Published: Thu, February 15, 2018
Business | By Tara Barton

The HighTower Advisors LLC Trims Holdings in Devon Energy Corporation (DVN)


With 100 avg volume, 26541 days are for SANRIO COMPANY LTD (OTCMKTS:SNROF)'s short sellers to cover SNROF's short positions. Alyeska Investment Group L.P. now owns 1,835,864 shares of the energy company's stock worth $67,395,000 after acquiring an additional 1,792,334 shares during the period. About 6.46 million shares traded or 29.82% up from the average. PPL Corporation (NYSE:PPL) has risen 2.43% since February 15, 2017 and is uptrending. It has outperformed by 64.53% the S&P500.

Murphy Pohlad Asset Management Llc increased Devon Energy Corp New (DVN) stake by 89.01% reported in 2017Q3 SEC filing. Advisor Group Inc. now owns 27,413 shares of the energy company's stock valued at $763,000 after buying an additional 3,323 shares during the period. Devon Energy Corp New now has $17.65B valuation. The stock increased 2.86% or $0.99 during the last trading session, reaching $35.56. The stock of Devon Energy Corporation (NYSE:DVN) earned "Hold" rating by FBR Capital on Monday, February 5. It has underperformed by 3.46% the S&P500.

While take a short look on price to sales ratio, that was 1.47 and price to earning ration of 12.09 attracting passive investors. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. 58 funds opened positions while 226 raised stakes. 184.83 million shares or 6.77% more from 173.11 million shares in 2017Q2 were reported. X Management Ltd Liability Company, New York-based fund reported 319,483 shares. Moreover, Daiwa Incorporated has 0% invested in EQT Corporation (NYSE:EQT). 1832 Asset Management Lp owns 453,501 shares. Thompson Rubinstein Inv Management Inc Or reported 73,855 shares. 60,000 were accumulated by Skytop Capital Llc. Morgan Stanley holds 0.01% or 382,292 shares in its portfolio. 37,684 were reported by Roanoke Asset Ny. Td Capital Mngmt Ltd stated it has 201 shares or 0% of all its holdings. Brighton Jones invested in 0.03% or 1,978 shares. Gluskin Sheff invested 0.15% in Devon Energy Corporation (NYSE:DVN). (NASDAQ:TTWO). Pier Capital Limited Liability Corporation reported 80,780 shares or 1.43% of all its holdings. Focused Wealth Mgmt accumulated 351 shares or 0% of the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Apache Corporation had 95 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, January 11 the stock rating was upgraded by Barclays Capital to "Overweight". KLR Group lowered shares of Devon Energy from a "buy" rating to a "hold" rating and set a $49.00 price objective on the stock.in a report on Tuesday, January 23rd. The rating was maintained by KeyBanc Capital Markets with "Hold" on Wednesday, November 15. The company was downgraded on Wednesday, October 28 by UBS. Citigroup maintained the stock with "Buy" rating in Thursday, April 7 report. (NASDAQ:TTWO) on Thursday, February 4 with "Neutral" rating. The rating was maintained by Stifel Nicolaus with "Hold" on Friday, September 1. Jefferies maintained it with "Sell" rating and $38.0 target in Monday, November 6 report. The firm has "Neutral" rating by Seaport Global given on Wednesday, January 13. The company has market cap of $1.43 billion. The firm offers its products under the Rockstar Games and 2K labels. It has a 34.31 P/E ratio. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and virtual currency; and releasing titles for smartphones and tablets. BMO Capital Markets set a $45.00 price objective on Devon Energy Corporation and gave the stock a "buy" rating in a research note on Tuesday, October 10th. Therefore 63% are positive.

Devon Energy Corporation is an independent energy company. The rating was downgraded by Goldman Sachs to "Sell" on Tuesday, January 17. The firm earned "Sector Perform" rating on Thursday, August 6 by Peters & Co. (NASDAQ:CONE) has "Buy" rating given on Monday, July 10 by Jefferies. The rating was maintained by Credit Suisse with "Buy" on Tuesday, January 23. The stock has "Peer Perform" rating by Wolfe Research on Friday, February 19. The company was upgraded on Thursday, November 12 by Guggenheim. The firm has "Buy" rating by RBC Capital Markets given on Thursday, July 20. Morgan Stanley boosted their price target on Devon Energy from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 18th. UBS has "Sell" rating and $30 target.

Investors sentiment increased to 1.08 in Q3 2017. Its down 0.08, from 1.08 in 2017Q2.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in shares of Devon Energy by 65.2% during the third quarter. "Acquires 5,510 Shares of Devon Energy Corp (NYSE:DVN)" was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. Arizona State Retirement accumulated 130,274 shares. Bremer National Association, a Minnesota-based fund reported 7,457 shares. 481,061 are held by British Columbia Invest Management. Stoneridge Investment Prns Ltd Liability Com invested in 0.52% or 90,142 shares. Devon Energy Corporation (NYSE:DVN) has risen 13.24% since February 15, 2017 and is uptrending. About 4.49 million shares traded or 21.00% up from the average. Michigan-based Arcadia Investment Mgmt Mi has invested 0% in Devon Energy Corporation (NYSE:DVN). Whittier Trust invested 0.01% in Devon Energy Corporation (NYSE:DVN). Jones Financial Cos Lllp reported 0% stake.

Devon Energy Corporation (NYSE:DVN) gross margin percentage stands at 86.9% while its operating margin for the past trailing twelve month is 15.9 percent and its overall profit margin (ttm) is 12 Percent.

Shares of Devon Energy (DVN) opened at $35.56 on Tuesday. Benchmark Cap Advisors owns 41,753 shares or 1.19% of their USA portfolio.

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