Latest news with #DevonEnergyCorporation
Yahoo
06-05-2025
- Business
- Yahoo
Devon Energy Reports First-Quarter 2025 Results and Declares Quarterly Dividend
Devon Energy Corporation OKLAHOMA CITY, May 06, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the first-quarter 2025. The company also declared its quarterly dividend and provided an updated 2025 outlook. Devon's earnings release, supplemental financial tables, guidance and related earnings presentation can be accessed via the Investor Relations section of Devon's website, The company's first-quarter conference call will be held at 10:00 a.m. Central time (11:00 a.m. Eastern time) on Wednesday, May 7, 2025, and will serve primarily as a forum for analyst and investor questions and answers. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon's disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit Investor Contact Media Contact Michelle Hindmarch, 405-552-7460 405-228-4450
Yahoo
05-05-2025
- Business
- Yahoo
Devon Energy Corporation (DVN): Among the Most Undervalued Energy Stocks to Buy According to Hedge Funds
We recently published a list of the 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Devon Energy Corporation (NYSE:DVN) stands against other undervalued energy stocks. As of the close of May 2, 2025, the overall energy sector is undervalued by 13.1%, as compared to the general market's undervaluation of 5.3%. The current downturn in the energy sector is primarily attributed to the current trade war sparked by President Trump's tariffs and its resultant forecasted global economic slowdown. Moreover, global crude oil prices have plunged heavily since last month, with the West Texas Intermediate (WTI) crude price currently hovering around the $56 mark – a level it last hit during the Covid-19 pandemic in 2021. READ ALSO: Top 15 Energy Companies With the Highest Upside Potential Crude oil took a fresh hit this weekend after OPEC+ stunned the market by announcing a larger-than-expected output increase for June. This follows a similar surge announced for May and signals a sharp reversal from the group's efforts to defend crude prices. It seems like Saudi Arabia has adopted a low-price strategy, aiming to discipline overproducing members like Kazakhstan and Iraq. This could also be a part of Riyadh's efforts to build good relations with Donald Trump, who has recently been calling on the Kingdom to increase production in order to bring prices down. Given the high volatility in the market, it comes as no surprise that short-sellers marginally increased their bets against oil and gas stocks in March, with short interest in the energy sector reaching 2.58% compared to 2.52% in February. That said, while oil may be presenting a bleak outlook, there are other sectors within the energy business that look very promising right now. A significant growth driver for the global energy industry is the ongoing AI boom and its accompanying power-hungry data centers. According to the International Energy Agency, the global electricity demand from data centers is set to more than double by 2030 to around 945 terawatt-hours (TWh), slightly more than the entire electricity consumption of Japan today. The rise of AI is also reshaping US power markets, as according to BNEF, the country's data center demand is projected to rise from 3.5% of total electricity demand today to 8.6% by 2035. Big Tech seems to have jumped headfirst into the AI boom, with commitments to invest hundreds of billions of dollars to build data centers and ensure their energy supply. In fact, this strategic move has injected new life into sectors such as nuclear, which has regained the spotlight after several tech giants met on the sidelines of the CERAWeek conference in March and signed a pledge to support the goal of at least tripling the world's nuclear energy capacity by 2050. That said, there have been concerns lately that the power demand required by the ballooning data center industry may have been overestimated, which led to several energy stocks posting significant declines not so long ago. However, the recently reported better-than-expected results from the cloud and AI businesses of some American tech giants suggest that these fears may have been overblown. Commercial real estate executives have stated that while there has been a 'pause' in some data center capex, it is likely to be temporary, with hundreds of billions of dollars still to be spent. A group of technicians in hazmat suits inspecting a natural gas storage tank. To collect data for this article, we looked for companies operating in the energy sector with forward P/E ratios of below 15 as of the close of May 2, 2025. Then, we identified companies that have delivered substantial returns over the last five years, in order to steer clear of potential value traps. In the end, we selected companies with the highest number of hedge fund holders in the Insider Monkey database, as of Q4 2024. The following are the Most Undervalued Energy Stocks According to Hedge Funds. