Large Outflow of Money Witnessed in Devon Energy Corporation

Devon Energy Corporation (DVN) : The total money flow in Devon Energy Corporation (DVN) was negative ($2.73 million), which signals selling by the traders on Fridays session. They trimmed their holdings by selling the stock on downticks to the tune of $19.89 million. In comparison, the inflow of money into the stock on upticks was $17.16 million. The uptick to downtick ratio was 0.86. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $3.33 million. The value of transactions on uptick was $2.23 million. The negative money flow of ($1.11 million) confirms the selling in Devon Energy Corporation (DVN) on strength. The uptick to downtick ratio of block trades was 0.67. Devon Energy Corporation (DVN) gained $1.24 at $44.94, a gain of 2.84% over the previous days close. However, the stock registered 1.15% in the week.


The company Insiders own 0.98% of Devon Energy Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -42.14% . Institutional Investors own 76.02% of Devon Energy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -42.14%.

In a related news,The director of Devon Energy Corp/De, Henry Robert H. sold 7,100 shares at $37.43 on June 20, 2016. The Insider selling transaction had a total value worth of $265,753. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Devon Energy Corporation (NYSE:DVN): The stock opened at $44.18 and touched an intraday high of $45.07 on Friday. During the day, the stock corrected to an intraday low of $44.04, however, the bulls stepped in and pushed the price higher to close in the green at $44.27 with a gain of 1.30% for the day. The total traded volume for the day was 5,105,870. The stock had closed at $43.7 in the previous trading session.

Devon Energy Corporation (DVN) has risen sharply, recording gains of 12.05% in the past 4 weeks. However, the stock has corrected -0.36% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 12.2% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

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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