Market News

Devon Energy New (DVN) Share Price Declined While South Dakota Investment Council Raised Holding; Becker Capital Management Stake in Amgen Com (AMGN) Has Cut by $366,048 as Shares Declined

South Dakota Investment Council increased its stake in Devon Energy Corp New (DVN) by 2.37% based on its latest 2017Q3 regulatory filing with the SEC. South Dakota Investment Council bought 30,650 shares as the company’s stock declined 13.09% while stock markets rallied. The institutional investor held 1.32M shares of the oil & gas production company at the end of 2017Q3, valued at $48.61 million, up from 1.29 million at the end of the previous reported quarter. South Dakota Investment Council who had been investing in Devon Energy Corp New for a number of months, seems to be bullish on the $23.21B market cap company. The stock increased 3.08% or $1.32 during the last trading session, reaching $44.17. About 1.67M shares traded. Devon Energy Corporation (NYSE:DVN) has risen 13.24% since January 22, 2017 and is uptrending. It has underperformed by 3.46% the S&P500.

Becker Capital Management Inc decreased its stake in Amgen Inc Com (AMGN) by 1.6% based on its latest 2017Q3 regulatory filing with the SEC. Becker Capital Management Inc sold 1,968 shares as the company’s stock declined 9.68% while stock markets rallied. The institutional investor held 120,760 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $22.52 million, down from 122,728 at the end of the previous reported quarter. Becker Capital Management Inc who had been investing in Amgen Inc Com for a number of months, seems to be less bullish one the $139.34B market cap company. The stock increased 1.41% or $2.67 during the last trading session, reaching $191.95. About 1.29M shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since January 22, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.16, from 1.15 in 2017Q2. It is negative, as 58 investors sold AMGN shares while 511 reduced holdings. 108 funds opened positions while 453 raised stakes. 555.05 million shares or 0.41% less from 557.32 million shares in 2017Q2 were reported. Manchester Management Llc invested in 0.15% or 5,316 shares. Thrivent For Lutherans reported 214,981 shares. Seaward Management Lp accumulated 0.5% or 54,668 shares. Miracle Mile Advisors Lc owns 1,932 shares for 0.06% of their portfolio. Court Place Advsrs Limited Liability Com holds 4,248 shares. Thomas Story Son Lc owns 9,557 shares for 0.96% of their portfolio. Carlton Hofferkamp Jenks Wealth Mgmt Ltd owns 0.51% invested in Amgen Inc. (NASDAQ:AMGN) for 4,251 shares. Peapack Gladstone Fincl Corp accumulated 68,390 shares. Moreover, Westover Cap Lc has 0.9% invested in Amgen Inc. (NASDAQ:AMGN). Bailard accumulated 0.07% or 4,592 shares. First American Financial Bank invested in 0.4% or 28,064 shares. Lombard Odier Asset Mgmt (Switzerland) holds 0.06% of its portfolio in Amgen Inc. (NASDAQ:AMGN) for 3,253 shares. Btr Cap holds 1,320 shares or 0.05% of its portfolio. Argyle Mngmt reported 30,684 shares. Oakwood Mngmt Ca accumulated 31,734 shares.

Among 24 analysts covering Amgen Inc. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 13 Hold. Therefore 46% are positive. Amgen Inc. had 75 analyst reports since August 3, 2015 according to SRatingsIntel. UBS upgraded Amgen Inc. (NASDAQ:AMGN) on Monday, September 7 to “Buy” rating. The stock of Amgen Inc. (NASDAQ:AMGN) has “Buy” rating given on Sunday, August 27 by Jefferies. The firm earned “Buy” rating on Tuesday, October 3 by Cowen & Co. As per Monday, June 12, the company rating was maintained by Jefferies. On Wednesday, August 23 the stock rating was maintained by Oppenheimer with “Buy”. The stock of Amgen Inc. (NASDAQ:AMGN) earned “Buy” rating by Mizuho on Friday, July 14. The rating was maintained by UBS with “Neutral” on Wednesday, July 26. The firm has “Hold” rating given on Thursday, October 26 by RBC Capital Markets. Oppenheimer maintained the stock with “Buy” rating in Monday, June 19 report. On Thursday, January 18 the stock rating was maintained by Piper Jaffray with “Buy”.

