Published: Fri, May 04, 2018
Business | By Tara Barton

Devon Energy (DVN) Receives $46.11 Average PT from Brokerages


Scotiabank cut shares of Devon Energy to a "buy" rating and set a $50.00 price target on the stock.in a report on Thursday, April 12th. About 53,617 shares traded. General Motors Company (NYSE:GM) has risen 0.46% since May 3, 2017 and is uptrending. It has outperformed by 58.36% the S&P500. Bb&T Corp reported 74,141 shs stake. This repurchase authorization permits the energy company to reacquire shares of its stock through open market purchases. The institutional investor held 88,150 shares of the oil & gas production company at the end of 2017Q4, valued at $3.65M, up from 55,000 at the end of the previous reported quarter. Capital One downgraded shares of Devon Energy from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, January 10th. The stock increased 6.58% or $2.38 during the last trading session, reaching $38.58. About 1.05M shares traded. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.85 billion.

Jennison Associates Llc, which manages about $101.25 billion US Long portfolio, decreased its stake in Eaton Corp Plc (NYSE:ETN) by 278,718 shares to 977,794 shares, valued at $77.26M in 2017Q4, according to the filing. The company's stock declined 23.72% with the market as Mitchell Group Inc sold 87,900 shares. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and nineteen have given a buy recommendation to the company. Therefore 78% are positive. Also, the number of investment professionals holding Antares Pharma Inc in top ten stock positions was flat from 1 to 1 for the same number. The firm earned "Neutral" rating on Wednesday, June 21 by Seaport Global. Visa Inc now has $285.60B valuation. (NASDAQ:STMP) rating on Friday, August 7. Wunderlich has "Buy" rating and $40 target. The company was maintained on Wednesday, April 27 by Cowen & Co. Mizuho has "Buy" rating and $115.0 target. The firm has "Buy" rating given on Thursday, February 22 by FBR Capital. Susquehanna maintained the shares of DVN in report on Tuesday, January 26 with "Positive" rating. The stock has "Overweight" rating by JP Morgan on Wednesday, May 4. The firm earned "Buy" rating on Thursday, February 22 by Roth Capital. Biggar Lynne had sold 1,712 shares worth $205,440. (NASDAQ:FB) shares. 38,042 shares valued at $6.77 million were sold by Schroepfer Michael Todd on Tuesday, December 12. MAHON TULLIER KELLY sold $5.65 million worth of stock or 49,702 shares.

Investors sentiment increased to 1.06 in Q4 2017. It has change of 0.08, from 2017Q3's 1. Newbrook Cap Advisors Ltd Partnership invested in 186,453 shares or 2.36% of the stock. The company beat the analyst EPS Estimate with the difference of $0.01.

Investors sentiment increased to 0.9 in Q4 2017. Smith Asset Management Group LP lifted its position in shares of Devon Energy by 6.1% in the fourth quarter. First Interstate Retail Bank has invested 0.01% of its portfolio in General Motors Company (NYSE:GM). (NASDAQ:FB). Compton Management Ri has invested 1.2% in Facebook, Inc. Metropolitan Life Insur Communication New York has 5,106 shares. 69,699 shares were sold by Dolsten Mikael, worth $2.55 million on Friday, March 9. 8,924 are owned by Quantitative Systematic Strategies Llc. Dana Investment invested in 68,171 shares. Plante Moran Fincl Advsr Lc reported 253 shares. Bankshares Of America De holds 0% or 75,349 shares. Investec Asset Mngmt Limited, United Kingdom-based fund reported 409,575 shs. Gideon Cap Advisors Inc invested in 0.42% or 11,448 shares. East Coast Asset Management Limited Company has invested 5.32% in Apple Inc.

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Equities analysts forecast that Devon Energy (NYSE:DVN) will post $0.24 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Therefore 66% are positive.

Devon Energy Corporation has a consensus outperform rating from 32 Wall Street analysts, and the number of shares now sold short amount to at least 2.64% of shares outstanding. (NASDAQ:FB) has "Buy" rating given on Tuesday, March 20 by SunTrust. It also reduced its holding in Freeport (NYSE:FCX) by 128,636 shares in the quarter, leaving it with 326,646 shares, and cut its stake in Valero Energy Corp New (NYSE:VLO). On Monday, April 3 the stock rating was maintained by Credit Suisse with "Buy". The stock has "Buy" rating by Stifel Nicolaus on Thursday, July 13. The company presently has an average rating of "Buy" and a consensus target price of $45.35. The mean rating score for this stock is at 2.10. Firm's net income measured an average growth rate of 16.20%. The firm has "Buy" rating given on Monday, September 14 by Citigroup. Its up 0.03, from 0.7 in 2017Q3. It dropped, as 51 investors sold DVN shares while 257 reduced holdings. 94 funds amassed holdings and 188 increased holdings. Lincluden Management Ltd. owned about 0.05% of Devon Energy worth $8,428,000 at the end of the most recent reporting period. M&T Bancshares Corp holds 0.01% or 36,918 shares in its portfolio.

Devon Energy (NYSE:DVN) last issued its earnings results on Tuesday, May 1st. Parkside Natl Bank & accumulated 857 shares. State Board Of Administration Of Florida Retirement Systems holds 771,036 shares. Valley National Advisers Incorporated reported 0% in Devon Energy Corporation (NYSE:DVN). Peak6 Invests Limited Partnership owns 148,341 shares or 0.03% of their USA portfolio. Hoertkorn Richard Charles holds 37,340 shares or 0.92% of its portfolio. Kbc Grp Nv stated it has 1.67 million shares or 0.58% of all its holdings. Weik Capital Management has 0.41% invested in Devon Energy Corporation (NYSE:DVN) for 21,000 shares. Raymond James Assocs accumulated 343,172 shares.

Rampart Investment Management Company Llc decreased its stake in Pfizer Inc (PFE) by 10.42% based on its latest 2017Q4 regulatory filing with the SEC.

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