Devon Energy (NYSE: DVN) is a large, U.S. based oil and natural gas producer. It has a strong and growing business and a generous dividend yield. There are good reasons to buy and hold the stock. But there's also a very good reason why many investors would want to avoid it.

Here's a quick look at the buy, sell, hold decision for Devon Energy.

In the second quarter of 2023 Devon Energy agreed to buy the Williston Basin business of Grayson Mill Energy. The deal is valued at $5 billion, with $3.15 billion of that consideration being paid in cash and the rest in stock.

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Source Fool.com