Shares of Devon Energy Corporation (DVN) Rally 1.89%

Devon Energy Corporation (DVN) : Traders are bullish on Devon Energy Corporation (DVN) as it has outperformed the S&P 500 by a wide margin of 1.96% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.39%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.89% in the last 1 week, and is up 6.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.26% and the 50-Day Moving Average is 7.61%.

Devon Energy Corporation (NYSE:DVN): The stock opened at $38.59 on Friday but the bulls could not build on the opening and the stock topped out at $39.01 for the day. The stock traded down to $37.92 during the day, due to lack of any buying support eventually closed down at $38.29 with a loss of -0.26% for the day. The stock had closed at $38.39 on the previous day. The total traded volume was 5,250,864 shares.


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 77.85% 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 (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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