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). No. of Hedge Fund Holders: 55 Forward P/E Ratio as of May 2: 7.93 Devon Energy Corporation (NYSE:DVN) is a leading independent energy company engaged in finding and producing oil and natural gas, with operations focused onshore in the United States. Devon Energy Corporation (NYSE:DVN) had a strong Q4 2024 as its adjusted EPS of $1.16 topped expectations of $1. The company's revenue also increased by 6.22% YoY to $4.4 billion, beating estimates by around $155.3 million. Devon's oil production reached an all-time high of 398,000 bpd during the quarter, while its overall production came in at 848,000 boe/d. Such a strong performance was aided by the contribution from the Williston Basin business, which Devon acquired from Grayson Mill Energy in a $5 billion deal last year. Devon Energy Corporation (NYSE:DVN) has invested heavily to grow its scale across several key U.S. oil and gas production basins to reduce costs and enhance its ability to produce free cash flow. As a result, the company reported $3 billion in free cash flow last year, with the goal to generate an additional $1 billion by the end of 2026. The oil and gas producer aims to achieve this by reducing drilling and completion costs and improving operating margins. DVN also returned $2 billion to its shareholders in 2024 and is now targeting up to a 70% cash return payout at current strip pricing. Overall, DVN ranks 8th on our list of the most undervalued energy stocks to buy according to hedge funds. While we acknowledge the potential of DVN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than DVN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
Is Devon Energy Corporation (DVN) Among The Lowest PE Ratio Stocks in S&P 500?
We recently published a list of . In this article, we are going to take a look at where Devon Energy Corporation (NYSE:DVN) stands against other most undervalued stocks. Big tech stocks just suffered a massive hit, with the Magnificent Seven shedding a combined $1.8 trillion in market value over two brutal trading days at the beginning of April 2025. The iPhone-maker was hit the hardest, dropping more than $533 billion, partly due to new tariffs targeting its overseas production. Elon Musk's EV giant fell over 10% on April 4, and Wall Street's semiconductor darling lost nearly $400 billion. Jeff Bezos' e-commerce powerhouse also saw its worst losing streak since 2008. The selloff came after Donald Trump's newly announced tariffs sparked fears of a global trade war and potential recession. It did not just impact the mega-caps; the pain spread across the tech sector, which saw steep declines in stock prices. Even semiconductor stocks, although not yet directly impacted by tariffs, are being dragged down by growing uncertainty. Amidst this volatile market landscape, Veteran investor Bill Nygren noted that the chaos caused by Trump's steep tariffs has opened up a rare window for long-term investors to scoop up undervalued stocks. While he admits the uncertainty is not great for investors and could lead to inflation and slower growth, he sees opportunity in the selloff. Nygren pointed out that many quality companies, including major airlines, banks, and media firms, are now trading at dirt-cheap valuations. Some of them are trading under 7 or 8 times earnings because of overly negative investor sentiment. Nygren believes that if you hold these types of stocks long enough, there is a good chance they will deliver solid returns. Hedge fund billionaire Warren Buffett also endorses Bill Nygren's approach. Buffett made his $165 billion fortune by practicing value investing. He is known for buying stocks that are undervalued compared to their true worth and holding onto them for the long run. His approach focuses on companies with robust fundamentals, solid management, and potential for future growth, rather than chasing after risky or short-term trends. Value investing involves looking for stocks with low price-to-earnings ratios, and it often requires investors to go against the market's emotions and short-term movements. A group of technicians in hazmat suits inspecting a natural gas storage tank. For this article, we used the Finviz screener and filtered out S&P stocks. Then, we applied a filter to arrange these stocks in ascending order of P/E ratios. We picked the 10 stocks with the lowest P/E ratios to compile this list. We have also mentioned the hedge fund sentiment around the holdings as per Insider Monkey's Q4 2024 database, ranking the list from least to most hedge fund holders. