Kornitzer Capital Management Lowered Verisk Analytics (VRSK) Stake by $4.61 Million; Market Value Declined; Natixis Stake in Devon Energy New (DVN) Cut as Market Value Declined

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Natixis decreased its stake in Devon Energy Corp New (DVN) by 73.19% based on its latest 2018Q3 regulatory filing with the SEC. Natixis sold 651,325 shares as the company’s stock declined 35.15% with the market. The institutional investor held 238,621 shares of the oil & gas production company at the end of 2018Q3, valued at $9.53M, down from 889,946 at the end of the previous reported quarter. Natixis who had been investing in Devon Energy Corp New for a number of months, seems to be less bullish one the $12.31 billion market cap company. The stock increased 1.78% or $0.46 during the last trading session, reaching $26.29. About 8.85 million shares traded or 6.31% up from the average. Devon Energy Corporation (NYSE:DVN) has declined 29.29% since January 11, 2018 and is downtrending. It has underperformed by 29.29% the S&P500. Some Historical DVN News: 01/05/2018 – Devon Energy 1Q Rev $3.81B; 03/05/2018 – Devon at Citi Global Energy and Utilities Conference May 16; 10/04/2018 – DEVON ENERGY TO LAY OFF 300 EMPLOYEES: THE OKLAHOMAN; 26/03/2018 – DEVON SEES 15% COST SAVINGS BY 2020; 02/05/2018 – DEVON IN DISCUSSIONS ON ‘LARGE’ DIVESTMENT OPPORTUNITIES: CEO; 19/03/2018 – A small oil field in Oklahoma is seeing big bets from producers; 16/05/2018 – Moody’s: Devon Energy Outlook Is Stable; 21/03/2018 – Devon Energy Announces Pricing of Tender Offers; 16/05/2018 – MOODY’S AFFIRMS DEVON ENERGY & ENLINK AT Ba1; 04/05/2018 – Devon at Citi Global Energy & Utilities Conference May 16

Kornitzer Capital Management Inc decreased its stake in Verisk Analytics Inc (VRSK) by 10.35% based on its latest 2018Q3 regulatory filing with the SEC. Kornitzer Capital Management Inc sold 38,438 shares as the company’s stock declined 5.39% with the market. The institutional investor held 332,938 shares of the technology company at the end of 2018Q3, valued at $40.14M, down from 371,376 at the end of the previous reported quarter. Kornitzer Capital Management Inc who had been investing in Verisk Analytics Inc for a number of months, seems to be less bullish one the $18.54B market cap company. The stock increased 1.03% or $1.15 during the last trading session, reaching $112.64. About 724,200 shares traded. Verisk Analytics, Inc. (NASDAQ:VRSK) has risen 19.84% since January 11, 2018 and is uptrending. It has outperformed by 19.84% the S&P500. Some Historical VRSK News: 03/05/2018 – MOODY’S UPGRADES VERISK’S SR UNSECURED RATING TO Baa2; OUTLOOK; 20/03/2018 – ISO Claims Partners Integrates Premonition Data and Analytics to Improve Claim Litigation Outcomes; 07/05/2018 – Verisk London Risk Symposium 2018 to Focus on lnsurTech and Emerging Issues; 04/04/2018 – Egyptian Ministry of Petroleum and Mineral Wealth Unveiled Preparations for Conducting the First Strategy to Develop the Mining Sector in Egypt; 26/04/2018 – VERISK ANALYTICS REPORTS OPERATING SEGMENT CHANGE; 16/04/2018 – Verisk Analytics Group President Nana Banerjee to Resign; 20/04/2018 – DJ Verisk Analytics Inc, Inst Holders, 1Q 2018 (VRSK); 26/04/2018 – REG-Verisk Announces Operating Segment Change Effective for the Quarter Ended March 31, 2018; 19/04/2018 – Verisk Launches API for Mozart Form Composer; 06/03/2018 – Verisk Projects Written Premium for Comml Cyber Liability to Reach $6.2B by 2020

