Jeffery George Lawson Acquires 4,000 Shares of Cenovus Energy Inc. (TSE:CVE) Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson bought 4,000 shares of the stock in a transaction dated Monday, September 30th. The shares were purchased at an average cost of C$22.50 per share, for a total transaction of C$90,000.00.

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

• On Tuesday, September 10th, Jeffery George Lawson bought 9,000 shares of Cenovus Energy stock. The shares were purchased at an average cost of C$21.92 per share, for a total transaction of C$197,280.00.
• On Thursday, August 15th, Jeffery George Lawson bought 3,500 shares of Cenovus Energy stock. The shares were purchased at an average cost of C$27.21 per share, for a total transaction of C$95,235.00.
• On Monday, August 12th, Jeffery George Lawson bought 7,500 shares of Cenovus Energy stock. The shares were purchased at an average cost of C$25.98 per share, for a total transaction of C$194,850.00.

Cenovus Energy Stock Performance

Cenovus Energy stock opened at C$23.16 on Wednesday. The firm has a 50 day simple moving average of C$24.74 and a 200-day simple moving average of C$26.47. 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 debt-to-equity ratio of 33.34, a current ratio of 1.66 and a quick ratio of 1.00. The stock has a market cap of C$43.08 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 0.09 and a beta of 2.67.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.53 earnings per share for the quarter, missing the consensus estimate of C$0.72 by C($0.19). Cenovus Energy had a net margin of 8.54% and a return on equity of 16.69%. The firm had revenue of C$14.89 billion during the quarter, compared to analysts’ expectations of C$13.44 billion. On average, analysts expect that Cenovus Energy Inc. will post 2.0660125 EPS for the current year.

Cenovus Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a dividend of $0.18 per share. The ex-dividend date was Friday, September 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.11%. Cenovus Energy’s payout ratio is currently 28.69%.

Analyst Ratings Changes

CVE has been the topic of several recent analyst reports. Scotiabank lowered their target price on shares of Cenovus Energy from C$35.00 to C$34.00 in a research note on Friday, July 12th. Royal Bank of Canada reduced their price target on shares of Cenovus Energy from C$33.00 to C$29.00 in a research report on Tuesday, September 17th. Desjardins upped their price target on shares of Cenovus Energy from C$31.50 to C$33.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group reduced their price target on shares of Cenovus Energy from C$36.00 to C$33.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Finally, TD Securities reduced their price target on shares of Cenovus Energy from C$33.00 to C$31.00 and set a “hold” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$32.92.

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.