Is There A Value in Itau Unibanco Holding S.A. (ITUB) And Devon Energy Corporation (DVN)?

    The shares of Itau Unibanco Holding S.A. (NYSE:ITUB) has been pegged with a rating of Buy by Citigroup in its latest research note that was published on August 27th, 2019. Citigroup wasn’t the only research firm that published a report of Itau Unibanco Holding S.A., with other equities research analysts also giving their opinion on the stock. Morgan Stanley advised investors in its research note published on August 7th, 2019, to Overweight the ITUB stock. The stock had earned Overweight rating from JP Morgan when it published its report on August 1st, 2019. The stock was given Sell rating by Goldman in its report released on June 10th, 2019. HSBC Securities was of a view that ITUB is Hold in its latest report on May 17th, 2019. BofA/Merrill thinks that ITUB is worth Neutral rating. This was contained in the firm’s report on February 5th, 2019.

    The consensus currently stands at a Hold while its average price target is $10.46. The price of the stock the last time has raised by 28.37% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 37.59.

    The shares of the company added by 1.89% during the trading session on Wednesday, reaching a low of $7.97 while ending the day at $8.07. During the trading session, a total of 15.49 million shares were traded which represents a 13.37% incline from the average session volume which is 17.88M shares. ITUB had ended its last session trading at 7.92. Itau Unibanco Holding S.A. currently has a market cap of $73.14B, while its P/E ratio stands at 12.63, while its P/E earnings growth sits at 2.21, with a beta of 0.92. Itau Unibanco Holding S.A. debt-to-equity ratio currently stands at 4.26, while its quick ratio hovers at . ITUB 52-week low price stands at $6.29 while its 52-week high price is $10.34.

    Investment analysts at SunTrust published a research note on July 30th, 2019 where it informed investors and clients that Devon Energy Corporation (NYSE:DVN) is now rated as Buy. Their price target on the stock stands at $33. Morgan Stanley also rated DVN as Upgrade on August 7th, 2019, with its price target of $225 suggesting that DVN could surge by 35.08% from its current share price. Even though the stock has been trading at $22.09/share, analysts expect it to surge higher by 3.40% to reach $35.18/share. It started the day trading at $23.03 and traded between $22.38 and $22.84 throughout the trading session.

    A look at its technical shows that DVN’s 50-day SMA is 25.26 while its 200-day SMA stands at 27.54. The stock has a high of $43.27 for the year while the low is $20.37. The company’s P/E ratio currently sits at 8.91, while the P/B ratio is 1.34. At the moment, only of Devon Energy Corporation shares were sold short. The company’s average trading volume currently stands at 6.57M shares, which means that the short-interest ratio is just 2.42 days. Over the past seven days, the company moved, with its shift of 7.03%. Looking further, the stock has dropped -10.36% over the past 90 days while it lost -20.47% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more DVN shares, decreasing its portfolio by -2.68% during the last quarter. This move now sees The Vanguard Group Inc selling -1,276,470 shares in the last quarter, thus it now holds 46,360,790 shares of DVN, with a total valuation of $1,251,741,330. Invesco Advisers Inc meanwhile bought more DVN shares in the recently filed quarter, changing its stake to $657,757,179 worth of shares. BlackRock Fund Advisors followed the path by decreasing its DVN portfolio by -2.53% in the quarter. This means that BlackRock Fund Advisors sold -574,079 shares in the last quarter and now controls 22,107,366 shares of the DVN stock, with the valuation hitting $596,898,882.

    Similarly, Elliott Management Corp decreased its Devon Energy Corporation shares by -1.68% during the recently filed quarter. After selling -300,000 shares in the last quarter, the firm now controls 17,525,000 shares of Devon Energy Corporation which are valued at $473,175,000. In the same vein, Fidelity Management Research Co decreased its Devon Energy Corporation shares by during the most recent reported quarter. The firm sold -2,694,724 shares during the quarter which decreased its stakes to 8,515,292 shares and is now valued at $229,912,884. Following these latest developments, around 0.40% of Devon Energy Corporation stocks are owned by institutional investors and hedge funds.