B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Devon Energy Co. ( NYSE:DVN – Free Report ) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,614 shares of the energy company’s stock, valued at approximately $806,000. Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Triad Wealth Partners LLC purchased a new position in shares of Devon Energy in the second quarter worth $27,000. 1620 Investment Advisors Inc. bought a new position in Devon Energy during the 2nd quarter valued at about $34,000. Capital Performance Advisors LLP purchased a new stake in shares of Devon Energy during the 3rd quarter valued at about $35,000. PSI Advisors LLC grew its stake in shares of Devon Energy by 66.7% in the second quarter. PSI Advisors LLC now owns 750 shares of the energy company’s stock worth $36,000 after acquiring an additional 300 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Devon Energy during the first quarter valued at approximately $39,000. 69.72% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth DVN has been the topic of several research reports. Wells Fargo & Company dropped their target price on shares of Devon Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. TD Cowen cut their price objective on Devon Energy from $54.00 to $46.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Raymond James lowered their target price on Devon Energy from $58.00 to $51.00 in a report on Tuesday, November 5th. Piper Sandler boosted their price target on Devon Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Devon Energy from $64.00 to $51.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Devon Energy presently has a consensus rating of “Hold” and an average price target of $51.85. Devon Energy Trading Up 1.9 % Shares of DVN opened at $39.45 on Friday. The firm has a market cap of $25.91 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 1.22 and a beta of 2.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.11 and a quick ratio of 1.01. Devon Energy Co. has a 1 year low of $37.76 and a 1 year high of $55.09. The company has a 50 day simple moving average of $39.94 and a two-hundred day simple moving average of $43.95. Devon Energy ( NYSE:DVN – Get Free Report ) last posted its earnings results on Tuesday, November 5th. The energy company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.01. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Devon Energy had a net margin of 21.71% and a return on equity of 24.73%. Devon Energy’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $1.65 earnings per share. On average, equities analysts expect that Devon Energy Co. will post 4.79 earnings per share for the current fiscal year. Devon Energy Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.23%. Devon Energy’s dividend payout ratio is currently 16.33%. Devon Energy Profile ( Free Report ) 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. See Also 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 Co. ( NYSE:DVN – Free Report ). Receive News & Ratings for Devon Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Devon Energy and related companies with MarketBeat.com's FREE daily email newsletter .Austin Ekeler was concussed late in the Commanders' loss and taken to hospital for evaluationThe Chicago Bulls conclude a three-game homestand on Friday when they host Eastern Conference counterpart Charlotte Hornets, with both returning to action after lengthy breaks. Both Charlotte and Chicago last played on Sunday, going on hiatus the following four days due to their eliminations from the NBA Cup. The Hornets finished 0-4 in East Group A, and the Bulls went 2-2 in Group C. Charlotte resumes competition coming off a win, however, having snapped an eight-game losing streak with a 113-109 defeat of Indiana on Sunday. Brandon Miller led the Hornets with 26 points, including a pair of crucial free throws with seven seconds remaining that sealed the victory. The win was Charlotte's first since losing guard LaMelo Ball to a calf strain. Ball was on a tear with four straight games scoring between 32 and 50 points before sustaining the injury in the fourth quarter of the Hornets' Nov. 27 loss to Miami. Ball is averaging 31.1 points and 6.9 assists per game, both team highs. He is expected to remain out for Friday's contest, though the Charlotte Observer reported on Wednesday that he is "inching closer" to a return. No LaMelo Ball means there will not yet be an on-court reunion of brothers, as Chicago has had Lonzo Ball in the lineup for five of its last six games after his return from a nearly three-year absence. Lonzo Ball scored a season-high nine points and dished four assists in a 132-123 loss to Indiana on Dec. 6 For Charlotte, compounding the absence of LaMelo Ball is that the team has also been without Tre Mann, his backup at point guard. Mann has been sidelined since Nov. 23 with disc irritation in his back. "Our performance staff do a really good job of developing the most thoughtful plans they can," Hornets coach Charles Lee told reporters, as his team deals with a rash of injuries that also includes forward Miles Bridges. "And every injury has different boxes you have to check off." Each injury requires lineup adjustments, too. Vasilije Milic has fulfilled starting point guard duties over the last six games with Ball and Mann out, and Milic has scored at least 13 points in four of them. Chicago comes into Friday's contest a loser in its last two before its four days off, dropping decisions to Indiana and a 108-100 final to Philadelphia on Sunday. Zach LaVine, who is averaging a team-leading 22.1 points per game for the season, scored 32 and 30 in the two home defeats. LaVine's individual performance was reminiscent of a five-season stretch in Chicago before the foot injury that limited him to 25 games a season ago. The two-time All-Star averaged at least 23.7 points per game each of the five campaigns prior to last year. "There might be a game where I may need to go out there and try and lead the team offensively, but this year has been more about spurts," LaVine told the Chicago Sun-Times of him taking on a more reserved scoring role. "I don't think that's the style of play that we're playing right now." Chicago's second-leading scorer for the season, big man Nikola Vucevic (21 ppg), had muted scoring performances of 13 points in each of the two recent defeats. He previously scored 39 points in a Dec. 5 win over San Antonio. Vucevic is shooting a career-best 64.2 percent on 2-point attempts this season. Conversely, Charlotte's defense is giving up 55.8 percent shooting from inside the 3-point arc, an area for the Bulls to potentially exploit. This article first appeared on Field Level Media and was syndicated with permission.LANDOVER, Md. (AP) — Austin Ekeler was concussed in the final minute of the Washington Commanders’ loss to the Dallas Cowboys on Sunday and taken to a hospital for further evaluation. Coach Dan Quinn said he and general manager Adam Peters got to visit with Ekeler before he went to the hospital. A team spokesperson said the decision to transport Ekeler was made out of an abundance of caution. Ekeler, 29, was injured when he was tackled by Damone Clark and Nick Vigil on a kickoff return with 9 seconds left in the fourth quarter. Ekeler remained down on the field for some time being attended to by medical personnel, and players from each team knelt around him with their helmets off. Lineman Andrew Wylie was also concussed and fellow running back Brian Robinson Jr. sprained an ankle in Washington’s third consecutive defeat. Ekeler is in his first season with the Commanders after spending his first nine years in the NFL with the Los Angeles Chargers. AP NFL: https://apnews.com/hub/nfl
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