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Core Viewpoint - The S&P 500 index has recently entered correction territory, prompting a focus on dividend stocks as a stable investment option amid economic and geopolitical concerns [1][2]. Group 1: NextEra Energy - NextEra Energy's shares have declined nearly 20% from their 52-week high, yet the company is a leader in the utility and renewable energy sectors, increasing its dividend by double-digit percentages annually [4][6]. - The company has commissioned 8.7 gigawatts (GW) of new renewable storage capacity in 2024 and has a backlog of over 25 GW, targeting 6% to 8% growth in adjusted earnings per share (EPS) through 2027 [8]. - NextEra Energy aims to increase dividends yielding 3.2% by at least 10% through 2026, making it a strong candidate for long-term investment [8]. Group 2: Devon Energy - Devon Energy introduced a variable-dividend policy, allowing for additional dividends based on excess free cash flow (FCF), but has seen a decline in variable dividends recently [9][10]. - The company is focusing on debt reduction, targeting a $2.5 billion decrease in debt over two years, while expanding its share-repurchase program by 67% to $5 billion [10]. - Devon's fixed dividend has increased by 9% and has more than doubled since 2021, with shares down nearly 33% from their 52-week high, presenting a buying opportunity [11]. Group 3: Caterpillar - Caterpillar has reported weak financial numbers for 2024 due to macroeconomic headwinds, yet its free cash flow has doubled in the past five years, providing a solid base for future dividend increases [12][13]. - The company has increased its dividend per share for 31 consecutive years, demonstrating resilience and capital efficiency despite being a cyclical stock [15]. - Caterpillar's shares have fallen almost 13% in six months and 20% from their 52-week high, making it an attractive option for long-term investment [15].

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores a ...

OKLAHOMA CITY, March 26, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced it will report first-quarter 2025 results on Tuesday, May 6, after the close of U.S. financial markets. The earnings release and presentation for the first-quarter 2025 results will be available on the company’s website at www.devonenergy.com. On Wednesday, May 7, the company will hold a conference call at 10 a.m. CDT (11 a.m. EDT), which will consist primarily of answers to questions from analysts and investors ...

Core Viewpoint - Devon Energy (DVN) shares have increased by 1.4% recently, closing at $35.11, with a potential upside of 39% based on Wall Street analysts' mean price target of $48.81 [1] Price Targets - The average of 26 short-term price targets ranges from a low of $42 to a high of $67, with a standard deviation of $5.46, indicating variability among analysts [2] - The lowest estimate suggests a 19.6% increase from the current price, while the highest estimate indicates a potential upside of 90.8% [2] Analyst Sentiment - Analysts show a consensus that DVN will report better earnings than previously estimated, which historically correlates with stock price increases [4][9] - The Zacks Consensus Estimate for the current year has risen by 1% over the past month, with six estimates increasing and three decreasing [10] Zacks Rank - DVN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential upside [11] Caution on Price Targets - While price targets are a common metric, they can mislead investors, as empirical research shows they rarely predict actual stock price movements [5][6] - A low standard deviation among price targets indicates a high degree of agreement among analysts, which can be a starting point for further research [7]

This is one of those unusual situations whereby a Wall Street firm lowers its price target on the stock, but even the lowered price target still implies a 42% upside for the stock. That happened recently when Siebert Williams Shank lowered its price target on Devon Energy (DVN 2.14%) from $58 to $50 while maintaining a buy rating on the stock. The price target cutThe case for lowering the price target is entirely plausible. President Donald Trump has called for lower prices, OPEC+ has agreed to raise produc ...

In the latest trading session, Devon Energy (DVN) closed at $35.11, marking a +1.62% move from the previous day. This move outpaced the S&P 500's daily gain of 0.64%. At the same time, the Dow added 0.85%, and the tech-heavy Nasdaq gained 0.31%.Shares of the oil and gas exploration company have depreciated by 0.26% over the course of the past month, outperforming the Oils-Energy sector's loss of 3.15% and the S&P 500's loss of 7.69%.Investors will be eagerly watching for the performance of Devon Energy in i ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores. What a ...

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 ...

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]