Blume Capital Management Stake In Devon Energy (DVN) Was Has Upped; Fundx Investment Group Has Cut Its Exxon Mobil (XOM) Holding by $300,218 as Stock Declined

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Fundx Investment Group Llc decreased its stake in Exxon Mobil Corp (XOM) by 28.95% based on its latest 2018Q1 regulatory filing with the SEC. Fundx Investment Group Llc sold 4,057 shares as the company’s stock declined 0.16% with the market. The institutional investor held 9,959 shares of the integrated oil company at the end of 2018Q1, valued at $743,000, down from 14,016 at the end of the previous reported quarter. Fundx Investment Group Llc who had been investing in Exxon Mobil Corp for a number of months, seems to be less bullish one the $347.05 billion market cap company. The stock increased 0.32% or $0.26 during the last trading session, reaching $81.97. About 9.39M shares traded. Exxon Mobil Corporation (NYSE:XOM) has declined 3.72% since June 29, 2017 and is downtrending. It has underperformed by 16.29% the S&P500. Some Historical XOM News: 06/03/2018 – EXXONMOBIL – PROGRAM ADVANCES TO OUTDOOR TESTING IN CALIFORNIA OF NATURALLY OCCURRING ALGAE STRAINS; 09/05/2018 – EXXON BATON ROUGE CRUDE UNIT MAY RETURN TO PRODUCTION EARLY NEXT WEEK; 11/04/2018 – EXXON: P’NYANG FIELD HAS INCREASED TO 4.36T CUBIC FEET OF GAS; 24/05/2018 – ♫ Reuters Insider – Trading at Noon: Market survey shows fall in bearishness but subdued bullishness; 13/04/2018 – MA AG: COURT ORDERS EXXON TO TURN OVER DOCUMENTS IN PROBE; 18/04/2018 – Commodities trader Gunvor joins transparency group EITI; 12/04/2018 – Ernie Scheyder: Exclusive: Chevron, Exxon seek ‘small refinery’ waivers from U.S. biofuels law; 23/04/2018 – EXXON BILLINGS MONTANA HYDROCRACKER RESTART PUSHED BACK TILL FIRST WEEK OF MAY; 25/05/2018 – EXXON MOBIL COMMENTS IN EMAILED STATEMENT; 27/04/2018 – Exxon Mobil: Earthquake in Papua New Guinea Cut 1Q Net by $80M

Blume Capital Management Inc increased its stake in Devon Energy (DVN) by 33.29% based on its latest 2018Q1 regulatory filing with the SEC. Blume Capital Management Inc bought 42,857 shares as the company’s stock rose 28.38% while stock markets declined. The institutional investor held 171,612 shares of the oil & gas production company at the end of 2018Q1, valued at $5.46M, up from 128,755 at the end of the previous reported quarter. Blume Capital Management Inc who had been investing in Devon Energy for a number of months, seems to be bullish on the $22.81B market cap company. The stock increased 0.25% or $0.11 during the last trading session, reaching $43.58. About 6.25 million shares traded. Devon Energy Corporation (NYSE:DVN) has risen 13.57% since June 29, 2017 and is uptrending. It has outperformed by 1.00% the S&P500. Some Historical DVN News: 20/03/2018 – RPT-A small oil field in Oklahoma is seeing big bets from producers; 16/05/2018 – MOODY’S AFFIRMS DEVON ENERGY & ENLINK AT Ba1; 16/05/2018 – Moody’s: Devon Has Reduced Debt Through Assets, Credit Profile Likely to Improve; 09/05/2018 – The State: TripAdvisor and Devon Energy jump; Walmart and Disney slide; 01/05/2018 – Devon Energy Sees Per-Unit Lease Operating Expense to Decline 5%-10% by Year-End; 07/05/2018 – DEVON ENERGY CORP DVN.N : KLR GROUP RAISES TARGET PRICE BY $4 TO $53; 01/05/2018 – Devon Energy: Sees 2018 Midpoint Oil Production Growth Rate of 16% Vs. Year Ago; 21/03/2018 – Devon Energy Announces Pricing of Tender Offers; 26/03/2018 – DEVON CEO DAVE HAGER COMMENTS IN INVESTOR PRESENTATION; 07/03/2018 – Devon Energy Sells Southern Portion of Barnett Shale Position for $553M

