Shares of Devon Energy Corporation (NYSE:DVN) Sees Large Inflow of Net Money Flow

Devon Energy Corporation (NYSE:DVN) dropped slightly amid mild profit booking and the last known price was $34.99 per share. The price decreased by -0.07 points or -0.2% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $2.21 million. The total upticks were valued at $3.46 million and the total downticks aggregated to $1.25 million, thereby putting the up/down ratio at 2.76,. The shares have seen a change in the share price of -2.59% on a weekly basis.In a big block trade which occurred today, the total uptick value was $2.39 million and the total downtick value was $0, resulting in an up/down ratio of 0. The net money flow for the block trade was calculated to be $2.39 million.


Currently the company Insiders own 1.4% of Devon Energy Corporation shares according to the proxy statements. Institutional Investors own 77.93% of Devon Energy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 62.5%. On the companys insider trading activities, Baumann Barbara M, director of Devon Energy Corp/De, had purchased 8,200 shares on January 6, 2016. The total value of the transaction was $249,608. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Devon Energy Corporation (NYSE:DVN) : On Monday heightened volatility was witnessed in Devon Energy Corporation (NYSE:DVN) which led to swings in the share price. The stock opened for trading at $34.84 and hit $36.53 on the upside , eventually ending the session at $35.78, with a gain of 2.05% or 0.72 points. The heightened volatility saw the trading volume jump to 8,008,937 shares. The 52-week high of the share price is $63.41 and the company has a market cap of $18,749 million. The 52-week low of the share price is at $18.07 .

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Barclays maintains its rating on Devon Energy Corporation (NYSE:DVN). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays raises the price target from $34 per share to $38 per share. The rating by the firm was issued on May 24, 2016.

Devon Energy Corporation (Devon) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids (NGLs). The Companys operations are concentrated in various North American onshore areas in the United States and Canada. Devon has approximately 689 Million Barrels of Oil Equivalent (MMBoe) of proved undeveloped reserves. The Company operates through three segments: U.S., Canada and EnLink. The Companys projects in North America include Anadarko Basin, Barnett Shale, Mississippian-Woodford Trend, Permian Basin, Rockies and Canadian Heavy Oil. EnLinks operations consist of midstream assets and operations located across the United States. In Canada, the company has two main projects, Jackfish and Pike, located in Alberta, Canada. In addition, its Lloydminster properties are located to the south and east of Jackfish in eastern Alberta.

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