Devon Energy (DVN) Issues Quarterly Earnings Results

RBC Capital Markets maintained the stock with "Buy" rating in Thursday, August 24 report. Company fiscal year is ending in December and analysts' consensus recommendation is Hold for CF and estimated EPS for next quarter is 3.59. Investors saw a positive move of 0.91% in last five trading days.

Vr Advisory Services Ltd, which manages about $2.52 billion and $181.55M US Long portfolio, decreased its stake in Pampa Energia S A (NYSE:PAM) by 341,340 shares to 716,127 shares, valued at $48.58 million in 2017Q3, according to the filing. Foot Locker, Inc. (NYSE:FL) has risen 0.29% since March 6, 2017 and is uptrending. It has outperformed by 1.92% the S&P500.

Mitchell Group Inc decreased its stake in Devon Energy Corp (DVN) by 9.26% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 44,263 shares of the oil & gas production company at the end of 2017Q3, valued at $1.62M, down from 80,233 at the end of the previous reported quarter. Crestwood Advisors Llc who had been investing in Devon Energy Corp New Com for a number of months, seems to be less bullish one the $16.26B market cap company. Closing price generally refers to the last price at which a stock trades during a regular trading session. About 946,184 shares traded.

Devon Energy Corporation (DVN) reported negative change of -2.09% in last trading session. It has underperformed by 3.46% the S&P500. It also increased its holding in Pioneer Nat Res Co (NYSE:PXD) by 587,029 shares in the quarter, for a total of 2.69 million shares, and has risen its stake in Weyerhaeuser Co (NYSE:WY).

Moreover, Sir Capital Management L.P. has 5.67% invested in the company for 1.20 million shares.

To make strengthen these views, the active industry firm has Quick Ratio of 1.40, which indicates firm has sufficient short-term assets to cover its immediate liabilities.

A number of other hedge funds have also recently added to or reduced their stakes in DVN. Stockholders of record on Friday, June 15th will be given a dividend of $0.08 per share. The Texas-based Holt Advisors Dba Holt Prns LP has invested 0.16% in Devon Energy Corporation (NYSE:DVN). State Of Alaska Department Of Revenue accumulated 18,410 shares or 0.03% of the stock. Bank of Montreal Can now owns 744,419 shares of the energy company's stock valued at $30,819,000 after acquiring an additional 558,772 shares during the last quarter.

Devon Energy Corporation (NYSE:DVN) holds price to book ratio of 1.75 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation. Stifel Nicolaus maintained the stock with "Buy" rating in Monday, September 18 report. Fjarde Ap reported 107,420 shares or 0.08% of all its holdings. Connecticut-based Axiom International Limited Liability Corporation De has invested 1.44% in EOG Resources, Inc. Paragon Cap Mngmt Ltd has invested 0.18% of its portfolio in Devon Energy Corporation (NYSE:DVN). Rowland And Commerce Investment Counsel Adv holds 0.74% or 30,715 shares in its portfolio.

Several analysts have released their opinion on Devon Energy Corporation (NYSE:DVN), with 13 analysts believing it is a strong buy. Therefore 66% are positive. Devon Energy Corporation had 124 analyst reports since July 21, 2015 according to SRatingsIntel. Royal Bank of Canada set a $43.00 price objective on shares of Devon Energy and gave the company a "buy" rating in a research note on Friday, February 23rd.

Liquidity and leverage ratios provide insight into the financial health of a company, and allow investors to determine the likelihood that the company will be able to continue operating as a going concern. The firm has "Buy" rating given on Sunday, August 27 by BMO Capital Markets.

Devon Energy Corporation (DVN) stock price performed at a change of -6.93% from 20 day SMA and stands at a distance of -19.77% away from 50 day SMA.

In related news, EVP Lyndon C. Taylor sold 12,798 shares of the firm's stock in a transaction dated Thursday, December 14th.

Investors sentiment is 0.88 in Q3 2017. This represents a $0.32 annualized dividend and a yield of 1.03%. Keybank National Association Oh invested in 54,853 shares. 56 funds opened positions while 132 raised stakes. 287.42 million shares or 0.30% less from 288.30 million shares in 2017Q2 were reported. South Dakota Inv Council has invested 0.01% in Foot Locker, Inc. Dana holds 0.13% or 74,813 shares in its portfolio. (NYSE:EOG). Natl Registered Advisor invested 0.37% in EOG Resources, Inc. Lord Abbett And Lc accumulated 1.29M shares. San Francisco Sentry Investment Group Inc (Ca) holds 185 shares or 0.01% of its portfolio. Clearbridge Invests Limited Liability Co has invested 0% in Office Depot, Inc. First Allied Advisory Svcs holds 0.01% or 5,991 shares in its portfolio. Leuthold Gp Ltd Liability holds 0.15% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB) for 14,508 shares. Ameriprise Fincl holds 0.06% or 3.64 million shares in its portfolio. The firm has a market capitalization of $16,260.00, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.99 and a beta of 2.26. (NYSE:VZ), 8 have Buy rating, 0 Sell and 20 Hold. Verizon Communications Inc. had 75 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Diamondback Energy, Inc. FBR Capital has "Hold" rating and $50.0 target. Pivotal Research downgraded the stock to "Buy" rating in Thursday, May 11 report. Jefferies maintained Office Depot, Inc. (NYSE:VZ) has "Buy" rating given on Wednesday, October 21 by Argus Research. As per Friday, December 11, the company rating was reinitiated by Bank of America. The company presently has a consensus rating of "Buy" and a consensus price target of $46.47. The company was maintained on Thursday, April 7 by Citigroup. The stock of Korea Electric Power Corporation (NYSE:KEP) has "Neutral" rating given on Wednesday, May 10 by Credit Suisse.

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