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Dissecting the Insider Trading Patterns of Devon Energy Corporation (DVN)

17 September 2017

It was reported on Sep, 14 by

Css Llc decreased Devon Energy Corp New (Put) (DVN) stake by 95.96% reported in 2016Q4 SEC filing. Finally, Karp Capital Management Corp purchased a new position in shares of Devon Energy Corporation in the first quarter valued at about $6,649,000. The value of the investment in Devon Energy Corporation went from $21,000 to $11,000,000 a change of 52,281.0% for the reporting period.

Short traders are feeling a little more bearish on Devon Energy Corporation of late if you take note of the rise in short interest. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.4. Of those transactions, there were 552,708 shares of DVN bought and 188,549 shares sold. TerraForm Power Inc (NASDAQ:TERP) has risen 31.65% since September 15, 2016 and is uptrending. It has underperformed by 3.46% the S&P500.

Yesterday Devon Energy Corp (NYSE:DVN) traded -0.74% lower at $31.05. Therefore 50% are positive. BTIG Research downgraded the shares of MDT in report on Wednesday, June 1 to "Neutral" rating. RBC Capital Markets maintained the stock with "Outperform" rating in Friday, November 6 report. Argus Research maintained it with "Buy" rating and $64 target in Thursday, September 17 report. The firm earned "Buy" rating on Tuesday, July 18 by Needham. Narrowing in, the stock is at a distance of -1.25% from the 50 day high and 17.56% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of Devon Energy Corporation (NYSE:DVN). The stock of Devon Energy Corp (NYSE:DVN) has "Buy" rating given on Tuesday, March 29 by Deutsche Bank. Mufg Americas invested 0% in Devon Energy Corp (NYSE:DVN). UBS has "Sell" rating and $37 target. RBC Capital Markets maintained Devon Energy Corp (NYSE:DVN) on Monday, May 29 with "Buy" rating. Shapiro Capital Management LLC now owns 1,306,283 shares of the energy company's stock valued at $54,498,000 after acquiring an additional 28,695 shares during the period. Oppenheimer has "Outperform" rating and $10 target.

Investors of record on Friday, December 15th will be issued a dividend of $0.06 per share. Its up 0.03, from 0.89 in 2016Q3. National Pension Service raised its position in shares of Devon Energy Corporation by 8.9% in the third quarter. 177.25 million shares or 1.59% more from 174.48 million shares in 2016Q3 were reported. Bnp Paribas Prtnrs Sa invested 0.09% in Devon Energy Corp (NYSE:DVN). Gsa Prns Llp reported 89,809 shares stake. Starbucks Corp (NASDAQ:SBUX) was reduced too. The stock declined 0.49% or $0.19 reaching $38.34 on the news. The Tennessee-based Td Cap Mngmt Limited Liability has invested 0% in Devon Energy Corp (NYSE:DVN). The total number of shares traded in the last 12 months is 741,257. Prentiss Smith And owns 1,211 shares for 0.03% of their portfolio. Barclays Public Limited Company invested 0.01% in Devon Energy Corp (NYSE:DVN). During the same quarter a year ago, the firm posted $0.06 earnings per share. Moreover, Prudential has 0.09% invested in Lincoln National Corporation (NYSE:LNC) for 797,791 shares. Koch Industry holds 0.55% or 5,274 shares in its portfolio. Gluskin Sheff & Associates holds 0.93% or 230,545 shares. Huber Cap Limited Liability reported 25,900 shares. Ten analysts have rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the stock. Therefore 67% are positive. Sun Life Financial Inc. had 22 analyst reports since August 6, 2015 according to SRatingsIntel. As per Monday, December 14, the company rating was upgraded by Nomura. On Friday, July 21 the stock rating was maintained by Citigroup with "Buy".

Several equities analysts have recently commented on DVN shares. The rating was upgraded by Credit Suisse on Wednesday, May 24 to "Outperform". Cowen & Co has "Market Perform" rating and $62 target. Citigroup maintained the stock with "Buy" rating in Monday, September 14 report. On Thursday, July 13 the stock rating was maintained by Stifel Nicolaus with "Buy". The rating was upgraded by Societe Generale on Thursday, February 16 to "Buy".

Investors sentiment decreased to 1.24 in Q4 2016. LNC's SI was 4.38 million shares in September as released by FINRA. 96 funds opened positions while 157 raised stakes. Fincl Counselors reported 0.09% stake. 19,512 are owned by Bessemer Gp. It also upped Crown Castle Intl Corp New (NYSE:CCI) stake by 5,639 shares and now owns 7,239 shares. Benjamin F Edwards holds 1,133 shares. Lucas Capital Mngmt invested in 50,800 shares. Ray Gerald L Assoc Ltd holds 0.12% or 18,277 shares. Macquarie Grp invested in 145,925 shares or 0.02% of the stock. Badgley Phelps Bell holds 0.54% or 55,306 shares in its portfolio. Regions Finance Corp owns 11,465 shares. Destination Wealth Mgmt holds 0.03% of its portfolio in Nucor Corporation (NYSE:NUE) for 7,830 shares. Guggenheim Cap Lc holds 0.13% or 669,956 shares. Horrell Capital Incorporated accumulated 27,160 shares.

Analysts await Medtronic plc. They expect $1.07 EPS, down 4.46% or $0.05 from last year's $1.12 per share. Ordinary Shares for the previous quarter, Wall Street now forecasts -4.46% negative EPS growth.

Nucor Corporation manufactures steel and steel products. Nine Masts Capital Ltd who had been investing in Au Optronics Corp for a number of months, seems to be bullish on the $4.02B market cap company. The Firm produces direct reduced iron (DRI) for use in its steel mills.

Dissecting the Insider Trading Patterns of Devon Energy Corporation (DVN)