Strategic Blueprint LLC Buys 5,357 Shares of Devon Energy Co. (NYSE:DVN)

Strategic Blueprint LLC boosted its stake in Devon Energy Co. (NYSE:DVN) by 85.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,605 shares of the energy company’s stock after buying an additional 5,357 shares during the quarter. Strategic Blueprint LLC’s holdings in Devon Energy were worth $380,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DVN. Capital Performance Advisors LLP purchased a new position in shares of Devon Energy in the 3rd quarter valued at approximately $35,000. Future Financial Wealth Managment LLC purchased a new position in Devon Energy during the third quarter valued at $39,000. True Wealth Design LLC boosted its holdings in shares of Devon Energy by 3,889.3% during the 3rd quarter. True Wealth Design LLC now owns 1,117 shares of the energy company’s stock valued at $44,000 after buying an additional 1,089 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of Devon Energy by 29.8% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company’s stock valued at $49,000 after buying an additional 290 shares in the last quarter. Finally, Activest Wealth Management grew its position in shares of Devon Energy by 60.4% in the 3rd quarter. Activest Wealth Management now owns 1,275 shares of the energy company’s stock worth $50,000 after buying an additional 480 shares during the period. 69.72% of the stock is owned by institutional investors.

Devon Energy Trading Down 2.7 %

Shares of NYSE:DVN opened at $34.09 on Friday. The stock has a 50 day moving average of $34.89 and a 200 day moving average of $39.54. The company has a market cap of $22.39 billion, a PE ratio of 6.32, a price-to-earnings-growth ratio of 1.10 and a beta of 2.00. Devon Energy Co. has a 12-month low of $30.39 and a 12-month 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.

Devon Energy (NYSE:DVN) last issued its earnings results on Tuesday, November 5th. The energy company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.01. Devon Energy had a net margin of 21.71% and a return on equity of 24.73%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. Devon Energy’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts expect that Devon Energy Co. will post 4.68 EPS for the current year.

Devon Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were issued a $0.22 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.88 dividend on an annualized basis and a yield of 2.58%. Devon Energy’s dividend payout ratio is presently 16.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BMO Capital Markets dropped their price objective on shares of Devon Energy from $52.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Citigroup cut their price target 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. Benchmark upgraded Devon Energy from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Tuesday, January 14th. Wells Fargo & Company cut their target price 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. Finally, JPMorgan Chase & Co. lowered Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 price target for the company. in a research report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.45.

About Devon Energy

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.