Among 40 analysts covering Devon Energy Corporation (NYSE:DVN), 24 have Buy rating, 0 Sell and 16 Hold. Therefore 60% are positive. Devon Energy Corporation had 153 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Devon Energy Corporation (NYSE:DVN) has “Buy” rating given on Tuesday, October 31 by Cowen & Co. RBC Capital Markets maintained Devon Energy Corporation (NYSE:DVN) on Wednesday, December 20 with “Buy” rating. The stock of Devon Energy Corporation (NYSE:DVN) has “Sector Perform” rating given on Thursday, August 6 by Peters & Co. The company was downgraded on Monday, December 10 by Evercore. The firm earned “Buy” rating on Monday, July 16 by Bank of America. RBC Capital Markets maintained it with “Buy” rating and $5300 target in Tuesday, July 4 report. Piper Jaffray maintained the stock with “Hold” rating in Wednesday, April 18 report. The company was maintained on Thursday, January 18 by Cowen & Co. The company was maintained on Monday, April 3 by Credit Suisse. The stock has “Hold” rating by Bernstein on Thursday, February 22.

Natixis, which manages about $17.29B US Long portfolio, upped its stake in Vanguard Bd Index Fd Inc (BND) by 5,469 shares to 56,288 shares, valued at $4.43 million in 2018Q3, according to the filing. It also increased its holding in Century Alum Co (NASDAQ:CENX) by 227,523 shares in the quarter, for a total of 751,774 shares, and has risen its stake in Red Hat Inc (NYSE:RHT).

Analysts await Devon Energy Corporation (NYSE:DVN) to report earnings on February, 19. They expect $0.35 earnings per share, down 7.89% or $0.03 from last year’s $0.38 per share. DVN’s profit will be $163.87M for 18.78 P/E if the $0.35 EPS becomes a reality. After $0.63 actual earnings per share reported by Devon Energy Corporation for the previous quarter, Wall Street now forecasts -44.44% negative EPS growth.

More notable recent Devon Energy Corporation (NYSE:DVN) news were published by: Seekingalpha.com which released: “Devon Energy – Next Target: $50 – Seeking Alpha” on August 31, 2018, also Seekingalpha.com with their article: “Devon Energy: A Shareholder-Friendly Company – Seeking Alpha” published on April 26, 2018, Seekingalpha.com published: “Devon Energy to lay off 300 workers – Seeking Alpha” on April 10, 2018. More interesting news about Devon Energy Corporation (NYSE:DVN) were released by: Seekingalpha.com and their article: “Why Devon Energy Could Outperform – Seeking Alpha” published on August 20, 2018 as well as Seekingalpha.com‘s news article titled: “Why I Bought Devon Energy – Seeking Alpha” with publication date: December 12, 2017.

Investors sentiment decreased to 0.73 in Q3 2018. Its down 0.10, from 0.83 in 2018Q2. It dropped, as 51 investors sold DVN shares while 256 reduced holdings. 71 funds opened positions while 154 raised stakes. 360.10 million shares or 9.61% less from 398.41 million shares in 2018Q2 were reported. 19,456 are held by Verition Fund Management Ltd Com. 57,191 are owned by Oregon Public Employees Retirement Fund. Moreover, Btr Cap Mngmt Incorporated has 0.39% invested in Devon Energy Corporation (NYSE:DVN). Icm Asset Mngmt Inc Wa holds 12,065 shares or 0.34% of its portfolio. Hudson Bay Capital Mgmt Lp invested 0% of its portfolio in Devon Energy Corporation (NYSE:DVN). Van Den Berg I Inc accumulated 1.41% or 331,547 shares. Fmr Limited Liability Company reported 11.63 million shares. Transamerica Financial Advsrs has 1,444 shares for 0.01% of their portfolio. Thornburg has invested 0.45% in Devon Energy Corporation (NYSE:DVN). Nine Masts invested 0.4% of its portfolio in Devon Energy Corporation (NYSE:DVN). Moreover, Supplemental Annuity Collective Trust Of Nj has 0.49% invested in Devon Energy Corporation (NYSE:DVN) for 30,000 shares. Natixis, a France-based fund reported 238,621 shares. Bnp Paribas Arbitrage holds 0% or 340,799 shares. 81,926 are held by Fjarde Ap. Rafferty Asset Ltd Com holds 12,177 shares or 0.01% of its portfolio.

