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Bronson Point Management Lifted Its Stake in Devon Energy New (DVN) by $2.17 Million; Mitsubishi Ufj Trust & Banking Has Trimmed Holding in Financial Engines (FNGN) as Share Price Rose

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Larry Foley increased its stake in Devon Energy Corp New (DVN) by 21.21% based on its latest 2018Q1 regulatory filing with the SEC. Bronson Point Management Llc bought 70,000 shares as the company’s stock rose 28.38% while stock markets declined. The hedge fund run by Larry Foley held 400,000 shares of the oil & gas production company at the end of 2018Q1, valued at $12.72 million, up from 330,000 at the end of the previous reported quarter. Bronson Point Management Llc who had been investing in Devon Energy Corp New for a number of months, seems to be bullish on the $21.87B market cap company. The stock increased 0.42% or $0.175 during the last trading session, reaching $41.785. About 1.34 million shares traded. Devon Energy Corporation (NYSE:DVN) has risen 13.57% since June 20, 2017 and is uptrending. It has outperformed by 1.00% the S&P500. Some Historical DVN News: 26/03/2018 – DEVON CEO DAVE HAGER COMMENTS IN INVESTOR PRESENTATION; 01/05/2018 – Devon Energy 1Q Loss $197M; 07/03/2018 – Devon Energy Announces Tender Offers for up to $1.0 Billion Aggregate Purchase Price for Certain Outstanding Debt Securities and Related Consent Solicitations; 03/05/2018 – Devon at Citi Global Energy and Utilities Conference May 16; 02/04/2018 – Fidelity Mid Cap Value Adds Ametek, Exits Devon; 01/05/2018 – Devon Energy: Raising full-Yr 2018 Oil Production Outlook; 26/03/2018 – DEVON SEES 15% COST SAVINGS BY 2020; 21/03/2018 – DEVON ENERGY- RECEIVED REQUISITE CONSENTS RELATED TO CONSENT SOLICITATIONS TO ADOPT SOME PROPOSED AMENDMENTS TO INDENTURE GOVERNING 7.950% DEBENTURES DUE 2032; 07/03/2018 – DEVON ENERGY REPORTS $553M SALE OF JOHNSON COUNTY ASSETS; 15/05/2018 – Devon at Citi Global Energy & Utilities Conference Tomorrow

Mitsubishi Ufj Trust & Banking Corp decreased its stake in Financial Engines (FNGN) by 94.27% based on its latest 2018Q1 regulatory filing with the SEC. Mitsubishi Ufj Trust & Banking Corp sold 262,250 shares as the company’s stock rose 24.65% while stock markets declined. The institutional investor held 15,930 shares of the finance company at the end of 2018Q1, valued at $558,000, down from 278,180 at the end of the previous reported quarter. Mitsubishi Ufj Trust & Banking Corp who had been investing in Financial Engines for a number of months, seems to be less bullish one the $2.86 billion market cap company. The stock increased 0.06% or $0.02 during the last trading session, reaching $44.92. About 47,180 shares traded. Financial Engines, Inc. (NASDAQ:FNGN) has risen 15.19% since June 20, 2017 and is uptrending. It has outperformed by 2.62% the S&P500. Some Historical FNGN News: 30/04/2018 – Financial Engines: Transaction Values Company at About $3.02 Billion; 30/04/2018 – Edelman, Financial Engines to Combine Following Sale — Barrons.com; 09/05/2018 – FINANCIAL ENGINES 1Q ADJ EPS 47C, EST. 43C; 10/04/2018 – Factors of Influence in 2018, Key Indicators and Opportunity within Nova Measuring Instruments, Flex, Financial Engines, Mitel; 30/04/2018 – Financial Engines to Sell Itself to Private-Equity Firm; 30/04/2018 – FINANCIAL ENGINES: PACT TO BE BOUGHT BY HELLMAN & FRIEDMAN FOR; 30/04/2018 – Financial Engines to Be Acquired by Hellman & Friedman for $45/Share in Cash; 17/05/2018 – FTC: 20181200: Edelman Financial, L.P.; Financial Engines, Inc; 09/05/2018 – Financial Engines 1Q Adj EPS 47c; 30/04/2018 – Financial Engines Sale Signals More of Money Management M&A Boom

More news for Devon Energy Corporation (NYSE:DVN) were recently published by: Fool.com, which released: “Devon Energy Corp Unlocks Significant Value by Unloading Its Midstream Business” on June 06, 2018. Fool.com‘s article titled: “These 2 Oil Stocks Could Skyrocket in the Second Half of 2018” and published on June 13, 2018 is yet another important article.

