Devon Energy is focused on returning value to shareholders via dividends and share buybacks, but it's still an energy producer.Devon Energy (DVN 0.19%) is an acquired taste -- only appropriate for a certain kind of investor. That's true despite a generous 4.6% dividend yield and a shareholder-friendly dividend and stock buyback policy. Here's why this oil and natural gas company could be a buy or hold for some investors, but many more will likely want to avoid it.Buy Devon EnergyDevon Energy is an upstream ...

The latest trading session saw Devon Energy (DVN) ending at $52.10, denoting a -0.89% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.02%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.1%.Shares of the oil and gas exploration company have appreciated by 7.75% over the course of the past month, outperforming the Oils-Energy sector's gain of 4.26% and the S&P 500's loss of 3.01%.Market participants will be closely following the financia ...

Wall Street continues to warm to the stock as the price of oil stays above $80 a barrel.Piper Sandler followed Wells Fargo's lead recently by raising its price target on Devon Energy (DVN 0.84%) from $59 to $60 and maintaining an overweight rating on the stock. The $60 target implies a 14% upside to the stock price over the next 12 months or so.Dividends, buybacks, and improving productivityDevon Energy investors are looking forward to substantive dividends and buybacks from the company this year, in additi ...

In the latest trading session, Devon Energy (DVN) closed at $51.43, marking a -0.46% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.22%. Meanwhile, the Dow gained 0.06%, and the Nasdaq, a tech-heavy index, lost 0.52%.Heading into today, shares of the oil and gas exploration company had gained 6.3% over the past month, outpacing the Oils-Energy sector's gain of 3.38% and the S&P 500's loss of 1.66% in that time.The investment community will be paying close attentio ...

The company's ultimate dividend level will be determined by the price of oil and management's capital allocation policy.Get your money's worth with this article, as it offers not one but three potential answers to Devon Energy's (DVN -0.98%) dividend question. While there's no definitive answer, the prospect of significant returns to shareholders is clear.Devon Energy's capital return to shareholdersFirst, Devon Energy will pay at least $0.88 in dividends this year through its fixed dividend, implying a div ...

U.S. politicians are no strangers to buying situation-appropriate stocks as is well – and darkly – exemplified by their investments in war stocks near the time of the October 7 attacks.Unfortunately, April 2024 has brought an uptick in similar activity as at least one Representative – it is tough to gauge if the trend is more widespread as the laws managing the reporting deadline are both lenient and not strictly followed – has been loading up on defense stocks.On April 12, Kevin Hern disclosed a string of ...

Looking beyond the headline-creating stocks, it’s important to consider companies that fly under the radar. You know, companies with less than stellar coverage or business models largely ignored by the investing public. These three companies represent the sort of overlooked stocks that I think provide excellent value in this otherwise concentrated market. These companies have solid fundamentals and growth possibilities, offering impressive upside potential with minimal risk — ideal for diversified portfolio ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Devon Energy (DVN) , which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry.When looking at the last two reports, this oil and gas exploration company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.60%, on average, in the last two quarters.For the last reported quarter ...

The oil exploration and production company remains a highly attractive stock to buy for dividend investors and oil bulls alike.Devon Energy (DVN 0.30%) continues to find favor among the analyst community. Although analysts at Truist recently lowered their target price on the stock to $66 from $69, the target still implies a near 24% upside potential over the next 12 months or so.A different takeTruist's position is interesting and slightly different from what other analysts have been saying. Citi recently u ...

The energy company fell into favor among the analyst community last month,, and it continues to look like a great value stock option for investors.Shares of Devon Energy (DVN 1.31%) rose by 13.9% in March, according to data from S&P Global Market Intelligence. The move came down to a combination of an increase in the price of oil, from around $77 a barrel at the start to about $83 at the end of the month, and the Wall Street analyst community'a warming to the company's capital allocation policy in 2024.Devo ...