Cenovus Energy Inc. (TSE:CVE) Senior Officer Acquires C$105,832.00 in Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average cost of C$21.17 per share, with a total value of C$105,832.00.

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

• On Friday, December 13th, Jeffery George Lawson acquired 4,600 shares of Cenovus Energy stock. The shares were acquired at an average price of C$21.74 per share, with a total value of C$100,004.00.
• On Monday, September 30th, Jeffery George Lawson bought 4,000 shares of Cenovus Energy stock. The shares were acquired at an average price of C$22.50 per share, for a total transaction of C$90,000.00.

Cenovus Energy Trading Down 0.1 %

TSE:CVE traded down C$0.03 during midday trading on Friday, hitting C$21.08. The stock had a trading volume of 3,718,067 shares, compared to its average volume of 5,326,276. The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 33.34. The stock has a 50-day moving average of C$22.13 and a 200 day moving average of C$24.20. The company has a market capitalization of C$39.21 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 0.09 and a beta of 2.63. Cenovus Energy Inc. has a one year low of C$19.82 and a one year high of C$29.96.

Cenovus Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, December 13th. This represents a $0.72 annualized dividend and a dividend yield of 3.42%. Cenovus Energy’s dividend payout ratio is currently 28.69%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. National Bankshares decreased their price objective on Cenovus Energy from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Jefferies Financial Group cut their price objective on shares of Cenovus Energy from C$33.00 to C$32.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. TD Securities lowered their target price on shares of Cenovus Energy from C$31.00 to C$29.00 and set a “buy” rating for the company in a report on Friday, December 13th. Raymond James upped their price target on shares of Cenovus Energy from C$32.00 to C$33.00 in a report on Friday, December 13th. Finally, Royal Bank of Canada reduced their price objective on shares of Cenovus Energy from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$31.20.

About Cenovus Energy

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.