Pioneer Investment Management Inc. Increases Position in Devon Energy Corporation (DVN)

Paterniano Del Favero
Agosto 13, 2017

Devon Energy Corporation now has a P/E ratio of 7.19 and market capitalization is 16.69B. The company's stock had a trading volume of 3,588,192 shares.

For this year, Devon Energy Corporation (NYSE:DVN) is performing -30.46%. It has underperformed by 3.46% the S&P500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The Brookfield Asset Management Inc holds 25,500 shares with $1.17M value, down from 52,490 last quarter. The company has market cap of $206.37 million. The stock decreased 1.28% or $0.47 during the last trading session, reaching $36.12. About 283,498 shares traded. It has outperformed by 2.77% the S&P500.

Investors sentiment increased to 0.92 in Q4 2016. Its down 0.06, from 0.99 in 2016Q3. FUKOKU MUTUAL LIFE INSURANCE Co now owns 3,400 shares of the energy company's stock valued at $142,000 after buying an additional 1,600 shares during the period. 82 funds opened positions while 182 raised stakes. Blackrock Limited, United Kingdom-based fund reported 16,904 shares. 157,353 are owned by Oakwood Capital Mgmt Ltd Liability Corporation Ca. Obermeyer Wood Counsel Lllp reported 4,710 shares. Grantham Mayo Van Otterloo & Co Limited reported 14,300 shares or 0% of all its holdings. Clearbridge Investments Limited Liability Corporation stated it has 2.11M shares or 0.11% of all its holdings. "The first line is called the "%K" line, which analyzes the actual price movements in the shares and can be defined as: "%K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100. Amica Retiree Trust holds 0.81% or 27,978 shares. Rodgers Brothers holds 8,625 shares.

Support is likely to come between $31.8 a share to $31.47 a share level. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Fool.com and their article: "Everything You Need to Know About Intel Corporation's Beastly Core i9-7980XE" published on August 08, 2017 as well as Seekingalpha.com's news article titled: "Intel Corporation's (INTC) Management on KeyBanc Capital Markets Global ..." with publication date: August 08, 2017. Harbour Capital Advisors LLC owned 0.06% of Devon Energy Corporation worth $9,875,000 as of its most recent SEC filing. Devon Energy Corporation had a return on equity of 5.36% and a net margin of 16.07%.

Several institutional investors have recently made changes to their positions in DVN. The stock of Intel Corporation (NASDAQ:INTC) earned "Buy" rating by Summit Research on Monday, April 18. (NYSE:PM) on Wednesday, July 20 to "Hold" rating. The rating was maintained by CLSA with "Underperform" on Monday, September 19. No trade can occur until someone is willing to sell a stock at a price that another is willing to buy it at. The rating was maintained by RBC Capital Markets on Wednesday, December 9 with "Outperform". Artisan Prtn Partnership owns 7.82 million shares. CALANTZOPOULOS ANDRE also sold $3.59M worth of Philip Morris International Inc. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.07% in Devon Energy Corp (NYSE:DVN). It improved, as 48 investors sold DVN shares while 271 reduced holdings. 72 funds opened positions while 223 raised stakes. In that case, its shares would mark a 2.08% decline from the most recent price. Panagora Asset holds 0.07% in Devon Energy Corp (NYSE:DVN) or 316,501 shares. 24,112 were reported by Headinvest Ltd Liability Co. Renaissance Techs Limited Com owns 705,519 shares or 0.02% of their U.S. portfolio. Nomura Holding Incorporated holds 49,789 shares. Catawba Capital Va has 23,480 shares for 0.25% of their portfolio.

The stock of Devon Energy Corp (NYSE:DVN) is a huge mover today!

WARNING: This report was originally reported by Community Financial News and is the property of of Community Financial News. The company recently announced a dividend to be paid on Friday the 29th of September 2017. Vanguard Group Inc. boosted its stake in Devon Energy Corporation by 3.0% in the second quarter. Nordea Investment reported 673,050 shares. Stockholders of record on Friday, September 15th will be given a dividend of $0.06 per share. Raymond James Ser Advsr Inc holds 0.02% of its portfolio in Devon Energy Corp (NYSE:DVN) for 59,604 shares. Alliancebernstein Lp has 0.19% invested in Devon Energy Corp (NYSE:DVN) for 4.89 million shares. Bb&T holds 0% in Devon Energy Corp (NYSE:DVN) or 2,800 shares. Therefore 65% are positive. Barclays PLC reaffirmed a buy rating and set a $31.00 price target on shares of Devon Energy Corporation in a research report on Friday, July 7th. The company was upgraded on Thursday, November 12 by Guggenheim. On Monday, July 18 the stock rating was downgraded by KLR Group to "Accumulate". BidaskClub cut Devon Energy Corporation from a sell rating to a strong sell rating in a report on Saturday, June 24th. Evercore upgraded Devon Energy Corp (NYSE:DVN) on Friday, April 15 to "Buy" rating. The firm has "Sell" rating by UBS given on Thursday, June 16. The firm earned "Buy" rating on Tuesday, January 26 by Citigroup. (NYSE:GGP) might see muted action given an ABR of 2.1 or Hold rating. On July 21 Citigroup maintained a company rating of "Buy" but moved down the price target from $44.00 to $40.00.

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