Jeffery George Lawson Buys 10,000 Shares of Cenovus Energy Inc. (TSE:CVE) Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson purchased 10,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was purchased at an average price of C$21.39 per share, with a total value of C$213,900.00.

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

• On Friday, December 27th, Jeffery George Lawson purchased 5,000 shares of Cenovus Energy stock. The stock was purchased at an average price of C$21.17 per share, with a total value of C$105,832.00.
• On Friday, December 13th, Jeffery George Lawson bought 4,600 shares of Cenovus Energy stock. The shares were bought at an average price of C$21.74 per share, with a total value of C$100,004.00.

Cenovus Energy Price Performance

Cenovus Energy stock opened at C$20.75 on Friday. The company has a market cap of C$37.80 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.09 and a beta of 2.63. The firm’s fifty day moving average is C$21.54 and its 200 day moving average is C$22.77. The company has a quick ratio of 1.00, a current ratio of 1.59 and a debt-to-equity ratio of 33.59. Cenovus Energy Inc. has a 52-week low of C$20.16 and a 52-week high of C$29.96.

Cenovus Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Friday, December 13th. Cenovus Energy’s dividend payout ratio is currently 35.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. National Bank Financial lowered shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada dropped their target price on shares of Cenovus Energy from C$28.00 to C$26.00 in a research report on Tuesday, January 14th. Raymond James upped their target price on shares of Cenovus Energy from C$32.00 to C$33.00 in a research report on Friday, December 13th. TD Securities dropped 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 research report on Friday, December 13th. Finally, BMO Capital Markets dropped their target price on shares of Cenovus Energy from C$28.00 to C$25.00 in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$30.00.

About Cenovus Energy

Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.