$1.16 EPS Expected for Crane Co. (CR); L & S Advisors Lifted Its Devon Energy (DVN) Stake

July 3, 2017 - By Richard Conner

L & S Advisors Inc increased Devon Energy Corporation (DVN) stake by 470.27% reported in 2016Q4 SEC filing. L & S Advisors Inc acquired 66,472 shares as Devon Energy Corporation (DVN)’s stock declined 13.09%. The L & S Advisors Inc holds 80,607 shares with $3.68 million value, up from 14,135 last quarter. Devon Energy Corporation now has $16.89B valuation. The stock increased 0.50% or $0.16 on June 30, reaching $31.97. About shares traded. Devon Energy Corp (NYSE:DVN) has risen 13.24% since July 3, 2016 and is uptrending. It has underperformed by 3.46% the S&P500.

Analysts expect Crane Co. (NYSE:CR) to report $1.16 EPS on July, 24.They anticipate $0.05 EPS change or 4.13% from last quarter’s $1.21 EPS. CR’s profit would be $69.71 million giving it 17.11 P/E if the $1.16 EPS is correct. After having $1.05 EPS previously, Crane Co.’s analysts see 10.48% EPS growth. The stock increased 0.97% or $0.76 on June 30, reaching $79.38. About shares traded. Crane Co. (NYSE:CR) has risen 42.66% since July 3, 2016 and is uptrending. It has outperformed by 25.96% the S&P500.

Among 29 analysts covering Devon Energy Corporation (NYSE:DVN), 20 have Buy rating, 0 Sell and 9 Hold. Therefore 69% are positive. Devon Energy Corporation had 68 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Overweight” on Thursday, September 1. The firm has “Buy” rating given on Tuesday, August 23 by Argus Research. JP Morgan maintained the stock with “Overweight” rating in Wednesday, May 4 report. Howard Weil downgraded it to “Sector Outperform” rating and $80 target in Friday, August 14 report. The firm has “Mkt Perform” rating given on Tuesday, September 6 by Raymond James. The company was upgraded on Thursday, October 1 by Bernstein. The stock of Devon Energy Corp (NYSE:DVN) has “Market Perform” rating given on Wednesday, January 11 by Wells Fargo. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, December 9. On Tuesday, January 26 the stock rating was maintained by Susquehanna with “Positive”. RBC Capital Markets maintained it with “Buy” rating and $5300 target in Monday, May 29 report.

Investors sentiment increased to 0.92 in 2016 Q4. Its up 0.03, from 0.89 in 2016Q3. It improved, as 48 investors sold DVN shares while 271 reduced holdings. 72 funds opened positions while 223 raised stakes. 403.62 million shares or 2.20% more from 394.94 million shares in 2016Q3 were reported. Cornerstone Advsrs reported 0.02% of its portfolio in Devon Energy Corp (NYSE:DVN). Tarbox Gp stated it has 0% of its portfolio in Devon Energy Corp (NYSE:DVN). Third Avenue Mngmt has 764,345 shares for 1.58% of their portfolio. The Pennsylvania-based Sei Investments Communications has invested 0.02% in Devon Energy Corp (NYSE:DVN). 12,550 are held by Cubic Asset Management Ltd Liability Corp. Ameritas Invest Partners, Nebraska-based fund reported 77,818 shares. Credit Agricole S A stated it has 0.08% in Devon Energy Corp (NYSE:DVN). Schwab Charles Invest Mgmt accumulated 1.76M shares. Associated Banc owns 9,824 shares for 0.03% of their portfolio. Sandy Spring National Bank & Trust invested 0.04% of its portfolio in Devon Energy Corp (NYSE:DVN). 24,900 are owned by Grace And White Ny. Winslow Evans Crocker Inc invested 0% in Devon Energy Corp (NYSE:DVN). Allianz Asset Mngmt Ag owns 619,646 shares. Fjarde Ap has 0.09% invested in Devon Energy Corp (NYSE:DVN) for 81,729 shares. Moreover, Mitsubishi Ufj Trust Corporation has 0.1% invested in Devon Energy Corp (NYSE:DVN).

L & S Advisors Inc decreased Schlumberger Limited (NYSE:SLB) stake by 44,054 shares to 41,024 valued at $3.44M in 2016Q4. It also reduced Amgen Inc (NASDAQ:AMGN) stake by 42,415 shares and now owns 1,427 shares. The Kraft Heinz Company was reduced too.

Investors sentiment decreased to 1.21 in Q4 2016. Its down 0.18, from 1.39 in 2016Q3. It dropped, as 25 investors sold Crane Co. shares while 101 reduced holdings. 60 funds opened positions while 92 raised stakes. 35.19 million shares or 3.21% more from 34.09 million shares in 2016Q3 were reported. First Quadrant Limited Partnership Ca stated it has 25,599 shares. Moreover, Gamco Invsts Incorporated Et Al has 1.25% invested in Crane Co. (NYSE:CR) for 2.74M shares. Alliancebernstein L P holds 0% or 31,284 shares. Trexquant Invest L P stated it has 0.09% of its portfolio in Crane Co. (NYSE:CR). 3,556 were reported by Da Davidson &. First Trust Advsrs Limited Partnership invested in 359,916 shares or 0.08% of the stock. Catalyst Advisors Ltd Liability Com stated it has 8,350 shares or 0.04% of all its holdings. Coldstream Mgmt Incorporated owns 6,705 shares. Silvercrest Asset Management Group Inc Limited Liability Co invested in 0% or 3,000 shares. Bailard Incorporated holds 44,930 shares. Gardner Russo And Gardner Lc reported 0.08% stake. Morgan Stanley stated it has 505,255 shares or 0.01% of all its holdings. Northern Trust stated it has 404,744 shares or 0.01% of all its holdings. Amalgamated Bankshares reported 0.02% stake. Moreover, Princeton Alpha Mgmt Limited Partnership has 0.18% invested in Crane Co. (NYSE:CR) for 12,268 shares.

Since February 2, 2017, it had 0 buys, and 7 selling transactions for $6.40 million activity. 11,442 Crane Co. (NYSE:CR) shares with value of $831,994 were sold by Lavish James A.. SALOVAARA KRISTIAN ROBERT also sold $1.16 million worth of Crane Co. (NYSE:CR) shares. 5,364 shares valued at $426,949 were sold by Baron Curtis A JR on Tuesday, May 16. The insider Pinkham Louis V. sold $2.62M. Another trade for 4,176 shares valued at $309,764 was sold by Craney Thomas J. $899,568 worth of Crane Co. (NYSE:CR) was sold by Curran Brendan. On Thursday, February 2 the insider TULLIS JAMES L L sold $148,745.

Crane Co. is a manufacturer of engineered industrial products. The company has market cap of $4.77 billion. The Firm operates through four divisions, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. It has a 36.34 P/E ratio. The Fluid Handling segment is a well-known provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.