S&P 500’s Top Stock Leaps 168% by Putting Investors Over Growth_老虎社区_美港股上老虎

S&P 500’s Top Stock Leaps 168% by Putting Investors Over Growth

Bloomberg2021-12-10

(Bloomberg) -- Oil is having a good year. Devon Energy Corp. is having a much better one. The Oklahoma oil and gas exploration and production company is the best performing stock in the S&P 500 Index ...

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koolgal
·2021-12-10
Its exciting times for Devon Energy as it jumped 168%! However if you have a limited budget, you may wish to consider $Energy Select Sector SPDR Fund(XLE)$ as it holds the major oil stocks like Exxon and Chevron and its diversified. 🚀🚀🚀🌙🌙🌙
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- koolgal:
  Thanks
  2021-12-11
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- 3f585b4d:
  👍
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- koolgal:
  My pleasure
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wywy
·2021-12-10
wow. 168%
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pangchingwen
·2021-12-10
good
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PBL170
·2021-12-10
Ok
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- pangchingwen:
  👌
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KAHHUAT
·2021-12-10
Latest
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Devon Energy Corp. is having a much better one.\nThe Oklahoma oil and gas exploration and production company is the best performing stock in the S&P 500 Index ...\n\n<a href=\"https://finance.yahoo.com/news/p-500-top-stock-leaps-151217338.html\">网页链接</a>\n\n</div>\n","source":"lsy1612507957220","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500’s Top Stock Leaps 168% by Putting Investors Over Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500’s Top Stock Leaps 168% by Putting Investors Over Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-10 08:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/p-500-top-stock-leaps-151217338.html>Bloomberg</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n(Bloomberg) -- Oil is having a good year. Devon Energy Corp. is having a much better one.\nThe Oklahoma oil and gas exploration and production company is the best performing stock in the S&P 500 Index ...\n\n<a href=\"https://finance.yahoo.com/news/p-500-top-stock-leaps-151217338.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DVN","symbol_name":"德文能源","start_time":0,"source_url":"https://finance.yahoo.com/news/p-500-top-stock-leaps-151217338.html","article_id":"1156089813","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1156089813","pubTimestamp":1639097222,"columns":[],"sourceInfo":{"source_id":"lsy1612507957220","name":"finance.yahoo"},"weMediaInfo":null,"summary":"(Bloomberg) -- Oil is having a good year. 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However if you have a limited budget, you may wish to consider $Energy Select Sector SPDR Fund(XLE)$ as it holds the major oil stocks like Exxon and Chevron and its diversified. 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interest."},{"id":6926129,"gmtCreate":1639128606517,"gmtModify":1639128606517,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605316193,"type":1,"supId":6926035,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"}],"langContent":"CN"},{"id":605337555,"gmtCreate":1639111583212,"gmtModify":1639112341293,"author":{"id":"3566982670449095","authorId":"3566982670449095","name":"wywy","avatar":"https://static.tigerbbs.com/76ed86374fc7b16c12094c45ea30787c","vip":2,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3566982670449095","authorIdStr":"3566982670449095"},"htmlText":"wow. 168%&nbsp;","listText":"wow. 168%&nbsp;","text":"wow. 