Devon Energy Corporation (NYSE:DVN) Director Robert H. Henry sold 7,045 shares of Devon Energy Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $33.35, for a total transaction of $234,950.75. Following the completion of the transaction, the director now owns 11,338 shares in the company, valued at $378,122.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Devon Energy Corporation (NYSE:DVN) traded down 3.818% on Monday, reaching $32.375. 4,079,356 shares of the company traded hands. The firm has a 50-day moving average of $31.57 and a 200-day moving average of $38.48. Devon Energy Corporation has a 52-week low of $28.80 and a 52-week high of $50.69. The company has a market capitalization of $17.03 billion, a PE ratio of 7.261 and a beta of 2.17.

Devon Energy Corporation (NYSE:DVN) last released its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. Devon Energy Corporation had a return on equity of 5.36% and a net margin of 16.07%. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter last year, the company posted $0.06 EPS. Devon Energy Corporation’s revenue for the quarter was up 31.6% on a year-over-year basis. On average, equities research analysts forecast that Devon Energy Corporation will post $1.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.06 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.71%. Devon Energy Corporation’s dividend payout ratio (DPR) is 5.47%.

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Several institutional investors have recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings Inc. raised its position in Devon Energy Corporation by 2.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 629,647 shares of the energy company’s stock worth $26,269,000 after buying an additional 13,072 shares during the period. Gulf International Bank UK Ltd raised its position in Devon Energy Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 145,818 shares of the energy company’s stock worth $6,083,000 after buying an additional 2,000 shares during the period. Foundation Resource Management Inc. raised its position in Devon Energy Corporation by 5.2% in the first quarter. Foundation Resource Management Inc. now owns 37,842 shares of the energy company’s stock worth $1,579,000 after buying an additional 1,873 shares during the period. First American Bank raised its position in Devon Energy Corporation by 11.4% in the first quarter. First American Bank now owns 145,252 shares of the energy company’s stock worth $6,060,000 after buying an additional 14,816 shares during the period. Finally, Honkamp Krueger Financial Services Inc. raised its position in Devon Energy Corporation by 1.8% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 6,952 shares of the energy company’s stock worth $290,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 77.27% of the company’s stock.

Several brokerages have commented on DVN. Stifel Nicolaus began coverage on shares of Devon Energy Corporation in a research report on Wednesday, April 12th. They set a “buy” rating and a $73.00 target price on the stock. They noted that the move was a valuation call. Royal Bank Of Canada set a $53.00 target price on shares of Devon Energy Corporation and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Barclays PLC restated an “overweight” rating and set a $47.00 target price (down from $54.00) on shares of Devon Energy Corporation in a research report on Saturday, April 22nd. BMO Capital Markets restated a “buy” rating and set a $45.00 target price on shares of Devon Energy Corporation in a research report on Wednesday, May 3rd. Finally, Credit Suisse Group boosted their target price on shares of Devon Energy Corporation from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Devon Energy Corporation has an average rating of “Buy” and an average price target of $47.71.

About Devon Energy Corporation

Devon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company’s segments include U.S., Canada and EnLink. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs).

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