Among 39 analysts covering Devon Energy Corporation (NYSE:DVN), 25 have Buy rating, 0 Sell and 14 Hold. Therefore 64% are positive. Devon Energy Corporation had 136 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, June 21 by Seaport Global. FBR Capital maintained it with “Hold” rating and $37.0 target in Friday, March 9 report. The stock has “Buy” rating by Credit Suisse on Tuesday, January 23. The company was maintained on Monday, March 19 by Jefferies. On Friday, February 23 the stock rating was upgraded by KLR Group to “Buy”. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, March 23. The stock of Devon Energy Corporation (NYSE:DVN) has “Buy” rating given on Monday, April 23 by Stifel Nicolaus. The firm has “Overweight” rating given on Wednesday, October 18 by Morgan Stanley. Stephens upgraded the stock to “Overweight” rating in Thursday, November 2 report. The firm earned “Neutral” rating on Thursday, January 19 by UBS.

Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.02, from 0.92 in 2017Q4. It increased, as 70 investors sold DVN shares while 229 reduced holdings. 82 funds opened positions while 199 raised stakes. 407.74 million shares or 0.72% more from 404.83 million shares in 2017Q4 were reported. Veritable Ltd Partnership has invested 0.01% in Devon Energy Corporation (NYSE:DVN). Manufacturers Life Ins The invested in 0.05% or 1.48M shares. Brown Advisory stated it has 7,842 shares. Ameriprise Fincl Incorporated stated it has 3.39M shares. Bridgewater Assoc LP accumulated 21,254 shares. Nordea Investment Mgmt stated it has 0.03% in Devon Energy Corporation (NYSE:DVN). Citigroup holds 0.04% in Devon Energy Corporation (NYSE:DVN) or 1.72 million shares. Jennison Assoc Ltd Liability Com holds 899,942 shares. First Republic Investment Mngmt accumulated 449,060 shares. Nuwave Mngmt Ltd Company holds 0.04% of its portfolio in Devon Energy Corporation (NYSE:DVN) for 871 shares. D E Shaw And Com accumulated 4.57M shares or 0.2% of the stock. First Citizens Fincl Bank holds 17,724 shares or 0.08% of its portfolio. Vantage Investment Advsr Lc holds 0% in Devon Energy Corporation (NYSE:DVN) or 295 shares. Cibc World Mkts reported 548,800 shares or 0.07% of all its holdings. State Treasurer State Of Michigan reported 154,863 shares.

Bronson Point Management Llc, which manages about $1.86 billion and $280.76M US Long portfolio, decreased its stake in Ryder Sys Inc (NYSE:R) by 14,314 shares to 59,500 shares, valued at $4.33M in 2018Q1, according to the filing. It also reduced its holding in Alcoa Corp by 420,000 shares in the quarter, leaving it with 80,000 shares, and cut its stake in Amc Networks Inc (NASDAQ:AMCX).

Mitsubishi Ufj Trust & Banking Corp, which manages about $56.56B US Long portfolio, upped its stake in Discovery Inc (NASDAQ:DISCA) by 23,635 shares to 323,589 shares, valued at $6.94 million in 2018Q1, according to the filing. It also increased its holding in Iac/Interactivecorp (NASDAQ:IACI) by 6,431 shares in the quarter, for a total of 155,129 shares, and has risen its stake in Deere & Co. (NYSE:DE).

Analysts await Financial Engines, Inc. (NASDAQ:FNGN) to report earnings on August, 14. They expect $0.32 EPS, up 39.13% or $0.09 from last year’s $0.23 per share. FNGN’s profit will be $20.39 million for 35.09 P/E if the $0.32 EPS becomes a reality. After $0.36 actual EPS reported by Financial Engines, Inc. for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.

More news for Financial Engines, Inc. (NASDAQ:FNGN) were recently published by: Globenewswire.com, which released: “Gainey McKenna & Egleston Announces that Class Action Lawsuit Has Been Filed Against Financial Engines, Inc …” on June 18, 2018. Globenewswire.com‘s article titled: “Investor Expectations to Drive Momentum within Oxford Immunotec Global, Financial Engines, Brookfield Property …” and published on June 05, 2018 is yet another important article.

Since February 22, 2018, it had 0 insider purchases, and 7 selling transactions for $2.48 million activity. Bunch John sold $444,000 worth of stock or 10,000 shares. The insider Jones Christopher L. sold 14,663 shares worth $502,941. The insider GRUNDFEST JOSEPH sold 27,250 shares worth $1.22M.

Devon Energy Corporation (NYSE:DVN) Institutional Positions Chart

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