Blume Capital Management Inc, which manages about $302.15 million and $179.80 million US Long portfolio, decreased its stake in Range Resources (NYSE:RRC) by 157,560 shares to 89,250 shares, valued at $1.30 million in 2018Q1, according to the filing. It also reduced its holding in Microsoft (NASDAQ:MSFT) by 11,518 shares in the quarter, leaving it with 77,803 shares, and cut its stake in Vodafone Group Plc Adr (NASDAQ:VOD).

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. Alliancebernstein L P, New York-based fund reported 3.99 million shares. Jefferies Gp Lc invested in 284,962 shares or 0.05% of the stock. Intrust Savings Bank Na reported 0.08% stake. Grandfield Dodd Limited Liability Corp has 111,661 shares for 0.4% of their portfolio. Fjarde Ap reported 84,026 shares or 0.04% of all its holdings. New Jersey Better Educational Savings Trust has invested 0.28% in Devon Energy Corporation (NYSE:DVN). Cubist Systematic Strategies Ltd Liability Co stated it has 5,168 shares or 0.01% of all its holdings. Utah Retirement Sys reported 97,770 shares stake. Boston Advisors Limited Company accumulated 90,043 shares. Wesbanco Fincl Bank invested in 0.01% or 6,573 shares. Group One Trading Lp accumulated 43,827 shares. Hightower Advsr Ltd Liability Com holds 25,800 shares or 0.01% of its portfolio. Covington Cap holds 64,971 shares. Jabre Prtn holds 0.05% of its portfolio in Devon Energy Corporation (NYSE:DVN) for 7,000 shares. Scout has invested 0.4% in Devon Energy Corporation (NYSE:DVN).

More notable recent Devon Energy Corporation (NYSE:DVN) news were published by: Gurufocus.com which released: “US Stocks Green Wednesday” on June 27, 2018, also Streetinsider.com with their article: “Devon Energy (DVN) call put ratio 13 calls to 1 put with focus on October 42 and January 50 calls” published on June 28, 2018, Fool.com published: “Forget OPEC: This Is an Even Bigger Catalyst for Oil Stocks” on June 26, 2018. More interesting news about Devon Energy Corporation (NYSE:DVN) were released by: Globenewswire.com and their article: “Research Report Identifies Citizens Financial Group, Fifth Third, KKR & Co., Vista Outdoor, Devon Energy, and Lexicon …” published on June 27, 2018 as well as Seekingalpha.com‘s news article titled: “US Shale: NAV Analysis Of Diversified Oil-Weighted E&Ps – 2018 Q1 Update” with publication date: June 22, 2018.

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 has $80 highest and $26 lowest target. $46.94’s average target is 7.71% above currents $43.58 stock price. Devon Energy Corporation had 136 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Wolfe Research on Friday, February 19 to “Peer Perform”. The stock has “Buy” rating by BMO Capital Markets on Tuesday, October 10. Argus Research maintained the shares of DVN in report on Tuesday, August 23 with “Buy” rating. The rating was upgraded by Evercore to “Buy” on Friday, April 15. On Wednesday, April 27 the stock rating was initiated by Wunderlich with “Buy”. On Friday, September 1 the stock rating was maintained by Stifel Nicolaus with “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, September 28 report. Credit Suisse maintained Devon Energy Corporation (NYSE:DVN) on Thursday, February 18 with “Outperform” rating. The firm has “Buy” rating by Jefferies given on Monday, March 19. Stephens upgraded the stock to “Overweight” rating in Thursday, November 2 report.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Fool.com which released: “ExxonMobil Is Spending Billions of Dollars to Solve the Permian Basin’s Biggest Problem” on June 13, 2018, also 247Wallst.com with their article: “Why Top Oil Stocks Could Be the Best Second-Half 2018 Trades” published on June 26, 2018, Seekingalpha.com published: “Eni: Rovuma Project Shows Forward Growth Potential” on June 29, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Seekingalpha.com and their article: “Buying Exxon Mobil In Anticipation Of New All-Time Highs” published on June 25, 2018 as well as Benzinga.com‘s news article titled: “What The Oil Market Can Tell Us About Some Of The Top Energy Stocks” with publication date: June 27, 2018.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on July, 27. They expect $1.19 EPS, up 52.56% or $0.41 from last year’s $0.78 per share. XOM’s profit will be $5.04B for 17.22 P/E if the $1.19 EPS becomes a reality. After $1.09 actual EPS reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 9.17% EPS growth.