Analysts await Verisk Analytics, Inc. (NASDAQ:VRSK) to report earnings on February, 19. They expect $1.06 earnings per share, up 30.86% or $0.25 from last year’s $0.81 per share. VRSK’s profit will be $174.50 million for 26.57 P/E if the $1.06 EPS becomes a reality. After $1.08 actual earnings per share reported by Verisk Analytics, Inc. for the previous quarter, Wall Street now forecasts -1.85% negative EPS growth.

Since July 11, 2018, it had 4 insider buys, and 25 sales for $50.37 million activity. Stephenson Scott G had sold 19,023 shares worth $2.14M. Another trade for 53,125 shares valued at $6.12M was made by Anquillare Mark V on Tuesday, December 11. WRIGHT DAVID B had sold 4,200 shares worth $508,326 on Monday, September 10. Another trade for 312 shares valued at $37,384 was bought by Shavel Lee. On Wednesday, September 12 Grover David J. sold $1.15 million worth of Verisk Analytics, Inc. (NASDAQ:VRSK) or 9,500 shares. $365,910 worth of Verisk Analytics, Inc. (NASDAQ:VRSK) shares were sold by MILLS ANDREW G.

Investors sentiment increased to 1.31 in 2018 Q3. Its up 0.14, from 1.17 in 2018Q2. It is positive, as 19 investors sold VRSK shares while 158 reduced holdings. 68 funds opened positions while 164 raised stakes. 147.13 million shares or 0.61% more from 146.24 million shares in 2018Q2 were reported. Parkside Finance Comml Bank And Trust reported 1,153 shares or 0.05% of all its holdings. Stratos Wealth Prns, a Ohio-based fund reported 226 shares. Strs Ohio reported 0.11% in Verisk Analytics, Inc. (NASDAQ:VRSK). Caisse De Depot Et Placement Du Quebec reported 10,903 shares. California-based Ensemble Cap Mngmt Ltd Com has invested 2.99% in Verisk Analytics, Inc. (NASDAQ:VRSK). Fred Alger reported 1,116 shares stake. Plante Moran Ltd Limited Liability Company invested in 0% or 22 shares. 7,077 were accumulated by Cibc World Markets. Stephens Inv Management Grp Incorporated Ltd Liability Co reported 378,428 shares stake. Envestnet Asset Management reported 2,990 shares stake. Gotham Asset Limited Liability reported 43,199 shares. Farmers And Merchants Invs reported 59 shares. Moreover, Assetmark has 0.04% invested in Verisk Analytics, Inc. (NASDAQ:VRSK). Cap Guardian Tru invested 0% of its portfolio in Verisk Analytics, Inc. (NASDAQ:VRSK). Panagora Asset Management has 0.01% invested in Verisk Analytics, Inc. (NASDAQ:VRSK).

Kornitzer Capital Management Inc, which manages about $11.35 billion and $6.29B US Long portfolio, upped its stake in Salesforce Com Inc (NYSE:CRM) by 23,940 shares to 228,809 shares, valued at $36.39M in 2018Q3, according to the filing. It also increased its holding in Penn National Gaming (NASDAQ:PENN) by 156,880 shares in the quarter, for a total of 321,530 shares, and has risen its stake in Kraft Heinz Co.

Devon Energy Corporation (NYSE:DVN) Institutional Positions Chart