As Devon Energy New (DVN) Share Value Declined, Shareholder Poplar Forest Capital Trimmed Position; As Hdfc Bank LTD (HDB) Stock Value Declined, Holder Clarivest Asset Management Has Upped Stake

HDFC Bank Limited (NYSE:HDB) Logo

Clarivest Asset Management Llc increased its stake in Hdfc Bank Ltd (HDB) by 44.4% based on its latest 2018Q2 regulatory filing with the SEC. Clarivest Asset Management Llc bought 73,700 shares as the company’s stock declined 6.74% while stock markets rallied. The institutional investor held 239,690 shares of the commercial banks company at the end of 2018Q2, valued at $25.17M, up from 165,990 at the end of the previous reported quarter. Clarivest Asset Management Llc who had been investing in Hdfc Bank Ltd for a number of months, seems to be bullish on the $82.46 billion market cap company. The stock decreased 1.05% or $1.07 during the last trading session, reaching $100.79. About 41,471 shares traded. HDFC Bank Limited (NYSE:HDB) has declined 3.92% since December 7, 2017 and is downtrending. It has underperformed by 19.54% the S&P500. Some Historical HDB News: 24/04/2018 – HDFC TO CONSIDER INCREASE IN BORROWING POWERS IN APRIL 30 MEET; 03/04/2018 – HDFC SAYS DIDN’T SELL ANY LOANS DURING 4Q; 04/05/2018 – RAJ OIL MILLS LTD RAJS.NS – SRA APPROVES TRANSFER OF FUNDS FROM ESCROW ACCOUNT WITH HDFC BANK TO CURRENT BANK ACCOUNT OF CO; 03/04/2018 – HDFC: PROPOSES TO MAKE ADDL SPECIAL PROVISION OF INR800M; 13/03/2018 – STANDARD LIFE ABERDN SLA SALE OF SHRS IN HDFC AMC; 03/04/2018 – HDFC SAYS ADDITIONAL PROVISION BEING DONE VOLUNTARILY; 03/04/2018 – HDFC SAYS 4Q INCOME FROM DIVIDEND TO BE INR3.31B VS 2.23B Y/Y; 18/04/2018 – HDFC STANDARD LIFE 4Q NET INCOME 3.39B RUPEES; 21/04/2018 – INDIA’S HDFC BANK LTD HDBK.NS – MARCH QUARTER GROSS NPA 1.3 PERCENT VERSUS 1.29 PERCENT PREVIOUS QUARTER; 19/03/2018 – HDFC AMC COMMENTS ON SHARE PLACEMENT PLAN VIA DRHP FILED MAR.14

Poplar Forest Capital Llc decreased its stake in Devon Energy Corp New (DVN) by 1.34% based on its latest 2018Q2 regulatory filing with the SEC. Poplar Forest Capital Llc sold 17,335 shares as the company’s stock declined 1.50% while stock markets rallied. The institutional investor held 1.27M shares of the oil & gas production company at the end of 2018Q2, valued at $55.94M, down from 1.29M at the end of the previous reported quarter. Poplar Forest Capital Llc who had been investing in Devon Energy Corp New for a number of months, seems to be less bullish one the $13.41 billion market cap company. The stock increased 3.19% or $0.89 during the last trading session, reaching $28.64. About 864,328 shares traded. Devon Energy Corporation (NYSE:DVN) has risen 30.40% since December 7, 2017 and is uptrending. It has outperformed by 14.78% the S&P500. Some Historical DVN News: 01/05/2018 – Devon Energy: Raising full-Yr 2018 Oil Production Outlook; 16/05/2018 – Moody’s: Devon Improving Capital Efficiency Via STACK and Delaware Basin Focus; 10/04/2018 – Devon Energy plans to lay off 9 percent of staff to boost returns; 21/03/2018 – Devon Energy Announces Early Tender Results, Results of Consent Solicitations and Upsizing of Tender Offers; 07/05/2018 – DEVON ENERGY CORP DVN.N : KLR GROUP RAISES TARGET PRICE BY $4 TO $53; 22/05/2018 – Devon Presenting at UBS Global Oil & Gas Conference Tomorrow; 07/03/2018 – DEVON ENERGY REPORTS $553M SALE OF JOHNSON COUNTY ASSETS; 20/04/2018 – DJ Devon Energy Corporation, Inst Holders, 1Q 2018 (DVN); 10/04/2018 – DEVON ENERGY SAYS STAFF CUTS WILL OCCUR ‘IN THE WEEKS AHEAD’; 26/03/2018 – DEVON: WORKING ON MORE STRATEGIC MOVES FOR ‘VISION 2020’ PLAN

Analysts await Devon Energy Corporation (NYSE:DVN) to report earnings on February, 19. They expect $0.42 EPS, up 10.53% or $0.04 from last year’s $0.38 per share. DVN’s profit will be $196.61 million for 17.05 P/E if the $0.42 EPS becomes a reality. After $0.63 actual EPS reported by Devon Energy Corporation for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