Among 27 analysts covering Exxon Mobil (NYSE:XOM), 11 have Buy rating, 5 Sell and 11 Hold. Therefore 41% are positive. Exxon Mobil has $104 highest and $20 lowest target. $81.45’s average target is -0.63% below currents $81.97 stock price. Exxon Mobil had 98 analyst reports since July 22, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Underweight” rating in Wednesday, January 24 report. On Monday, October 9 the stock rating was maintained by RBC Capital Markets with “Hold”. RBC Capital Markets maintained Exxon Mobil Corporation (NYSE:XOM) rating on Tuesday, June 13. RBC Capital Markets has “Buy” rating and $9600 target. The rating was upgraded by Credit Suisse on Thursday, March 2 to “Neutral”. The rating was upgraded by Raymond James on Monday, April 23 to “Hold”. On Thursday, July 6 the stock rating was reinitiated by RBC Capital Markets with “Buy”. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Buy” rating by Scotia Capital on Monday, June 5. The stock has “Buy” rating by Cowen & Co on Friday, July 28. The rating was maintained by HSBC with “Hold” on Wednesday, March 8. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Buy” rating given on Thursday, August 20 by Vetr.

Fundx Investment Group Llc, which manages about $976.12 million and $190.56M US Long portfolio, upped its stake in Apple Inc (NASDAQ:AAPL) by 2,344 shares to 4,963 shares, valued at $833,000 in 2018Q1, according to the filing.

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.03, from 0.84 in 2017Q4. It dropped, as 52 investors sold XOM shares while 836 reduced holdings. 121 funds opened positions while 596 raised stakes. 2.15 billion shares or 0.92% less from 2.17 billion shares in 2017Q4 were reported. Caprock Gp Incorporated has 0.45% invested in Exxon Mobil Corporation (NYSE:XOM) for 28,024 shares. Bragg Fincl Advsr invested in 92,984 shares. Whalerock Point Prtn Limited Liability Com holds 53,359 shares or 1.28% of its portfolio. Crossvault Llc holds 20,897 shares or 0.89% of its portfolio. Banque Pictet And Cie has 142,180 shares for 0.22% of their portfolio. New York-based Nikko Asset Americas has invested 1.11% in Exxon Mobil Corporation (NYSE:XOM). Windsor Capital Mgmt Lc holds 21,936 shares or 0.77% of its portfolio. Hm Payson accumulated 717,374 shares or 2.21% of the stock. Moreover, Dekabank Deutsche Girozentrale has 0.95% invested in Exxon Mobil Corporation (NYSE:XOM) for 1.88M shares. Williams Jones And Associates Lc reported 297,561 shares stake. Svcs Of America reported 3,510 shares or 0.04% of all its holdings. Moreover, Portland Advsrs Ltd Liability Corp has 0.74% invested in Exxon Mobil Corporation (NYSE:XOM) for 25,981 shares. Prudential Public Limited Liability holds 0.62% in Exxon Mobil Corporation (NYSE:XOM) or 2.68M shares. Savant Limited Company holds 0.76% in Exxon Mobil Corporation (NYSE:XOM) or 48,172 shares. Freestone Cap Limited Liability Company invested in 0.04% or 9,116 shares.

Devon Energy Corporation (NYSE:DVN) Institutional Positions Chart