1 Magnificent Oil Stock Down Nearly 30% to Buy and Hold Forever

Devon Energy's (DVN 1.03%) stock price has fallen nearly 30% from its 52-week highs. That drop roughly tracks along with the price declines in West Texas Intermediate crude, a key U.S. oil benchmark. But the big story for income investors is that the dividend has now settled at $0.22 per share per quarter. There's a lot to unpack here, but Devon Energy is still a great oil company, even if the dividend is in a state of flux.What does Devon Energy do?Devon Energy is a pure play upstream oil and natural gas p ...