168%","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605337555","repostId":1156089813,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":605997028,"gmtCreate":1639099655515,"gmtModify":1639099656167,"author":{"id":"3581818742728168","authorId":"3581818742728168","name":"pangchingwen","avatar":"https://static.tigerbbs.com/31b0269cbebdce24b628856129a8ab15","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3581818742728168","authorIdStr":"3581818742728168"},"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605997028","repostId":1156089813,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":605900230,"gmtCreate":1639097909184,"gmtModify":1639097909503,"author":{"id":"4087190594214920","authorId":"4087190594214920","name":"PBL170","avatar":"https://static.tigerbbs.com/8ef4f93ba3e261ac276aef28c4467365","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"4087190594214920","authorIdStr":"4087190594214920"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605900230","repostId":1156089813,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6921175,"gmtCreate":1639099661847,"gmtModify":1639099661881,"authorId":3581818742728168,"author":{"id":3581818742728168,"idStr":"3581818742728168","authorId":3581818742728168,"name":"pangchingwen","avatar":"https://static.tigerbbs.com/31b0269cbebdce24b628856129a8ab15","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605900230,"type":1,"supId":0,"prevId":0,"content":"👌","text":"👌","html":"👌"}],"langContent":"CN"},{"id":605900039,"gmtCreate":1639097843020,"gmtModify":1639097843406,"author":{"id":"3581548947231431","authorId":"3581548947231431","name":"KAHHUAT","avatar":"https://static.tigerbbs.com/0142df644dd666ed7544324b3fa02898","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3581548947231431","authorIdStr":"3581548947231431"},"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605900039","repostId":1156089813,"repostType":4,"repost":{"id":"1156089813","kind":"news","pubTimestamp":1639097222,"share":"https://www.laohu8.com/m/news/1156089813?lang=zh_CN&edition=full","pubTime":"2021-12-10 08:47","market":"us","language":"en","title":"S&P 500’s Top Stock Leaps 168% by Putting Investors Over Growth<blockquote>投资者优先考虑增长，标普500顶级股票上涨168%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156089813","media":"Bloomberg","summary":"(Bloomberg) -- Oil is having a good year. Devon Energy Corp. is having a much better one.\nThe Oklaho","content":"(Bloomberg) -- Oil is having a good year. Devon Energy Corp. is having a much better one.<blockquote>（彭博社）--石油今年表现不错。德文能源公司的情况要好得多。</blockquote> The Oklahoma oil and gas exploration and production company is the best performing stock in the S&amp;P 500 Index this year. Its 168% surge handily beat the 45% gain in West Texas Intermediate crude futures, not to mention the 24% rise in the S&amp;P 500 and the 49% jump in the S&amp;P 500 Energy sector, which is the top group in the equity benchmark for 2021 after being the worst last year.<blockquote>俄克拉荷马州石油和天然气勘探和生产公司是今年标普500指数中表现最好的股票。其168%的飙升轻松超过了西德克萨斯中质原油期货45%的涨幅，更不用说标普500 24%的上涨和标普500能源板块49%的上涨，该板块是股票基准中排名第一的板块。继去年最糟糕之后，2021年。</blockquote> Obviously, higher oil prices helped drive energy companies’ gains during the skittish global rebound from the Covid-19 pandemic. But what sets Devon apart from its peers, according to analysts, is a determination to return free cash flow to investors through a clear, fixed-plus-variable dividend framework for its capital returns.<blockquote>显然，在全球从Covid-19大流行中脆弱的反弹期间，油价上涨帮助推动了能源公司的上涨。但分析师表示，德文郡与同行的不同之处在于，它决心通过明确的、固定加可变的资本回报股息框架向投资者返还自由现金流。</blockquote> “What we can’t control is commodity prices,” CEO Rick Muncrief said in an interview. “So we did have some tailwinds there, which actually gave us some uplift on the amount of free cash flow that you’re generating, which drives those really big dividend payments.”