Devon Energy Corp (DVN) Stake Has Upped by Bluestein R H & Company

September 30, 2018 - By Billy Entrekin

Devon Energy Corporation (NYSE:DVN) LogoInvestors sentiment decreased to 0.83 in Q2 2018. Its down 0.11, from 0.94 in 2018Q1. It worsened, as 64 investors sold DVN shares while 252 reduced holdings. 86 funds opened positions while 176 raised stakes. 398.41 million shares or 2.29% less from 407.74 million shares in 2018Q1 were reported. Rothschild Ptnrs Ltd Liability Company has invested 0.47% of its portfolio in Devon Energy Corporation (NYSE:DVN). Moore Cap Mgmt Limited Partnership holds 0.81% or 757,000 shares. Aqr Cap Mngmt has 0.16% invested in Devon Energy Corporation (NYSE:DVN). Exane Derivatives owns 415 shares or 0% of their US portfolio. Shelton Mngmt invested in 0.03% or 10,119 shares. Tarbox Family Office owns 168 shares. Neuberger Berman Grp Ltd Com reported 3.83 million shares. 73,934 were reported by Cibc Ww Markets Corporation. Regent Invest Mgmt Ltd has 6,890 shares for 0.1% of their portfolio. Nj State Employees Deferred Compensation Plan holds 0.13% or 17,000 shares in its portfolio. Fukoku Mutual Life Ins owns 5,900 shares. Goldman Sachs Group invested 0.07% in Devon Energy Corporation (NYSE:DVN). Brown Advisory holds 0% of its portfolio in Devon Energy Corporation (NYSE:DVN) for 13,034 shares. Matrix Asset Advsrs accumulated 187,495 shares. Associated Banc, Alabama-based fund reported 6,639 shares.

Bluestein R H & Company increased its stake in Devon Energy Corp (DVN) by 11.41% based on its latest 2018Q2 regulatory filing with the SEC. Bluestein R H & Company bought 105,235 shares as the company’s stock declined 1.50% while stock markets rallied. The hedge fund held 1.03 million shares of the oil & gas production company at the end of 2018Q2, valued at $45.16M, up from 922,036 at the end of the previous reported quarter. Bluestein R H & Company who had been investing in Devon Energy Corp for a number of months, seems to be bullish on the $20.32B market cap company. The stock increased 1.42% or $0.56 during the last trading session, reaching $39.94. About 7.24M shares traded or 18.91% up from the average. Devon Energy Corporation (NYSE:DVN) has risen 30.40% since September 30, 2017 and is uptrending. It has outperformed by 14.78% the S&P500.

Bluestein R H & Company, which manages about $2.94B and $1.94 billion US Long portfolio, decreased its stake in Raytheon Co (NYSE:RTN) by 61,881 shares to 213,741 shares, valued at $41.29 million in 2018Q2, according to the filing. It also reduced its holding in General Dynamics Corp (NYSE:GD) by 128,000 shares in the quarter, leaving it with 3,771 shares, and cut its stake in Hess Corp (NYSE:HES).

Another recent and important Devon Energy Corporation (NYSE:DVN) news was published by which published an article titled: “This Oil Company Is Buying Back Its Stock as Fast as It Can” on September 17, 2018.

Devon Energy Corporation (NYSE:DVN) Ratings Coverage

Among 16 analysts covering Devon Energy Corp (NYSE:DVN), 11 have Buy rating, 0 Sell and 5 Hold. Therefore 69% are positive. Devon Energy Corp had 19 analyst reports since April 12, 2018 according to SRatingsIntel. Morgan Stanley maintained it with “Equal-Weight” rating and $44 target in Wednesday, September 26 report. The rating was maintained by Bank of America with “Buy” on Monday, July 16. FBR Capital maintained Devon Energy Corporation (NYSE:DVN) rating on Monday, June 11. FBR Capital has “Neutral” rating and $47 target. The company was maintained on Friday, April 13 by RBC Capital Markets. UBS upgraded the stock to “Buy” rating in Monday, August 6 report. On Thursday, April 12 the stock rating was downgraded by Scotia Capital to “Buy”. The firm earned “Buy” rating on Monday, April 23 by Stifel Nicolaus. The stock of Devon Energy Corporation (NYSE:DVN) earned “Buy” rating by Stephens on Tuesday, April 24. PiperJaffray reinitiated the shares of DVN in report on Friday, September 28 with “Overweight” rating. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, August 16.

Devon Energy Corporation (NYSE:DVN) Institutional Positions Chart

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