DVN Devon Energy

[beton0815]

Einen Gefallen mit den Rückkäufen tut Devon den Langzeitinvestoren jedenfalls nicht.
Eine höhere Dividende gefiel mir jedenfalls besser.

Hoffen wir, dass die 50er wenigstens hält.
Obwohl ich dies bezweifle.
Öl nähert sich dem 3 Monatstief

[beton0815]

Antwort auf Beitrag Nr.: 75.744.999 von winston-wolfe am 07.05.24 15:41:16

Zu finden ist dies in der Präsentation vom 07 Juni 2023.


Über die Gültigkeit kann ich nichts sagen.

[winston-wolfe]

Antwort auf Beitrag Nr.: 75.742.095 von beton0815 am 07.05.24 09:55:01

Von wann ist diese Präsentation, in der aktuellen zu Q1 2024 konnte ich diesen Slide nicht finden? Dort wird auch betont, dass das Aktienrückkaufprogramm im Moment bevorzugt wird. Wird dem einen gefallen, dem anderen nicht ...

Zitat von beton0815: Basierend auf dem Ölpreis je Quartal wird die Dividende eingestuft




https://investors.devonenergy.com/investors/events-presentat…

[beton0815]

Basierend auf dem Ölpreis je Quartal wird die Dividende eingestuft




https://investors.devonenergy.com/investors/events-presentat…

[winston-wolfe]

Devon Energy's Decision to De-Emphasize the Dividend Could Pay Off

By Matt DiLallo – May 4, 2024 at 4:25AM
KEY POINTS
Devon Energy's variable dividend continues to go down.
The oil company is prioritizing share repurchases this year.
Those buybacks could boost its growth rate and valuation in the future.

The oil company has shifted its capital return strategy toward share repurchases.

Devon Energy (DVN 0.63%) has been a monster dividend stock in recent years. A few years ago, the oil company launched the industry's first fixed-plus-variable dividend framework. It aimed to pay a fixed base dividend each quarter and up to 50% of its excess free cash flow in variable dividends.
Higher oil prices in 2022 sent its free cash flow and variable dividend payments soaring.

However, the company shifted its capital return framework this year to give it more flexibility.
As a result, its dividend payment was much lower in the first quarter as it emphasized repurchasing its shares.

That change could pay off for shareholders in the long run.
...
https://www.fool.com/investing/2024/05/04/devon-energys-deci…

[beton0815]

Devon zahlt am 28.06.2024 0.35$ Dividende je Aktie

0.22$ Regulär
0.13$ Special

Sollte im nächsten Quartal höher ausfallen, wenn der Ölpreis auf diesem Niveau bleibt

Quelle:
https://www.devonenergy.com/news/2024/Devon-Energy-Reports-F…" target="_blank" rel="nofollow ugc noopener"> https://www.devonenergy.com/news/2024/Devon-Energy-Reports-F…

[winston-wolfe]

Strong industry dynamics have an analyst bullish on Devon Energy's prospects

Outperforming the 6.3% rise of the S&P 500 so far in 2024, energy specialist Devon Energy (DVN 0.84%) powered 16% higher from the start of the year.

And Biju Perincheril, an analyst at Susquehanna, thinks that there's even more room for the oil and gas producer's stock to run. Perincheril this week raised his price target on shares of Devon Energy by 25% to $65 from $52.
Based on the stock's current share price of $52.56, Perincheril's price target implies an upside of 23.7% over the next 12 months or so.

Updating its estimates for the exploration and production niche of the oil industry, Susquehanna foresees companies committing to increasing energy production.
This, in part, forms the basis for Susquehanna's upwardly revised price target on Devon Energy, according to financial news website The Fly.

Come for the higher price target, stay for the dividends
For energy investors who have Devon Energy on their radars, Susquehanna's higher estimate for the company's stock is surely an encouraging bit of news. It's important, however, to remember that analysts frequently have time horizons much shorter than the multiyear holding periods that the Motley Fool favors, so it's wise to remember that Susquehanna's optimistic outlook is focused on relatively short-term results.

