American Century Companies Inc. Has $29.36 Million Stake in Devon Energy Co. (NYSE:DVN)

American Century Companies Inc. grew its holdings in Devon Energy Co. (NYSE:DVN) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 897,151 shares of the energy company’s stock after purchasing an additional 95,905 shares during the quarter. American Century Companies Inc. owned about 0.14% of Devon Energy worth $29,364,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in DVN. Mizuho Securities USA LLC increased its position in Devon Energy by 53.3% in the 4th quarter. Mizuho Securities USA LLC now owns 62,259 shares of the energy company’s stock valued at $2,038,000 after acquiring an additional 21,653 shares in the last quarter. Sciencast Management LP grew its stake in shares of Devon Energy by 4.7% during the fourth quarter. Sciencast Management LP now owns 53,374 shares of the energy company’s stock valued at $1,747,000 after purchasing an additional 2,413 shares during the last quarter. Millstone Evans Group LLC bought a new position in Devon Energy in the 4th quarter worth approximately $97,000. Summit Global Investments lifted its holdings in Devon Energy by 37.3% during the 4th quarter. Summit Global Investments now owns 170,906 shares of the energy company’s stock worth $5,594,000 after buying an additional 46,407 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in Devon Energy by 87.5% in the 4th quarter. TD Private Client Wealth LLC now owns 3,465 shares of the energy company’s stock valued at $113,000 after buying an additional 1,617 shares during the last quarter. Institutional investors own 69.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DVN shares. Williams Trading set a $50.00 price target on Devon Energy in a research note on Wednesday, March 5th. Mizuho cut their target price on shares of Devon Energy from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Barclays lifted their price target on shares of Devon Energy from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. StockNews.com raised shares of Devon Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, Benchmark reiterated a “buy” rating and set a $44.00 target price on shares of Devon Energy in a research report on Thursday, February 20th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $48.29.

Devon Energy Trading Down 0.3 %

Shares of NYSE:DVN opened at $36.79 on Friday. The company’s 50-day moving average price is $35.38 and its two-hundred day moving average price is $36.89. Devon Energy Co. has a one year low of $30.39 and a one year high of $55.09. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.01. The stock has a market capitalization of $23.87 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 1.20 and a beta of 1.91.

Devon Energy (NYSE:DVN) last released its earnings results on Tuesday, February 18th. The energy company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.16. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.25 billion. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. On average, equities analysts forecast that Devon Energy Co. will post 4.85 EPS for the current fiscal year.

Devon Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Devon Energy’s previous quarterly dividend of $0.22. Devon Energy’s dividend payout ratio is presently 21.05%.

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.