The Devon Energy Corp. (DVN) Position Held by Daiwa Securities Group Inc

Want to see what other hedge funds are holding DVN? Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Devon Energy Corporation by 4.1% in the 3rd quarter. The firm owned 85,987 shares of the energy company's stock after buying an additional 29,933 shares during the period. Schwab Charles Invest holds 0.06% in Devon Energy Corp (NYSE:DVN) or 1.95M shares. A low price-to-sales ratio, typically less than 1.0, is considered a good value. TVR Capital Management LP now owns 240,000 shares of the energy company's stock worth $7,673,000 after purchasing an additional 131,806 shares during the period. Bridgewater Associates LP raised its holdings in Devon Energy Corporation by 54.4% in the second quarter. Finally, Achmea Investment Management B.V. increased its holdings in shares of Devon Energy Corporation by 91.3% in the 3rd quarter. Folger Nolan Fleming Douglas Capital Management Inc sold 5,115 shares as Chevron Corp (CVX)'s stock declined 3.45%.

A number of research firms have issued reports on DVN. Vetr upgraded Devon Energy Corp. from a "buy" rating to a "strong-buy" rating and set a $49.33 price objective for the company in a research report on Monday, September 12th. The stock of Devon Energy Corp (NYSE:DVN) has "Buy" rating given on Friday, April 15 by Evercore. Societe Generale downgraded Devon Energy Corp. from a "buy" rating to a "hold" rating in a research report on Wednesday, November 30th. Cowen and Company set a $40.00 target price on shares of Devon Energy Corporation and gave the stock a "buy" rating in a report on Tuesday, October 31st. BMO Capital Markets set a $38.00 target price on Devon Energy Corporation and gave the company a buy rating in a report on Monday, August 28th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company. Current trade price levels places DVN's stock about -20.58% away from the 52-week high and closed 39.82% away from the 52-week low.

Devon Energy Corporation (NYSE:DVN) traded up $0.55 during mid-day trading on Thursday, reaching $40.81. The stock has actually grown in the past week, as the company has gathered a 5.10% return in the past 5 trading days. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.63 and a current ratio of 1.63. The company rocked its 52-Week High of $50.69 and touched its 52-Week Low of $28.79. The relative volume of the stock is 1.07 while its market cap is $21.21 billion.

Devon Energy Corporation (NYSE:DVN) reported its EPS in the last quarter as $0.34/Share beating the analyst estimate of $0.32/Share by a difference of $0.02. The energy company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.39 by $0.07.

Devon Energy Corporation (NYSE:DVN) gross margin percentage stands at 87.2% while its operating margin for the past trailing twelve month is -19.2 percent and its overall profit margin (ttm) is -21.5 Percent. Ropes Wealth Advisors LLC now owns 3,338 shares of the energy company's stock worth $121,000 after buying an additional 2,940 shares during the last quarter.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 9.52%, and has a solid year to date (YTD) performance of -11.85% which means that the stock is constantly adding to its value from the previous fiscal year end price.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th.

On a similar note, analysts expect EPS of -$0.24 in December 2017 quarter and -$0.24 in March 2018 quarter, representing -22.58% and -233.33% growth, respectively. Devon Energy Corporation's payout ratio is 8.19%. The return on assets stands at -10.4%, Return on Equity now is -43.7% and the Return on Investment value is -18.6%. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & worldwide trademark & copyright laws. The correct version of this news story can be accessed at Sir Capital Management Lp acquired 544,707 shares as Devon Energy Corp New (DVN)'s stock declined 13.09%. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company's operations are concentrated in various North American onshore areas in the United States and Canada.

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