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). P/E Ratio as of April 29: 6.92 Number of Hedge Fund Holders: 55 Devon Energy Corporation (NYSE:DVN) is an independent American energy company that explores and produces oil, natural gas, and natural gas liquids. DVN ranks 6th on our list of stocks with a low PE ratio. On April 7, Mizuho Securities reiterated an Outperform rating on Devon and lowered the price target from $49 to $46. Mizuho expects the company to meet Q1 2025 projections, despite a 3% dip in production from late 2024. According to analysts, the company is focusing on cost cuts amid market volatility and remains financially strong with $15.17 billion in revenue and a 52.83% profit margin. In the fourth quarter of 2024, Devon Energy Corporation (NYSE:DVN) earned $639 million in net income, and the company generated $1.7 billion in operating cash flow, leaving $738 million in free cash flow. It returned $444 million to shareholders through dividends and share buybacks, and increased its quarterly dividend by 9% to $0.24 per share, which was paid on March 31. Revenues for Q4 rose 16% to $3.1 billion, driven by higher production and better prices for natural gas and NGLs, even though oil prices dipped slightly. According to Insider Monkey's fourth quarter database, 55 hedge funds were long Devon Energy Corporation (NYSE:DVN), compared to 41 funds in the last quarter. Ken Griffin's Citadel Investment Group was the leading stakeholder of the company, with 11.2 million shares valued at $367.5 million. Overall, DVN ranks 6th among the lowest PE ratio stocks in the S&P. While we acknowledge the potential of DVN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than DVN but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
29-04-2025
- Business
- Yahoo
Devon Energy Corporation (DVN): One of the Top Energy Companies with the Highest Upside Potential
We recently published a list of the Top 15 Energy Companies with the Highest Upside Potential. In this article, we are going to take a look at where Devon Energy Corporation (NYSE:DVN) stands against other top energy companies. After posting notable gains in the first three months of 2025, the energy sector witnessed significant declines in April, primarily due to the ongoing global trade war sparked by President Trump's tariffs and the prospects of an economic slowdown. The overall energy sector has now slid by around 3.8% since the beginning of the year, against a decline of about 5.8% by the wider market. Unsurprisingly, the downturn is led by the oil and gas sector, which has fallen by over 15% YTD. READ ALSO: 11 Best Solar Energy Stocks to Buy According to Hedge Funds The primary reason behind this fall is the declining global price of crude oil, caused by the continued uncertainty surrounding global trade, demand fears, and the recent decision by OPEC+ to increase supply. The West Texas Intermediate crude price is currently hovering at a multi-year low level of just under $62, down by over 25% YoY. To make matters worse, the International Energy Agency recently cut its 2025 oil demand growth forecast by 300,000 barrels per day compared to last month, warning the world to 'buckle up' amid the escalating trade tensions. That said, there are sectors in the energy industry that are still significantly bullish, with liquified natural gas being a prime example. The United States of America is already the largest LNG exporter in the world, with exports growing consistently over the last decade. Still, the industry continues to boom after it received significant support from the Trump administration, which has made boosting America's fossil fuel sector its primary agenda. According to Wood Mackenzie, 15.5 million tons per annum (MTPA) of long-term LNG offtake contracts were signed in the first quarter of 2025, following a record 81 MTPA last year. These numbers are expected to spike in the coming months after more and more countries are looking to export American LNG to narrow their trade gap with the US, following a tariff threat by the White House. Another important growth driver for the energy sector is the ongoing AI boom and its accompanying power-hungry data centers. According to a study by the American Clean Power Association, electricity demand in the US is expected to surge by 35-50% by 2040, driven by domestic manufacturing growth, data centers, and mass electrification. A primary candidate to satisfy this huge demand is natural gas, which is clean, reliable, and abundant. According to energy data provider Enverus, a total of 80 new gas power plants could be constructed in America by the end of the decade. That said, natural gas is not as cheap as it was a year ago, as prices have surged by around 36.6% over the last 52 weeks. Another important candidate is nuclear energy, which has emerged as a hot topic these days, especially after several tech giants met on the sidelines of the CERAWeek conference in Houston and signed a pledge to support the goal of at least tripling the world's nuclear energy capacity by 2050. A number of these companies have already signed contracts with nuclear energy providers to power their data centers, with Jeff Bezos' online retail giant being a primary example. A group of technicians in hazmat suits inspecting a natural gas storage tank. To collect data for this article, we examined companies operating in the energy sector and then compiled a list of the stocks with the highest upside potential according to Wall Street analysts, as of April 28, 2025. To keep our list relevant, we have only included companies with a market cap of $10 billion and above. The following are the Energy Companies with the Highest Upside Potential. