From MarketBeat:

Argent Trust Co boosted its stake in Devon Energy Co. (NYSE:DVN) by 22.1% during the 3rd quarter, bringing their holdings to 86,795 shares, valued at $4,140,000. Many other hedge funds and institutional investors also increased or decreased their stakes in the stock, with 68.34% of the stock belonging to institutional investors and hedge funds.

Devon Energy stock traded down 1.2% to $41.30, with a 1-year low of $40.51 and a high of $64.40. The company has a market cap of $26.46 billion and has a price-to-earnings ratio of 7.06, with a beta of 2.20. Devon Energy last posted earnings of $1.65 per share, beating the forecast of $1.56 per share.

Devon Energy also announced a quarterly dividend, with a 7.46% annualized dividend yield and 13.68% dividend payout ratio. Several equities research analysts have recently issued reports on the stock, with a consensus target price of $56.65 and a moderate buy rating. Devon Energy Corporation is an independent energy company, headquartered in Oklahoma City, Oklahoma.



Read more: Argent Trust Co Boosts Stake in Devon Energy Co. (NYSE:DVN)