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S&P 500’s Top Stock Leaps 168% by Putting Investors Over Growth

  • Devon Energy, the oil and gas producer, beats energy peers
  • Analysts point to E&P giant’s dividend structure, growth model
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Oil is having a good year. Devon Energy Corp. is having a much better one.

The Oklahoma oil and gas exploration and production company is the best performing stock in the S&P 500 Index this year. Its 168% surge handily beat the 45% gain in West Texas Intermediate crude futures, not to mention the 24% rise in the S&P 500 and the 49% jump in the S&P 500 Energy sector, which is the top group in the equity benchmark for 2021 after being the worst last year.