Amica Mutual Insurance Company decreased its stake in Devon Energy Corporation (DVN) by 82.13% based on its latest 2016Q3 regulatory filing with the SEC. Amica Mutual Insurance Company sold 258,236 shares as the company’s stock rose 17.78% with the market. The institutional investor held 56,194 shares of the oil & gas production company at the end of 2016Q3, valued at $2.48 million, down from 314,430 at the end of the previous reported quarter. Amica Mutual Insurance Company who had been investing in Devon Energy Corporation for a number of months, seems to be less bullish one the $24.92 billion market cap company. The stock is up 0.50% or $0.24 hitting $47.79, despite the negative news. About 3.91 million shares traded hands. Devon Energy Corp (NYSE:DVN) has risen 52.40% since May 5, 2016 and is uptrending. It has outperformed by 44.55% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q3. Its down 0.05, from 0.94 in 2016Q2. The ratio fall, as 53 funds sold all DVN shares owned while 275 reduced positions. 90 funds bought stakes while 203 increased positions. They now own 394.94 million shares or 0.78% more from 391.88 million shares in 2016Q2. Standard Life Investments Ltd holds 0.96% or 5.30 million shares in its portfolio. Ontario Teachers Pension Plan Board has invested 0.24% of its portfolio in Devon Energy Corp (NYSE:DVN). Sg Americas Secs Ltd Liability Corp has 18,629 shares for 0.01% of their US portfolio. Chevy Chase Trust Holdg has 626,439 shares for 0.15% of their US portfolio. Columbia Pacific Limited has 64,507 shares for 1.79% of their US portfolio. Cliftonlarsonallen Wealth Llc has invested 3.27% of its portfolio in Devon Energy Corp (NYSE:DVN). The Vermont-based Prentiss Smith & has invested 0.03% in Devon Energy Corp (NYSE:DVN). Cls Llc last reported 0% of its portfolio in the stock. Paradigm Asset Mgmt Co Limited Co last reported 0% of its portfolio in the stock. Panagora Asset Mngmt has 0.06% invested in the company for 298,960 shares. Btr Mgmt Inc holds 0.75% or 75,666 shares in its portfolio. First Interstate Bancorp, a Montana-based fund reported 1,300 shares. Whittier Trust Communications Of Nevada accumulated 6,857 shares or 0.03% of the stock. Adams Asset Limited Com has 0.27% invested in the company for 44,093 shares. Old Mutual Customised Solutions (Proprietary), a South Africa-based fund reported 20,000 shares.
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 $93.86M for 66.38 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.
More important recent Devon Energy Corp (NYSE:DVN) news were published by: Fool.com which released: “Why Devon Energy Corp.’s Stock Rocketed 28.3% in November” on December 07, 2016, also Forbes.com published article titled: “Devon Energy Reaches Analyst Target Price”, Newsok.com published: “Devon Energy agrees to cancel federal leases on tribal land in Montana” on November 17, 2016. More interesting news about Devon Energy Corp (NYSE:DVN) was released by: Nasdaq.com and their article: “The Zacks Analyst Blog Highlights: Baker Hughes, Concho Resources, Devon …” with publication date: December 06, 2016.
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.”
Out of 25 analysts covering Devon Energy Corporation (NYSE:DVN), 18 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 72% are positive. Devon Energy Corporation has been the topic of 56 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Guggenheim given on Thursday, November 12. As per Monday, January 11, the company rating was upgraded by Barclays Capital. The rating was downgraded by Howard Weil to “Sector Outperform” on Friday, August 14. The firm earned “Buy” rating on Monday, July 18 by Citigroup. iBERIA Capital Partners maintained Devon Energy Corp (NYSE:DVN) on Tuesday, March 8 with “Sector Perform” rating. On Tuesday, August 23 the stock rating was maintained by Argus Research with “Buy”. The firm has “Neutral” rating by Seaport Global given on Wednesday, January 13. Barclays Capital maintained the stock with “Overweight” rating in Friday, February 19 report. The stock of Devon Energy Corp (NYSE:DVN) earned “Buy” rating by Citigroup on Thursday, April 7. The rating was maintained by UBS with “Sell” on Tuesday, December 8.
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.