Texan Capital Management Has $441000 Stake in Devon Energy Corporation (DVN)

Paterniano Del Favero
Luglio 27, 2017

Shapiro Capital Management LLC now owns 1,306,283 shares of the energy company's stock valued at $54,498,000 after buying an additional 28,695 shares during the period. The institutional investor owned 200,000 shares of the energy company's stock at the end of the second quarter. Devon Energy Corp New now has $17.22 billion valuation. It looks like traders are not happy with the stock.

Devon Energy Corporation (NYSE:DVN) last posted its earnings results on Tuesday, May 2nd. It has underperformed by 3.46% the S&P500. If the market is performing well and the stock is over-valued, DVN might be a good investment at this point but if the market is dropping down, you might not consider buying the stock.

Devon Energy Corp (NYSE:DVN) shows a Forward Annual Dividend Rate of $0.24 and Trailing Annual Dividend Yield of 0.76% according to MorningStar Inc. The company has market cap of $15.51 billion. The stock declined 0.49% or $0.39 reaching $78.94 on the news. Eaton Corporation, PLC Ordinary Shares (NYSE:ETN) has risen 31.02% since July 26, 2016 and is uptrending. It has outperformed by 10.67% the S&P500.

Investors sentiment decreased to 0.79 in Q4 2016. Its up 0.03, from 0.89 in 2016Q3. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $42.12 on company shares. The average volume for Xerox Corporation (NYSE:XRX) has been 2.31 million shares per day over the past 30 days. National Bank Of Montreal Can invested in 144,150 shares or 0.01% of the stock. Cypress Asset Management Inc/tx now holds 10,774 shares worth $344,000. Baldwin Brothers Inc Ma holds 3,655 shares or 0.03% of its portfolio. FTB Advisors Inc. now owns 2,755 shares of the energy company's stock worth $108,000 after buying an additional 1,259 shares in the last quarter. Quantitative Systematic Strategies Limited Liability Co owns 9,051 shares or 0.17% of their United States portfolio. Liberty Mutual Grp Asset Mgmt reported 0.06% in Devon Energy Corp (NYSE:DVN). Arizona State Retirement has invested 0.09% in Devon Energy Corp (NYSE:DVN). Globeflex Capital Lp holds 0.24% or 21,096 shares. 4 were accumulated by Bartlett & Co Ltd Liability.

The stock volatility for week was 3.01% while for month was 3.09%.The stock, as of last close, traded 14.53% to its 52 week low and was changed -34.94% from its 52 week high. Asset Management One owns 1.58 million shares for 0.15% of their portfolio. Exencial Wealth Advisors LLC increased its stake in Devon Energy Corporation by 0.4% in the first quarter.

Devon Energy Corporation (DVN) traded down 0.21% during trading on Wednesday, hitting $32.91. Therefore 55% are positive. The rating was upgraded by Vetr on Thursday, August 13 to "Buy".

Heading into the stock price potential, Devon Energy Corporation needs to grow just 21.29% to cross its median price target of $40. If the stock is up it will have a positively weighted alpha. M Partners maintained the stock with "Buy" rating in Monday, October 17 report. Finally, Scotiabank set a $57.00 price objective on Devon Energy Corporation and gave the company a "buy" rating in a report on Tuesday, May 16th. 59 funds opened positions while 139 raised stakes. 328.69 million shares or 4.34% more from 315.03 million shares in 2016Q3 were reported. They expect $0.38 EPS, up 533.33% or $0.32 from last year's $0.06 per share. Sunbelt Securities invested in 0% or 97 shares. Independent Investors holds 0.24% or 11,400 shares. Oregon Employees Retirement Fund reported 47,193 shares. Bessemer Gru Inc accumulated 123,989 shares. The Connecticut-based Trexquant Inv Ltd Partnership has invested 0.24% in Devon Energy Corp (NYSE:DVN). Wellington Mngmt Grp Llp reported 1.96M shares stake. The energy company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The company was maintained on Friday, July 7 by Stifel Nicolaus. Overbought and oversold levels can be used to identify unsustainable price extremes.

Analysts are speculating a 130.44% move, based on the high target price ($76) for the shares that is set to reach in the next 12 months. The firm has "Buy" rating given on Thursday, February 4 by Citigroup. The firm earned "Market Perform" rating on Thursday, July 6 by Bernstein. As per Monday, April 3, the company rating was maintained by Credit Suisse. The rating was upgraded by Vertical Research on Wednesday, August 26 to "Hold". The company was maintained on Wednesday, May 4 by JP Morgan.

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