Compagnie Lombard Odier SCmA Has $82,000 Stock Position in Devon Energy Co. (NYSE:DVN)

Compagnie Lombard Odier SCmA decreased its position in Devon Energy Co. (NYSE:DVN) by 37.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,512 shares of the energy company’s stock after selling 1,500 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Devon Energy were worth $82,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Devon Energy in the 3rd quarter valued at $35,000. True Wealth Design LLC grew its holdings in shares of Devon Energy by 3,889.3% in the 3rd quarter. True Wealth Design LLC now owns 1,117 shares of the energy company’s stock valued at $44,000 after buying an additional 1,089 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of Devon Energy by 29.8% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,263 shares of the energy company’s stock valued at $49,000 after buying an additional 290 shares during the period. Activest Wealth Management grew its holdings in shares of Devon Energy by 60.4% in the 3rd quarter. Activest Wealth Management now owns 1,275 shares of the energy company’s stock valued at $50,000 after buying an additional 480 shares during the period. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of Devon Energy in the 4th quarter valued at $52,000. Institutional investors and hedge funds own 69.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DVN shares. Truist Financial cut their price objective on shares of Devon Energy from $43.00 to $42.00 and set a “hold” rating on the stock in a research report on Monday, January 13th. Piper Sandler boosted their price objective on shares of Devon Energy from $53.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Raymond James boosted their price objective on shares of Devon Energy from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. TD Cowen cut their price objective on shares of Devon Energy from $54.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Finally, Mizuho cut their price objective 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. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Devon Energy presently has a consensus rating of “Moderate Buy” and an average price target of $49.45.

Devon Energy Stock Up 1.3 %

DVN opened at $34.68 on Friday. The stock’s fifty day simple moving average is $34.27 and its 200 day simple moving average is $38.65. Devon Energy Co. has a 1-year low of $30.39 and a 1-year high of $55.09. The stock has a market cap of $22.78 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 1.04 and a beta of 1.98. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.

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.