Shares of Devon Energy Corporation (NYSE:DVN) Sees Large Outflow of Money

Devon Energy Corporation (NYSE:DVN) jumped 1.03 points or 2.76% on strong buying and was last priced at $38.35 per share. The shares saw huge fund flow intraday; a massive $29.06 million made their way in through the upticks but an even bigger $31.4 million made their way out through downticks. As per the last observation, the net money flow stood at $(-2.34) million and the up/down ratio was found to be 0.93. The shares have seen a weekly value change of 6.59% .A block trade was recorded in the company shares with a net money flow of $(-1.97) million. The composite value of the funds in upticks was $0.57 million and the total value of funds in downticks was $2.53. As can be seen from the data, the block transaction had the up/down ratio of 0.22.


The stock has recorded a 20-day Moving Average of 5.74% and the 50-Day Moving Average is 11.57%. The company shares have dropped 39.25% in the past 52 Weeks. On June 24, 2015 The shares registered one year high of $61.79 and one year low was seen on February 19, 2016 at $18.07. The 50-day moving average is $34.7 and the 200 day moving average is recorded at $29.27. S&P 500 has rallied 1.93% during the last 52-weeks.

Devon Energy Corporation (NYSE:DVN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.17 and $36.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.19, notching a gain of 2.33% for the day. The total traded volume was 7,597,405 . The stock had closed at $37.32 on the previous day.

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, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Devon Energy Corp/De, Baumann Barbara M, had purchased 8,200 shares in a transaction dated on January 6, 2016. The transaction was executed at $30.44 per share with total amount equaling $249,608.

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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