Canada Pension Plan Investment Board Has $8.30 Million Holdings in Devon Energy Co. (NYSE:DVN)

Canada Pension Plan Investment Board raised its stake in shares of Devon Energy Co. (NYSE:DVNFree Report) by 394.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,007 shares of the energy company’s stock after acquiring an additional 138,787 shares during the period. Canada Pension Plan Investment Board’s holdings in Devon Energy were worth $8,300,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Atria Investments Inc lifted its stake in Devon Energy by 64.4% during the 3rd quarter. Atria Investments Inc now owns 54,639 shares of the energy company’s stock valued at $2,606,000 after acquiring an additional 21,400 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Devon Energy by 3.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 67,064 shares of the energy company’s stock worth $3,242,000 after purchasing an additional 2,302 shares during the period. Point72 Europe London LLP bought a new stake in shares of Devon Energy during the 2nd quarter worth $15,068,000. National Bank of Canada FI raised its stake in shares of Devon Energy by 548.8% during the 3rd quarter. National Bank of Canada FI now owns 840,334 shares of the energy company’s stock worth $38,356,000 after purchasing an additional 710,811 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Devon Energy by 224.8% during the 3rd quarter. SG Americas Securities LLC now owns 151,305 shares of the energy company’s stock worth $7,217,000 after purchasing an additional 104,716 shares during the period. 68.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DVN has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their target price on Devon Energy from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 22nd. UBS Group lowered their target price on Devon Energy from $52.00 to $48.00 and set a “neutral” rating on the stock in a research note on Thursday, December 14th. Truist Financial lowered their target price on Devon Energy from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Mizuho decreased their price objective on Devon Energy from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 11th. Finally, Raymond James decreased their price objective on Devon Energy from $53.00 to $52.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Devon Energy currently has an average rating of “Moderate Buy” and a consensus price target of $56.65.

Read Our Latest Analysis on DVN

Devon Energy Stock Performance

Shares of DVN opened at $42.24 on Tuesday. The company has a market cap of $27.06 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 0.15 and a beta of 2.20. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average price of $43.63 and a 200-day moving average price of $46.61. Devon Energy Co. has a 12-month low of $40.47 and a 12-month high of $64.40.

Devon Energy Profile

(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

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

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