Investor confidence decreased to 0.73 in the third quarter of 2018. It is down 0.10, compared to 0.83 in the second quarter of 2018. It has turned negative as 51 investors have sold shares of DVN, while 256 reduced their holdings. 71 funds opened positions while 154 increased their holdings. 360.10 million shares, 9.61% less than the 398.41 million shares in 2018 Q2 were reported. Greylin Invest Management owns 0.1% of its portfolio in Devon Energy Corporation (NYSE: DVN) for 11,360 shares. Boston Private Wealth Ltd., Liability Com, has invested 0.02% of its portfolio in Devon Energy Corporation (NYSE: DVN). Waters Parkerson & Llc holds a 0.5% interest in Devon Energy Corporation (NYSE: DVN) for 153,380 shares. Pictet Asset Mgmt has accumulated 0.02% or 273,188 shares. Whittier invested 0% in Devon Energy Corporation (NYSE: DVN). 12,148 were accumulated by Intrust Savings Bank Na. In addition, Verition Fund Management Ltd., Liability Co., has 0.03% stake in Devon Energy Corporation (NYSE: DVN). Parkside Bancorporation And Trust holds a 0.03% interest in Devon Energy Corporation (NYSE: DVN) for 1,860 shares. New York-based Capstone Inv Ltd invested 0.01% in Devon Energy Corporation (NYSE: DVN). Headinvest Limited Liability Corporation reported a stake of 19,881 shares. Gemmer Asset Management Ltd. Liability Corp. holds 0.01% or 488 shares. Fmr Llc holds 0.05% of its portfolio in Devon Energy Corporation (NYSE: DVN) for 11.63 million shares. Meiji Yasuda Life Ins Communication holds 22,058 shares, representing 0.11% of the portfolio. Fiera Capital has invested 0% of its portfolio in Devon Energy Corporation (NYSE: DVN). The First Midwest Bancorp division invested 7,099 shares, representing 0.04% of the stock.
Poplar Forest Capital Llc has reduced its interest in Devon Energy Corp New (DVN) by 32.21% based on its latest regulatory filing with the SEC of 2018T3. Poplar Forest Capital Llc sold 409,895 shares while the company's shares sold 35.15% with the market. The institutional investor held 862,638 shares of the oil and gas production company at the end of the third quarter of 2018, valued at $ 34.45 million, compared with $ 1.27 million at the end of the third quarter of end of the previous quarter. Poplar Forest Capital Llc, which has been investing in Devon Energy Corp New for several months, appears to be less optimistic than the $ 11.67 billion market capitalization company. The stock decreased by 1.50% or $ 0.38 during the last trading session to reach $ 24.92. Approximately 7.08 million shares were exchanged. Devon Energy Corporation (NYSE: DVN) has fallen 29.29% since February 10, 2018 and is on the decline. It underperformed the S & P500 by 29.29%.
Poplar Forest Capital Llc, which manages approximately $ 919.26 million and a US long portfolio of $ 1.32 billion, increased its stake in American Intl Group Inc. (NYSE: AIG) by 57,417 shares to 971,957 shares, worth $ 51.75 million in 2018Q3, according to the rankings. It also increased its stake in Davita Inc. (NYSE: DVA) by 59,678 shares during the quarter, for a total of 301,943 shares, and increased its interest in Newell Brands Inc. (NYSE: NWL).
Analysts are waiting Devon Energy Corporation (NYSE: DVN) report the profit on February 19th. They expect EPS of $ 0.35, down 7.89% or $ 0.03 from $ 0.38 per share the previous year. DVN's earnings will be $ 163.88 million for 17.80 P / E if the $ 0.35 EPS becomes a reality. After a real $ 0.63 EPS posted by Devon Energy Corporation for the previous quarter, Wall Street now expects negative EPS growth of -44.44%.
Seeonalpha.com has released the recent news from Devon Energy Corporation (NYSE: DVN): "Devon Energy: A Shareholder-friendly Company – Looking for an Alpha" on April 26, 2018, also published in the US. Seekingalpha.com article: "Devon Energy: Preview of Third Quarter Results – Seeking Alpha" published on November 01, 2018, by Seekingalpha.com: "Why Should Devon Leave the Barnett – Seeking Alpha" on October 08, 2018 Other interesting news about Devon Energy Corporation (NYSE: DVN) was published by: Seekingalpha.com and their article: "Devon Energy: I'm Bullish – Seeking Alpha" published on November 08, 2018 as well as the news article from Seekingalpha.com titled: "Devon Energy does not look Great Anymore – Seeking Alpha" with date of publication: January 29, 2019.
Rating coverage of Devon Energy Corporation (NYSE: DVN)
Of the 9 analysts covering Devon Energy (New York Stock Exchange: DVN), 5 have a purchase rating, 0 a sale and 4 a jack. As a result, 56% are positive. Devon Energy had 13 analyst reports since August 15, 2018 according to SRatingsIntel. The action of Devon Energy Corporation (NYSE: DVN) is rated "Equal-Weight", awarded Wednesday, September 26 by Morgan Stanley. JP Morgan lowered it to "Neutral" and a target of $ 37 in the report of Friday, December 7. The company received the "Purchase" rating on Wednesday, August 15th from Johnson Rice. The company was awarded the "online" rating on Monday, December 10 by Evercore. The note was maintained by Morgan Stanley on Thursday, August 16th with "Equal-Weight". On Friday, September 28, the company's rating was reset by PiperJaffray. The stock was overweighted by Barclays Capital on Thursday, November 15th. RBC Capital Markets maintained the rating of Devon Energy Corporation (NYSE: DVN) on Thursday, November 8. RBC Capital Markets has an "Overperform" rating and a goal of $ 56. On Wednesday, January 16th, Barclays Capital lowered the rating of the company. The title was noted "Buy" by Stifel Nicolaus on Sunday, November 25th.
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