<blockquote>“我们无法控制的是大宗商品价格，”首席执行官Rick Muncrief在接受采访时表示。“所以我们确实有一些顺风车，这实际上让我们产生的自由现金流数量有所提升，从而推动了那些真正巨额的股息支付。”</blockquote> It’s a strategy that clearly appeals to Wall Street.<blockquote>这是一个显然对华尔街有吸引力的策略。</blockquote> “Devon has been a leader in the new paradigm for E&amp;P, which is now a low-growth, free cash flow paradigm going forward,” Barclays analyst Jeanine Wai said.<blockquote>巴克莱分析师Jeanine Wai表示：“德文郡一直是勘探与生产新范式的领导者，这种范式现在是一种低增长、自由现金流的范式。”</blockquote> The transformation started on Sept. 28, 2020, when Devon announced a merger with WPX Energy Inc., where Muncrief was running the show. Part of the plan for the combined company was to start a fixed-plus-variable dividend. Prior to that, Devon was down 66% on the year and was one of the S&amp;P 500’s worst performers.<blockquote>这种转变始于2020年9月28日，当时德文郡宣布与WPX能源公司合并，Muncrief在该公司运营。合并后公司计划的一部分是开始固定加可变股息。在此之前，德文郡股价同比下跌66%，是标普500表现最差的股票之一。</blockquote> “It was primarily supply-and-demand concerns” that weighed on the stock, Muncrief said. “We were in the throes of the pandemic.”<blockquote>蒙克里夫表示，“主要是供需担忧”给该股带来压力。“我们正处于大流行的阵痛之中。”</blockquote> Since then, the shares are up more than 358% and hitting levels last seen in 2018. The CEO thinks the company’s performance this year represents a rebound from the pandemic’s trading trough as well as the beginning of a new trajectory.<blockquote>此后，该股上涨了358%以上，达到了2018年的水平。这位首席执行官认为，公司今年的业绩代表着从大流行的交易低谷中反弹，也是新轨迹的开始。</blockquote> “With the discipline I’m seeing in the industry, I think we’re going to see multiples expand, which will help us,” Muncrief said.<blockquote>蒙克里夫说：“根据我在行业中看到的纪律，我认为我们将看到倍数扩大，这将对我们有所帮助。”</blockquote> Cash Return<blockquote>现金返还</blockquote> Devon isn’t alone in seeing its shares soar. Energy stocks have rallied this year as oil prices have climbed with loosening Covid-19 restrictions creating demand and OPEC+ keeping output restrained.<blockquote>德文郡并不是唯一一家股价飙升的公司。随着放松Covid-19限制创造需求以及OPEC+限制产量，油价攀升，能源股今年上涨。</blockquote> Exploration and production companies historically have responded to swings in crude by increasing activity as prices went up and trimming back as they went down, Wells Fargo analyst Nitin Kumar said. But Devon’s fixed-plus-variable model gives it a balance of consistency and flexibility.<blockquote>富国银行分析师尼廷·库马尔表示，勘探和生产公司历来对原油波动的反应是在价格上涨时增加活动，在价格下跌时减少活动。但德文郡的固定加变量模型使其在一致性和灵活性之间取得了平衡。</blockquote> “They allowed that excess windfall from the commodity price to flow to the shareholders,” Kumar said. Instead of the cash flow from higher commodity prices being used to chase production growth, which in turn adds supply to the market that could weigh on the commodity prices, it goes to creating value for shareholders.<blockquote>“他们允许大宗商品价格带来的额外意外之财流向股东，”库马尔说。大宗商品价格上涨带来的现金流不再被用来追逐产量增长，从而增加市场供应，从而拖累大宗商品价格，而是为股东创造价值。</blockquote> Wall Street has taken to the company, with 27 out of 32 analysts covering the stock rating it a “buy,” according to data compiled by Bloomberg. Their average 12-month price target implies about a 15% premium over Wednesday’s closing price.<blockquote>根据彭博社汇编的数据，华尔街已经看好该公司，研究该股的32名分析师中有27名将其评级为“买入”。他们的12个月平均目标价意味着较周三收盘价溢价约15%。</blockquote> “It’s pretty easy to figure out what we think is going to be coming straight back to the shareholders,” Barclays’s Wai said. “So we’re not surprised that it has performed so well, given their transparency on returning the cash and the quality of their inventory.”<blockquote>巴克莱银行的Wai表示：“很容易弄清楚我们认为将直接返还给股东的内容。”“因此，考虑到他们返还现金的透明度和库存的质量，我们对其表现如此出色并不感到惊讶。”