MarketWatch highlighted the Tweedy, Browne Insider + Value ETF (COPY), which has outperformed competitors by focusing on undervalued stocks, insider buying, and share repurchases. The fund uses over 30 investment characteristics to determine undervalued stocks. Currently, COPY holds 180 stocks, with 12 showing unusual options activity.

One of the stocks worth considering is Devon Energy (DVN), which has benefited from drilling exclusively in the U.S. Analysts rate DVN a Buy with a 30% higher target price than its current share price. Despite a $57 price for a barrel of West Texas Intermediate, DVN is expected to earn $4.04 a share in 2025.

ConocoPhillips (COP) is also in the spotlight due to its $12 billion expropriation claims against Venezuela. COP stock has performed marginally better than Devon over the past 12 months, with analysts rating it a Buy as well. The company is expected to earn $6.56 a share in 2025.

Both stocks have seen active options trading, with DVN and COP offering opportunities for investors. The market is closely watching developments surrounding Venezuela’s oil industry, impacting stock prices. Options trading strategies like Long Strangles could be viable for these stocks given the current market conditions.

Read more at Barchart: 2 Undervalued Stocks With Aggressive Share Buybacks and Unusual Options Activity