Big Money Are Buying Devon Energy Corp (NYSE:DVN), Sentiment at 0.94

June 27, 2018 - By Bridget Boland

Devon Energy Corporation (NYSE:DVN) Corporate Logo

Devon Energy Corp’s Sentiment

In Q1 2018 Devon Energy Corp (NYSE:DVN) big money sentiment increased to 0.94, according to SEC filings. So its up 0.02, from 2017Q4’s 0.92. 281 investment professionals opened new and increased equity positions, while 299 cut down and sold their holdings in Devon Energy Corp so the sentiment is positive. These funds own 407.74 million shares, that’s up from 404.83 million shares in 2017Q4. Funds holding Devon Energy Corp in top 10 decreased from 8 to 5 for a decrease of 3. In total 70 funds closed positions, 229 reduced and 199 increased. Also 82 funds bought new Devon Energy Corp stakes.

Significant Devon Energy Corp Investors

Sir Capital Management L.P. owns 1.44 million shares in Devon Energy Corp as of Q1 2018. Devon Energy Corp’s shareholder Elm Ridge Management Llc owns 378,740 shares as of Q1 2018. Also, Mitchell Group Inc reported 794,109 shares in Devon Energy Corp equivalent to 4.88% of its fund’s portfolio. The Connecticut-based fund Bronson Point Management Llc have invested about 4.53% of the active investment manager’s stock portfolio in Devon Energy Corp. The New York-based fund Stuyvesant Capital Management holds 67,480 shares or 4.37% of their fund’s portfolio.

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada.The firm is worth $22.29 billion. It operates approximately 15,200 gross wells.57.24 is the P/E ratio. The firm also offers gathering, transmission, processing, storage, fractionation, and marketing to upstream oil and natural gas producers; and owns natural gas pipelines, plants and treatment facilities.

DVN touched $42.59 during the last trading session after $0.7 change.Currently Devon Energy Corporation is uptrending after 13.57% change in last June 27, 2017. DVN has 4.62 million shares volume. DVN outperformed by 1.00% the S&P 500.

Devon Energy Corporation (NYSE:DVN)’s earnings release is anticipated by WallStreet on August, 7, according to Zacks. This year’s EPS analyst estimate is anticipated to be $0.28. That is 17.65 % down compareed to $0.34 EPS for last year. DVN’s profit could reach $146.55M with 38.03 P/E in case $0.28 EPS is announced. After $0.20 EPS was announced last quarter, analysts now see EPS growth of 40.00 % for Devon Energy Corporation.

Price T Rowe Associates Md, a Maryland-based fund reported 1.80 million shs. 1.20 million are held by Bridgeway Cap Management Incorporated. Cypress Asset Inc Tx has 6,843 shs. Amica Mutual Ins Communications holds 0.05% or 12,768 shs in its capital. Two Sigma Ltd Com holds 0.01% of its capital in Devon Energy Corporation (NYSE:DVN) for 53,019 shs. Envestnet Asset reported 0% of its capital in Devon Energy Corporation (NYSE:DVN). Mai Capital Mngmt reported 0.03% stake. City Holdg Co holds 0.01% or 500 shs. 942 were accumulated by Loring Wolcott & Coolidge Fiduciary Advisors Limited Liability Partnership Ma. Reilly Financial Advsr Ltd Liability stated it has 123 shs. Argyle Mngmt Inc owns 26,800 shs or 0.34% of their US capital. Schafer Cullen Capital Mngmt Inc reported 38,875 shs. Bp Public Limited Com has 63,000 shs. Pinebridge Invests Ltd Partnership holds 0.01% or 10,426 shs in its capital. 15,443 are held by Quantitative Systematic Strategies Limited Liability Corp.

Devon Energy Corporation (NYSE:DVN) Ratings Coverage

A total of 19 analysts rate Devon Energy Corp (NYSE:DVN) as follows: 12 “Buy”, 7 “Hold” and 0 “Sell”. Тherefore 63% are bullish. The firm has $68.0 highest and $35 lowest target. The avg target $47.28 is 11.01% above the last ($42.59) price. (NYSE:DVN) has 31 ratings reports on 27 Jun 2018 according to StockzIntelligence. In Tuesday, January 9 report Piper Jaffray maintained it with “Hold” rating and $42.0 target. In Tuesday, January 30 report Jefferies maintained it with “Buy” rating and $52.0 target. On Thursday, January 11 the firm has “Buy” rating given by BMO Capital Markets. On Monday, March 19 the firm earned “Buy” rating by Jefferies. On Thursday, January 18 Cowen & Co maintained the shares of DVN in report with “Buy” rating. On Tuesday, January 23 the firm has “Hold” rating given by KLR Group. On Monday, April 23 the stock of Devon Energy Corporation (NYSE:DVN) has “Buy” rating given by Stifel Nicolaus. On Friday, April 13 RBC Capital Markets maintained the shares of DVN in report with “Buy” rating. On Thursday, February 22 the firm earned “Hold” rating by Bernstein. On Wednesday, January 10 Capital One downgraded the shares of DVN in report to “Equal-Weight” rating.

For more Devon Energy Corporation (NYSE:DVN) news released briefly go to: Seekingalpha.com, Fool.com, Fool.com, Seekingalpha.com or Fool.com. The titles are as follows: “US Shale: NAV Analysis Of Diversified Oil-Weighted E&Ps – 2018 Q1 Update” released on June 22, 2018, “2 Top Stocks in the Oil Patch” on June 23, 2018, “Devon Energy Corp Unlocks Significant Value by Unloading Its Midstream Business” with a publish date: June 06, 2018, “Significant Catalysts That Will Drive Devon Energy Higher” and the last “Forget OPEC: This Is an Even Bigger Catalyst for Oil Stocks” with publication date: June 26, 2018.

Devon Energy Corporation (NYSE:DVN) Institutional Investors Chart

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