSE DVN opened at $33.13 on Monday. The firm has a market capitalization of $21.76 billion, a PE ratio of 6.15, a PEG ratio of 1.04 and a beta of 1.98. Devon Energy Co. has a one year low of $30.39 and a one year high of $55.09. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $34.47 and a two-hundred day moving average price of $38.95.

Devon Energy Company 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.