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PNC Financial Services Group Inc. Grows Holdings in Devon Energy Co. (NYSE:DVN)

PNC Financial Services Group Inc. Grows Holdings in Devon Energy Co. (NYSE:DVN)
Written by Amanda

PNC Financial Services Group Inc. increased its stake in Devon Energy Co. (NYSE:DVNFree Report) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,966 shares of the energy company’s stock after buying an additional 6,739 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Devon Energy were worth $6,772,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DVN. SPC Financial Inc. lifted its position in shares of Devon Energy by 17.3% during the third quarter. SPC Financial Inc. now owns 7,377 shares of the energy company’s stock worth $352,000 after purchasing an additional 1,090 shares during the last quarter. Nemes Rush Group LLC increased its stake in shares of Devon Energy by 4.6% during the third quarter. Nemes Rush Group LLC now owns 217,232 shares of the energy company’s stock valued at $10,362,000 after buying an additional 9,479 shares during the period. Antonetti Capital Management LLC increased its stake in shares of Devon Energy by 12.9% during the third quarter. Antonetti Capital Management LLC now owns 9,810 shares of the energy company’s stock valued at $468,000 after buying an additional 1,119 shares during the period. Waters Parkerson & CO. LLC increased its stake in shares of Devon Energy by 0.9% during the third quarter. Waters Parkerson & CO. LLC now owns 153,593 shares of the energy company’s stock valued at $7,326,000 after buying an additional 1,300 shares during the period. Finally, Greenleaf Trust grew its stake in Devon Energy by 1.7% in the third quarter. Greenleaf Trust now owns 24,443 shares of the energy company’s stock valued at $1,166,000 after purchasing an additional 403 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Devon Energy Price Performance

Shares of NYSE DVN opened at $43.46 on Tuesday. Devon Energy Co. has a 1-year low of $40.47 and a 1-year high of $57.13. The business has a 50-day moving average of $43.53 and a 200-day moving average of $46.27. 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 company has a market capitalization of $27.84 billion, a price-to-earnings ratio of 7.43, a PEG ratio of 0.16 and a beta of 2.20.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DVN shares. Morgan Stanley upgraded Devon Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $48.00 to $52.00 in a research note on Monday, December 11th. Raymond James cut their target price on Devon Energy from $53.00 to $52.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. Mizuho dropped their price target on Devon Energy from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. Pickering Energy Partners upgraded Devon Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, November 9th. Finally, Truist Financial dropped their price target 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. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Devon Energy presently has an average rating of “Moderate Buy” and an average price target of $56.65.

View Our Latest Report on DVN

Devon Energy Company 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.

Read More

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:DVNFree Report).

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



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.

Source: defenseworld.net

PNC Financial Services Group Inc. increased its stake in Devon Energy Co. (NYSE:DVNFree Report) by 5.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,966 shares of the energy company’s stock after buying an additional 6,739 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Devon Energy were worth $6,772,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DVN. SPC Financial Inc. lifted its position in shares of Devon Energy by 17.3% during the third quarter. SPC Financial Inc. now owns 7,377 shares of the energy company’s stock worth $352,000 after purchasing an additional 1,090 shares during the last quarter. Nemes Rush Group LLC increased its stake in shares of Devon Energy by 4.6% during the third quarter. Nemes Rush Group LLC now owns 217,232 shares of the energy company’s stock valued at $10,362,000 after buying an additional 9,479 shares during the period. Antonetti Capital Management LLC increased its stake in shares of Devon Energy by 12.9% during the third quarter. Antonetti Capital Management LLC now owns 9,810 shares of the energy company’s stock valued at $468,000 after buying an additional 1,119 shares during the period. Waters Parkerson & CO. LLC increased its stake in shares of Devon Energy by 0.9% during the third quarter. Waters Parkerson & CO. LLC now owns 153,593 shares of the energy company’s stock valued at $7,326,000 after buying an additional 1,300 shares during the period. Finally, Greenleaf Trust grew its stake in Devon Energy by 1.7% in the third quarter. Greenleaf Trust now owns 24,443 shares of the energy company’s stock valued at $1,166,000 after purchasing an additional 403 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors.

Devon Energy Price Performance

Shares of NYSE DVN opened at $43.46 on Tuesday. Devon Energy Co. has a 1-year low of $40.47 and a 1-year high of $57.13. The business has a 50-day moving average of $43.53 and a 200-day moving average of $46.27. 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 company has a market capitalization of $27.84 billion, a price-to-earnings ratio of 7.43, a PEG ratio of 0.16 and a beta of 2.20.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DVN shares. Morgan Stanley upgraded Devon Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $48.00 to $52.00 in a research note on Monday, December 11th. Raymond James cut their target price on Devon Energy from $53.00 to $52.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. Mizuho dropped their price target on Devon Energy from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. Pickering Energy Partners upgraded Devon Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, November 9th. Finally, Truist Financial dropped their price target 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. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Devon Energy presently has an average rating of “Moderate Buy” and an average price target of $56.65.

View Our Latest Report on DVN

Devon Energy Company 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.

Read More

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:DVNFree Report).

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



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.

Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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