Coldstream Capital Management Inc. Sells 4,890 Shares of Devon Energy Corporation $DVN

Coldstream Capital Management Inc. lowered its holdings in Devon Energy Corporation (NYSE:DVN) by 18.1% during the second quarter, Holdings Channel.com reports. The firm owned 22,061 shares of the energy company’s stock after selling 4,890 shares during the period. Coldstream Capital Management Inc.’s holdings in Devon Energy were worth $702,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Devon Energy by 1.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,784,270 shares of the energy company’s stock valued at $152,188,000 after buying an additional 77,433 shares during the last quarter. American Century Companies Inc. increased its position in Devon Energy by 44.6% in the 2nd quarter. American Century Companies Inc. now owns 1,638,065 shares of the energy company’s stock valued at $52,107,000 after acquiring an additional 505,382 shares in the last quarter. Cowa LLC raised its stake in shares of Devon Energy by 21.6% in the second quarter. Cowa LLC now owns 19,916 shares of the energy company’s stock worth $634,000 after acquiring an additional 3,544 shares during the last quarter. Cozad Asset Management Inc. bought a new position in shares of Devon Energy in the second quarter worth about $1,569,000. Finally, Mufg Securities Americas Inc. lifted its position in shares of Devon Energy by 22.4% during the second quarter. Mufg Securities Americas Inc. now owns 14,230 shares of the energy company’s stock worth $453,000 after purchasing an additional 2,602 shares in the last quarter. Institutional investors own 69.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Mizuho lowered their price target on shares of Devon Energy from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, September 15th. The Goldman Sachs Group lifted their target price on Devon Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. UBS Group boosted their target price on Devon Energy from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Siebert Williams Shank decreased their price target on Devon Energy from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, Wells Fargo & Company lowered their price objective on Devon Energy from $43.00 to $37.00 and set an “overweight” rating for the company in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.89.

Devon Energy Trading Up 1.7%

NYSE DVN opened at $36.42 on Thursday. Devon Energy Corporation has a 12 month low of $25.89 and a 12 month high of $38.88. The stock has a 50-day simple moving average of $34.05 and a 200 day simple moving average of $33.64. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $22.85 billion, a PE ratio of 8.17, a P/E/G ratio of 2.49 and a beta of 1.01.

Devon Energy (NYSE:DVN) last issued its earnings results on Wednesday, November 5th. The energy company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. The firm had revenue of $0.00 million for the quarter, compared to analysts’ expectations of $4.10 billion. Devon Energy had a return on equity of 18.59% and a net margin of 16.57%.During the same quarter last year, the business earned $1.10 earnings per share. Research analysts forecast that Devon Energy Corporation will post 4.85 EPS for the current year.

Devon Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, December 15th. Devon Energy’s dividend payout ratio (DPR) is presently 22.59%.

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.