Economy

Zacks Investment Research Downgrades Devon Energy Corporation (DVN) to Hold

Zacks Investment Research Downgrades Devon Energy Corporation (DVN) to Hold

Devon Energy Corp New now has $23.03B valuation.

The Stock declined-1.22% and closed its last trading session at $11.3. About 736,278 shares traded. Vetr downgraded Devon Energy Corporation from a strong-buy rating to a buy rating and set a $45.44 price objective on the stock.in a research note on Monday, September 19th. It has underperformed by 3.46% the S&P500.

Stack Financial Management Inc increased Devon Energy Corp. In this case performance of tends to percentage rate of return for a stock for a given time frame.

South Dakota Investment Council decreased Urban Outfitters Inc (NASDAQ:URBN) stake by 29,410 shares to 94,109 valued at $2.25 million in 2017Q3. Eagle Materials Inc. (NYSE:EXP) has risen 36.20% since January 16, 2017 and is uptrending. It has outperformed by 5.52% the S&P500.

The stock decreased 1.62% or $0.72 during the last trading session, reaching $43.33. For the Current month, 0 analysts have assigned this stock as Buy where 0 assigned Outperform, 6 analysts believe it's a Hold, 1 said Underperform and only 1 assigned Sell rating. It dropped, as 55 investors sold DVN shares while 230 reduced holdings. 75 funds opened positions while 209 raised stakes. Imperial Capital maintained the shares of ECOL in report on Tuesday, November 3 with "In-Line" rating. The Relative Volume value measured for Devon Energy Corporation stands at 1.61. Schroder Mgmt Grp holds 552,931 shares or 0.04% of its portfolio. Devon Energy Corporation (NYSE:DVN) has risen 13.24% since January 16, 2017 and is uptrending. Clearbridge Investments Ltd Limited Liability Company has 2.23 million shares for 0.08% of their portfolio. The company has managed to keep price to sales ratio of 1.81 against an industry average of 60.99. Zwj Investment Counsel accumulated 534,299 shares. Southport Mngmt Lc reported 10,000 shares. Alphaone Ltd has invested 0.01% in Devon Energy Corporation (NYSE:DVN). United Ser Automobile Association invested in 0.06% or 531,637 shares.

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Mpm Asset Management Llc holds 73.13% of its portfolio in Radius Health, Inc. for 3.89 million shares. The stock of Devon Energy Corporation (NYSE:DVN) earned "Buy" rating by Cowen & Co on Friday, November 10. Therefore 69% are positive. Voya Investment Limited Liability Com reported 0.02% in Devon Energy Corporation (NYSE:DVN). As per Tuesday, August 9, the company rating was downgraded by Barclays Capital. Stifel Nicolaus maintained the shares of ECOL in report on Thursday, January 4 with "Buy" rating. As per Friday, October 27, the company rating was maintained by BMO Capital Markets. The firm earned "Equal-Weight" rating on Wednesday, April 6 by Morgan Stanley. RBC Capital Markets maintained Devon Energy Corporation (NYSE:DVN) rating on Thursday, February 18. Jefferies maintained the shares of DVN in report on Tuesday, October 3 with "Hold" rating. The Mosaic Company had 82 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets has "Buy" rating and $5300 target.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. They are also projecting the Low EPS estimate of $0.35 and the High EPS estimate of $0.86. DVN's profit will be $304.79 million for 18.89 P/E if the $0.58 EPS becomes a reality. The energy company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.39 by $0.07. Clinton Gru accumulated 0.03% or 2,305 shares.

The Maryland-based Rock Springs Capital Management Lp has invested 1.68% in the stock. Its up 0.02, from 1.1 in 2017Q2. (NYSE:EXP) shares were sold by Graass James H. 11 funds opened positions while 50 raised stakes. 802.74 million shares or 3.16% more from 778.17 million shares in 2017Q2 were reported. Toronto Dominion Bankshares holds 0.04% of its portfolio in Exelon Corporation (NYSE:EXC) for 364,048 shares. Highland Ltd Liability Corporation stated it has 8,929 shares. Strs Ohio now owns 14,778 shares of the energy company's stock valued at $472,000 after acquiring an additional 882 shares in the last quarter. Thompson Davis And Commerce Incorporated reported 0.01% stake. After a recent check, it is observed that the insiders for the firm now own 0.10% shares. American National Registered Invest Advisor Inc invested in 1.1% or 24,558 shares. The total value of these holdings, in millions, is $18,339. Adams Asset Advsrs Limited Liability accumulated 41,787 shares. Institutional investors and hedge funds own 77.49% of the company's stock. Amer Beacon Advisors holds 1.33% or 1,248 shares. Bnp Paribas Arbitrage Sa reported 867,250 shares or 0.08% of all its holdings.

Since July 31, 2017, it had 0 insider purchases, and 13 selling transactions for $125.79 million activity. About 7.67 million shares traded or 57.47% up from the average. Tph Asset Ltd Company stated it has 52,286 shares. 19,936 shares valued at $933,103 were sold by Gerratt Eric L on Thursday, August 24. 2,000 shares were sold by ESSL GERALD J, worth $186,792. It also reduced Portola Pharmaceuticals Inc (Call) (NASDAQ:PTLA) stake by 228,000 shares and now owns 206,300 shares.

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