Devon Energy Corporation (NYSE:DVN) enjoyed a 32.11% run-up in share price since hitting record low of $20.37. The stock managed 3.66% rise and now stands at $26.91 as of 02/13/2019. At recent session, the prices were hovering between $26.095 and $27.17. This company shares are 37.83% off its target price of $37.09 and the current market capitalization stands at $12.79B. The recent change has given its price a 4.69% lead over SMA 50 and -42.18% deficit over its 52-week high. The stock witnessed 2.83% gains, -18.48% declines and -36.04% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found DVN’s volatility during a week at 4.11% and during a month it has been found around 3.02%.

Devon Energy Corporation (DVN) Top Holders

Institutional investors currently hold around $9.82 billion or 85.8% in DVN stock. Look at its top three institutional owners. Vanguard Group Inc owns $1.36 billion in Devon Energy Corporation, which represents roughly 10.66% of the company’s market cap and approximately 13.89% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 43,024,193 shares of the stock are valued at $1.12 billion. The third largest holder is Invesco Ltd., which currently holds $658.06 million worth of this stock and that ownership represents nearly 5.15% of its market capitalization.

Devon Energy Corporation 13F Filings

At the end of September reporting period, 242 institutional holders increased their position in Devon Energy Corporation (NYSE:DVN) by some 28,373,868 shares, 449 decreased positions by 68,139,112 and 109 held positions by 281,681,986. That puts total institutional holdings at 378,194,966 shares, according to SEC filings. The stock grabbed 62 new institutional investments totaling 3,755,852 shares while 127 institutional investors sold out their entire positions totaling 12,240,563 shares.

Devon Energy Corporation (NYSE:DVN) Insider Trades

Multiple company employees have indulged in significant insider trading. Devon Energy Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Henry Robert H. has sold 5,600 shares of Devon Energy Corporation (DVN) in trading session dated Aug. 21, 2018. These shares are worth $235,984 and were traded at $42.14 each. The SEC filing shows that Taylor Lyndon C performed a sale of 18,357 shares. The EVP GENERAL COUNSEL disposed these shares by way of transaction on Jun. 11, 2018. The company’s shares were given away at $42.09 per share worth to an income of some $772,646 on account of Taylor Lyndon C.

Director, Bethancourt John E, purchased 12,000 common shares of Devon Energy Corporation (DVN) in the open market. In a transaction dated Jun. 07, 2018, the shares were bought at an average price of $41.9, giving away a sum of $502,800. After this purchase, 56,469 common shares of DVN are directly owned by the insider, with total stake valued at $1,519,581.

In the transaction dated Dec. 14, 2017, the great number of shares disposed came courtesy the EVP GENERAL COUNSEL; Taylor Lyndon C disposed a total of 12,798 shares at an average price of $38.29, amounting to approximately $490,035. The insider now directly owns 55,141 shares worth $1,483,844.

Devon Energy Corporation (DVN) Analyst Guide

Several analysts have released their opinion on Devon Energy Corporation (NYSE:DVN), with 9 analysts believing it is a strong buy. Whereas 14 of them predict the stock is a hold. Also, there are 11 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.15 average brokerage recommendation.