Devon Energy (DVN)

Price*: $68.57 | Dividend: $0.64 | Dividend Yield: 0.93%

Recommendation Info
We downgraded this stock from the "Recommended" list on 7/31/08, at a price of 94.89.

Dividend Stock Ratings Breakdown

1. Relative Strength

Stock is at the top of its six-month trading range.

2. Overall Yield Attractiveness

Stock's dividend yield is unattractive.

3. Dividend Reliability

This rating is directly related to the length and consistency of a company's dividend payouts.

4. Dividend Uptrend

Dividend payouts are consistent, but increases small.

5. Earnings Growth

Earnings estimates have been raised slightly.

Price and Dividend Info

Devon Energy (DVN)

Previous Day's Closing Price*

$68.57

Annual Stock Dividend

$0.64

Current Dividend Yield

0.93%

Recent Headlines

Devon Energy Is Able to Deliver Results Despite Hurricane Shutdown (DVN)
Wed, Nov 5, 2008
Dividend Stock Traders Special - Commodity Sellers Reappear (APA, DVN, SCHN)
Mon, Sep 8, 2008
Dividend Stocks Traders Special - Natural Gas Stocks Showing Resilience (XTO, APA, DVN)
Sun, Sep 7, 2008
Devon Energy Reports Big Earnings, but Now What? (DVN)
Wed, Aug 6, 2008
Dividend Stock Recommendation Changes (IP, XOM, BT, DVN, E)
Thu, Jul 31, 2008

Profile & Recommendation

Company Profile

Devon Energy- (DVN)-engage in oil and gas exploration, development, and production; the transportation of oil, gas, and natural gas liquids; and the processing of natural gas. As of December 31, 2007, the company had proved reserves of 677 million barrels of oil; 8,994 billion cubic feet of gas; and 321 million barrels of natural gas liquids. It also had interests in 5,586 net oil producing wells and 14,960 net gas producing wells. Devon Energy sells its gas production to various customers, including pipelines, utilities, gas marketing firms, industrial users, and local distribution companies; and crude oil production to refiners, remarketers, and other companies. The company was founded in 1971 and is based in Oklahoma City, Oklahoma.

Recommendation

Based on our rating criteria, this stock has achieved a "Neutral" rating. Stocks with a neutral rating are considered mediocre investments in terms of expected price growth and dividend payments.

Stock Notes

This large cap stock does not make an attractive dividend stock investment at this time.

* Stock price reflects previous day's closing price. All stock quotes on this website should be considered as having a 24-hour delay.

** Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.