Seaport Global Securities Analysts Boost Earnings Estimates for Devon Energy Corporation (DVN)

Gladys Abbott
August 12, 2017

Cornerstone Capital Management Holdings Llc sold 88,602 shares as General Electric Co (GE)'s stock declined 7.64%. FTB Advisors Inc. now owns 2,755 shares of the energy company's stock worth $108,000 after buying an additional 1,259 shares during the period. General Electric Co now has $223.72B valuation. It is 0.00% or $0 reaching $0 per share. (FSC) has declined 15.57% since August 4, 2016 and is downtrending. It has underperformed by 21.16% the S&P500. Devon Energy Corporation had a net margin of 2.34% and a return on equity of 4.25%. First American Bank increased its position in Devon Energy Corporation by 11.4% in the first quarter. Synovus holds 0% in Devon Energy Corp (NYSE:DVN) or 506 shares.

The company's consensus rating on Reuter's scale remained unchanged from 2.5 to 2.5 during a month.

About 103,489 shares traded. It has underperformed by 3.46% the S&P500. Another trade for 2,015 shares valued at $275,370 was sold by Wehner David M. Another trade for 625 shares valued at $83,438 was made by Desmond-Hellmann Susan on Tuesday, February 21. On July 21 Citigroup left the company rating at "Buy" and moved down the price target to $40.00 from $44.00. Therefore 92% are positive. Vetr has "Hold" rating and $25.84 target. The stock of Facebook Inc (NASDAQ:FB) earned "Buy" rating by M Partners on Friday, May 13. The rating was upgraded by Credit Suisse on Wednesday, September 16 to "Focus List". The rating was maintained by Bank of America with "Buy" on Thursday, November 5. The stock has "Sell" rating by UBS on Tuesday, December 8. The firm has "Hold" rating given on Monday, July 17 by Piper Jaffray. The stock has "Market Perform" rating by Bernstein on Thursday, July 6. HGK Asset Management Inc. raised its stake in shares of Devon Energy Corporation by 7.0% in the first quarter. It also upped Heska Corp (NASDAQ:HSKA) stake by 28,500 shares and now owns 67,473 shares. Barrett Bill Corp (NYSE:BBG) was reduced too.

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Investors sentiment decreased to 0.72 in 2016 Q4. Its down 0.19, from 1.48 in 2016Q3. It worsened, as 68 investors sold GE shares while 818 reduced holdings. 102 funds opened positions while 503 raised stakes. Argent owns 366,572 shares. It was reported on Aug, 4 by Barchart.com. King Luther Mgmt Corp holds 0.01% or 12,428 shares in its portfolio. At present, 11 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. Shareholders of record on Friday, September 15th will be given a $0.06 dividend. Athena Cap Advsrs Ltd Liability Co stated it has 212,681 shares. First Hawaiian Bancshares reported 0.19% in General Electric Company (NYSE:GE). Columbia Asset Mgmt owns 85,527 shares or 1.2% of their USA portfolio. Courage Mngmt Limited accumulated 9,000 shares. 1,465,882 shares of the company's stock were exchanged. Finally, Viking Fund Management LLC raised its stake in shares of Devon Energy Corporation by 32.1% in the first quarter. About 5.40M shares traded.

Investors sentiment decreased to 1.29 in 2016 Q4. Its down 0.01, from 0.88 in 2016Q3. It improved, as 48 investors sold Devon Energy Corp shares while 271 reduced holdings. 30 funds opened positions while 78 raised stakes. 403.62 million shares or 2.20% more from 394.94 million shares in 2016Q3 were reported. Deltec Asset Mngmt Ltd reported 0.07% stake. Community Financial Group Limited Liability Company accumulated 50,135 shares. Strs Ohio has 0% invested in Devon Energy Corp (NYSE:DVN) for 14,201 shares. More interesting news about Devon Energy Corp (NYSE:DVN) were released by: Newsok.com and their article: "Devon Energy posts $425 million profit on lower-than-expected costs" published on August 01, 2017 as well as Bizjournals.com's news article titled: "Deal of the Week: Devon Energy sells Eagle Ford assets to Houston's Penn Virginia" with publication date: August 04, 2017.

Devon Energy Corporation is an independent energy company. Fukoku Mutual Life Communication invested in 0.01% or 1,800 shares. Devon Energy Corporation's dividend payout ratio (DPR) is presently 5.47%. Ameriprise Incorporated owns 184,875 shares or 0% of their United States portfolio. As of August 2, 34 analysts provided recommendations on Devon Energy. Raymond James Services reported 59,604 shares stake. 750 are owned by City Company. On average, equities research analysts anticipate that Devon Energy Corporation will post $1.64 EPS for the current fiscal year. Metropolitan Life invested in 264,893 shares or 0.09% of the stock. Royal Bank Of Canada set a $53.00 price target on shares of Devon Energy Corporation and gave the company a "buy" rating in a report on Tuesday, April 25th. Therefore 65% are positive. BMO Capital Markets lifted their target price on Devon Energy Corporation from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Friday, July 14th. The Firm manages a leveraged portfolio of residential mortgage pass-through securities consisting of relatively short-duration adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac), or by an agency of the federal government, the Government National Mortgage Association (Ginnie Mae). Barclays PLC restated a "buy" rating and set a $31.00 price target on shares of Devon Energy Corporation in a report on Friday, July 7th. RBC Capital Markets maintained the shares of DVN in report on Monday, May 29 with "Buy" rating. Motco has invested 0% in Devon Energy Corp (NYSE:DVN). Devon Energy Corporation now has an average rating of Buy and a consensus target price of $47.71. Argus Research maintained the stock with "Buy" rating in Tuesday, August 23 report.

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