Here is What Institutional Investors Think About Devon Energy Corp (NYSE:DVN)
- Author: Zachary Reyes Jun 03, 2017,
Jun 03, 2017, 16:18
The overall volume in the last trading session was 4.21 million shares. Firstenergy Corp now has $13.17B valuation. The expected DVN's profit could reach $233.28M giving the stock 19.11 P/E in the case that $0.44 earnings per share is reported. About 140 shares traded.
Analysts' mean recommendation for Devon Energy Corporation (DVN) stands at 2.10. It has underperformed by 7.20% the S&P500. The company has a market capitalization of $17.42 billion, a price-to-earnings ratio of 56.25 and a beta of 2.17. The stock declined 3.09% or $1.06 reaching $33.21 per share. Foundation Resource Mgmt reported 35,969 shares. Washington-based Freestone Ltd Liability has invested 0% in Devon Energy Corp (NYSE:DVN). (DVN)'s stock declined 13.09%.
In other news, Director Robert A. Mosbacher, Jr. sold 800 shares of the business's stock in a transaction that occurred on Friday, April 21st. About shares traded. Devon Energy Corp (NYSE:DVN) has risen 13.24% since June 1, 2016 and is uptrending. It has underperformed by 3.46% the S&P500.
Investors sentiment increased to 0.92 in 2016 Q4. Its down 0.30, from 1.68 in 2016Q3. It improved, as 48 investors sold DVN shares while 271 reduced holdings. 403.62 million shares or 2.20% more from 394.94 million shares in 2016Q3 were reported. 6,316 are held by Robeco Institutional Asset Mngmt Bv. Goldman Sachs Group Inc holds 0.04% of its portfolio in Devon Energy Corp (NYSE:DVN) for 3.43 million shares. 790 were accumulated by Howe Rusling. Suffolk Management Llc reported 0.78% of its portfolio in Devon Energy Corp (NYSE:DVN). Comerica Retail Bank reported 0.07% in Devon Energy Corp (NYSE:DVN). Plante Moran Financial Advisors Ltd Limited Liability Company holds 87 shares. Swiss Bancshares holds 53,560 shares or 0% of its portfolio. Nationwide Fund Advsr holds 366,798 shares. LLC's holdings in Devon Energy Corp were worth $4,218,000 as of its most recent filing with the SEC. Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 72% are positive.
Let's have a look at some of the important valuation ratios of the Devon Energy Corporation (DVN). The stock has "Sell" rating by UBS on Thursday, June 16. Guggenheim upgraded Devon Energy Corp (NYSE:DVN) on Thursday, November 12 to "Buy" rating. Argus Research maintained the shares of DVN in report on Tuesday, August 23 with "Buy" rating. The stock showed weekly downbeat performance of -7.70%, which was maintained for the month at -11.79%. The rating was initiated by JP Morgan on Wednesday, December 9 with "Overweight". As per Friday, February 19, the company rating was downgraded by Wolfe Research. As per Friday, February 19, the company rating was downgraded by Wolfe Research. The stock has "Buy" rating by Stifel Nicolaus on Friday, July 15.
Amf Pensionsforsakring Ab decreased Devon Energy Corp New (DVN) stake by 5.69% reported in 2016Q4 SEC filing. Ltd. now owns 725,932 shares of the energy company's stock worth $32,021,000 after buying an additional 38,736 shares during the last quarter. Public Service Ente (NYSE:PEG) was raised too. The firm owned 5,225 shares of the energy company's stock after selling 1,329 shares during the period. Therefore 80% are positive.
Analysts await Rocky Brands Inc (NASDAQ:RCKY) to report earnings on July, 27. Citigroup maintained FirstEnergy Corp. The rating was initiated by SunTrust with "Buy" on Thursday, January 7. The stock of FirstEnergy Corp. (NYSE:EFX) on Friday, February 12 with "Overweight" rating. The legal version of this piece can be accessed at https://transcriptdaily.com/2017/06/03/devon-energy-corps-dvn-outperform-rating-reaffirmed-at-credit-suisse-group-ag-updated-updated-updated.html. Barclays Capital maintained Equifax Inc. Bank of America downgraded ConocoPhillips (NYSE:COP) on Thursday, May 11 to "Neutral" rating. On Monday, April 3 the stock rating was maintained by Credit Suisse with "Buy".
07/12/2016 - Devon Energy Corporation had its "focus stock" rating reiterated by analysts at Scotiabank. $431,590 worth of ConocoPhillips (NYSE:COP) was sold by McMorran James D. SCHNEIDER DONALD R also sold $204,627 worth of FirstEnergy Corp.
Investors sentiment decreased to 0.79 in Q4 2016. CHRW comes in with a P/S ratio of 0.72 that's below 1, potentially implying that it could be cheap relative to the overall sector (69.32) and its peers (2.81). Jones Cos Lllp invested in 0% or 26,519 shares. 28 funds opened positions while 37 raised stakes. 104.52 million shares or 2.87% more from 101.60 million shares in 2016Q3 were reported. Endurant Capital Management Lp acquired 13,575 shares as Amerisourcebergen Corp (ABC)'s stock declined 1.76%. Eaton Vance Management has invested 0.02% of its portfolio in Equifax Inc. Independent Investors Inc has 11,400 shares. Virtus Advisers holds 0.17% or 42,896 shares. It also upped American Electric P (NYSE:AEP) stake by 25,935 shares and now owns 221,500 shares. Calamos Wealth Mgmt Limited reported 44,722 shares. Sequoia Fincl has invested 0.04% in FirstEnergy Corp. Utah Retirement reported 0.11% stake. Lmr Partners Llp reported 16,071 shares. Stieven Capital Advisors L.P. owns 505,600 shares or 3.19% of their USA portfolio. Cornerstone Cap Mgmt Holding Ltd Liability Corp stated it has 269,945 shares. (NYSE:FE). Duncker Streett And Communications Inc holds 0% or 393 shares in its portfolio.