Devon Energy Corporation (NYSE:DVN) Position Reduced by Columbia Pacific Advisors LLC

Paterniano Del Favero
Luglio 25, 2017

FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in shares of Devon Energy Corporation by 88.9% in the first quarter. Columbia Pacific Advisors LLC's holdings in Devon Energy Corporation were worth $2,493,000 at the end of the most recent reporting period.

Letko Brosseau & Associates Inc decreased Devon Energy Corp New (DVN) stake by 6.53% reported in 2016Q4 SEC filing. LLC now owns 4,036 shares of the energy company's stock valued at $168,000 after buying an additional 1,025 shares in the last quarter. Vanguard Group Inc. boosted its position in Devon Energy Corporation by 3.3% in the first quarter. Fifth Third Bancorp now owns 2,630 shares of the energy company's stock valued at $110,000 after buying an additional 248 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Devon Energy Corporation during the first quarter worth about $116,000. Janus Capital Management LLC now owns 2,572,931 shares of the energy company's stock valued at $107,342,000 after buying an additional 2,066,530 shares in the last quarter.

Previously on 7/6/2017, Bernstein reported on Devon Energy Corp (NYSE:DVN) increased the target price from $0.00 to $33.00. Bank of New York Mellon Corp raised its position in shares of Devon Energy Corporation by 36.6% in the first quarter. Park National Corp OH now owns 6,779 shares of the energy company's stock worth $217,000 after buying an additional 54 shares during the last quarter. New Jersey-based Blackrock Invest Ltd has invested 0.23% in Devon Energy Corp (NYSE:DVN). 4,171,214 shares of the company traded hands. The company has a market cap of $16.80 billion, a price-to-earnings ratio of 54.26 and a beta of 2.16. The firm's 50-day moving average is $31.58 and its 200 day moving average is $39.38. Devon Energy Corporation has a one year low of $28.79 and a one year high of $50.69.

Skba Capital Limited Liability Corporation reported 0.06% in Devon Energy Corp (NYSE:DVN). The energy company reported $0.41 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.40 by $0.01. Polaris Greystone Group Limited Liability Com holds 2.26% in Devon Energy Corp (NYSE:DVN) or 426,433 shares.

On average, analysts expect that Devon Energy Corporation will report full-year sales of $3.33 billion for the current fiscal year, with estimates ranging from $13.37 billion to $14.23 billion.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.75%. Devon Energy Corporation's dividend payout ratio is now 43.64%.

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DVN has been the topic of a number of recent analyst reports.

BidaskClub upgraded shares of Devon Energy Corporation (NYSE:DVN) from a strong sell rating to a sell rating in a report issued on Wednesday, July 5th. Stifel Nicolaus began coverage on shares of Devon Energy Corporation in a research note on Wednesday, April 12th. They set a "buy" rating and a $73.00 price target for the company. They noted that the move was a valuation call. BMO Capital Markets boosted their target price on shares of Devon Energy Corporation from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday, July 14th. Credit Suisse Group restated a buy rating and set a $57.00 price target on shares of Devon Energy Corporation in a report on Friday, March 31st. Royal Bank Of Canada set a $53.00 price objective on shares of Devon Energy Corporation and gave the stock a "buy" rating in a report on Monday, May 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock.

The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -21.78% and has no so good Year to Date (YTD) Performance of -30.02% which means the stock is constantly adding to its value from previous fiscal year end price.

By having an overview of the Income statement for Devon Energy Corp (NYSE:DVN) the Revenue for the trailing twelve months is 11.57 Billion. The Company also controls EnLink Midstream Partners, L.P. (EnLink).

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