Economy

Devon Energy Corporation Plans Quarterly Dividend of $0.06 (DVN)

Devon Energy Corporation has decreased its dividend by an average of 13.1% annually over the last three years. Devon Energy Corp New now has $17.72 billion valuation. The stock rose 2.90% or $0.97 reaching $34.42 per share.

About 3.39 million shares traded. Pacific Heights Asset Lc has invested 0.86% in Devon Energy Corp (NYSE:DVN). It has underperformed by 3.46% the S&P500.

Devon Energy Corporation (NYSE:DVN) has 20 days moving average price of 7.20% from last close price of 33.51 and act as support or resistance of price limit. Therefore 65% are positive.

Turning to Devon Energy Corporation (NYSE:DVN), its shares were trading at $33.51 a gain of $1.34, on the trading floor. RBC Capital Markets maintained the stock with "Outperform" rating in Friday, November 6 report. The company presently has an average rating of "Buy" and a consensus target price of $46.27. The firm earned "Overweight" rating on Monday, January 11 by Barclays Capital.

Devon Energy Corporation (NYSE:DVN) declared a quarterly dividend on Wednesday, September 13th, RTT News reports.

TRADEMARK VIOLATION WARNING: "Analysts Expect Devon Energy Corporation (DVN) Will Announce Quarterly Sales of $3.19 Billion" was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. UBS has "Sell" rating and $37 target. DVN has increased sales at a -2.10% CAGR over the past five years, and is considered a low growth stock. Howard Weil downgraded Devon Energy Corp (NYSE:DVN) rating on Friday, August 14. Howard Weil has "Sector Outperform" rating and $80 target.

Investors sentiment increased to 1.08 in 2016 Q4. Its up 0.03, from 0.89 in 2016Q3.

A number of research analysts have issued reports on DVN shares. 72 funds opened positions while 223 raised stakes. First Allied Advisory Incorporated stated it has 0.01% of its portfolio in Devon Energy Corp (NYSE:DVN). Amf Pensionsforsakring reported 0.52% stake. State Street Corp now owns 27,673,118 shares of the energy company's stock valued at $884,702,000 after acquiring an additional 265,179 shares during the last quarter. Credit Suisse Ag has 0.01% invested in YPF SA (ADR) (NYSE:YPF). Share performance for the month is now at 7.85%. L And S Advisors owns 80,607 shares. Commerzbank Aktiengesellschaft Fi invested in 454,325 shares. Wells Fargo And Co Mn owns 1.28M shares. Cullen Mgmt Ltd Llc has invested 0.02% in Devon Energy Corp (NYSE:DVN). Utah Retirement Sys holds 0.11% or 95,570 shares. Capital One Natl Association holds 0.05% or 13,378 shares. The average analysts gave this company a mean recommendation of 1.90. Therefore 58% are positive.

DVN has been the topic of a number of research analyst reports. Piper Jaffray initiated it with "Hold" rating and $4800 target in Monday, July 17 report. The stock of Sun Life Financial Inc (NYSE:SLF) has "Neutral" rating given on Wednesday, May 10 by Credit Suisse. Barclays Capital has "Overweight" rating and $50 target. On Thursday, July 13 the stock rating was maintained by Stifel Nicolaus with "Buy". The rating was upgraded by Berenberg on Tuesday, December 6 to "Buy". Its down 0.08, from 1.32 in 2016Q3. It is negative, as 49 investors sold Nucor Corporation shares while 230 reduced holdings. 16 funds opened positions while 35 raised stakes. For the quarter, shares have been noted at 0.74%. The California-based Aperio Grp Limited Liability Company has invested 0.04% in Nucor Corporation (NYSE:NUE). Parkside Retail Bank Trust accumulated 0.03% or 1,704 shares.

Public Sector Pension Investment Board increased Sun Life Finl Inc (SLF) stake by 3.14% reported in 2016Q4 SEC filing. First Interstate Bank accumulated 0.01% or 1,000 shares. The New York-based Estabrook Mngmt has invested 0% in Devon Energy Corp (NYSE:DVN). Ftb Incorporated holds 1,245 shares or 0.01% of its portfolio. Cliftonlarsonallen Wealth Advsrs Limited Liability Corporation owns 11,439 shares. 7,995 are held by Park Natl Corporation Oh. Acadian Asset Management Ltd has 10 shares.

Analysts await Nucor Corporation (NYSE:NUE) to report earnings on October, 19. The analysts estimated EPS for the higher end at 0.6 and lower end at 0.29.31. DVN's profit will be $236.62M for 18.72 P/E if the $0.45 EPS becomes a reality. The company has market cap of $17.86 billion. The Firm operates through the divisions, including Exploration and Production, Downstream, and Corporate and Other.

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