It has underperformed by 3.46% the S&P500. (DVN) by 129.76% based on its latest 2017Q3 regulatory filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Exxonmobil Invest Tx holds 0.09% or 96,000 shares. Meyer Handelman Co who had been investing in Cvs Health Corporation for a number of months, seems to be bullish on the $70.27 billion market cap company.
The stock increased 0.94% or $0.04 during the last trading session, reaching $4.29. The shares were sold at an average price of $38.29, for a total transaction of $490,035.42. Devon Energy Corporation (NYSE:DVN) has risen 13.24% since March 9, 2017 and is uptrending. It has underperformed by 16.70% the S&P500. The institutional investor owned 59,759 shares of the energy company's stock after selling 4,149 shares during the quarter. It also reduced its holding in Meritage Homes Corp (NYSE:MTH) by 26,700 shares in the quarter, leaving it with 961,224 shares, and cut its stake in Twenty First Centy Fox Inc (NASDAQ:FOXA). Therefore 66% are positive. Devon Energy Corporation had 125 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, June 1 by Credit Suisse. The stock has "Buy" rating by Zacks on Saturday, August 8. Citigroup reissued a "buy" rating and issued a $44.00 price objective on shares of Devon Energy in a report on Tuesday, November 28th. Wolfe Research upgraded Devon Energy from a "market perform" rating to an "outperform" rating in a research note on Tuesday, January 30th. Barclays restated a "buy" rating and set a $39.00 price target on shares of Devon Energy in a research report on Sunday, December 24th. The firm has "Hold" rating by Piper Jaffray given on Tuesday, January 9.More news: SBI slashes minimum balance non-maintenance fines by up to 75%
Investors sentiment decreased to 1 in Q3 2017. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.73.
Investec Asset Management LTD lessened its stake in shares of Devon Energy Corp (NYSE:DVN) by 11.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 117 funds opened positions while 547 raised stakes. Company fiscal year is ending in December and analysts' consensus recommendation is Outperform for DVN and estimated EPS for next quarter is 1.72. Huber Cap Mgmt Lc owns 27,900 shares or 0.06% of their United States portfolio. Guggenheim upgraded Devon Energy Corporation (NYSE:DVN) on Thursday, November 12 to "Buy" rating. Walleye Trading Limited Liability Company accumulated 15,351 shares or 0% of the stock. Hsbc Public Ltd has invested 0.02% in Hess Corporation (NYSE:HES). Amer Century Companies stated it has 4.58M shares or 0.17% of all its holdings. Joel Isaacson & Ltd Liability invested 0.11% of its portfolio in Devon Energy Corporation (NYSE:DVN). Glenmede Tru Na invested in 0% or 29,190 shares. (NYSE:MO). Rhumbline Advisers has 2.92M shares for 0.4% of their portfolio. Teacher Retirement System Of Texas reported 440,118 shares or 0.1% of all its holdings.
Analysts await CMS Energy Corporation (NYSE:CMS) to report earnings on May, 7. They expect $-0.54 EPS, up 49.53% or $0.53 from last year's $-1.07 per share.More news: CIA Director Pompeo to Replace Tillerson as Secretary of State
The Company now has ROA (Return on Assets) of -1.2 percent, Return on Equity (ROE) of -8.5 Percent and Return on Investment (ROI) of 1.8% and Operating & Profit margin of 5.2% and -12.2% respectively. After $0.51 actual earnings per share reported by CMS Energy Corporation for the previous quarter, Wall Street now forecasts 50.98% EPS growth.
Investors sentiment decreased to 0.88 in 2017 Q3. Now it is offering a dividend yield of 0.77% and a 5 year dividend growth rate of -21.40%. It dived, as 34 investors sold CMS shares while 153 reduced holdings. 48 funds opened positions while 133 raised stakes. Accern also gave news coverage about the energy company an impact score of 47.7786098114666 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. Blue Chip Ptnrs accumulated 0.05% or 3,393 shares. Sumitomo Mitsui Tru Hldg Inc reported 847,384 shares stake.
Devon Energy Corporation is an independent energy company. Dynamic Management has invested 0.16% in Hess Corporation (NYSE:HES). Fjarde Ap invested in 0.06% or 69,946 shares. 254.48 million shares or 1.67% more from 250.30 million shares in 2017Q2 were reported. Moreover, Hedeker Wealth Lc has 3.23% invested in Bank of America Corporation (NYSE:BAC). Nomura holds 0.06% or 616,248 shares in its portfolio. Davenport & Ltd Liability Com has 16,108 shares. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 79% are positive. RBC Capital Markets upgraded Acadian Timber Corp. SunTrust maintained the stock with "Hold" rating in Monday, October 16 report. As per Wednesday, December 20, the company rating was maintained by Jefferies. Morgan Stanley maintained Hess Corporation (NYSE:HES) on Wednesday, January 24 with "Equal-Weight" rating.More news: Indian court extends March 31 deadline for linking of biometric IDs
Devon Energy declared that its board has authorized a share buyback program on Wednesday, March 7th that authorizes the company to buyback $1.00 billion in shares. Stifel Nicolaus maintained it with "Buy" rating and $78.0 target in Wednesday, January 10 report. As per Friday, September 1, the company rating was maintained by RBC Capital Markets. The rating was maintained by SunTrust on Monday, March 7 with "Neutral". (NYSE:MO) earned "Hold" rating by Jefferies on Monday, June 5.