|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||31.65 - 32.58|
|52 Week Range||28.79 - 45.16|
|PE Ratio (TTM)||18.80|
|Forward Dividend & Yield||0.32 (1.01%)|
|1y Target Est||N/A|
U.S. oil production topped 10 million barrels per day earlier this year, approaching a record set in 1970, but until recently many investors in the shale oil revolution were still waiting for their payday. Since the beginning of year, 11 companies have promised buybacks, with six alone in the past three weeks including Devon Energy (DVN.N), Hess Corp (HES.N) and Noble Energy Inc (NBL.N). The United States' second largest producer Chevron Corp (CVX.N) also weighed in last week, hinting it would start buying back shares if it produced stronger cash flow in 2018.
ExxonMobil (XOM) intends to more than double earnings and cash flow from operations by 2025, while Chevron (CVX) highlighted its commitment toward dividend growth as its top priority.
Devon Energy (DVN) continues to divest non-core assets to focus on high margin production regions and return more to its shareholders.
The Oklahoma City oil and gas company is improving investor confidence by selling assets, buying back stock, boosting its dividend and paying back debt.
Devon Energy (DVN) declared a quarterly dividend of 8 cents a share, the first time it has raised its payout since slashing it in early 2016. The exploration-and-production company plans to raise its quarterly dividend by 2 cents a share, or 33%, from 6 cents.
After preaching patience a few weeks ago, this oil giant announced an early surprise that could be a big catalyst for its stock.
U.S. oil and gas producer Devon Energy Corp said on Wednesday it plans to increase its cash dividend and buy back shares worth $1 billion, the latest energy company to do so, while investors pressure the sector for better returns. Devon's plans to buy back shares comes a day after oil major Chevron said it was likely to repurchase stock for the first time in at least three years, even without a substantial rise in oil prices. Devon, which is also selling some assets in Texas for $553 million, raised its quarterly dividend to 8 cents per share from 6 cents, payable on June 29.
U.S. oil and gas producer Devon Energy Corp on Wednesday boosted its dividend payout and said it would sell a shale asset to raise cash and reduce debt. Devon hiked its dividend to 8 cents per share from ...
Alan Valdes, director of floor operations at Silverbear Capital, joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Matthew Cheslock joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest moves in the markets.