More notable recent Devon Energy Corporation (NYSE:DVN) news were published by: Seekingalpha.com which released: “E&P companies guide to 24% hike in planned capex this year, Cowen says – Seeking Alpha” on November 09, 2018, also Seekingalpha.com with their article: “Marathon Petroleum poised to yield strong cost, marketing advantages – Seeking Alpha” published on November 12, 2018, Fool.com published: “Marathon Oil Corporation’s Drilling Machine Produced High-End Results in Q3 – Motley Fool” on November 08, 2018. More interesting news about Devon Energy Corporation (NYSE:DVN) were released by: 247Wallst.com and their article: “4 Buy-Rated Stocks That Are Cheaper Now Than in March 2009 – 24/7 Wall St.” published on November 16, 2018 as well as 247Wallst.com‘s news article titled: “Altria, General Electric Slip into Monday’s 52-Week Low Club – 24/7 Wall St.” with publication date: November 26, 2018.

Poplar Forest Capital Llc, which manages about $919.26 million and $1.19 billion US Long portfolio, upped its stake in Newell Brands Inc (NYSE:NWL) by 151,987 shares to 1.54 million shares, valued at $39.64 million in 2018Q2, according to the filing. It also increased its holding in Brighthouse Finl Inc by 7,600 shares in the quarter, for a total of 23,010 shares, and has risen its stake in Mylan N V (NASDAQ:MYL).

Among 40 analysts covering Devon Energy Corporation (NYSE:DVN), 26 have Buy rating, 0 Sell and 14 Hold. Therefore 65% are positive. Devon Energy Corporation had 151 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Bernstein given on Thursday, July 6. The stock of Devon Energy Corporation (NYSE:DVN) earned “Buy” rating by Credit Suisse on Tuesday, January 23. The rating was maintained by Barclays Capital on Thursday, November 15 with “Overweight”. The rating was initiated by FBR Capital on Monday, February 5 with “Hold”. Stephens maintained it with “Buy” rating and $4700 target in Tuesday, April 24 report. The firm has “Buy” rating given on Wednesday, December 20 by Jefferies. The stock of Devon Energy Corporation (NYSE:DVN) has “Overweight” rating given on Wednesday, May 4 by JP Morgan. The firm has “Positive” rating by Susquehanna given on Wednesday, August 1. Jefferies reinitiated Devon Energy Corporation (NYSE:DVN) on Tuesday, October 10 with “Buy” rating. The stock of Devon Energy Corporation (NYSE:DVN) has “Overweight” rating given on Thursday, August 3 by Barclays Capital.

Investors sentiment decreased to 0.83 in Q2 2018. Its down 0.11, from 0.94 in 2018Q1. It dived, 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. Assetmark Incorporated reported 0% of its portfolio in Devon Energy Corporation (NYSE:DVN). 414,979 were reported by Scout Investments. Andra Ap holds 0.09% or 74,900 shares. Riverhead Cap Mgmt Llc reported 0.02% in Devon Energy Corporation (NYSE:DVN). Cannell Peter B & stated it has 0.04% in Devon Energy Corporation (NYSE:DVN). Clearbridge Invs Ltd Co holds 0.07% in Devon Energy Corporation (NYSE:DVN) or 2.03M shares. Sumitomo Mitsui Asset Mngmt reported 35,673 shares. California-based Lpl Fincl Limited Liability Co has invested 0.01% in Devon Energy Corporation (NYSE:DVN). Sentinel Tru Lba holds 90,487 shares. 1,422 were accumulated by Sun Life Finance. Fin Counselors invested 0.09% in Devon Energy Corporation (NYSE:DVN). Mufg Americas Corporation invested in 579 shares or 0% of the stock. Markston has invested 0.01% in Devon Energy Corporation (NYSE:DVN). One National Association holds 0.02% or 4,869 shares in its portfolio. Victory Capital Mngmt has 7.07M shares.

More news for HDFC Bank Limited (NYSE:HDB) were recently published by: Seekingalpha.com, which released: “HDFC Bank: A High Quality Indian Bank – Seeking Alpha” on November 26, 2018. Fool.com‘s article titled: “3 Reasons Visa Inc. Is a Buy – The Motley Fool” and published on November 11, 2018 is yet another important article.

Clarivest Asset Management Llc, which manages about $3.41 billion and $5.79 billion US Long portfolio, decreased its stake in Meridian Bancorp Inc Md (NASDAQ:EBSB) by 25,115 shares to 135,134 shares, valued at $2.59M in 2018Q2, according to the filing. It also reduced its holding in Synopsys Inc (NASDAQ:SNPS) by 38,800 shares in the quarter, leaving it with 506,572 shares, and cut its stake in Old Dominion Fght Lines Inc (NASDAQ:ODFL).

Devon Energy Corporation (NYSE:DVN) Institutional Positions Chart

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