Cenovus Energy Inc. (TSE:CVE) Senior Officer Buys C$100,004.00 in Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson bought 4,600 shares of Cenovus Energy stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of C$21.74 per share, with a total value of C$100,004.00.

Jeffery George Lawson also recently made the following trade(s):

• On Monday, September 30th, Jeffery George Lawson purchased 4,000 shares of Cenovus Energy stock. The stock was purchased at an average price of C$22.50 per share, for a total transaction of C$90,000.00.

Cenovus Energy Stock Up 1.9 %

Shares of TSE:CVE opened at C$21.71 on Friday. Cenovus Energy Inc. has a 1 year low of C$19.82 and a 1 year high of C$29.96. The company has a market capitalization of C$40.38 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.09 and a beta of 2.63. The business has a fifty day moving average price of C$22.71 and a two-hundred day moving average price of C$24.60. The company has a debt-to-equity ratio of 33.34, a current ratio of 1.66 and a quick ratio of 1.00.

Cenovus Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a yield of 3.32%. Cenovus Energy’s dividend payout ratio (DPR) is presently 28.69%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group lowered their target price on Cenovus Energy from C$36.00 to C$33.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. TD Securities cut their price target on Cenovus Energy from C$31.00 to C$29.00 and set a “buy” rating for the company in a research note on Friday. National Bankshares lowered their price objective on Cenovus Energy from C$38.00 to C$31.00 in a research note on Friday, September 27th. Raymond James lifted their target price on Cenovus Energy from C$32.00 to C$33.00 in a research report on Friday. Finally, Royal Bank of Canada lowered their price target on Cenovus Energy from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$31.50.

Cenovus Energy Company Profile

Cenovus Energy Inc, together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.