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

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson bought 5,000 shares of the stock in a transaction on Friday, December 27th. The shares were bought at an average price of C$21.17 per share, for a total transaction of C$105,832.00.

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

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

Cenovus Energy Price Performance

CVE stock opened at C$21.08 on Monday. The stock has a market capitalization of C$39.21 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 0.09 and a beta of 2.63. The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 33.34. Cenovus Energy Inc. has a 52-week low of C$19.82 and a 52-week high of C$29.96. The stock’s fifty day simple moving average is C$22.09 and its 200-day simple moving average is C$24.15.

Cenovus Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CVE. BMO Capital Markets dropped their price target on Cenovus Energy from C$28.00 to C$25.00 in a research report on Friday, December 13th. Jefferies Financial Group reduced their price target on shares of Cenovus Energy from C$33.00 to C$32.00 and set a “buy” rating on the stock in a report on Friday, December 20th. National Bankshares dropped their price objective on shares of Cenovus Energy from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Royal Bank of Canada lowered their target price 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. Finally, Raymond James upped their price objective on Cenovus Energy from C$32.00 to C$33.00 in a research report on Friday, December 13th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$31.20.

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.