Item 5. Market for Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is traded on the New York Stock Exchange (the “NYSE”). On February 11, 2015, there were 8,605 holders of record of our common stock. The following table sets forth the quarterly high and low sales prices for our common stock as reported by the NYSE during 2014 and 2013, as well as the quarterly dividends per share paid during 2014 and 2013. We began paying regular quarterly cash dividends on our common stock in the second quarter of 1993. We anticipate continuing to pay regular quarterly dividends in the foreseeable future.
| Price Range of Common Stock | Dividends | |||||||||||
| High | Low | Per Share | ||||||||||
| 2014: | ||||||||||||
| Quarter Ended December 31, 2014 | $ | 68.80 | $ | 51.76 | $ | 0.24 | ||||||
| Quarter Ended September 30, 2014 | $ | 80.01 | $ | 67.58 | $ | 0.24 | ||||||
| Quarter Ended June 30, 2014 | $ | 80.63 | $ | 66.75 | $ | 0.24 | ||||||
| Quarter Ended March 31, 2014 | $ | 66.95 | $ | 57.67 | $ | 0.22 | ||||||
| 2013: | ||||||||||||
| Quarter Ended December 31, 2013 | $ | 66.92 | $ | 57.58 | $ | 0.22 | ||||||
| Quarter Ended September 30, 2013 | $ | 60.38 | $ | 52.00 | $ | 0.22 | ||||||
| Quarter Ended June 30, 2013 | $ | 61.10 | $ | 50.81 | $ | 0.22 | ||||||
| Quarter Ended March 31, 2013 | $ | 61.80 | $ | 51.63 | $ | 0.20 |
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Performance Graph
The following performance graph compares the yearly percentage change in the cumulative total shareholder return on Devon’s common stock with the cumulative total returns of the Standard & Poor’s 500 index (“the S&P 500 Index”) and a peer group of companies to which we compare our performance. The peer group includes Anadarko Petroleum Corporation, Apache Corporation, Chesapeake Energy Corporation, ConocoPhillips, Encana Corporation, EOG Resources, Inc., Hess Corporation, Marathon Oil Corporation, Murphy Oil Corporation, Newfield Exploration Company, Noble Energy, Inc., Occidental Petroleum Corporation, Pioneer Natural Resources Company and Talisman Energy, Inc. The graph was prepared assuming $100 was invested on December 31, 2009 in Devon’s common stock, the S&P 500 Index and the peer group and dividends have been reinvested subsequent to the initial investment.

The graph and related information shall not be deemed “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except to the extent that we specifically incorporate such information by reference into such a filing. The graph and information is included for historical comparative purposes only and should not be considered indicative of future stock performance.
Issuer Purchases of Equity Securities
The following table provides information regarding purchases of our common stock that were made by us during the fourth quarter of 2014.
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | ||||||
| October 1 – October 31 | 1,036 | $ | 60.00 | |||||
| November 1 – November 30 | 39 | $ | 57.07 | |||||
| December 1 – December 31 | 343,187 | $ | 59.94 | |||||
| Total | 344,262 | $ | 59.94 | |||||
| (1) | Share repurchases represent shares received by us from employees and directors for the payment of personal income tax withholding on restricted stock vesting and stock option exercises. |
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Under the Devon Energy Corporation Incentive Savings Plan (the “Plan”), eligible employees may purchase shares of our common stock through an investment in the Devon Stock Fund (the “Stock Fund”), which is administered by an independent trustee. Eligible employees purchased approximately 57,300 shares of our common stock in 2014, at then-prevailing stock prices, that they held through their ownership in the Stock Fund. We acquired the shares of our common stock sold under the Plan through open-market purchases.
Similarly, under the Devon Canada Corporation Savings Plan (the “Canadian Plan”), eligible Canadian employees may purchase shares of our common stock through an investment in the Canadian Plan, which is administered by an independent trustee, Sun Life Assurance Company of Canada. Shares sold under the Canadian Plan were acquired through open-market purchases. These shares and any interest in the Canadian Plan were offered and sold in reliance on the exemptions for offers and sales of securities made outside of the U.S., including under Regulation S for offers and sales of securities to employees pursuant to an employee benefit plan established and administered in accordance with the law of a country other than the U.S. In 2014, there were no shares purchased by Canadian employees.
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