Economy

Devon Energy Corporation (NYSE:DVN) Raised to "Overweight" at Stephens

Devon Energy Corporation (NYSE:DVN) Raised to

BidaskClub cut shares of Devon Energy Corporation from a sell rating to a strong sell rating in a report on Saturday, August 19th. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.63 and a current ratio of 1.63. Natl Pension Serv invested in 1.57% or 1.74M shares. The stock of Devon Energy Corp (NYSE:DVN) has "Buy" rating given on Thursday, February 16 by Societe Generale. It has underperformed by 3.46% the S&P500.The move comes after 8 months negative chart setup for the $19.79B company.

Mraz Amerine & Associates Inc decreased Devon Energy Corp New (DVN) stake by 50.74% reported in 2017Q2 SEC filing. The Georgia-based Signaturefd Ltd Liability Co has invested 0.2% in Facebook Inc (NASDAQ:FB). The institutional investor held 300 shares of the major pharmaceuticals company at the end of 2017Q2, valued at $22,000, down from 21,695 at the end of the previous reported quarter. The company has market cap of $750.01 million. The stock rose 1.72% or $1.61 reaching $95.21. About 705,840 shares traded or 111.19% up from the average. Auburn National Bancorporation Inc (AUBN) has risen 26.06% since November 19, 2016 and is uptrending. It has underperformed by 48.63% the S&P500.

Investors sentiment increased to 1.08 in 2017 Q2. Its up 0.18, from 0.76 in 2017Q1. It improved, as 17 investors sold CROX shares while 37 reduced holdings. Mu Invs Limited accumulated 850 shares. 81,764 are held by Chatham Capital Grp Inc. Clearbridge Investments Ltd Com stated it has 0.69% in Facebook Inc (NASDAQ:FB). Quantitative Systematic Strategies LLC now owns 15,877 shares of the energy company's stock valued at $505,000 after acquiring an additional 8,334 shares during the period. Prudential reported 123,715 shares stake. 43,733 are held by Fred Alger. Letko Brosseau & Associates reported 2.26M shares. Tci Wealth Advsr has 0.01% invested in Devon Energy Corp (NYSE:DVN) for 808 shares. Ftb Advsrs holds 2,755 shares or 0.01% of its portfolio. Cape Cod Five Cents Savings Bank accumulated 30,878 shares. The total amount of shares outstanding is 518.45 million, giving the company a market capitalization of about 20.05 billion. The Rhode Island-based Weybosset And Ltd Liability has invested 0.22% in AbbVie Inc (NYSE:ABBV). Westchester holds 134,654 shares. Corecommodity Management Lc stated it has 7,013 shares. Td Asset Management Inc accumulated 179,274 shares. Exane Derivatives increased its stake in shares of Devon Energy Corporation by 36.0% during the second quarter.

Analysts await AbbVie Inc (NYSE:ABBV) to report earnings on January, 26. The stock ended last trade at $36.50 a share and the price is up more than -4.33% so far this year. DVN's profit will be $283.77 million for 17.44 P/E if the $0.54 EPS becomes a reality. The company's quarterly revenue was up 9.5% compared to the same quarter last year. equities research analysts expect that Devon Energy Corporation will post 1.76 earnings per share for the current fiscal year.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 68% are positive. The rating was maintained by Scotia Capital on Friday, June 24 with "Outperform". Axiom Capital maintained Facebook Inc (NASDAQ:FB) on Thursday, April 28 with "Buy" rating. The stock has "Buy" rating by Credit Suisse on Thursday, July 27. The firm has "Buy" rating by Stifel Nicolaus given on Friday, September 2. The firm has "Hold" rating by Deutsche Bank given on Tuesday, March 15. The firm earned "Outperform" rating on Thursday, July 30 by Robert W. Baird. The rating was maintained by Susquehanna on Wednesday, August 2 with "Hold". The company has market cap of 1.13 billion Euro. RBC Capital Markets maintained it with "Outperform" rating and $4.50 target in Thursday, March 30 report. The firm earned "Sell" rating on Wednesday, October 28 by UBS.

More news: Military investigators find additional remains of La David Johnson in Niger

Since May 18, 2017, it had 0 insider purchases, and 10 sales for $118.63 million activity. Barclays Plc owns 2.98 million shares.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Salem Inc owns 78,796 shares. More interesting news about Devon Energy Corp (NYSE:DVN) were released by: Fool.com and their article: "3 Things Devon Energy Corp.'s CEO Wants You to Know About Where It's Heading" published on November 14, 2017 as well as Seekingalpha.com's news article titled: "Devon Energy - Ride Along (Part 1)" with publication date: October 31, 2017. Guggenheim upgraded Devon Energy Corp (NYSE:DVN) on Thursday, November 12 to "Buy" rating.

Investors sentiment increased to 1.08 in Q2 2017. Its up 0.06, from 1.02 in 2017Q1. 74 funds opened positions while 243 raised stakes. Stevens Capital Management LP's holdings in Devon Energy Corporation were worth $3,033,000 at the end of the most recent reporting period. Van Eck Assocs accumulated 93,907 shares. British Columbia Investment Management Corporation holds 0.07% or 287,529 shares in its portfolio.