</blockquote> The company has authorized a billion-dollar stock buyback program for next year, and its latest dividend announcement was $0.84 per share for the third quarter. Devon will evaluate the fixed element of the dividend in the first quarter of each year to determine whether to change it, Muncrief said.<blockquote>该公司已授权明年10亿美元的股票回购计划，最新公布的第三季度股息为每股0.84美元。蒙克里夫表示，德文郡将在每年第一季度评估股息的固定部分，以确定是否改变它。</blockquote> “We don’t want to be a one-year wonder,” Muncrief said. “We want to show people that we’re a great long term investment.”<blockquote>“我们不想成为一年的奇迹，”蒙克里夫说。“我们希望向人们展示我们是一项伟大的长期投资。”</blockquote>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500’s Top Stock Leaps 168% by Putting Investors Over Growth<blockquote>投资者优先考虑增长，标普500顶级股票上涨168%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500’s Top Stock Leaps 168% by Putting Investors Over Growth<blockquote>投资者优先考虑增长，标普500顶级股票上涨168%</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nBloomberg2021-12-10 08:47\n\n</h4>\n</header>\n<article>\n(Bloomberg) -- Oil is having a good year. Devon Energy Corp. is having a much better one.<blockquote>（彭博社）--石油今年表现不错。德文能源公司的情况要好得多。</blockquote> The Oklahoma oil and gas exploration and production company is the best performing stock in the S&amp;P 500 Index this year. Its 168% surge handily beat the 45% gain in West Texas Intermediate crude futures, not to mention the 24% rise in the S&amp;P 500 and the 49% jump in the S&amp;P 500 Energy sector, which is the top group in the equity benchmark for 2021 after being the worst last year.<blockquote>俄克拉荷马州石油和天然气勘探和生产公司是今年标普500指数中表现最好的股票。其168%的飙升轻松超过了西德克萨斯中质原油期货45%的涨幅，更不用说标普500 24%的上涨和标普500能源板块49%的上涨，该板块是股票基准中排名第一的板块。继去年最糟糕之后，2021年。</blockquote> Obviously, higher oil prices helped drive energy companies’ gains during the skittish global rebound from the Covid-19 pandemic. But what sets Devon apart from its peers, according to analysts, is a determination to return free cash flow to investors through a clear, fixed-plus-variable dividend framework for its capital returns.<blockquote>显然，在全球从Covid-19大流行中脆弱的反弹期间，油价上涨帮助推动了能源公司的上涨。但分析师表示，德文郡与同行的不同之处在于，它决心通过明确的、固定加可变的资本回报股息框架向投资者返还自由现金流。</blockquote> “What we can’t control is commodity prices,” CEO Rick Muncrief said in an interview. “So we did have some tailwinds there, which actually gave us some uplift on the amount of free cash flow that you’re generating, which drives those really big dividend payments.”<blockquote>“我们无法控制的是大宗商品价格，”首席执行官Rick Muncrief在接受采访时表示。“所以我们确实有一些顺风车，这实际上让我们产生的自由现金流数量有所提升，从而推动了那些真正巨额的股息支付。”</blockquote> It’s a strategy that clearly appeals to Wall Street.<blockquote>这是一个显然对华尔街有吸引力的策略。</blockquote> “Devon has been a leader in the new paradigm for E&amp;P, which is now a low-growth, free cash flow paradigm going forward,” Barclays analyst Jeanine Wai said.<blockquote>巴克莱分析师Jeanine Wai表示：“德文郡一直是勘探与生产新范式的领导者，这种范式现在是一种低增长、自由现金流的范式。”</blockquote> The transformation started on Sept. 28, 2020, when Devon announced a merger with WPX Energy Inc., where Muncrief was running the show. Part of the plan for the combined company was to start a fixed-plus-variable dividend. Prior to that, Devon was down 66% on the year and was one of the S&amp;P 500’s worst performers.<blockquote>这种转变始于2020年9月28日，当时德文郡宣布与WPX能源公司合并，Muncrief在该公司运营。合并后公司计划的一部分是开始固定加可变股息。在此之前，德文郡股价同比下跌66%，是标普500表现最差的股票之一。</blockquote> “It was primarily supply-and-demand concerns” that weighed on the stock, Muncrief said. “We were in the throes of the pandemic.”<blockquote>蒙克里夫表示，“主要是供需担忧”给该股带来压力。“我们正处于大流行的阵痛之中。”</blockquote> Since then, the shares are up more than 358% and hitting levels last seen in 2018. The CEO thinks the company’s performance this year represents a rebound from the pandemic’s trading trough as well as the beginning of a new trajectory.<blockquote>此后，该股上涨了358%以上，达到了2018年的水平。这位首席执行官认为，公司今年的业绩代表着从大流行的交易低谷中反弹，也是新轨迹的开始。