Norfolk Southern (NSC) Holder American Money Management Has Lowered Its Stake by $492,840 as Market Value Declined; As Devon Energy Corp. New (DVN) Market Value Declined, Shareholder Price Michael F Has Cut Holding by $390,000

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American Money Management Llc decreased its stake in Norfolk Southern Corp (NSC) by 13.11% based on its latest 2018Q3 regulatory filing with the SEC. American Money Management Llc sold 2,738 shares as the company’s stock declined 13.46% with the market. The institutional investor held 18,147 shares of the railroads company at the end of 2018Q3, valued at $3.28 million, down from 20,885 at the end of the previous reported quarter. American Money Management Llc who had been investing in Norfolk Southern Corp for a number of months, seems to be less bullish one the $47.69B market cap company. The stock increased 3.99% or $6.84 during the last trading session, reaching $178.3. About 2.73M shares traded or 24.20% up from the average. Norfolk Southern Corporation (NYSE:NSC) has risen 10.53% since February 11, 2018 and is uptrending. It has outperformed by 10.53% the S&P500. Some Historical NSC News: 21/03/2018 – Norfolk Southern Above Peer Average; 25/04/2018 – Norfolk Southern Tops Views, Increases Buyback Program — Earnings Review; 25/04/2018 – Norfolk Southern 1Q Net $552M; 06/04/2018 – DOT STB: Case Title: NORFOLK SOUTHERN RAILWAY COMPANY – ABANDONMENT EXEMPTION – IN DAYTON, MONTGOMERY COUNTY, OHIO; 09/05/2018 – NORFOLK SOUTHERN SAYS PARTNERS WITH PLUG AND PLAY TO DRIVE INNOVATION IN SUPPLY CHAIN LOGISTICS; 01/05/2018 – CFO Earhart Gifts 175 Of Norfolk Southern Corp; 24/05/2018 – Norfolk Southern Announces Blockchain in Transport Alliance Membership; 03/04/2018 – Norfolk Southern multi-state safety train tour underway; 18/04/2018 – Norfolk Southern Closes Above 50-Day Moving Average: Technicals; 16/03/2018 – Norfolk Southern response to TRC Capital’s ‘mini-tender’ offer

Price Michael F decreased its stake in Devon Energy Corp. New (DVN) by 22.73% based on its latest 2018Q3 regulatory filing with the SEC. Price Michael F sold 10,000 shares as the company’s stock declined 35.15% with the market. The hedge fund held 34,000 shares of the oil & gas production company at the end of 2018Q3, valued at $1.36 million, down from 44,000 at the end of the previous reported quarter. Price Michael F who had been investing in Devon Energy Corp. New for a number of months, seems to be less bullish one the $11.75B market cap company. The stock increased 0.70% or $0.17 during the last trading session, reaching $25.09. About 2.17 million shares traded. Devon Energy Corporation (NYSE:DVN) has declined 29.29% since February 11, 2018 and is downtrending. It has underperformed by 29.29% the S&P500. Some Historical DVN News: 14/03/2018 – Oil majors give in to investors with share buyback spree; 07/03/2018 – Devon Energy Sells Southern Portion of Barnett Shale Position for $553M; 21/03/2018 – DEVON ENERGY BOOSTS NOTES TENDER OFFERS FROM $1B; 07/03/2018 – Devon Energy Announces Tender Offers for up to $1.0 Billion Aggregate Purchase Price for Certain Outstanding Debt Securities and Related Consent Solicitations; 15/05/2018 – Devon at Citi Global Energy & Utilities Conference Tomorrow; 16/05/2018 – Moody’s: Devon Energy Outlook Is Stable; 22/05/2018 – Devon Presenting at UBS Global Oil & Gas Conference Tomorrow; 21/03/2018 – DEVON ENERGY- RECEIVED REQUISITE CONSENTS RELATED TO CONSENT SOLICITATIONS TO ADOPT SOME PROPOSED AMENDMENTS TO INDENTURE GOVERNING 7.950% DEBENTURES DUE 2032; 16/05/2018 – DEVON ENERGY & ENLINK OUTLOOK STABLE BY MOODY’S; 07/03/2018 – Devon Energy Announces Tender Offers for up to $1.0 Billion Aggregate Purchase Price for Certain Outstanding Debt Securities an

More notable recent Norfolk Southern Corporation (NYSE:NSC) news were published by: Benzinga.com which released: “CSX Corporation (NYSE:CSX), Norfolk Souther Corporation (NYSE:NSC) – Port Report: Busiest US East Coast Port Improves Rail Service As Way To Reach US Midwest – Benzinga” on January 14, 2019, also Seekingalpha.com with their article: “Norfolk Southern Q4 2018 Earnings Preview – Seeking Alpha” published on January 23, 2019, Benzinga.com published: “Norfolk Souther Corporation (NYSE:NSC) – Norfolk Southern Says “Loosening” Truck Markets Will Not Stop Its Intermodal Growth – Benzinga” on January 25, 2019. More interesting news about Norfolk Southern Corporation (NYSE:NSC) were released by: Benzinga.com and their article: “J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT), Norfolk Souther Corporation (NYSE:NSC) – Hunt, NSC Intermodal Honchos Dish ELDs, Drivers, Equipment At SMC3 Event – Benzinga” published on January 29, 2019 as well as Seekingalpha.com‘s news article titled: “Still Cautious About Norfolk Southern – Seeking Alpha” with publication date: September 18, 2018.