Analysts await Amgen Inc. (NASDAQ:AMGN) to report earnings on February, 1. They expect $3.02 EPS, up 4.50% or $0.13 from last year’s $2.89 per share. AMGN’s profit will be $2.19 billion for 15.89 P/E if the $3.02 EPS becomes a reality. After $3.27 actual EPS reported by Amgen Inc. for the previous quarter, Wall Street now forecasts -7.65% negative EPS growth.

Becker Capital Management Inc, which manages about $2.91B US Long portfolio, upped its stake in Imax Corp (NYSE:IMAX) by 682,485 shares to 979,755 shares, valued at $22.19M in 2017Q3, according to the filing. It also increased its holding in Wal Mart Stores Inc Com (NYSE:WMT) by 9,560 shares in the quarter, for a total of 909,251 shares, and has risen its stake in Citigroup Inc Com (NYSE:C).

Since October 9, 2017, it had 0 insider purchases, and 3 sales for $836,311 activity.

Among 36 analysts covering Devon Energy Corporation (NYSE:DVN), 25 have Buy rating, 0 Sell and 11 Hold. Therefore 69% are positive. Devon Energy Corporation had 110 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Devon Energy Corporation (NYSE:DVN) has “Buy” rating given on Friday, September 1 by Stifel Nicolaus. Bernstein upgraded Devon Energy Corporation (NYSE:DVN) on Thursday, October 1 to “Outperform” rating. The rating was upgraded by Barclays Capital on Monday, January 11 to “Overweight”. The stock of Devon Energy Corporation (NYSE:DVN) earned “Buy” rating by Societe Generale on Thursday, February 16. The firm has “Overweight” rating given on Wednesday, October 18 by Morgan Stanley. iBERIA Capital Partners maintained the shares of DVN in report on Tuesday, March 8 with “Sector Perform” rating. The company was maintained on Monday, July 18 by Citigroup. The rating was maintained by Stifel Nicolaus on Thursday, October 5 with “Buy”. The firm has “Buy” rating by Guggenheim given on Thursday, November 12. Jefferies reinitiated Devon Energy Corporation (NYSE:DVN) on Tuesday, October 10 with “Buy” rating.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.08, from 1.08 in 2017Q2. It worsened, as 55 investors sold DVN 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. 378,804 were reported by Van Den Berg Mngmt I. Wheatland Advsr Inc reported 14,100 shares. M&R Capital Management holds 0.26% of its portfolio in Devon Energy Corporation (NYSE:DVN) for 29,367 shares. Factory Mutual Ins Comm reported 1.08 million shares stake. Papp L Roy And Associates reported 5,715 shares stake. Schafer Cullen Management owns 0.02% invested in Devon Energy Corporation (NYSE:DVN) for 37,272 shares. Baldwin Brothers Ma holds 0.01% of its portfolio in Devon Energy Corporation (NYSE:DVN) for 2,100 shares. Guardian Life Ins Co Of America reported 0.01% of its portfolio in Devon Energy Corporation (NYSE:DVN). Paragon Mgmt Ltd Llc accumulated 155,326 shares. Pointstate Limited Partnership holds 0.36% or 1.15 million shares. Natl Bank Of Mellon Corp reported 5.68M shares or 0.06% of all its holdings. Greenleaf has invested 0% in Devon Energy Corporation (NYSE:DVN). Quantbot Technologies Ltd Partnership reported 22,023 shares. Intrust Bank & Trust Na has invested 0.11% in Devon Energy Corporation (NYSE:DVN). Cannell Peter B holds 0.03% of its portfolio in Devon Energy Corporation (NYSE:DVN) for 21,742 shares.

South Dakota Investment Council, which manages about $4.94B US Long portfolio, decreased its stake in Owens Ill Inc (NYSE:OI) by 299,370 shares to 193,100 shares, valued at $4.86 million in 2017Q3, according to the filing. It also reduced its holding in Aflac Inc (NYSE:AFL) by 21,000 shares in the quarter, leaving it with 29,900 shares, and cut its stake in Public Svc Enterprise Group (NYSE:PEG).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Leave a Reply

Your email address will not be published. Required fields are marked *