</blockquote> “With the discipline I’m seeing in the industry, I think we’re going to see multiples expand, which will help us,” Muncrief said.<blockquote>蒙克里夫说：“根据我在行业中看到的纪律，我认为我们将看到倍数扩大，这将对我们有所帮助。”</blockquote> Cash Return<blockquote>现金返还</blockquote> Devon isn’t alone in seeing its shares soar. Energy stocks have rallied this year as oil prices have climbed with loosening Covid-19 restrictions creating demand and OPEC+ keeping output restrained.<blockquote>德文郡并不是唯一一家股价飙升的公司。随着放松Covid-19限制创造需求以及OPEC+限制产量，油价攀升，能源股今年上涨。</blockquote> Exploration and production companies historically have responded to swings in crude by increasing activity as prices went up and trimming back as they went down, Wells Fargo analyst Nitin Kumar said. But Devon’s fixed-plus-variable model gives it a balance of consistency and flexibility.<blockquote>富国银行分析师尼廷·库马尔表示，勘探和生产公司历来对原油波动的反应是在价格上涨时增加活动，在价格下跌时减少活动。但德文郡的固定加变量模型使其在一致性和灵活性之间取得了平衡。</blockquote> “They allowed that excess windfall from the commodity price to flow to the shareholders,” Kumar said. Instead of the cash flow from higher commodity prices being used to chase production growth, which in turn adds supply to the market that could weigh on the commodity prices, it goes to creating value for shareholders.<blockquote>“他们允许大宗商品价格带来的额外意外之财流向股东，”库马尔说。大宗商品价格上涨带来的现金流不再被用来追逐产量增长，从而增加市场供应，从而拖累大宗商品价格，而是为股东创造价值。</blockquote> Wall Street has taken to the company, with 27 out of 32 analysts covering the stock rating it a “buy,” according to data compiled by Bloomberg. Their average 12-month price target implies about a 15% premium over Wednesday’s closing price.<blockquote>根据彭博社汇编的数据，华尔街已经看好该公司，研究该股的32名分析师中有27名将其评级为“买入”。他们的12个月平均目标价意味着较周三收盘价溢价约15%。</blockquote> “It’s pretty easy to figure out what we think is going to be coming straight back to the shareholders,” Barclays’s Wai said. “So we’re not surprised that it has performed so well, given their transparency on returning the cash and the quality of their inventory.”<blockquote>巴克莱银行的Wai表示：“很容易弄清楚我们认为将直接返还给股东的内容。”“因此，考虑到他们返还现金的透明度和库存的质量，我们对其表现如此出色并不感到惊讶。”</blockquote> The company has authorized a billion-dollar stock buyback program for next year, and its latest dividend announcement was $0.84 per share for the third quarter. Devon will evaluate the fixed element of the dividend in the first quarter of each year to determine whether to change it, Muncrief said.<blockquote>该公司已授权明年10亿美元的股票回购计划，最新公布的第三季度股息为每股0.84美元。蒙克里夫表示，德文郡将在每年第一季度评估股息的固定部分，以确定是否改变它。</blockquote> “We don’t want to be a one-year wonder,” Muncrief said. “We want to show people that we’re a great long term investment.”<blockquote>“我们不想成为一年的奇迹，”蒙克里夫说。“我们希望向人们展示我们是一项伟大的长期投资。”</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://finance.yahoo.com/news/p-500-top-stock-leaps-151217338.html\">Bloomberg</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DVN":"德文能源"},"source_url":"https://finance.yahoo.com/news/p-500-top-stock-leaps-151217338.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156089813","content_text":"(Bloomberg) -- Oil is having a good year. Devon Energy Corp. is having a much better one.\nThe Oklahoma oil and gas exploration and production company is the best performing stock in the S&P 500 Index this year. Its 168% surge handily beat the 45% gain in West Texas Intermediate crude futures, not to mention the 24% rise in the S&P 500 and the 49% jump in the S&P 500 Energy sector, which is the top group in the equity benchmark for 2021 after being the worst last year.\nObviously, higher oil prices helped drive energy companies’ gains during the skittish global rebound from the Covid-19 pandemic. But what sets Devon apart from its peers, according to analysts, is a determination to return free cash flow to investors through a clear, fixed-plus-variable dividend framework for its capital returns.