Cenovus Energy Inc. (TSE:CVE) Senior Officer John F. Soini Buys 4,104 Shares

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer John F. Soini bought 4,104 shares of Cenovus Energy stock in a transaction that occurred on Tuesday, March 18th. The shares were acquired at an average cost of C$19.48 per share, with a total value of C$79,945.92.

Cenovus Energy Price Performance

CVE stock opened at C$19.45 on Wednesday. The stock has a market capitalization of C$35.43 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.09 and a beta of 2.63. The firm has a 50-day simple moving average of C$20.72 and a 200-day simple moving average of C$21.93. 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$17.42 and a 52 week high of C$29.96.

Cenovus Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.70%. Cenovus Energy’s dividend payout ratio is currently 35.49%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Raymond James raised their target price on shares of Cenovus Energy from C$32.00 to C$33.00 in a report on Friday, December 13th. TD Securities cut their price objective on shares of Cenovus Energy from C$29.00 to C$28.00 and set a “buy” rating for the company in a report on Monday, February 24th. National Bank Financial cut shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. BMO Capital Markets cut their price objective on shares of Cenovus Energy from C$28.00 to C$25.00 in a report on Friday, December 13th. Finally, Royal Bank of Canada cut their price objective on shares of Cenovus Energy from C$28.00 to C$26.00 in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.89.

Cenovus Energy Company Profile

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.