Newbridge Financial Services Group Inc. Has $91,000 Stock Position in Devon Energy Co. (NYSE:DVN)

Newbridge Financial Services Group Inc. lessened its stake in Devon Energy Co. (NYSE:DVN) by 35.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,779 shares of the energy company’s stock after selling 1,546 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Devon Energy were worth $91,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DVN. EnCap Energy Capital Fund XI L.P. acquired a new position in shares of Devon Energy in the 3rd quarter valued at approximately $461,857,000. EnCap Partners GP LLC bought a new position in Devon Energy in the third quarter valued at approximately $408,653,000. EnCap Energy Capital Fund X L.P. acquired a new position in Devon Energy during the third quarter valued at approximately $230,928,000. International Assets Investment Management LLC lifted its stake in Devon Energy by 4,125.7% during the third quarter. International Assets Investment Management LLC now owns 2,280,961 shares of the energy company’s stock worth $89,231,000 after purchasing an additional 2,226,983 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Devon Energy by 16.9% in the 3rd 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. Institutional investors own 69.72% of the company’s stock.

Devon Energy Trading Up 3.3 %

DVN opened at $34.24 on Tuesday. Devon Energy Co. has a twelve month low of $30.39 and a twelve month high of $55.09. The company has a fifty day moving average of $34.41 and a 200-day moving average of $38.87. The stock has a market cap of $22.49 billion, a PE ratio of 6.35, a price-to-earnings-growth ratio of 1.04 and a beta of 1.98. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.61.

Analyst Upgrades and Downgrades

DVN has been the subject of a number of research analyst reports. StockNews.com raised Devon Energy from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Mizuho dropped their target price on shares of Devon Energy from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. lowered shares of Devon Energy from an “overweight” rating to a “neutral” rating and set a $43.00 price target on the stock. in a report on Thursday, December 5th. Wells Fargo & Company dropped their price objective on shares of Devon Energy from $49.00 to $43.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, Citigroup lowered their price target on shares of Devon Energy from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Devon Energy has a consensus rating of “Moderate Buy” and a consensus target price of $49.45.

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.