\n“What we can’t control is commodity prices,” CEO Rick Muncrief said in an interview. “So we did have some tailwinds there, which actually gave us some uplift on the amount of free cash flow that you’re generating, which drives those really big dividend payments.”\nIt’s a strategy that clearly appeals to Wall Street.\n“Devon has been a leader in the new paradigm for E&P, which is now a low-growth, free cash flow paradigm going forward,” Barclays analyst Jeanine Wai said.\nThe transformation started on Sept. 28, 2020, when Devon announced a merger with WPX Energy Inc., where Muncrief was running the show. Part of the plan for the combined company was to start a fixed-plus-variable dividend. Prior to that, Devon was down 66% on the year and was one of the S&P 500’s worst performers.\n“It was primarily supply-and-demand concerns” that weighed on the stock, Muncrief said. “We were in the throes of the pandemic.”\nSince then, the shares are up more than 358% and hitting levels last seen in 2018. The CEO thinks the company’s performance this year represents a rebound from the pandemic’s trading trough as well as the beginning of a new trajectory.\n“With the discipline I’m seeing in the industry, I think we’re going to see multiples expand, which will help us,” Muncrief said.\nCash Return\nDevon isn’t alone in seeing its shares soar. Energy stocks have rallied this year as oil prices have climbed with loosening Covid-19 restrictions creating demand and OPEC+ keeping output restrained.\nExploration and production companies historically have responded to swings in crude by increasing activity as prices went up and trimming back as they went down, Wells Fargo analyst Nitin Kumar said. But Devon’s fixed-plus-variable model gives it a balance of consistency and flexibility.\n“They allowed that excess windfall from the commodity price to flow to the shareholders,” Kumar said. Instead of the cash flow from higher commodity prices being used to chase production growth, which in turn adds supply to the market that could weigh on the commodity prices, it goes to creating value for shareholders.\nWall Street has taken to the company, with 27 out of 32 analysts covering the stock rating it a “buy,” according to data compiled by Bloomberg. Their average 12-month price target implies about a 15% premium over Wednesday’s closing price.\n“It’s pretty easy to figure out what we think is going to be coming straight back to the shareholders,” Barclays’s Wai said. “So we’re not surprised that it has performed so well, given their transparency on returning the cash and the quality of their inventory.”\nThe company has authorized a billion-dollar stock buyback program for next year, and its latest dividend announcement was $0.84 per share for the third quarter. Devon will evaluate the fixed element of the dividend in the first quarter of each year to determine whether to change it, Muncrief said.\n“We don’t want to be a one-year wonder,” Muncrief said. “We want to show people that we’re a great long term investment.”","news_type":1,"symbols_score_info":{"DVN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6920660,"gmtCreate":1639097847944,"gmtModify":1639097848031,"authorId":3581548947231431,"author":{"id":3581548947231431,"idStr":"3581548947231431","authorId":3581548947231431,"name":"KAHHUAT","avatar":"https://static.tigerbbs.com/0142df644dd666ed7544324b3fa02898","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":605900039,"type":1,"supId":0,"prevId":0,"content":"Latest","text":"Latest","html":"Latest"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":76,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}