Devon Energy (DVN) Stock Rating Reaffirmed by Barclays

Marco Green
January 13, 2018

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 19.76%, and has a solid year to date (YTD) performance of 4.03% which means that the stock is constantly adding to its value from the previous fiscal year end price. The Bronson Point Management Llc holds 300,000 shares with $11.01 million value, up from 200,000 last quarter. Kidder Stephen W who had been investing in Analog Devices for a number of months, seems to be bullish on the $33.51 billion market cap company. The stock decreased 0.42% or $0.5 during the last trading session, reaching $117.58. The company had a trading volume of 6,856,900 shares, compared to its average volume of 4,549,050. Encana Corporation (TSE:ECA) has 0.00% since January 12, 2017 and is. It has underperformed by 36.27% the S&P500. Vanguard Group Inc. now owns 44,823,163 shares of the energy company's stock valued at $1,432,998,000 after acquiring an additional 1,295,417 shares during the period. Renaissance Technologies LLC now owns 4,376,500 shares of the energy company's stock worth $139,917,000 after purchasing an additional 2,370,500 shares in the last quarter. The company has market cap of $22.81 billion.

Shares of Devon Energy Corporation (NYSE DVN) traded down $0.71 during mid-day trading on Wednesday, hitting $42.54. It has underperformed by 3.46% the S&P500.

Investors sentiment decreased to 0.81 in Q3 2017. Its up 5.99, from 1.16 in 2017Q2. It increased, as 51 investors sold PEP shares while 689 reduced holdings. Cullen Frost Bankers reported 6,496 shares. Capital One Natl Association invested in 11,254 shares or 0.03% of the stock. Rockefeller Finance Services holds 16,549 shares or 0.01% of its portfolio. Kelly Lawrence W And Ca accumulated 0.01% or 376 shares. (NASDAQ:TTS) for 16,015 shares. Principal Fin Grp, Iowa-based fund reported 245,036 shares. Dimensional Fund Lp has invested 0% of its portfolio in Tile Shop Holdings, Inc. Peddock Capital Advisors Limited Liability Co stated it has 525 shares or 0.07% of all its holdings. (NASDAQ:HSIC). Lpl Fin Limited accumulated 10,850 shares or 0% of the stock. (NASDAQ:PEP). Amer Research & Management owns 2.09% invested in Pepsico, Inc. (NASDAQ:HSIC). Prescott Gru Mgmt Limited Company owns 5,200 shares for 0.09% of their portfolio. Mastrapasqua Asset Mngmt invested 1.14% of its portfolio in Pepsico, Inc.

The most active shares in an exchange indicates that these shares are heavily bought and sold in today's market.

Among 19 analysts covering Henry Schein Inc. The firm earned "Buy" rating on Wednesday, December 20 by Jefferies. The company was maintained on Wednesday, October 18 by Canaccord Genuity. As per Wednesday, May 4, the company rating was maintained by JP Morgan. The company was maintained on Tuesday, November 3 by FinnCap. The stock of Devon Energy Corporation (NYSE:DVN) earned "Market Perform" rating by Bernstein on Thursday, July 6. As per Friday, October 20, the company rating was maintained by Jefferies. The firm has "Outperform" rating given on Wednesday, February 22 by Barrington Research. The rating was maintained by RBC Capital Markets with "Hold" on Thursday, September 14. On Thursday, January 5 the stock rating was downgraded by Citigroup to "Neutral". M&T Bank Corp now owns 40,120 shares of the energy company's stock worth $1,282,000 after buying an additional 1,170 shares during the last quarter. Buckingham Capital Mngmt owns 50,986 shares or 0.97% of their U.S. portfolio. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.63 and a current ratio of 1.63. It fall, as 55 investors sold Devon Energy Corporation shares while 230 reduced holdings. The legal version of this article can be accessed at https://www.truebluetribune.com/2018/01/10/dimensional-fund-advisors-lp-has-56-75-million-position-in-devon-energy-corporation-dvn.html. The hedge funds in our partner's database now have: 396.57 million shares, down from 400.45 million shares in 2017Q2. Clearbridge Ltd Liability Co, a New York-based fund reported 2.23 million shares. Toronto Dominion Retail Bank reported 0.18% of its portfolio in The Boeing Company (NYSE:BA). (NASDAQ:PEP). Boys Arnold & Incorporated holds 49,406 shares. Murphy Pohlad Asset Mgmt Ltd Liability Company reported 18,050 shares stake. The stock of Devon Energy Corporation (NYSE:DVN) earned "Hold" rating by Jefferies on Tuesday, August 29. Virtu Fin Ltd Limited Liability Company reported 15,747 shares.

Ruane Cunniff & Goldfarb Inc, which manages about $26.52B and $11.42B US Long portfolio, decreased its stake in Omnicom Group Inc (NYSE:OMC) by 24,344 shares to 3.85M shares, valued at $284.85M in 2017Q3, according to the filing. 372,719 are held by Wafra Advisory. The weekly volatility was 1.97% for Devon Energy Corporation, DVN, making it easy for the traders to interpret how riskier their investment is on this stock. Robeco Institutional Asset Mngmt Bv has 22,731 shares for 0.01% of their portfolio. 483,500 are held by Gabelli Funds Ltd Company. BMO Capital Markets set a $45.00 price target on shares of Devon Energy and gave the stock a "buy" rating in a report on Tuesday, October 10th. Stonebridge Mngmt Inc owns 35,003 shares or 0.48% of their U.S. portfolio. Therefore 32% are positive. They issued an "outperform" rating and a $43.00 price target for the company. Citigroup maintained the stock with "Buy" rating in Friday, July 21 report. The company was maintained on Tuesday, March 8 by iBERIA Capital Partners. The stock of Devon Energy Corporation (NYSE:DVN) has "Overweight" rating given on Thursday, August 4 by Barclays Capital. The company now has a consensus rating of "Buy" and a consensus price target of $46.06.

DVN has been the topic of several other reports. This simple numeric scale reads 1 to 5, and it changes brokerage firm Strong Sell recommendations into an average broker rating. The energy company reported $0.46 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.39 by $0.07. After having $0.03 EPS previously, Encana Corporation's analysts see 366.67% EPS growth.

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