Professional
Added to YB: 2024-02-23
Pitch date: 2024-02-21
DVN [bullish]
Devon Energy Corporation
-11.92%
current return
Author Info
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Company Info
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.
Market Cap
$23.4B
Pitch Price
$41.06
Price Target
N/A
Dividend
2.58%
EV/EBITDA
3.86
P/E
8.78
EV/Sales
1.86
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Show full summary:
GoodHaven Fund Portfolio Holding - Devon Energy Corporation
Devon: Opportunity to buy more on dip; FCF mainly for divs & buybacks + profitable production growth. $8.11/share divs since Nov '21, ownership up via buybacks. More buybacks & some M&A likely near-term. ~$4/share FCF at $75 oil, significant upside remains.
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