Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Devon Energy's current 3-Year Share Buyback Ratio was 0.60%.
The historical rank and industry rank for Devon Energy's 3-Year Share Buyback Ratio or its related term are showing as below:
DVN'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -58.5 Med: -8.75 Max: 10.1
Current: 0.6
During the past 13 years, Devon Energy's highest 3-Year Share Buyback Ratio was 10.10%. The lowest was -58.50%. And the median was -8.75%.
DVN's 3-Year Share Buyback Ratio is ranked better than 82.81% of 698
companies
in the Oil & Gas industry
Industry Median: -3.85
vs DVN: 0.60
Competitive Comparison of Devon Energy's 3-Year Share Buyback Ratio
For the Oil & Gas E&P subindustry, Devon Energy's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Devon Energy's 3-Year Share Buyback Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Devon Energy's 3-Year Share Buyback Ratio falls into.
Devon Energy 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
Devon Energy (NYSE:DVN) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Devon Energy 3-Year Share Buyback Ratio Related Terms
Thank you for viewing the detailed overview of Devon Energy's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
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