That being said, Devon Energy is certainly a worthy addition to the portfolios of income investors looking to fortify their passive income streams. The stock has a forward dividend yield of 4.7% right now. The company's innovative dividend policy pairs a fixed dividend payment with a variable dividend based on excess free cash flow. That makes it a great option for income investors willing to play in the oil patch -- especially with the company targeting to return 70% of excess 2024 free cash flow to investors.
...
https://www.fool.com/investing/2024/04/23/devon-energy-stock…

[winston-wolfe]

Citigroup raises Devon Energy's price target on output, M&A potential

bin ja voll der Alleinunterhalter hier

** Brokerage Citigroup raises Devon Energy's DVN.N price target to $62 from $55, shares up marginally in premarket trading

** Says there is an upside to production and rising prospects of big M&A

** Says "DVN presents one of the more debated E&P stories in 2024 given the potential for an operational turnaround"

** "The market would respond positively to a DVN/MRO merger given the synergy potential and FCF accretion under a merger of equals/small premium scenario," Citigroup analysts say in a note

** The new price target represents a 13.7% upside to the stock's last close

** 20 of 30 brokerages rate the stock "buy" or higher and 10 "hold"; their median PT is $54

** Up to the last closing price, shares up 20.3% YTD
...
https://www.xm.com/research/markets/allNews/reuters/citigrou…

[winston-wolfe]

Devon wird von Morgan Stanley hoch gestuft

Occidental Petroleum (NYSE:OXY) and Devon Energy (NYSEVN) on Monday were both upgraded to Overweight from a previous investment rating of Equal Weight by analysts at financial-services company Morgan Stanley.

“We see opportunities to add exposure to high-quality stocks at attractive valuations, but also remain selective,” Devin McDermott, analyst at Morgan Stanley, said in a December 11 report. “We see an improved risk-reward post the recent pullback in crude and Morgan Stanley economists have an above-consensus view on 2024 growth.”

Key stock picks in energy industry include ConocoPhillips (NYSE:COP), Occidental (OXY), Diamondback Energy (NASDAQ:FANG) and Devon (DVN) among U.S. exploration and production companies, and Cenovus Energy (NYSE:CVE) in Canada, the analysts said.

“Headwinds from inflation and supply chain tightness have turned to tailwinds, supporting efficiency gains and softening costs,” according to Morgan Stanley. “At the stock level, a growing capital efficiency divide creates opportunities. We remain focused on rate of change and a 'constructive, but selective' framework.”

Morgan Stanley's changes to price targets, Dec. 11
New Old
Calion Petroleum Co. (NYSE:CPE) $37 $40
Devon Energy Corp. (DVN) $52 $48
Marathon Oil Corp. (MRO) $25 $27
Cenovus Energy Inc. (CVE) $31 $33
Suncor Energy Inc. (NYSE:SU) $52 $57
...
https://seekingalpha.com/news/4045064-occidental-devon-upgra…

[winston-wolfe]

Ist Devon Energy ein gutes Value-Investment?

...
Devon Energy (ISIN: US25179M1036) ist preiswerter, wächst schneller und bietet eine interessante Dividende.

Mit einer Produktion von über 650.000 Barrel pro Tag zählt Devon zu den größten unabhängigen Produzenten, die sich ausschließlich auf die USA konzentrieren.

Ungefähr zwei Drittel dieser Produktion stammen aus dem enorm produktiven Delaware-Becken, das sich im riesigen Permbecken befindet.

Anders als die meisten größeren Öl- und Gasproduzenten, die aktuell lediglich planen, ihre Produktion konstant zu halten, wird Devon im Jahr 2023 weiter wachsen.

Die Geschäftsleitung prognostiziert ein Produktionswachstum auf Jahresbasis von 9%.

Diese Wachstumsprognose ist beachtlich. Beachtlich ist auch, dass Devon dieses Ziel erreichen wird, während das Unternehmen gleichzeitig einen beträchtlichen freien Cashflow generiert – eine eher ungewöhnliche Leistung in dieser Branche.

Wir als Dividendeninvestoren möchten einen starken freien Cashflow sehen, denn dieser wird in Form von Dividenden oder Aktienrückkäufen an die Aktionäre ausgezahlt.

In der Regel müssen Produzenten, um nahezu zweistellig zu wachsen, all ihren Cashflow reinvestieren, was wenig bis gar keinen freien Cashflow für die Aktionäre übrig lässt.

Mit einem nahezu zweistelligen Wachstum bei der Produktion und einem starken freien Cashflow bietet Devon den Aktionären das Beste aus beiden Welten.
...
https://anlegerverlag.de/ist-devon-energy-ein-gutes-value-in…