Cenovus Energy Inc. (TSE:CVE) Senior Officer Jeffery George Lawson Acquires 5,000 Shares

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 purchased at an average cost 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 shares were purchased 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 purchased at an average price of C$22.50 per share, with a total value of C$90,000.00.

Cenovus Energy Trading Down 0.1 %

TSE:CVE opened at C$21.08 on Monday. The stock has a market cap 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. Cenovus Energy Inc. has a one year low of C$19.82 and a one year high of C$29.96. 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 business’s 50-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 announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Friday, December 13th. Cenovus Energy’s payout ratio is 28.69%.

Analyst Ratings Changes

Several research firms recently commented on CVE. Royal Bank of Canada reduced their price target 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. Jefferies Financial Group reduced their target price 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. BMO Capital Markets cut their price objective on Cenovus Energy from C$28.00 to C$25.00 in a research report on Friday, December 13th. TD Securities decreased their target price on Cenovus Energy from C$31.00 to C$29.00 and set a “buy” rating for the company in a research report on Friday, December 13th. Finally, Raymond James raised their target price on Cenovus Energy from C$32.00 to C$33.00 in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus 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.