Ownership Action Report: Devon Energy Corp (NYSE:DVN) Quarterly Sentiment Report

January 11, 2017 - By Hazel Jackson   ·   0 Comments

Ownership Action Report: Devon Energy Corp (NYSE:DVN) Quarterly Sentiment Report

Sentiment for Devon Energy Corp (NYSE:DVN)

Devon Energy Corp (NYSE:DVN) institutional sentiment decreased to 0.89 in Q3 2016. Its down -0.05, from 0.94 in 2016Q2. The ratio dropped, as 293 active investment managers started new and increased equity positions, while 328 sold and reduced stock positions in Devon Energy Corp. The active investment managers in our partner’s database now own: 394.94 million shares, up from 391.88 million shares in 2016Q2. Also, the number of active investment managers holding Devon Energy Corp in their top 10 equity positions increased from 12 to 14 for an increase of 2. Sold All: 53 Reduced: 275 Increased: 203 New Position: 90.

Devon Energy Corporation is an independent energy firm engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The company has a market cap of $24.78 billion. The Company’s activities are concentrated in various North American onshore areas in the United States and Canada. It currently has negative earnings. The Firm also produces over 1.6 billion cubic feet of natural gas a day and approximately 135 thousand barrels of NGLs per day.

About 2.84 million shares traded hands. Devon Energy Corp (NYSE:DVN) has risen 20.49% since June 7, 2016 and is uptrending. It has outperformed by 13.06% the S&P500.

Analysts await Devon Energy Corp (NYSE:DVN) to report earnings on February, 21. They expect $0.18 EPS, down 76.62% or $0.59 from last year’s $0.77 per share. DVN’s profit will be $94.50M for 65.56 P/E if the $0.18 EPS becomes a reality. After $0.09 actual EPS reported by Devon Energy Corp for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

According to Zacks Investment Research, “Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. Based in Oklahoma City and included in the S&P 500, Devon operates in several of the most prolific oil and natural gas plays in the U.S. and Canada with an emphasis on a balanced portfolio. The Company is the second-largest oil producer among North American onshore independents.”

Cfs Llc holds 100% of its portfolio in Devon Energy Corp for 5,000 shares. First Reserve Gp Xii Ltd owns 1.34 million shares or 18.17% of their US portfolio. Moreover, Stuyvesant Capital Management has 8.4% invested in the company for 81,960 shares. The Bahamas-based Key Group Holdings (Cayman) Ltd. has invested 8.28% in the stock. Mitchell Group Inc, a Texas-based fund reported 1.54 million shares.#img1#

Devon Energy Corp (NYSE:DVN) Ratings Coverage

Ratings analysis reveals 76% of Devon Energy Corporation’s analysts are positive. Out of 25 Wall Street analysts rating Devon Energy Corporation, 19 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $26 while the high is $80. The stock’s average target of $45.17 is -4.30% below today’s ($47.2) share price. DVN was included in 57 notes of analysts from July 21, 2015. The firm earned “Buy” rating on Thursday, November 12 by Guggenheim. The company was downgraded on Monday, July 18 by KLR Group. Susquehanna maintained the shares of DVN in a report on Tuesday, January 26 with “Positive” rating. On Tuesday, September 6 the stock rating was downgraded by Raymond James to “Mkt Perform”. The stock of Devon Energy Corp (NYSE:DVN) earned “Buy” rating by Seaport Global on Friday, December 9. The firm has “Sell” rating by UBS given on Wednesday, October 28. RBC Capital Markets maintained it with “Outperform” rating and $35 target price in Thursday, February 18 report. As per Friday, August 14, the company rating was downgraded by Howard Weil. On Tuesday, January 26 the stock rating was initiated by Citigroup with “Buy”. On Wednesday, December 9 the stock rating was maintained by RBC Capital Markets with “Outperform”.

DVN Company Profile

Devon Energy Corporation (Devon), incorporated on May 18, 1999, is an independent energy firm engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company’s activities are concentrated in various North American onshore areas in the United States and Canada. The Firm also produces over 1.6 billion cubic feet of natural gas a day and approximately 135 thousand barrels of NGLs per day. The Firm operates through three divisions: U.S., Canada and EnLink. Devon’s U.S. and Canadian divisions are engaged in gas and oil exploration and production activities. EnLink’s activities consist of midstream assets and activities located across the United States.

More news for Devon Energy Corp (NYSE:DVN) were recently published by: Businesswire.com, which released: “Canada Pike (Devon Energy Corporation) Project Panorama Oil and Gas Upstream …” on January 11, 2017. Nasdaq.com‘s article titled: “Commit To Buy Devon Energy Corp. At $20, Earn 5.3% Using Options” and published on January 03, 2017 is yet another important article.

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By Hazel Jackson

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