FY2016 Earnings Estimate for Devon Energy Corp. Issued By CLSA (DVN)

Jeannie Matthews
January 13, 2018

Shares of Devon Energy Corporation (DVN) traded down $0.71 during trading on Wednesday, reaching $42.54. The institutional investor held 279,907 shares of the oil & gas production company at the end of 2017Q3, valued at $10.28M, up from 245,652 at the end of the previous reported quarter.

Devon Energy (NYSE:DVN) last released its earnings results on Tuesday, October 31st. It has underperformed by 3.46% the S&P500. They now have a $39.00 price target on the energy company's stock. The corporation has a market cap of US$9.77 Billion. In the last 5 trading days, the stock had increased by 3.72% while in the past three months, the overall change in the stock is 12.21%. Narrowing our focus to the previous 1 month, the shares have been up by 4.67%. Pepsico, Inc. (NYSE:PEP) has risen 12.20% since January 10, 2017 and is uptrending. It has outperformed by 29.15% the S&P500. Exane Derivatives owns 6,263 shares or 0.04% of their U.S. portfolio.

Analysts await Mack-Cali Realty Corporation (NYSE:CLI) to report earnings on February, 27. The energy company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.07. DVN's profit will be $304.79M for 18.34 P/E if the $0.58 EPS becomes a reality. Analysts are forecasting earnings of $0.62 on a per share basis this quarter. The volume for the company on January 10, 2018 consisted of almost 3.44 million contracts traded. Key Grp Holdings (Cayman) reported 1.68M shares.

Since August 21, 2017, it had 0 insider purchases, and 19 insider sales for $16.07 million activity. Therefore 71% are positive. PepsiCo had 62 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Hold" rating by Jefferies given on Tuesday, August 22. The stock has "Accumulate" rating by Johnson Rice on Thursday, May 19. The stock of Devon Energy Corporation (NYSE:DVN) earned "Accumulate" rating by KLR Group on Monday, July 18. As per Wednesday, May 4, the company rating was maintained by JP Morgan. As per Friday, September 15, the company rating was maintained by Stifel Nicolaus. (NASDAQ:PEP) has "Outperform" rating given on Friday, September 16 by Credit Suisse. RBC Capital Markets maintained it with "Buy" rating and $43.0 target in Thursday, August 24 report. The stock has "Buy" rating by BMO Capital Markets on Tuesday, October 10.

Investors sentiment increased to 0.94 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. Federated Investors Pa stated it has 442,531 shares. 106 funds opened positions while 593 raised stakes. 279.70 million shares or 306.41% more from 68.82 million shares in 2017Q2 were reported. Guinness Asset Mngmt, United Kingdom-based fund reported 289,776 shares.

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The company now has an insider ownership of 0.1 Percent and Institutional ownership of 79.8 Percent.

Folketrygdfondet increased its stake in Statoil Asa (STO) by 0.29% based on its latest 2017Q3 regulatory filing with the SEC. M&R Cap Management Inc owns 1.58% invested in Pepsico, Inc. 115,732 were reported by Earnest Prtn Ltd Liability Corporation. Sheets Smith Wealth has invested 0.24% of its portfolio in The Boeing Company (NYSE:BA). They now have a $42.00 price objective on the energy company's stock. Victory Cap Mgmt has invested 0.01% in The Boeing Company (NYSE:BA). Vanguard Group Inc. now owns 44,823,163 shares of the energy company's stock valued at $1,432,998,000 after purchasing an additional 1,295,417 shares in the last quarter. It also reduced its holding in Automatic Data Processing In (NASDAQ:ADP) by 3,065 shares in the quarter, leaving it with 18,286 shares, and cut its stake in Intercontinental Exchange In (NYSE:ICE). Therefore 69% are positive. 0 analysts gave its stock an Outperform rating. The company was downgraded on Wednesday, October 28 by UBS. Cowen & Co has "Buy" rating and $40.0 target. (NASDAQ:ADI) on Thursday, August 31. The rating was maintained by Jefferies with "Hold" on Tuesday, July 4.

Several research analysts have issued reports on DVN shares. Piper Jaffray has "Hold" rating and $4800 target. The stock has "Hold" rating by Jefferies on Tuesday, October 3.

Devon Energy Corp (NYSE:DVN) institutional sentiment decreased to 1 in 2017 Q3. Mean recommendation is rated on a 1 to 5 scale. It worsened, as 55 investors sold DVN shares while 230 reduced holdings. The hedge funds in our partner's database now have: 396.57 million shares, down from 400.45 million shares in 2017Q2. Employees Retirement Sys Of Texas has 0.03% invested in Analog Devices, Inc. Eagle Asset holds 0.01% or 30,877 shares in its portfolio. Tcw Gp, California-based fund reported 28,948 shares. Gideon Capital owns 0.35% invested in Devon Energy Corporation (NYSE:DVN) for 9,531 shares. Adage Cap Ptnrs Gru Ltd Liability Corporation owns 0.01% invested in Devon Energy Corporation (NYSE:DVN) for 89,400 shares. Comerica State Bank holds 0.05% or 177,231 shares. Skba Capital Mgmt Ltd Liability Corp has 1.94% invested in Pepsico, Inc. The outstanding shares for Devon Energy Corporation is 526.98, along with a floating outstanding shares of 524.13. 121,444 are owned by Commercial Bank Of Nova Scotia. TVR Capital Management LP lifted its position in Devon Energy by 121.8% in the second quarter. Parametric Portfolio Associates LLC owned approximately 0.32% of Devon Energy worth $61,461,000 as of its most recent filing with the SEC. Rainier Invest Limited Liability Company stated it has 0.21% in Devon Energy Corporation (NYSE:DVN). Citadel Advsr Lc holds 675,788 shares.

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