Devon Energy (DVN) Getting Favorable Media Coverage, Accern Reports

Lloyd Doyle
January 14, 2018

Cohen Lawrence B who had been investing in Edwards Lifesciences Corp for a number of months, seems to be less bullish one the $25.57B market cap company. The stock increased 0.75% or $1.08 during the last trading session, reaching $145.07. Diageo plc (NYSE:DEO) has risen 12.82% since January 12, 2017 and is uptrending. It has outperformed by 14.75% the S&P500.

Mitchell Group Inc decreased its stake in Devon Energy Corp (DVN) by 9.26% based on its latest 2017Q3 regulatory filing with the SEC. New England Research & Management Inc sold 9,950 shares as the company's stock declined 13.09% while stock markets rallied. After $-0.16 actual earnings per share reported by Ideal Power Inc. for the previous quarter, Wall Street now forecasts 6.25% negative EPS growth. The stock increased 2.25% or $0.97 during the last trading session, reaching $44.04. About 7.67 million shares traded or 58.72% up from the average.

Devon Energy Corporation is an independent energy company. Stifel Nicolaus set a $66.00 target price on shares of Devon Energy and gave the stock a buy rating in a research report on Thursday, October 5th. Therefore 69% are positive. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. The firm has "Buy" rating given on Friday, April 15 by Evercore. On Thursday, September 17 the stock rating was maintained by Argus Research with "Buy". The rating was maintained by RBC Capital Markets on Thursday, February 18 with "Outperform". Cowen & Co maintained the stock with "Buy" rating in Tuesday, July 18 report. Millennium Ltd Limited Liability Company, a New York-based fund reported 4.65M shares. Great West Life Assurance Comm Can holds 0.08% in Devon Energy Corporation (NYSE:DVN) or 836,751 shares. Devon Energy Corporation (NYSE:DVN) has risen 13.24% since January 13, 2017 and is uptrending. They expect $0.29 earnings per share, down 36.96% or $0.17 from last year's $0.46 per share. UNP's profit will be $1.20B for 23.11 P/E if the $1.53 EPS becomes a reality. Devon Energy Corporation had 108 analyst reports since July 21, 2015 according to SRatingsIntel.

Investors sentiment decreased to 1 in 2017 Q3. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.87. It is negative, as 55 investors sold DVN shares while 230 reduced holdings.

Other hedge funds have also recently made changes to their positions in the company. The energy company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.07.

COPYRIGHT VIOLATION WARNING: "Devon Energy (DVN) Given a $47.00 Price Target by Royal Bank of Canada Analysts" was posted by Week Herald and is owned by of Week Herald. Lpl Ltd Co accumulated 0% or 25,003 shares. RBC Capital Markets maintained it with "Hold" rating and $1000 target in Monday, June 19 report. Hartford Invest Mngmt reported 0.08% of its portfolio in Devon Energy Corporation (NYSE:DVN). Following the completion of the transaction, the executive vice president now owns 67,900 shares of the company's stock, valued at approximately $2,599,891. Finally, Private Bank & Trust Co. increased its stake in shares of Devon Energy 0.7% in the third quarter. Valicenti Advisory Service Incorporated reported 1.16% stake. 1,478 are owned by Duncker Streett And. Fernwood Investment Management Limited Liability Com holds 0.21% or 9,200 shares in its portfolio.

Devon Energy (NYSE:DVN) last posted its quarterly earnings data on Tuesday, October 31st. Ngam Advsrs LP holds 0.07% or 192,100 shares in its portfolio. State Street Corporation accumulated 26.76M shares. Schwartz Inv Counsel stated it has 14,900 shares or 0.03% of all its holdings. Finally, Foundation Resource Management Inc. boosted its position in Devon Energy by 23.8% during the 4th quarter. The institutional investor held 126,350 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $3.06 million, down from 187,989 at the end of the previous reported quarter.

Since August 1, 2017, it had 0 insider purchases, and 5 selling transactions for $3.38 million activity. $43,200 worth of The Hershey Company (NYSE:HSY) was sold by Buck Michele on Thursday, September 7.

Kahn Brothers Group Inc, which manages about $654.54B US Long portfolio, decreased its stake in Blackberry (NASDAQ:BBRY) by 80,550 shares to 4.44M shares, valued at $49.64B in 2017Q3, according to the filing. TISCH JAMES S had bought 100,000 shares worth $2.46M on Tuesday, August 22.

Investors sentiment increased to 1.06 in Q3 2017. Its up 0.48, from 1.47 in 2017Q2. It also reduced its holding in Citigroup Inc. 106.96 million shares or 0.83% less from 107.85 million shares in 2017Q2 were reported. Barrett Asset Management Ltd Llc stated it has 2,000 shares. Carroll Fincl Associate reported 1,673 shares stake. Glg Limited Liability Com owns 25,189 shares or 0.06% of their United States portfolio. Lincoln Corporation has invested 0.17% in General Electric Company (NYSE:GE). Massachusetts-based Eaton Vance Mngmt has invested 0.16% in The Hershey Company (NYSE:HSY). It also upped Verizon Communications Inc (NYSE:VZ) stake by 8,812 shares and now owns 4.40 million shares. Piedmont Invest Limited Company accumulated 14,855 shares. Institutional investors own 77.44% of the company's stock. Suntrust Banks Inc holds 0.03% or 146,513 shares. Coho Prtn Limited has invested 0.01% of its portfolio in The Hershey Company (NYSE:HSY).

Camber Capital Management Llc holds 7.91% of its portfolio in Nektar Therapeutics for 5.20 million shares. Parsec Financial owns 881,639 shares.

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