From Nasdaq: 2024-04-27 17:29:00

Devon Energy (NYSE: DVN) is a company in the U.S. energy sector that produces and sells oil and natural gas. Its stock is directly impacted by energy prices, with a 15% year to date gain as crude oil prices rise. Devon offers leverage to rising energy prices through dividends and buybacks tied to financial performance. However, its stock can fall when energy prices decline, affecting cash returns to investors. For those seeking consistent dividends, Devon may not be the best option. But, for investors looking for exposure to energy prices and a hedge against real-world energy costs, Devon could be a valuable addition to an income portfolio.



Read more at Nasdaq: Devon Energy: Buy, Sell, or Hold?