Among 31 analysts covering Norfolk Southern Corp. (NYSE:NSC), 12 have Buy rating, 4 Sell and 15 Hold. Therefore 39% are positive. Norfolk Southern Corp. had 127 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, March 15 by Credit Suisse. The rating was maintained by RBC Capital Markets on Wednesday, October 25 with “Sell”. The rating was maintained by RBC Capital Markets on Wednesday, April 25 with “Hold”. As per Wednesday, July 26, the company rating was maintained by Oppenheimer. The firm earned “Neutral” rating on Wednesday, April 6 by Citigroup. The rating was upgraded by Scotia Capital on Friday, January 12 to “Sector Outperform”. Robert W. Baird maintained Norfolk Southern Corporation (NYSE:NSC) on Thursday, January 25 with “Hold” rating. The rating was maintained by UBS on Thursday, July 26 with “Buy”. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Buy” rating by Cowen & Co on Friday, September 29. The firm has “Buy” rating given on Wednesday, April 25 by Cowen & Co.

Investors sentiment increased to 0.92 in Q3 2018. Its up 0.12, from 0.8 in 2018Q2. It is positive, as 32 investors sold NSC shares while 354 reduced holdings. 111 funds opened positions while 245 raised stakes. 187.99 million shares or 3.43% less from 194.66 million shares in 2018Q2 were reported. Raab And Moskowitz Asset Mgmt Limited Liability accumulated 0.14% or 1,837 shares. Investec Asset Limited has invested 0.85% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Moreover, Robeco Institutional Asset Mgmt Bv has 0.15% invested in Norfolk Southern Corporation (NYSE:NSC) for 193,011 shares. Bluecrest Capital Mgmt Limited holds 1,859 shares. Los Angeles Cap & Equity Rech Inc holds 0.01% or 7,299 shares. Chevy Chase Trust Incorporated accumulated 251,975 shares or 0.19% of the stock. Prentiss Smith & stated it has 0.06% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). South Dakota Inv Council accumulated 0.31% or 79,952 shares. Mark Sheptoff Planning Ltd, a Connecticut-based fund reported 900 shares. Invsts reported 0.58% in Norfolk Southern Corporation (NYSE:NSC). Bluefin Trading Lc invested in 1.86% or 111,081 shares. Burke Herbert Retail Bank Tru invested 1.94% of its portfolio in Norfolk Southern Corporation (NYSE:NSC). Moreover, Shelton Capital Mgmt has 0.03% invested in Norfolk Southern Corporation (NYSE:NSC) for 2,998 shares. Huntington Comml Bank holds 0.16% or 54,935 shares. Liberty Mutual Group Asset Mngmt Inc owns 0.04% invested in Norfolk Southern Corporation (NYSE:NSC) for 11,294 shares.

Since August 13, 2018, it had 0 insider buys, and 2 insider sales for $553,170 activity. $414,954 worth of Norfolk Southern Corporation (NYSE:NSC) was sold by Earhart Cynthia C on Wednesday, August 29. $138,216 worth of Norfolk Southern Corporation (NYSE:NSC) was sold by Wheeler Michael Joseph.

Price Michael F, which manages about $801.69 million US Long portfolio, upped its stake in Crimson Wine Group Ltd. (CWGL) by 56,650 shares to 1.03 million shares, valued at $9.18 million in 2018Q3, according to the filing. It also increased its holding in Si Financial Group (NASDAQ:SIFI) by 28,259 shares in the quarter, for a total of 137,500 shares, and has risen its stake in Investors Bancorp Inc. (NASDAQ:ISBC).

Analysts await Devon Energy Corporation (NYSE:DVN) to report earnings on February, 19. They expect $0.35 EPS, down 7.89% or $0.03 from last year’s $0.38 per share. DVN’s profit will be $163.90M for 17.92 P/E if the $0.35 EPS becomes a reality. After $0.63 actual EPS reported by Devon Energy Corporation for the previous quarter, Wall Street now forecasts -44.44% negative EPS growth.

Among 40 analysts covering Devon Energy Corporation (NYSE:DVN), 23 have Buy rating, 0 Sell and 17 Hold. Therefore 58% are positive. Devon Energy Corporation had 154 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, January 24, the company rating was maintained by Morgan Stanley. The firm has “Buy” rating by Cowen & Co given on Wednesday, September 27. Cowen & Co maintained Devon Energy Corporation (NYSE:DVN) rating on Sunday, August 20. Cowen & Co has “Buy” rating and $37.0 target. Bank of America maintained the shares of DVN in report on Monday, July 16 with “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $66.0 target in Thursday, October 5 report. Stifel Nicolaus maintained Devon Energy Corporation (NYSE:DVN) rating on Thursday, July 13. Stifel Nicolaus has “Buy” rating and $6100 target. RBC Capital Markets maintained it with “Buy” rating and $43.0 target in Friday, February 23 report. The firm has “Buy” rating given on Wednesday, February 21 by Susquehanna. UBS maintained the stock with “Sell” rating in Thursday, June 16 report. The stock of Devon Energy Corporation (NYSE:DVN) has “Buy” rating given on Tuesday, January 30 by Jefferies.

Norfolk Southern Corporation (NYSE:NSC) Institutional Positions Chart

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