Wall Street continues to warm to the stock as the price of oil stays above $80 a barrel.
Strong industry dynamics have an analyst bullish on Devon Energy's prospects.
The energy sector continues to be an excellent opportunity for income and value-orientated investors.
The company's ultimate dividend level will be determined by the price of oil and management's capital allocation policy.
Oil prices could continue rising along with tensions in the Middle East.
The S&P 500 Index ($SPX ) (SPY ) this morning is down -1.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.38%. Stock indexes today...
The energy sector has room to run.
The oil exploration and production company remains a highly attractive stock to buy for dividend investors and oil bulls alike.
Earnings season is back, with a couple of big names due to report this week including some of the major banks. This week we have JP Morgan Chase, Wells Fargo, Citigroup and Delta all set to report.