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Devon Energy is a U.S.-based energy producer. The company has a trailing dividend yield of 4.9%.
Most investors who are looking at dividend stocks are likely trying to find consistent payers. The high yields from Devon Energy, Pioneer Natural Resources, and Diamondback Energy are anything but reliable.
Devon Energy (DVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Devon Energy (DVN) reported earnings 30 days ago. What's next for the stock?
Devon Energy is a diverse player in the oil and gas exploration and production market. The company has delivered significant returns to shareholders through acquisitions, share repurchases, and dividends. Management's guidance for 2024 shows a plan to keep production flat while reducing spending and rewarding shareholders.
Investors may be underestimating the role of collapsing gas prices in reducing Devon's dividend in 2023, but based on current energy prices, Devon's dividend could rise substantially in 2024. The oil company has a good track record of growing reserves.
Devon Energy has looked at several acquisition opportunities. It hasn't been able to seal a deal.
In the most recent trading session, Devon Energy (DVN) closed at $48.61, indicating a +0.37% shift from the previous trading day.
Devon Energy (DVN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Devon's (DVN) investments, debt management and strong production from multi-basin assets gels well for growth. Yet, competitive industry and volatile commodity price are headwinds.