There are 798 institutional holders with active positions, accounting for 421.5 million shares in total. 1,242 were reported by Estabrook Cap Mngmt. Lpl Fincl Lc reported 0% stake. Louisiana State Employees Retirement System now owns 32,600 shares of the energy company's stock valued at $1,042,000 after acquiring an additional 400 shares during the period. Point72 Asset Lp, Connecticut-based fund reported 1.10 million shares. Kames Capital Public Limited holds 15,060 shares. The insider now holds 328,682 shares of Devon Energy Corporation (DVN). 625 were reported by Winslow Evans Crocker. Devon Energy Corporation (NYSE:DVN), at its latest closing price of $37.41, it has a price-to-book ratio of 2.85, compared to an industry average at 0.59. The overall volume in the last trading session was 4.33 million shares. LLC increased its stake in shares of Devon Energy Corporation by 12.5% during the second quarter. Aberdeen Asset Public Limited Com Uk invested in 236,503 shares or 0.03% of the stock.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.


  • Dollar Tree, Inc. (NASDAQ:DLTR) Touches a New 52-Week High

    Dollar Tree, Inc. (NASDAQ:DLTR) Touches a New 52-Week High

    Jefferies has "Hold" rating and $80 target. (DLTR) on Tuesday reported fiscal third-quarter profit of $239.9 million. Traders and investors often use earnings per share (TTM) to determine a company's profitability for the past year.
    Egyptian pop singer arrested for eating a banana in 'racy' music video

    Egyptian pop singer arrested for eating a banana in 'racy' music video

    The video to her song I Have Issues created a stir on social media in conservative Egypt and was discussed on TV talk shows. The singer hasn't been charged yet, but reports suggest that she has been banned from performing anywhere in the country.
    Griezmann: No regrets about turning down Man United

    Griezmann: No regrets about turning down Man United

    Atletico Madrid star Antoine Griezmann has denied claims he regrets his decision to remain with the club for the 2017-18 season. Whereas clubs like United, PSG and Barcelona , who have practically unlimited funds, don't even have to think twice.
  • Mankini-wearing 'Borat' tourists arrested in Kazakhstan

    Mankini-wearing 'Borat' tourists arrested in Kazakhstan

    The comedian, on facebook , offered to pay the fine if the Czechs got back to him with details. To my Czech mates who were arrested.
    Splunk Inc. (SPLK) PT Raised to $90.00

    Splunk Inc. (SPLK) PT Raised to $90.00

    News headlines about Splunk (NASDAQ:SPLK) have been trending somewhat positive on Saturday, Alpha One Sentiment Analysis reports. The Company's offerings address diverse data sets that are referred to as big data and are specifically used for machine data.

    Cisco Systems, Inc. (CSCO) Shares Bought by Cadence Capital Management LLC

    Currently, 336.74 million total shares are owned by the public and among those 336.25 million shares have been available to trade. Burney has 128,619 shares for 0.26% of their portfolio. (NYSE:NFX) for 926,833 shares. (NASDAQ: CSCO ) for 326,853 shares.
  • CPEC will promote transfer of technology, knowledge, skills to Pakistan: Ahsan Iqbal

    CPEC will promote transfer of technology, knowledge, skills to Pakistan: Ahsan Iqbal

    He noted that CPEC energy and infrastructure projects are progressing smoothly and achieving timely attainment. He underlined the need for expansion in the administrative structure and scope of cooperation in CPEC.
    Jennifer Garner opens up about life as a single mum

    Jennifer Garner opens up about life as a single mum

    Garner also spoke to the outlet about the sexual harassment scandals now sweeping Hollywood. We will be together with our kids and give them a special Christmas.
    John Barclay deflated after Scotland come up short against New Zealand

    John Barclay deflated after Scotland come up short against New Zealand

    At times, typically of a good team playing above themselves, excess excitement proved a problem. Eventually the Scots took a quick tap and Gray squirmed over for the try, Russell converting.
  • Splatoon 2 is getting some big updates for the holidays

    Splatoon 2 is getting some big updates for the holidays

    This update includes four new battle stages - Mako Mart, Arowana Mall, Shellendorf Institute, and Walleye Warehouse. If you've maxed out your level at 50, you will be happy to hear Nintendo is increasing the level cap to 99.

    Stocks Movement Analysis: Raytheon Company (RTN), Adobe Systems Incorporated (ADBE)

    Adobe Systems Incorporated's Average Earnings Estimate for the current quarter is $1.16, according to consensus of 30 analysts. Adobe Systems Incorporated (NASDAQ: ADBE ) trading capacity remained 1.48 million shares during the last session.
    Google says theft tracking app Cerberus in violation of developer terms

    Google says theft tracking app Cerberus in violation of developer terms

    It was not stated whether this was a previously planned decision, or if it was a result of the practice being brought to light. Quartz also said it observed location data being sent even if devices had been reset to factory default settings.