Mitsubishi UFJ Trust & Banking Corp Sells 28,067 Shares of Devon Energy Co. (NYSE:DVN)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Devon Energy Co. (NYSE:DVNFree Report) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 460,032 shares of the energy company’s stock after selling 28,067 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Devon Energy were worth $21,944,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new position in shares of Devon Energy during the first quarter worth $26,000. Fortis Capital Advisors LLC acquired a new position in shares of Devon Energy during the fourth quarter worth $31,000. KB Financial Partners LLC acquired a new position in Devon Energy in the first quarter valued at $26,000. Coppell Advisory Solutions LLC acquired a new position in Devon Energy in the second quarter valued at $25,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Devon Energy in the third quarter valued at $27,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Devon Energy Trading Down 1.9 %

NYSE:DVN opened at $41.59 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.96 and a quick ratio of 0.89. The firm has a 50-day moving average of $43.68 and a 200-day moving average of $46.68. The company has a market cap of $26.65 billion, a PE ratio of 7.11, a PEG ratio of 0.15 and a beta of 2.20. Devon Energy Co. has a one year low of $40.47 and a one year high of $64.40.

Analyst Ratings Changes

Several research firms recently issued reports on DVN. Raymond James dropped their target price on shares of Devon Energy from $53.00 to $52.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th. Mizuho dropped their target price on shares of Devon Energy from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 11th. Susquehanna dropped their target price on shares of Devon Energy from $72.00 to $62.00 and set a “positive” rating on the stock in a report on Wednesday, October 18th. Stifel Nicolaus dropped their target price on shares of Devon Energy from $77.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Finally, Sanford C. Bernstein lowered shares of Devon Energy from an “outperform” rating to a “market perform” rating and set a $48.00 target price on the stock. in a report on Tuesday, October 17th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Devon Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.65.

View Our Latest Research Report on DVN

About Devon Energy

(Free Report)

Devon Energy Corporation, an independent energy company, explores for, develops, and produces oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Anadarko, Williston, Eagle Ford, and Powder River Basin. The company was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.

See Also

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Institutional Ownership by Quarter for Devon Energy (NYSE:DVN)

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