Insider Buying: Cenovus Energy Inc. (TSE:CVE) Senior Officer Purchases 4,600 Shares of Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson bought 4,600 shares of Cenovus Energy stock in a transaction on Friday, December 13th. The shares were acquired at an average price of C$21.74 per share, for a total transaction of C$100,004.00.

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

• On Monday, September 30th, Jeffery George Lawson acquired 4,000 shares of Cenovus Energy stock. The shares were bought at an average cost of C$22.50 per share, for a total transaction of C$90,000.00.

Cenovus Energy Price Performance

Shares of TSE:CVE opened at C$21.71 on Monday. The company has a debt-to-equity ratio of 33.34, a quick ratio of 1.00 and a current ratio of 1.66. 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 50-day simple moving average of C$22.71 and a 200-day simple moving average of C$24.60. The stock has a market capitalization of C$40.38 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.09 and a beta of 2.63.

Cenovus Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, December 13th. Cenovus Energy’s payout ratio is currently 28.69%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CVE. BMO Capital Markets lowered their target price on Cenovus Energy from C$28.00 to C$25.00 in a research note on Friday. TD Securities lowered their price objective 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. Royal Bank of Canada reduced their target price on shares of 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. National Bankshares lowered their target price on shares of Cenovus Energy from C$38.00 to C$31.00 in a research note on Friday, September 27th. Finally, Raymond James lifted their price target on Cenovus Energy from C$32.00 to C$33.00 in a report on Friday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$31.50.

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.