Dana Investment Advisors Inc. Sells 19,705 Shares of Devon Energy Corporation (DVN), Report finds

Dana Investment Advisors Inc. Sells 19,705 Shares of Devon Energy Corporation (DVN), Report finds

Dana Investment Advisors Inc. decreased its position in Devon Energy Corporation (NYSE:DVN) by 41.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,726 shares of the energy company’s stock after selling 19,705 shares during the period. Dana Investment Advisors Inc.’s holdings in Devon Energy Corporation were worth $1,223,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DVN. Concert Wealth Management Inc. increased its position in shares of Devon Energy Corporation by 1.5% in the second quarter. Concert Wealth Management Inc. now owns 10,490 shares of the energy company’s stock worth $381,000 after buying an additional 159 shares during the period. Hedeker Wealth LLC acquired a new position in shares of Devon Energy Corporation during the second quarter worth about $223,000. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Devon Energy Corporation by 2.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 35,520 shares of the energy company’s stock worth $1,287,000 after buying an additional 703 shares during the period. Ashburton Jersey Ltd increased its position in shares of Devon Energy Corporation by 74.6% in the second quarter. Ashburton Jersey Ltd now owns 55,450 shares of the energy company’s stock worth $2,010,000 after buying an additional 23,700 shares during the period. Finally, Kornitzer Capital Management Inc. KS acquired a new position in shares of Devon Energy Corporation during the second quarter worth about $610,000. Hedge funds and other institutional investors own 77.40% of the company’s stock.

Devon Energy Corporation (NYSE:DVN) traded down 0.18% during trading on Wednesday, hitting $44.06. The stock had a trading volume of 4,356,073 shares. Devon Energy Corporation has a 12-month low of $18.07 and a 12-month high of $50.69. The company’s market cap is $23.07 billion. The company has a 50 day moving average of $46.37 and a 200-day moving average of $43.61.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 13th. Devon Energy Corporation’s dividend payout ratio (DPR) is presently -1.28%.

A number of equities analysts recently issued reports on DVN shares. Wells Fargo & Company downgraded Devon Energy Corporation from an “outperform” rating to a “market perform” rating and set a $50.00 price target for the company. in a report on Wednesday, January 11th. Seaport Global Securities raised Devon Energy Corporation from a “neutral” rating to a “buy” rating in a report on Friday, December 9th. KLR Group raised Devon Energy Corporation from an “accumulate” rating to a “buy” rating and set a $53.00 price target for the company in a report on Friday, January 20th. Zacks Investment Research raised Devon Energy Corporation from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Thursday, January 12th. Finally, Societe Generale downgraded Devon Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, November 30th. Fourteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.23.

Devon Energy Corporation Company Profile

Devon Energy Corporation (Devon) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company’s operations are concentrated in various North American onshore areas in the United States and Canada. The Company also produces over 1.6 billion cubic feet of natural gas a day and approximately 135 thousand barrels of NGLs per day.

Want to see what other hedge funds are holding DVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Devon Energy Corporation (NYSE:DVN).

Related posts

Leave a Comment

Dana Investment Advisors Inc. Sells 19,705 Shares of Devon Energy Corporation (DVN)

Dana Investment Advisors Inc. Sells 19,705 Shares of Devon Energy Corporation (DVN)

Dana Investment Advisors Inc. decreased its position in Devon Energy Corporation (NYSE:DVN) by 41.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,726 shares of the energy company’s stock after selling 19,705 shares during the period. Dana Investment Advisors Inc.’s holdings in Devon Energy Corporation were worth $1,223,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DVN. Concert Wealth Management Inc. increased its position in shares of Devon Energy Corporation by 1.5% in the second quarter. Concert Wealth Management Inc. now owns 10,490 shares of the energy company’s stock worth $381,000 after buying an additional 159 shares during the period. Hedeker Wealth LLC acquired a new position in shares of Devon Energy Corporation during the second quarter worth about $223,000. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Devon Energy Corporation by 2.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 35,520 shares of the energy company’s stock worth $1,287,000 after buying an additional 703 shares during the period. Ashburton Jersey Ltd increased its position in shares of Devon Energy Corporation by 74.6% in the second quarter. Ashburton Jersey Ltd now owns 55,450 shares of the energy company’s stock worth $2,010,000 after buying an additional 23,700 shares during the period. Finally, Kornitzer Capital Management Inc. KS acquired a new position in shares of Devon Energy Corporation during the second quarter worth about $610,000. Hedge funds and other institutional investors own 77.40% of the company’s stock.

Devon Energy Corporation (NYSE:DVN) traded down 0.18% during trading on Wednesday, hitting $44.06. The stock had a trading volume of 4,356,073 shares. Devon Energy Corporation has a 12-month low of $18.07 and a 12-month high of $50.69. The company’s market cap is $23.07 billion. The company has a 50 day moving average of $46.37 and a 200-day moving average of $43.61.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 13th. Devon Energy Corporation’s dividend payout ratio (DPR) is presently -1.28%.

A number of equities analysts recently issued reports on DVN shares. Wells Fargo & Company downgraded Devon Energy Corporation from an “outperform” rating to a “market perform” rating and set a $50.00 price target for the company. in a report on Wednesday, January 11th. Seaport Global Securities raised Devon Energy Corporation from a “neutral” rating to a “buy” rating in a report on Friday, December 9th. KLR Group raised Devon Energy Corporation from an “accumulate” rating to a “buy” rating and set a $53.00 price target for the company in a report on Friday, January 20th. Zacks Investment Research raised Devon Energy Corporation from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Thursday, January 12th. Finally, Societe Generale downgraded Devon Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, November 30th. Fourteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.23.

Devon Energy Corporation Company Profile

Devon Energy Corporation (Devon) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company’s operations are concentrated in various North American onshore areas in the United States and Canada. The Company also produces over 1.6 billion cubic feet of natural gas a day and approximately 135 thousand barrels of NGLs per day.

Want to see what other hedge funds are holding DVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Devon Energy Corporation (NYSE:DVN).

Related posts

Leave a Comment