With crude prices currently in the triple digits, oil stocks are paying a gusher of dividends to their investors. Devon Energy (NYSE: DVN) launched the industry's fixed plus variable dividend trend last year after closing its merger of equals with WPX Energy. It set its base dividend payment at $0.11 per share each quarter, a level it could sustain at lower oil prices.
In this article, we discuss 10 value stock picks of billionaire Stanley Druckenmiller in 2022. If you want to see more value picks in his portfolio, click Billionaire Stanley Druckenmiller’s 2022 Portfolio: 5 Value Stock Picks. Billionaire Stanley Druckenmiller’s rather concentrated Q1 portfolio, comprising only 51 stocks, is a blend of value and growth plays. […]
Marathon Oil (MRO) spent $348 million in capital and exploratory expenditures during the quarter and raked in $940 million of free cash flow.