Devon Energy Stock News

Devon Energy (DVN -0.09%) is a fairly easy company to understand. However, how it fits into a portfolio can be a bit more complicated to figure out.

Oil is a volatile commodity, a fact that needs to be taken into consideration when buying an oil-related stock. However, there are different ways to view this fact from an investment perspective.

You should always aspire to have a good understanding of the companies you decide to invest in. There will be times when Wall Street throws you a curve ball, of course, but most of the time,  businesses are fairly easy to understand.

The energy sector has started 2025 with remarkable momentum, significantly outpacing the broader market. This impressive performance is reflected in the Energy Select Sector SPDR Fund NYSEARCA: XLE, which has gained 8.07% year-to-date as of January 16, far exceeding the S&P 500's modest 1.39% rise.

As 2025 kicks off with a volatile start, many investors are likely feeling the pressure of heightened uncertainty. The S&P 500 and other major indices are down year-to-date, led by sharp declines in tech heavyweights like NVIDIA, which has fallen 13% from its 52-week high set just days ago.

OKLAHOMA CITY, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) today announced key updates to its executive leadership team.

How would you like to get paid to sit back and watch a stock you own take off? That's a scenario most investors would love.

With an almost 28% decline in 2024, Devon Energy (DVN 2.39%) is a stock that fell out of favor with the market. The sell-off has arguably been overdone, as the price of oil spent much of last year trading with a $70 per barrel handle and trades at almost $75 per barrel at the time of this writing.