Economy

Devon Energy Corporation (DVN) Shares Bought by HGK Asset Management Inc

Devon Energy Corp New now has $19.19B valuation. The stock increased 0.27% or $0.2 on September 22, reaching $74.41.

About 489,529 shares traded. It has outperformed by 38.35% the S&P500.

HGK Asset Management Inc. lifted its stake in shares of Devon Energy Corporation (NYSE:DVN) by 12.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. Bank of New York Mellon Corp now owns 6,311,065 shares of the energy company's stock worth $263,297,000 after acquiring an additional 1,690,260 shares in the last quarter. New Mexico Educational Retirement Board invested 0.08% in Devon Energy Corp (NYSE:DVN). The stock rose 2.04% or $0.73 reaching $36.51 per share. About 4.73 million shares traded or 18.55% up from the average. The Value Composite Two of Devon Energy Corporation (NYSE:DVN) is 23. It has underperformed by 3.46% the S&P500. Cliftonlarsonallen Wealth Advisors Lc has invested 2.17% in Devon Energy Corp (NYSE:DVN). VG's profit would be $15.87M giving it 28.82 P/E if the $0.07 EPS is correct. Croft holds 0.79% or 80,233 shares. Scotiabank set a $49.00 price target on Devon Energy Corporation and gave the stock a "buy" rating in a research report on Saturday, July 1st. Therefore 63% are positive. Citigroup has "Buy" rating and $32 target. The company was maintained on Tuesday, March 29 by Deutsche Bank. The firm has "Neutral" rating by Credit Suisse given on Wednesday, October 19. On Tuesday, December 8 the stock rating was maintained by UBS with "Sell". The firm has "Overweight" rating given on Wednesday, December 9 by JP Morgan.

Gluskin Sheff & Assoc Inc increased Home Depot Inc. Df Dent & Comm owns 1.12 million shares for 3.93% of their portfolio. Park Oh owns 6,779 shares.

Investors sentiment increased to 1.08 in 2017 Q2. Narrowing in a bit closer, the 5 month price index is 0.90156, the 3 month is 1.17585, and the 1 month is now 1.15688. It improved, as 14 investors sold Vonage Holdings Corp. shares while 65 reduced holdings. 108 funds opened positions while 483 raised stakes. 400.45 million shares or 0.08% more from 400.14 million shares in 2017Q1 were reported.

Devon Energy Corporation (NYSE:DVN) has an M-score Beneish of -2.464256. The ROIC 5 year average of Devon Energy Corporation (NYSE:DVN) is 0.102007. Fernwood Invest Management Lc owns 7,850 shares for 0.18% of their portfolio. Buckingham Asset Management Limited Liability Corporation reported 7,235 shares stake. Hl Financial Services Limited Co owns 0.01% invested in Devon Energy Corp (NYSE:DVN) for 11,234 shares. Schroder Invest Mngmt Gru reported 371,386 shares. Teacher Retirement Sys Of Texas owns 436,240 shares or 0.1% of their United States portfolio. Tfs Capital Llc holds 0.32% or 125,187 shares. Flippin Bruce Porter stated it has 0.47% of its portfolio in Devon Energy Corp (NYSE:DVN). Cwm Limited Com holds 0.09% of its portfolio in Vonage Holdings Corp. Prentiss Smith And Comm accumulated 1,211 shares. The Volatility 3m is a similar percentage determined by the daily log normal returns and standard deviation of the share price over 3 months. Smith Asset LP has 308,606 shares for 0.3% of their portfolio. First Quadrant LP Ca reported 0% in Depomed Inc (NASDAQ:DEPO). It also upped Omnicom Group Inc (NYSE:OMC) stake by 20,000 shares and now owns 106,000 shares. Forum Energy Tec (NYSE:FET) was raised too.

Other equities analysts have also issued reports about the company. They expect $-0.32 EPS, down 52.38% or $0.11 from last year's $-0.21 per share. MSFT's profit will be $5.70 billion for 25.14 P/E if the $0.74 EPS becomes a reality. Equities analysts forecast that Devon Energy Corporation will post $1.73 EPS for the current year. 3 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Therefore 57% are positive. Credicorp LTD had 10 analyst reports since September 11, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with "Buy" rating and $4300 target in Thursday, July 20 report. The firm has "Buy" rating by BMO Capital Markets given on Sunday, August 27. Jefferies maintained the stock with "Sell" rating in Friday, July 14 report. The firm earned "Sell" rating on Monday, November 16 by Liberum Capital. The rating was maintained by RBC Capital Markets on Wednesday, December 9 with "Outperform".

Investors sentiment decreased to 0.87 in 2017 Q2. Its down 0.02, from 0.84 in 2017Q1. It fall, as 33 investors sold DEPO shares while 54 reduced holdings. 66 funds opened positions while 261 raised stakes. The institutional investor held 296,923 shares of the medical and nursing services company at the end of 2017Q2, valued at $23.89 million, up from 287,596 at the end of the previous reported quarter. First Republic Investment Management Inc reported 906,306 shares stake. Lombard Odier Asset Management (Switzerland) Sa holds 0.03% or 1,701 shares in its portfolio. 202,387 shares valued at $1.93 million were sold by Vargas Thadd M on Tuesday, June 13. During the same period past year, the company earned $0.06 earnings per share. Braun Stacey Inc holds 461,202 shares or 2.06% of its portfolio. Rhumbline Advisers, a Massachusetts-based fund reported 231,007 shares. The company has Relative Strength Index (RSI 14) of 73.33 together with Average True Range (ATR 14) of 0.86. Stifel Nicolaus maintained it with "Buy" rating and $67.0 target in Friday, September 1 report. Louisiana State Employees Retirement System holds 32,600 shares.



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