Devon Energy Corporation $DVN Stock Holdings Boosted by Ballentine Partners LLC

Ballentine Partners LLC increased its holdings in Devon Energy Corporation ( NYSE:DVN – Free Report ) by 114.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,638 shares of the energy company’s stock after purchasing an additional 12,079 shares during the quarter. Ballentine Partners LLC’s holdings in Devon Energy were worth $935,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tobam increased its position in shares of Devon Energy by 16.4% in the fourth quarter. Tobam now owns 1,633 shares of the energy company’s stock worth $60,000 after acquiring an additional 230 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Devon Energy by 3.4% during the 4th quarter. TD Private Client Wealth LLC now owns 7,152 shares of the energy company’s stock worth $262,000 after buying an additional 236 shares during the period. JFS Wealth Advisors LLC grew its position in shares of Devon Energy by 56.6% in the second quarter. JFS Wealth Advisors LLC now owns 678 shares of the energy company’s stock valued at $28,000 after purchasing an additional 245 shares during the last quarter. Catalyst Financial Partners LLC raised its position in shares of Devon Energy by 3.9% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,712 shares of the energy company’s stock valued at $246,000 after buying an additional 254 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of Devon Energy by 21.0% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 1,480 shares of the energy company’s stock worth $54,000 after acquiring an additional 257 shares during the period. 69.72% of the stock is owned by hedge funds and other institutional investors.

Devon Energy Trading Up 3.2% Shares of Devon Energy stock opened at $45.83 on Friday. Devon Energy Corporation has a 1 year low of $31.47 and a 1 year high of $52.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.72 and a quick ratio of 0.67. The stock has a fifty day moving average price of $43.40 and a 200-day moving average price of $45.14. The firm has a market cap of $50.41 billion, a PE ratio of 10.89 and a beta of 0.38.

Devon Energy Corporation last announced its quarterly earnings data on Tuesday, August 4th. The energy company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.17. The business had revenue of $7.42 billion during the quarter, compared to analyst estimates of $6.01 billion. Devon Energy had a return on equity of 14.93% and a net margin of 16.67%.Devon Energy’s revenue was up 73.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 earnings per share. Equities research analysts anticipate that Devon Energy Corporation will post 4.99 EPS for the current year.

Devon Energy Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Devon Energy’s dividend payout ratio (DPR) is currently 30.40%.

A number of research analysts recently issued reports on the company. Zacks Research cut Devon Energy from a “strong-buy” rating to a “hold” rating...