The institutional investor held 85,987 shares of the oil & gas production company at the end of 2017Q3, valued at $3.16 million, up from 56,054 at the end of the previous reported quarter. About 12.18 million shares traded or 81.72% up from the average. Devon Energy's dividend payout ratio is now 13.95%. It has underperformed by 31.25% the S&P500.
Contravisory Investment Management Inc decreased its stake in Cms Energy Corp (CMS) by 4.81% based on its latest 2017Q3 regulatory filing with the SEC. The firm has "Buy" rating by Argus Research given on Wednesday, November 29. The energy company reported $0.38 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.60 by ($0.22). Noting its average daily volume at 6.63 million shares each day over the month, this signifies a pretty significant change over the norm. Bank of America Corporation (NYSE:BAC) has risen 58.64% since March 12, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.
Other institutional investors have also added to or reduced their stakes in the company. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.45 and a quick ratio of 1.45. The stock increased 1.02% or $0.33 during the last trading session, reaching $32.72. Comerica Retail Bank invested in 0.05% or 177,231 shares. Gabelli Funds LLC grew its position in Devon Energy by 3.2% during the 3rd quarter. About 314,244 shares traded. Horrell Mgmt, Arkansas-based fund reported 169 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 129,669 shares for 0.04% of their portfolio. Macquarie Grp has invested 0.02% in CMS Energy Corporation (NYSE:CMS). Bankshares Of Montreal Can holds 0.01% or 185,647 shares in its portfolio. Finance Counselors owns 41,886 shares or 0.07% of their USA portfolio. Montag A & Associate accumulated 245,248 shares. Franklin Res Inc holds 3.07M shares. Davenport & Ltd Liability Com has 16,108 shares. Virginia Retirement Et Al owns 2.66M shares. Cap Fincl Advisers Ltd Llc holds 79,860 shares or 0.02% of its portfolio. During the same period last year, the company posted $0.25 EPS. equities research analysts anticipate that Devon Energy Corp will post 2.23 earnings per share for the current fiscal year.
Devon Energy Corporation (NYSE:DVN) received a Buy rating from 7 analysts. Therefore 67% are positive. 37,684 were reported by Roanoke Asset Management Corporation. The company was maintained on Friday, November 10 by Cowen & Co. The company was downgraded on Wednesday, October 28 by UBS. Seaport Global Securities upgraded shares of Devon Energy from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 19th. As per Wednesday, January 11, the company rating was upgraded by Societe Generale.
A number of equities analysts have recently commented on DVN shares. The company has an average rating of Buy and an average target price of $46.47. The firm has "Overweight" rating given on Monday, January 11 by Barclays Capital.
Investors sentiment decreased to 0.88 in 2017 Q3. This represents a $0.32 dividend on an annualized basis and a yield of 0.98%.More news: Aadhaar: Supreme Court extends linking deadline indefinitely
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Devon Energy Corporation (DVN) surged 4.65% yesterday to close its trading session at $32.39. 48 funds opened positions while 133 raised stakes. Farmers & Merchants Invs invested 0% of its portfolio in Devon Energy Corporation (NYSE:DVN). Stockholders of record on Friday, June 15th will be issued a dividend of $0.08 per share. Triangle Wealth Mngmt accumulated 7,684 shares or 0.17% of the stock. It also reduced its holding in Schlumberger Ltd (NYSE:SLB) by 6,434 shares in the quarter, leaving it with 97,156 shares, and cut its stake in Adobe Sys Inc (NASDAQ:ADBE). Dynamic Management has invested 0.16% in Hess Corporation (NYSE:HES). Nomura holds 0.06% or 616,248 shares in its portfolio. Stack Financial Management Inc who had been investing in Devon Energy Corp. for a number of months, seems to be bullish on the $17.19 billion market cap company. Jennison Assocs Limited Liability Co accumulated 893,093 shares. Hartford Management, Connecticut-based fund reported 58,029 shares. Sumitomo Life Insurance reported 72,208 shares. Commonwealth Equity Services reported 11,418 shares stake.
Analysts await Hess Corporation (NYSE:HES) to report earnings on April, 25. Over the previous year Company's shares have been trading in the range of $28.79 and $45.16. After $0.51 actual earnings per share reported by CMS Energy Corporation for the previous quarter, Wall Street now forecasts 50.98% EPS growth.
Among 8 analysts covering Intl Game Tech. (NYSE:HES), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 63% are positive. Flippin Bruce & Porter Inc.'s holdings in Devon Energy were worth $2,474,000 as of its most recent SEC filing. The firm has "Mkt Perform" rating by Raymond James given on Tuesday, September 6. The rating was maintained by Morgan Stanley on Thursday, March 8 with "Equal-Weight". The company was maintained on Friday, March 9 by FBR Capital. The stock of Black Hills Corporation (NYSE:BKH) has "Buy" rating given on Sunday, September 10 by RBC Capital Markets. In this case performance of tends to percentage rate of return for a stock for a given time frame. The company was downgraded on Tuesday, January 5 by Citigroup. The rating was maintained by Stifel Nicolaus on Friday, September 1 with "Buy". As per Tuesday, October 3, the company rating was maintained by Jefferies.
Marathon Asset Management Lp, which manages about $13.21 billion and $901.99M US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (Put) (SPY) by 500,000 shares to 1.50M shares, valued at $376.85M in 2017Q3, according to the filing.
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