Published: Mon, April 16, 2018
Business | By Tara Barton

Scotia Howard Weill Reaffirms Sector Outperform Rating for Devon Energy (DVN)

DVN reached $33.6 on during the last trading session after $0.77 change.Currently Devon Energy Corporation is downtrending after 18.44% change in last April 15, 2017.

Bluestein R H & Company, which manages about $2.94B and $1.93 billion US Long portfolio, decreased its stake in Salesforce.Com Inc (NYSE:CRM) by 13,702 shares to 288,424 shares, valued at $29.49M in 2017Q4, according to the filing. The stock of Devon Energy Corporation (NYSE:DVN) has "Outperform" rating given on Wednesday, December 9 by RBC Capital Markets. DVN underperformed by 29.99% the S&P 500.

Gardner Russo & Gardner Llc decreased Microsoft Corp (MSFT) stake by 91.09% reported in 2017Q4 SEC filing. Tcw owns 33,989 shares. The Veritas Investment Management Llp holds 718,928 shares with $52.16M value, up from 714,708 last quarter. Microsoft Corp now has $716.70 billion valuation.

The stock increased 0.19% or GBX 0.3 during the last trading session, reaching GBX 156.8. About 1.98 million shares traded.

Devon Energy Corp (DVN) investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.27, from 1.38 in 2017Q3. It fall, as 39 investors sold MSFT shares while 1012 reduced holdings. On Wednesday, November 22 Piper Jaffray maintained the shares of DVN in report with "Hold" rating. Blume Mgmt Inc owns 89,321 shares. Catalyst Capital Advisors LLC bought a new stake in shares of Devon Energy Corp during the third quarter worth about $136,000. 30,765 are held by American Research Management. Victory Cap Mngmt invested in 0.54% or 6.24 million shares. Park Corporation Oh accumulated 5,079 shares.

On May, 1 WallStreet anticipated Devon Energy Corporation (NYSE:DVN)'s earnings release, as reported by RTT. earnings per share of $0.42 is 2.44 % up from 2017's $0.41 EPS. Charter Tru stated it has 94,647 shares. Also, the number of active investment managers holding Devon Energy Corp in top ten positions increased from 7 to 8 for an increase of 1. Last year's EPS was $0.41, while now analysts expect change of 2.44 % up from current $0.42 EPS. If $0.42 is reported, DVN's profit will be $220.96M for 20.00 P/E. This is a boost from Devon Energy's previous quarterly dividend of $0.06.

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Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 6 Hold. Therefore 70% are positive. Devon Energy Corporation had 128 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Thursday, February 25 by Berenberg. Wolfe Research downgraded the shares of CVS in report on Monday, August 14 to "Peer Perform" rating. The stock of Pets at Home Group Plc (LON:PETS) has "Buy" rating given on Monday, September 7 by Liberum Capital. The company was maintained on Thursday, July 13 by Stifel Nicolaus. The stock of Microsoft Corporation (NASDAQ:MSFT) has "Buy" rating given on Tuesday, April 19 by Nomura. Finally, Seaport Global Securities raised shares of Devon Energy from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 19th. The firm has "Hold" rating by FBR Capital given on Friday, March 9. Salem Capital Incorporated, Massachusetts-based fund reported 83,067 shares.

Since February 16, 2018, it had 0 buys, and 3 sales for $930,912 activity. The insider GESCHKE CHARLES M sold $3.97M.

Investors sentiment decreased to 1.11 in 2017 Q4. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.45 and a current ratio of 1.45. It turned negative, as 51 investors sold DVN shares while 257 reduced holdings. 134 funds opened positions while 380 raised stakes. 404.83 million shares or 2.08% more from 396.57 million shares in 2017Q3 were reported. Asset Management accumulated 0.01% or 18,262 shares. Moreover, Jpmorgan Chase has 0.02% invested in Devon Energy Corporation (NYSE:DVN) for 2.00M shs. Nuwave Inv Management holds 0.13% or 2,686 shares in its portfolio. Virginia Retirement Et Al invested 0.15% in Devon Energy Corporation (NYSE:DVN). 3,445 are owned by Advisory Serv Networks Ltd Limited Liability Company. Taylor Hoffman Wealth Management purchased a new position in shares of Devon Energy during the 4th quarter worth approximately $102,000. Brown Advisory Inc stated it has 20,752 shares. The company was maintained on Tuesday, January 23 by Numis Securities. State Board Of Administration Of Florida Retirement Sys stated it has 771,036 shares. Ladenburg Thalmann Financial Services Inc. now owns 17,658 shares of the energy company's stock worth $648,000 after purchasing an additional 1,329 shares during the period. Monetary Management Inc holds 0.27% or 16,100 shares.

COPYRIGHT VIOLATION WARNING: "MetLife Investment Advisors LLC Buys Shares of 162,598 Devon Energy (DVN)" was originally reported by and is owned by of Zacks Investment Research raised shares of Devon Energy Corp from a "hold" rating to a "buy" rating and set a $53.00 target price for the company in a research note on Thursday, January 12th.

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