As Devon Energy Corp New (DVN) Stock Value Declined, Arosa Capital Management LP Upped Stake

Devon Energy Corporation (NYSE:DVN) LogoInvestors sentiment decreased to 0.83 in Q2 2018. Its down 0.11, from 0.94 in 2018Q1. It turned negative, 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. Cushing Asset Mngmt Limited Partnership holds 0.18% or 135,871 shares in its portfolio. Indexiq Limited reported 0% in Devon Energy Corporation (NYSE:DVN). Kbc Gru Nv reported 503,944 shares stake. 1832 Asset Limited Partnership has invested 0% in Devon Energy Corporation (NYSE:DVN). Beaconlight Cap has 71,196 shares. Moreover, Barnett has 0.05% invested in Devon Energy Corporation (NYSE:DVN). Group Inc One Trading Limited Partnership stated it has 0.01% of its portfolio in Devon Energy Corporation (NYSE:DVN). Ibm Retirement Fund holds 10,016 shares or 0.09% of its portfolio. Johnson Financial Group Incorporated Inc invested in 0% or 500 shares. Smith Asset Management Gru Limited Partnership, a Texas-based fund reported 271,168 shares. Moors Cabot Inc owns 5,709 shares. Neville Rodie Shaw Inc holds 59,299 shares. Blume Cap Mgmt reported 173,437 shares. Illinois-based Peak6 Invests LP has invested 0.05% in Devon Energy Corporation (NYSE:DVN). Pinnacle Limited holds 0.22% or 245,394 shares.

Arosa Capital Management Lp increased its stake in Devon Energy Corp New (DVN) by 54.8% based on its latest 2018Q2 regulatory filing with the SEC. Arosa Capital Management Lp bought 190,395 shares as the company’s stock declined 1.50% while stock markets rallied. The institutional investor held 537,808 shares of the oil & gas production company at the end of 2018Q2, valued at $23.64 million, up from 347,413 at the end of the previous reported quarter. Arosa Capital Management Lp who had been investing in Devon Energy Corp New for a number of months, seems to be bullish on the $12.74 billion market cap company. The stock decreased 1.98% or $0.55 during the last trading session, reaching $27.2. About 8.44M shares traded or 10.63% up from the average. Devon Energy Corporation (NYSE:DVN) has risen 30.40% since December 8, 2017 and is uptrending. It has outperformed by 14.78% the S&P500.

Arosa Capital Management Lp, which manages about $456.37 million and $765.43 million US Long portfolio, decreased its stake in Ensco Plc (NYSE:ESV) by 500,000 shares to 997,009 shares, valued at $7.24 million in 2018Q2, according to the filing. It also reduced its holding in Conocophillips (Call) (NYSE:COP) by 104,160 shares in the quarter, leaving it with 300,000 shares, and cut its stake in Tenaris S A (NYSE:TS).

More notable recent Devon Energy Corporation (NYSE:DVN) news were published by: 247Wallst.com which released: “Altria, General Electric Slip into Monday’s 52-Week Low Club – 24/7 Wall St.” on November 26, 2018, also Seekingalpha.com with their article: “Chesapeake Energy +3% as oil rally outweighs J.P. Morgan downgrade – Seeking Alpha” published on December 07, 2018, Streetinsider.com published: “Stephens Starts Devon Energy (DVN) at Overweight, Top Pick – StreetInsider.com” on December 06, 2018. More interesting news about Devon Energy Corporation (NYSE:DVN) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For December 7, 2018 – Benzinga” published on December 07, 2018 as well as Fool.com‘s news article titled: “Oil Prices: It Took Bears Just 12 Days to Maul 12 Months of Bull Market Gains – Motley Fool” with publication date: November 14, 2018.

Devon Energy Corporation (NYSE:DVN) Ratings Coverage

Among 12 analysts covering Devon Energy (NYSE:DVN), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Devon Energy had 16 analyst reports since June 11, 2018 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, November 8. The stock of Devon Energy Corporation (NYSE:DVN) has “Buy” rating given on Wednesday, August 15 by Johnson Rice. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, November 20. The company was maintained on Monday, July 16 by Bank of America. Stifel Nicolaus maintained it with “Buy” rating and $5000 target in Sunday, November 25 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, August 16. As per Friday, September 28, the company rating was reinitiated by PiperJaffray. The rating was upgraded by UBS on Monday, August 6 to “Buy”. The rating was maintained by Susquehanna with “Positive” on Wednesday, August 1. The stock has “Neutral” rating by FBR Capital on Monday, June 11.

Devon Energy Corporation (NYSE:DVN) Institutional Positions Chart

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