Devon Energy Corp/de (DVN) Files Form 4 Insider Selling : Robert H. Henry Sells 7,100 Shares

Devon Energy Corp/de (DVN): Robert H. Henry , director of Devon Energy Corp/de sold 7,100 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were sold at $37.43 per share for a total value of $265,753.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 6, 2016, Barbara M Baumann (director) purchased 8,200 shares at $30.44 per share price.On Dec 22, 2015, John E Bethancourt (director) purchased 10,000 shares at $28.94 per share price.Also, On Jun 11, 2015, Robert A Jr Mosbacher (director) sold 3,200 shares at $64.00 per share price.On May 15, 2015, Frank W Rudolph (EVP HUMAN RESOURCES) sold 1,800 shares at $65.95 per share price.

Devon Energy Corp: On Monday, Jun 20, 2016 heightened volatility was witnessed in Devon Energy Corp which led to swings in the share price. The shares opened for trading at $36.8 and hit $37.76 on the upside , eventually ending the session at $37.32, with a gain of 3.72% or 1.34 points. The heightened volatility saw the trading volume jump to 95,09,719 shares. The 52-week high of the share price is $61.79 and the company has a market cap of $19,556 M . The 52-week low of the share price is at $18.07.

Devon Energy Corp Money Flow Index Chart

On Jun 8, 2016, Devon Energy Corp announced a cash dividend of $0.0600. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Sep 30, 2016.

Company has been under the radar of several Street Analysts.Devon Energy Corp is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 41 from a previous price target of $40 .The Rating was issued on Jun 16, 2016.Devon Energy Corp is Upgraded by Johnson Rice to Accumulate. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on May 19, 2016.Devon Energy Corp is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 34 from a previous price target of $26 .The Rating was issued on May 5, 2016.Devon Energy Corp is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 41 from a previous price target of $36 .The Rating was issued on May 4, 2016.Devon Energy Corp is Initiated by Wunderlich to Buy and the brokerage firm has set the Price Target at $40. The Rating was issued on Apr 27, 2016.

Devon Energy Corporation (Devon) is an independent energy company engaged in the exploration development and production of oil natural gas and natural gas liquids (NGLs). The Company’s operations are concentrated in various North American onshore areas in the United States and Canada. Devon has approximately 689 Million Barrels of Oil Equivalent (MMBoe) of proved undeveloped reserves. The Company operates through three segments: U.S. Canada and EnLink. The Company’s projects in North America include Anadarko Basin Barnett Shale Mississippian-Woodford Trend Permian Basin Rockies and Canadian Heavy Oil. EnLink’s operations consist of midstream assets and operations located across the United States. In Canada the company has two main projects Jackfish and Pike located in Alberta Canada. In addition its Lloydminster properties are located to the south and east of Jackfish in eastern Alberta.

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