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Devon Energy (DVN) Research Coverage Started at Credit Suisse Group

Devon Energy Corporation was covered by a number of analysts recently, 11 rated the stock as Buy, 8 rated Hold, 0 rated sell and 0 gave an Underperform. The hedge fund run by John Griffin held 1.34 million shares of the oil & gas production company at the end of 2017Q3, valued at $49.13 million, down from 1.37 million at the end of the previous reported quarter. New England Research & Management Inc who had been investing in Devon Energy for a number of months, seems to be less bullish one the $21.85B market cap company. DVN has diverse figures for different time frames; starting from week's performance it going forward toward positive percentage of 7.68% in last five regular trading sessions. About 4.25 million shares traded. Medtronic plc (NYSE:MDT) has risen 4.04% since December 22, 2016 and is uptrending. It has underperformed by 3.46% the S&P500. 157,289 were accumulated by Sg Americas Secs Limited Company. We all know that when it comes to solving the questions posed by the stock market, there are no simple answers, especially when those questions involve uncertain investing climate. The stock increased 0.03% or $0.01 during the last trading session, reaching $30.33. Daily price fluctuations affect a lot of traders, in order to stop that and fully focus on the stock, investors and traders prefer to use 200-day moving average. SilverBow Resources, Inc. (NYSE:SBOW) has 0.00% since December 23, 2016 and is. It has underperformed by 16.70% the S&P500. 109,520 were accumulated by Pinebridge Investments L P. Parkwood Ltd Liability Corporation owns 6,644 shares or 0.04% of their U.S. portfolio. BMO Capital Markets set a $38.00 price objective on shares of Devon Energy and gave the stock a "buy" rating in a report on Monday, August 28th. Therefore 71% are positive. Devon Energy Corporation (NYSE:DVN) has experienced an average volume of 4337481. Jefferies maintained it with "Buy" rating and $46.0 target in Wednesday, December 20 report. Citigroup has "Buy" rating and $58 target. The firm has "Buy" rating by Credit Suisse given on Monday, April 3. More interesting news about Devon Energy Corporation (NYSE:DVN) were released by: Marketwatch.com and their article: "Energy ETF on track for best week in more than a year" published on December 22, 2017 as well as Seekingalpha.com's news article titled: "Devon Energy: Oil Is Looking Green" with publication date: November 27, 2017. As per Thursday, May 19, the company rating was upgraded by Johnson Rice. The firm has "Buy" rating given on Thursday, July 13 by Stifel Nicolaus. DVN's profit will be $304.79M for 17.92 P/E if the $0.58 EPS becomes a reality. After $0.46 actual EPS reported by Devon Energy Corporation for the previous quarter, Wall Street now forecasts 26.09% EPS growth.

Investors sentiment decreased to 1 in 2017 Q3. DVN has a current ratio of 1.60 compared to 0.60 for CRC.

Elm Ridge Management LLC trimmed its holdings in shares of Devon Energy Corporation (NYSE:DVN) by 35.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 75 funds opened positions while 209 raised stakes. The energy company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.07. Finally, Scout Investments Inc. bought a new position in shares of Devon Energy in the 3rd quarter worth $32,652,000.

WARNING: "New York State Common Retirement Fund Raises Holdings in Devon Energy Corporation (DVN)" was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. Anchor Advsrs invested in 370,686 shares.

Zacks methodology is a blend of fundamental and quantitative research, where analysts have written research reports on over 960 stocks in addition to quantitatively-driven snapshot reports on another 2,600 stocks. Moreover, Associated Banc has 0.02% invested in Devon Energy Corporation (NYSE:DVN). Raymond James & holds 0.16% or 2.31 million shares.

Devon Energy (NYSE:DVN) last announced its quarterly earnings data on Tuesday, October 31st. Devon Energy Corporation (NYSE:DVN)'s market cap is $20317.5. Headinvest Ltd invested in 25,617 shares. It also increased its holding in Ishares 0 (STIP) by 31,240 shares in the quarter, for a total of 57,400 shares, and has risen its stake in Spdr S&P 500 Etf Trust (SPY).

Devon Energy Corporation (NYSE:DVN) belongs to Basic Materials sector, other than individual factors many other macro and micro factors also effects whole sector and industries. Cibc World Markets Corp holds 0.16% in Medtronic plc (NYSE:MDT) or 208,232 shares. Medtronic had 76 analyst reports since August 10, 2015 according to SRatingsIntel. Following the transaction, the executive vice president now owns 67,900 shares in the company, valued at $2,599,891.

Investors sentiment decreased to 0.89 in Q3 2017. Its up 0.22, from 0.9 in 2017Q2. Devon Energy accounts for about 4.5% of Elm Ridge Management LLC's holdings, making the stock its 6th largest holding. British Columbia Management owns 481,061 shares. Deutsche Retail Bank Ag owns 1.01M shares. Adams Asset Advisors Limited Liability Corp invested in 41,787 shares or 0.21% of the stock. Arcadia Inv Mi owns 739 shares for 0.02% of their portfolio. Pinnacle Associate Ltd reported 0.11% in Medtronic plc (NYSE:MDT).

Devon Energy Corporation (NYSE:DVN) has a Price to Book ratio of 2.801094. Perhaps, that suggests something about why 78.83% of the outstanding share supply is held by institutional investors. Olstein Capital Mngmt Limited Partnership has 111,000 shares for 1.11% of their portfolio. Palisade Ltd Liability Corporation Nj holds 0.03% or 23,590 shares in its portfolio. Letko Brosseau Assocs owns 2.23M shares for 0.74% of their portfolio.

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