 |
 |
 |
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Snatch This Bargain Energy Stock Even Cheaper Than Director Hill DidBy Energy Stock Channel Staff, Friday, November 18, 3:51 PM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on July 8, Devon Energy Corp.'s Director, John A Hill, invested $52,654.46 into 655 shares of DVN, for a cost per share of $80.39. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Friday, bargain hunters could buy shares of Devon Energy Corp. (NYSE:DVN) and achieve a cost basis 21.5% cheaper than Hill, with shares changing hands as low as $63.10 per share. It should be noted that Hill has collected $0.17/share in dividends since the time of their purchase, so they are currently down 21.3% on their purchase from a total return basis. Devon Energy Corp. shares are currently trading down about 0.9% on the day. The chart below shows the one year performance of DVN shares, versus its 200 day moving average:
Looking at the chart above, DVN's low point in its 52 week range is $50.74 per share, with $93.56 as the 52 week high point — that compares with a last trade of $63.47. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
The current annualized dividend paid by Devon Energy Corp. is $0.68/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 12/13/2011. Below is a long-term dividend history chart for DVN, which can be of good help in judging whether the most recent dividend with approx. 1.1% annualized yield is likely to continue.
According to the ETF Finder at ETF Channel, DVN makes up 5.80% of the iShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund ETF (AMEX:IEO) which is trading lower by about 0.2% on the day Friday. See what other ETFs contain DVN » DVN operates in the Oil & Gas Exploration & Production sector, among companies like Provident Energy Ltd (PVX) which is off about 0.2% today, and Exco Resources Inc. (NYSE:XCO) trading lower by about 5%. Below is a three month price history chart comparing the stock performance of DVN, versus PVX and XCO.
Free Trial: ''ETF CHANNEL FLEXIBLE GROWTH INVESTMENT PORTFOLIO'' The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
Find the right mix of model portfolios today at PortfolioChannel.com
This Article's Word Cloud:
Bargain
Below
Corp
Devon
Director
Energy
Exploration
Friday
Hill
John
NYSE
Production
about
annualized
asset
basis
below
cash
chart
cost
currently
dividend
down
escape
hunters
insider
lower
most
only
other
paid
performance
portfolio
purchase
reason
recent
share
shares
stock
stocks
that
their
there
this
trading
versus
week
what
which
with
|
Now Playing:
One Reason For Insiders to Buy
Start slideshow: