Systematic Financial Management LP reduced its position in shares of Devon Energy Corp (NYSE:DVN) by 38.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 260,706 shares of the energy company’s stock after selling 160,379 shares during the period. Systematic Financial Management LP’s holdings in Devon Energy were worth $11,461,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DVN. Bristol John W & Co. Inc. NY purchased a new position in Devon Energy in the first quarter valued at $103,000. Jackson Grant Investment Advisers Inc. purchased a new position in Devon Energy in the second quarter valued at $112,000. Financial Architects Inc boosted its holdings in Devon Energy by 168.5% in the second quarter. Financial Architects Inc now owns 2,709 shares of the energy company’s stock valued at $119,000 after purchasing an additional 1,700 shares during the period. Penserra Capital Management LLC purchased a new position in Devon Energy in the first quarter valued at $125,000. Finally, Gables Capital Management Inc. purchased a new position in Devon Energy in the first quarter valued at $146,000. Institutional investors and hedge funds own 84.84% of the company’s stock.
Best Energy Stocks To Invest In 2019: Northgate Minerals Corporation(NXG)
Advisors' Opinion:- [By Shane Hupp]
Shares of NEX Group PLC (LON:NXG) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 696 ($9.21).
Best Energy Stocks To Invest In 2019: Suncor Energy Inc.(SU)
Advisors' Opinion:- [By Tyler Crowe]
Even though Canadian oil giant Suncor Energy (NYSE:SU) has been a cash-generating machine for its investors in recent quarters, the company continues to struggle with one of its premier assets: Syncrude. The oil-sands mining and upgrading facilities for this massive project in Alberta have been shut down or not running at full capacity several times over the past few years, and it is keeping Suncor from realizing its full potential.
- [By Jason Hall]
Canadian integrated oil giant Suncor Energy (NYSE:SU) was one of the hardest-hit, with its stock price falling almost 35% over that period even as it continued to generate significant cash flows.
- [By Tyler Crowe]
It seems every quarter lately, Suncor Energy (NYSE:SU) has had to deal with some grueling challenge affecting its bottom line -- whether it's the wildfires in Fort McMurray, Alberta, the technical failures at its Syncrude oil sands upgrading facility, or the inability for other companies to build crude oil pipelines out of Alberta. This past quarter, the lack of pipelines really reared its head, and the price of Canadian crude oil slipped below $10 per barrel in the fourth quarter. But despite this problem and the ones that have preceded it, Suncor has somehow found a way to produce respectable results.
Best Energy Stocks To Invest In 2019: WPX Energy, Inc.(WPX)
Advisors' Opinion:- [By Logan Wallace]
Get a free copy of the Zacks research report on WPX Energy (WPX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Southwestern Energy (NYSE: SWN) and WPX Energy (NYSE:WPX) are both mid-cap oils/energy companies, but which is the superior investment? We will contrast the two companies based on the strength of their valuation, earnings, analyst recommendations, dividends, risk, profitability and institutional ownership.
- [By Ethan Ryder]
Shares of WPX Energy Inc (NYSE:WPX) have earned a consensus rating of “Buy” from the twenty-seven brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, twenty-two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $22.09.
- [By Matthew DiLallo]
While many large oil companies have recently reaffirmed their 2019 capital budgets, some smaller ones have started hitting the brakes. WPX Energy (NYSE:WPX), for example, slashed its 2019 spending plan amid the slump in oil prices. WPX Energy had expected to spend between $1.45 billion and $1.65 billion this year and had identified another $250 million to $350 million of additional opportunities it was pursuing. However, with oil prices crashing in recent months, WPX Energy reduced its budget 23% to a range of $1.1 billion to $1.275 billion. It's likely that more drillers will join WPX Energy and tap the brakes to better align spending with anticipated cash flows at lower oil prices, which could impact the oilfield service industry in the first half of 2019.
- [By Shane Hupp]
Get a free copy of the Zacks research report on WPX Energy (WPX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Best Energy Stocks To Invest In 2019: ENSERVCO Corporation(ENSV)
Advisors' Opinion:- [By Logan Wallace]
Enservco (NYSEAMERICAN:ENSV) will be issuing its quarterly earnings data before the market opens on Wednesday, May 9th.
Enservco (NYSEAMERICAN:ENSV) last issued its earnings results on Thursday, March 22nd. The oil and gas producer reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). Enservco had a negative return on equity of 89.94% and a negative net margin of 43.71%. The business had revenue of $14.13 million during the quarter.
Best Energy Stocks To Invest In 2019: MV Oil Trust(MVO)
Advisors' Opinion:- [By Stephan Byrd]
Jones Energy (NYSE: MVO) and MV Oil Trust (NYSE:MVO) are both small-cap oils/energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their earnings, dividends, profitability, analyst recommendations, institutional ownership, risk and valuation.
- [By Max Byerly]
MV Oil Trust (NYSE: MVO) and Petroleo Brasileiro SA Petrobras (NYSE:PBR.A) are both oils/energy companies, but which is the superior investment? We will contrast the two companies based on the strength of their valuation, earnings, analyst recommendations, institutional ownership, risk, profitability and dividends.
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