White Knight Strategic Wealth Advisors LLC Has $853,000 Stock Holdings in Devon Energy Co. (NYSE:DVN)

White Knight Strategic Wealth Advisors LLC lifted its stake in shares of Devon Energy Co. (NYSE:DVN) by 25.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,792 shares of the energy company’s stock after buying an additional 4,392 shares during the period. White Knight Strategic Wealth Advisors LLC’s holdings in Devon Energy were worth $853,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of DVN. International Assets Investment Management LLC grew its holdings in Devon Energy by 4,125.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,280,961 shares of the energy company’s stock worth $89,231,000 after acquiring an additional 2,226,983 shares during the period. Pacer Advisors Inc. increased its stake in Devon Energy by 16.9% in the third quarter. Pacer Advisors Inc. now owns 11,591,168 shares of the energy company’s stock valued at $453,446,000 after purchasing an additional 1,677,652 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Devon Energy by 7,165.6% during the second quarter. Los Angeles Capital Management LLC now owns 1,376,253 shares of the energy company’s stock valued at $65,234,000 after purchasing an additional 1,357,311 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Devon Energy by 16.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,793,217 shares of the energy company’s stock worth $416,779,000 after purchasing an additional 1,255,543 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Devon Energy by 447.6% in the 2nd quarter. National Bank of Canada FI now owns 1,179,538 shares of the energy company’s stock valued at $56,299,000 after buying an additional 964,147 shares during the period. Institutional investors own 69.72% of the company’s stock.

Devon Energy Stock Up 0.3 %

DVN opened at $37.95 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.01. Devon Energy Co. has a one year low of $37.28 and a one year high of $55.09. The firm has a market capitalization of $24.93 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 1.20 and a beta of 2.03. The company has a fifty day moving average price of $39.74 and a 200-day moving average price of $43.64.

Devon Energy (NYSE:DVN) last announced its earnings results on Tuesday, November 5th. The energy company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. Devon Energy had a net margin of 21.71% and a return on equity of 24.73%. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the firm posted $1.65 earnings per share. Devon Energy’s quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts expect that Devon Energy Co. will post 4.79 earnings per share for the current fiscal year.

Devon Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, December 13th. This represents a $0.88 annualized dividend and a dividend yield of 2.32%. Devon Energy’s dividend payout ratio (DPR) is presently 16.33%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Raymond James cut their price target on Devon Energy from $58.00 to $51.00 in a report on Tuesday, November 5th. Wells Fargo & Company decreased their price target on shares of Devon Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Scotiabank decreased their target price on shares of Devon Energy from $60.00 to $48.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Barclays cut their price target on Devon Energy from $55.00 to $46.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $57.00 price objective on shares of Devon Energy in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Devon Energy presently has an average rating of “Hold” and a consensus target price of $51.15.

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.