Devon Energy(DVN)

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Devon Outperforms Industry in Three Months: Time to Buy the Stock?
ZACKS· 2025-03-13 17:13
Devon Energy Corporation’s (DVN) shares have gained 6.7% in the past three months, outperforming the Zacks Oil & Gas- Exploration and Production- United States industry’s decline of 21.4% and the broader Zacks Oil and Energy sector’s decline of 2%.While the three-month performance paints a positive picture for investors, looking at the past one-year performance is crucial for a fuller understanding. DVN’s stock has declined 26.7% in the past year, suggesting that it is on a gradual path to recovery. Another ...
3 Magnificent S&P 500 Dividend Stocks Down as Much as 23% to Buy and Hold Forever
The Motley Fool· 2025-03-13 12:30
Market Overview - The S&P 500 index has experienced a decline after peaking on February 19, 2025, despite a 1.2% increase in the first two months of the year [1] Energy Sector Insights - Energy prices have decreased over the past year, with West Texas Intermediate crude oil down 14.3%, presenting an opportunity for investors to consider energy stocks [2] - The current market conditions are favorable for patient investors seeking passive income through energy stocks [2] Company Analysis: Occidental Petroleum - Occidental Petroleum's stock has declined by 22.7%, yet the company achieved a record in U.S. oil production in 2024, bolstered by strong performance in various basins [4][5] - The company has improved its financial position by repaying $4.5 billion in near-term debt ahead of schedule [5] - With a stronger balance sheet and portfolio, Occidental Petroleum is well-positioned to navigate the downturn in energy prices [6] Company Analysis: ConocoPhillips - ConocoPhillips has seen a stock decline of 19.2% but remains an attractive high-yield stock with a price-to-operating cash flow ratio of 5.2, below its five-year average of 6.2 [7] - The company completed a $22.5 billion acquisition of Marathon Oil, adding over 2 billion barrels of low-cost resources and expected synergies exceeding $1 billion in 2025 [8] - ConocoPhillips increased its reserves to 7.8 billion barrels of oil equivalent (BOE) by the end of 2024, up from 6.8 billion BOE in 2023 [9] - The company maintains a conservative approach to shareholder returns, committing to return at least 30% of operating cash flow, with 45% returned in 2024 [10] Company Analysis: Devon Energy - Devon Energy's stock has dropped by 23.2%, but the company reported record oil production of 398,000 barrels per day in Q4 2024, contributing to a total of 737,000 BOE daily [11][12] - The company generated $3 billion in free cash flow in 2024, allowing for $2 billion in shareholder returns and $472 million in debt repayment [13] - Devon Energy has shifted focus towards share buybacks rather than substantial variable dividends, while still planning to return up to 70% of free cash flow to shareholders in the future [14][15] Investment Strategy - The decline in energy prices presents a cyclical opportunity for investors to acquire leading energy stocks at discounted prices [16] - Conservative investors may consider Occidental Petroleum and ConocoPhillips, while those seeking growth potential should look at Devon Energy [17]
Better Energy Stock: Vitesse Energy vs. Devon Energy
The Motley Fool· 2025-03-10 16:05
The two oil companies make for a fascinating comparison. High-yielding Vitesse Energy (VTS 0.55%) and Devon Energy (DVN -1.20%) are connected in that Vitesse has minority interests in Devon-operated wells in the Williston Basin of North Dakota and Montana (Bakken Formation). However, they have different business models, risk profiles, and capital allocation priorities. Here's a look at what each offers and which might be the better stock overall.Vitesse Energy: A high-yield (8.8%) energy stockThe $725 milli ...
John Krenicki Jr. to Retire from Devon Energy Board of Directors
Globenewswire· 2025-03-05 11:55
OKLAHOMA CITY, March 05, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that John Krenicki Jr. is retiring from the company's board of directors at the end of his current term and will not stand for re-election at the company’s annual meeting of stockholders, which is scheduled for June 4, 2025. Mr. Krenicki plans to focus on his full-time responsibilities at CD&R, a private equity firm where he currently serves as Vice Chairman. "John Krenicki has served with distinction on Devon’s ...