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). Upside Potential as of April 28: 37.45% Devon Energy Corporation (NYSE:DVN) is a leading independent energy company engaged in finding and producing oil and natural gas, with operations focused onshore in the United States. Devon Energy Corporation (NYSE:DVN) topped forecasts in Q4 2024 as its adjusted EPS of $1.16 was above expectations of $1. The company's revenue also increased by 6.22% YoY to reach $4.4 billion, beating estimates by $155.3 million. The strong performance was primarily a result of Devon's production jumping 28% YoY to 848,000 boe/d during the quarter, aided by the contribution from the Williston Basin business, which the oil and gas company acquired from Grayson Mill Energy in a $5 billion deal. Despite the acquisition, Devon Energy Corporation (NYSE:DVN) maintains a strong balance sheet, generating $3 billion in free cash flow in 2024. The company returned $2 billion of it to its shareholders and recently raised its quarterly dividend by 9.1% to $0.24 per share. For 2025, DVN is targeting up to a 70% cash return payout to shareholders from generated free cash flow at current strip pricing. With a current dividend yield of almost 4%, Devon Energy Corporation (NYSE:DVN) is placed among the 12 Best Oil and Gas Dividend Stocks According to Billionaires. Overall, DVN ranks 10th on our list of the top energy companies with the highest upside potential. While we acknowledge the potential of DVN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than DVN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
23-04-2025
- Business
- Yahoo
Is Devon Energy Corporation (DVN) the Best Stock To Buy According to Marjorie Taylor Greene?
We recently published a list of . In this article, we are going to take a look at where Devon Energy Corporation (NYSE:DVN) stands against other best stock to buy according to Marjorie Taylor Greene. Marjorie Taylor Greene is one of the most active members of the Trump administration on the US stock market. Her latest disclosures show that Greene, who is the US representative for the 14th congressional district of Georgia since 2021, purchased stakes in several beaten down technology stocks in the days prior to the announcement of a 90-day pause on new Trump tariffs. Following the pause, the share prices of many of these technology stocks rallied. This trading activity has drawn the ire of social media, where users routinely highlight that lawmakers from both major parties in the US Congress should be banned from stock trading because of the apparent conflict of interest in owning shares of companies they can heavily influence with positions they can take in office. Like Greene, other US lawmakers active on the stock market, like Nancy Pelosi, are also in the spotlight following the latest bout of the US-China trade war. Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs. Taylor Greene sits on important Congressional committees, including the House Committee on Oversight and Accountability, where she is the Chairwoman of the Subcommittee on Delivering on Government Efficiency (DOGE). She is also on the House Committee on Homeland Security, where she sits on the Subcommittee on Counterterrorism and Intelligence, as well as the Subcommittee on Oversight, Investigations, and Accountability. Disclosures made by Greene through her latest transaction report reveal that the lawmaker sold between $50,000 to $100,000 worth of US Treasury Bills to fund the purchase of beaten down technology stocks just before an announcement by US President Trump that he was pausing for 90 days new tariffs that had earlier sent markets tumbling around the world. Greene is a staunch supporter of the tariffs, having said in a post on social networking platform X that tariffs were a powerful proven source of leverage to protect national interests. For this article, we consulted Capitol Trades, a platform that tracks the stock trading activity of politicians in the United States. It is important to clarify that the stocks listed below were picked from the public record of investments Marjorie Taylor Greene has made in the past few months. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A group of technicians in hazmat suits inspecting a natural gas storage tank. Number of Hedge Fund Holders: 55 Devon Energy Corporation (NYSE:DVN) is an independent energy company that primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids. A disclosure made on April 11 shows that Taylor Greene purchased Devon Energy Corporation (NYSE:DVN) stock worth somewhere between $1,000 and $15,000 on April 9. Like other industries, the energy sector has also witnessed an uptick in volatility as markets absorb the impact of Trump tariffs. Latest reports show that in April, oil prices have experienced major turbulence, dipping below the $60/bbl mark, and crude oil futures have declined over 14%. In addition, short sellers have increased their bets against oil and gas stocks with short interest in the energy sector reaching 2.58% in March compared to 2.52% in the month-ago period. Overall, DVN ranks 18th on our list of best stock to buy according to Marjorie Taylor Greene. While we acknowledge the potential of these companies, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than DVN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
