Felix Stack Holdings Acquired Stake in Devon Energy CorpDe

February 15, 2018 - By Winifred Garcia

 Felix Stack Holdings Acquired Stake in Devon Energy CorpDe

Investors sentiment decreased to 1 in Q3 2017. Its down 0.08, from 1.08 in 2017Q2. It fall, as 55 investors sold Devon Energy Corporation shares while 230 reduced holdings. 75 funds opened positions while 209 raised stakes. 396.57 million shares or 0.97% less from 400.45 million shares in 2017Q2 were reported.

Bartlett And Commerce Ltd Liability Corporation stated it has 4 shares. Citadel Advisors Ltd Liability owns 5.81 million shares. Thrivent Fincl For Lutherans accumulated 1.08M shares. Sg Americas Secs Limited Liability Corporation invested in 157,289 shares or 0.05% of the stock. Moreover, Suntrust Banks has 0.03% invested in Devon Energy Corporation (NYSE:DVN). Moreover, Schwab Charles Inv Mngmt Inc has 0.06% invested in Devon Energy Corporation (NYSE:DVN). Schwartz Investment Counsel accumulated 14,900 shares. Financial Bank Of Hawaii accumulated 6,935 shares. 9,531 are owned by Gideon Capital Advsr. Quantitative Systematic Strategies Ltd Limited Liability Company reported 17,924 shares or 0.17% of all its holdings. Commonwealth Equity Serv stated it has 0.01% in Devon Energy Corporation (NYSE:DVN). First Manhattan owns 61,585 shares or 0.01% of their US portfolio. Icm Asset Wa holds 0.49% of its portfolio in Devon Energy Corporation (NYSE:DVN) for 11,550 shares. Shapiro Mgmt Lc stated it has 1.34M shares. Benchmark Advsr accumulated 1.19% or 41,753 shares.

The New Felix Stack Holdings Holding in Devon Energy CorpDe

Felix Stack Holdings reported SC 13G/A form with the SEC for Devon Energy CorpDe. Access it here: 000119312518045303. As reported by Felix Stack Holdings, the filler owns 2.2% or 11,793,164 shares of the Energy–company.

Devon Energy CorpDe stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Felix Stack Holdings’s positive view for Devon Energy CorpDe.

Devon Energy CorpDe Institutional Sentiment

Filings show 687 investors own Devon Energy CorpDe. The ownership in Q3 2015 is extremely high, at Infinity of the outstanding shares. This is increased by 3191809. 314534871 were owned by these investors. 57 funds opened new Devon Energy CorpDe stakes, 242 increased positions. There were 136 that closed positions and 284 reduced them.

10 investors had the stock in their top 10. Some are: First Reserve Gp Xii Ltd, Mitchell Group Inc, Sir Capital Management L.P., Elm Ridge Management Llc, Key Group Holdings (Cayman) Ltd., Stuyvesant Capital Management, Bronson Point Management Llc..

Camelot Portfolios Llc is an investor bullish on Devon Energy CorpDe, owning 26934 shares as of Q3 2015 for 0.67% of its portfolio. Burnham Asset Management Corp owns 17500 shares or 0.17% of its portfolio. TX Avalon Advisors Llc have 0.02% of its portfolio for 9428 shares. Further, Aviance Capital Management Llc reported stake worth 0.01% of its portfolio. The TX Adams Asset Advisors Llc owns 44093 shares. Devon Energy CorpDe is 0.31% of its portfolio.

Business Profile

Devon Energy Corporation is an independent energy company. The Company also controls EnLink Midstream Partners, L.P. (EnLink). The Company’s segments include U.S., Canada and EnLink. The Company is engaged primarily in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Company’s operations are concentrated in various North American onshore areas in the United States and Canada. The Company’s U.S. and Canada segments are primarily engaged in oil and gas exploration and production activities. EnLink is a master limited partnership (MLP) with a midstream business and operations located across the United States. EnLink focuses on providing gathering, transmission, processing, storage, fractionation and marketing to upstream oil and natural gas producers. The Company’s properties include Barnett Shale, Delaware Basin, Eagle Ford, Heavy Oil, Rockies Oil and STACK.

SEC Form 13G.

The stock decreased 3.50% or $1.245 during the last trading session, reaching $34.315. About 3.19 million shares traded. Devon Energy Corporation (NYSE:DVN) has risen 13.24% since February 15, 2017 and is uptrending. It has underperformed by 3.46% the S&P500.

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States and Canada. The company has market cap of $18.03 billion. It operates approximately 15,200 gross wells. It has a 11.68 P/E ratio. The firm also offers gathering, transmission, processing, storage, fractionation, and marketing to upstream oil and natural gas producers; and owns natural gas pipelines, plants and treatment facilities.

Devon Energy Corporation (NYSE:DVN) Ratings Coverage

Among 38 analysts covering Devon Energy Corporation (NYSE:DVN), 24 have Buy rating, 0 Sell and 14 Hold. Therefore 63% are positive. Devon Energy Corporation has $80 highest and $26 lowest target. $48.23’s average target is 40.55% above currents $34.315 stock price. Devon Energy Corporation had 117 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, February 19, the company rating was maintained by Barclays Capital. As per Wednesday, January 10, the company rating was downgraded by Capital One. The firm has “Buy” rating by RBC Capital Markets given on Thursday, August 24. JP Morgan maintained it with “Overweight” rating and $38 target in Wednesday, May 4 report. The stock of Devon Energy Corporation (NYSE:DVN) earned “Sell” rating by UBS on Thursday, June 16. The firm has “Overweight” rating given on Thursday, September 1 by Barclays Capital. The firm has “Hold” rating given on Tuesday, January 23 by KLR Group. Stifel Nicolaus maintained it with “Buy” rating and $61.0 target in Friday, August 25 report. The firm has “Buy” rating by Guggenheim given on Thursday, November 12. RBC Capital Markets maintained Devon Energy Corporation (NYSE:DVN) on Tuesday, July 4 with “Buy” rating.

More news for Devon Energy Corporation (NYSE:DVN) were recently published by: Nasdaq.com, which released: “Devon Energy Corp. Breaks Below 200-Day Moving Average – Notable for DVN” on February 07, 2018. Businesswire.com‘s article titled: “Devon Energy Converts to Successful-Efforts Accounting Method” and published on January 24, 2018 is yet another important article.

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