Cenovus Energy Inc. (CVE) To Go Ex-Dividend on December 13th

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) announced a quarterly dividend on Friday, December 13th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.18 per share on Tuesday, December 31st. This represents a $0.72 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, December 13th.

Cenovus Energy Trading Down 0.5 %

TSE:CVE opened at C$21.42 on Wednesday. Cenovus Energy has a 52 week low of C$19.82 and a 52 week high of C$29.96. The firm has a 50-day moving average price of C$22.77 and a two-hundred day moving average price of C$24.74. The company has a debt-to-equity ratio of 33.34, a quick ratio of 1.00 and a current ratio of 1.66. The firm has a market cap of C$39.84 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 0.09 and a beta of 2.63.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CVE shares. Jefferies Financial Group reduced their target price on shares of Cenovus Energy from C$36.00 to C$33.00 and set a “buy” rating for the company in a research note on Monday, September 16th. TD Securities raised shares of Cenovus Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 3rd. National Bankshares cut their price target on Cenovus Energy from C$38.00 to C$31.00 in a report on Friday, September 27th. BMO Capital Markets decreased their price objective on Cenovus Energy from C$31.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Royal Bank of Canada dropped their price objective on Cenovus Energy from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$31.90.

Insider Activity

In other news, Senior Officer Geoffrey Murray bought 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were bought at an average cost of C$22.54 per share, with a total value of C$72,112.00. Also, Senior Officer Jonathan Michael Mckenzie purchased 100,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of C$22.25 per share, with a total value of C$2,225,000.00. In the last 90 days, insiders acquired 107,700 shares of company stock valued at $2,398,232. Corporate insiders own 32.03% of the company’s stock.

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.