3 Top Oil Stocks to Buy With Crude Hovering Around $70 a Barrel
The Motley Fool· 2025-03-04 10:02
Core Viewpoint - Crude oil prices have remained stable around $70, supported by OPEC supply decisions, economic growth, and geopolitical concerns, making it an ideal environment for top oil stocks to generate cash flow [1][11]. Company Summaries ConocoPhillips - ConocoPhillips has transformed into a low-cost oil producer, selling higher-cost assets and acquiring lower-cost resources, culminating in a $22.5 billion acquisition of Marathon Oil, adding over 2 billion barrels of resources with an average supply cost below $30 [3][4]. - The company plans to invest $12.9 billion in capital projects while returning $10 billion to shareholders through dividends and share repurchases, an increase from $9.1 billion returned last year [4][5]. Devon Energy - Devon Energy has adopted a similar strategy to ConocoPhillips, focusing on low-cost operations and recently acquiring Grayson Mill Energy, enhancing its position in the Williston Basin [6]. - The company expects to invest up to $4 billion this year, generating over $3 billion in free cash flow at $70 oil, with plans to return up to 70% of this cash flow to shareholders, prioritizing share repurchases [7][8]. EOG Resources - EOG Resources has built a low-cost production model, controlling over 10 billion barrels of oil equivalent, with an average after-tax return above 55% at $45 oil [9]. - The company estimates generating $4.7 billion in free cash flow at $70 oil after a $6.2 billion capital investment, planning to return over 100% of its free cash flow to investors through dividends and share repurchases [10]. Industry Outlook - ConocoPhillips, Devon Energy, and EOG Resources are positioned to thrive in the current oil price environment, generating substantial cash flow to support capital programs and return excess cash to shareholders, indicating strong potential for above-average total returns [11].
3 Great Value Stocks That Could Crush the S&P 500 This Year
The Motley Fool· 2025-03-02 11:05
Group 1: Kenvue - Kenvue is trading at a discount since its spin-off from Johnson & Johnson in summer 2023, presenting a potential value investment opportunity [3] - The company needs to improve performance in its skin health and beauty segment, while maintaining growth in self-care and essential health segments [4] - Recent marketing investments have led to a 2.6% organic sales growth in the skin health and beauty segment in Q4, indicating potential for further growth in 2025 [5] - Kenvue's current dividend yield is 3.5%, enhancing its attractiveness for value investors [5] Group 2: 3M - 3M has faced disappointing growth but is undergoing a recovery with new management focusing on restructuring and operational improvements [6][7] - The restructuring includes spinning off the healthcare business, cutting unprofitable product lines, and enhancing go-to-market strategies, which have led to margin expansion [7][9] - Planned operational improvements aim to enhance profitability and set the stage for long-term growth, appealing to value investors [9] Group 3: Devon Energy - Devon Energy is positioned well in the oil and natural gas market, with management forecasting at least $3 billion in free cash flow if oil averages $70 per barrel in 2025 [11] - This free cash flow represents approximately 12.7% of Devon's market cap of $23.6 billion, indicating strong potential for dividend payments [11] - The company plans to allocate 30% of its free cash flow to reduce long-term debt and invest in share buybacks, while maintaining a fixed dividend of $0.96 per year [12] - Devon's operational improvements and a 15% increase in feet drilled position it well for 2025, making it an attractive value stock if oil prices remain stable [13]
Better Oil Stock: Devon Energy vs. ExxonMobil
The Motley Fool· 2025-02-27 12:00
Over the past three months, West Texas Intermediate crude prices have spiked around 15% only to turn around and come back down to a roughly 4% gain. There are supply-and-demand and geopolitical reasons for the price move, but the truth is that this type of volatility isn't uncommon in the energy sector.Here's why that could make ExxonMobil (XOM -0.25%) the better oil stock for you, or it could make Devon Energy (DVN -1.17%) the oil stock you might want to pick. Here's why.The basics: Exxon vs. DevonDevon En ...
Devon Energy: Stop, In The Name Of Love (Maintaining The Rating)
Seeking Alpha· 2025-02-26 12:30
Good. I caught you. Looking for value, that is. If that describes you, I urge you to give this article a read, or Stop, In The Name of Love. We think after you read thisHe is the leader of the investing group The Daily Drilling Report where he provides investment analysis for the oil and gas industry. Features of the group include: a model portfolio that covers all segments of upstream oilfield activity with weekly updates, ideas for both U.S and international energy companies, coverage from shale to deepwa ...
Devon Energy Is One Of The Few Growing Oil Companies
Seeking Alpha· 2025-02-26 12:06
Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Devon Energy (NYSE: DVN ) is a mid-cap oil company worth just under $25 billion. The company has gone up almost 10% since we last recommended buying the d ...
DVN vs. EOG: Which Stock Is the Better Value Option?
ZACKS· 2025-02-25 17:45
Investors interested in Oil and Gas - Exploration and Production - United States stocks are likely familiar with Devon Energy (DVN) and EOG Resources (EOG) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimat ...