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 purchased 4,104 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were acquired at an average price of C$19.48 per share, for a total transaction of C$79,945.92.

Cenovus Energy Stock Performance

Shares of CVE stock opened at C$19.45 on Wednesday. The firm’s 50 day moving average price is C$20.72 and its 200-day moving average price is C$21.93. The company has a debt-to-equity ratio of 33.59, a quick ratio of 1.00 and a current ratio of 1.59. Cenovus Energy Inc. has a one year low of C$17.42 and a one year high of C$29.96. The firm has a market cap 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.

Cenovus Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Royal Bank of Canada decreased their target price on shares of Cenovus Energy from C$28.00 to C$26.00 in a report on Tuesday, January 14th. National Bank Financial lowered shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. TD Securities decreased their target price on shares of Cenovus Energy from C$29.00 to C$28.00 and set a “buy” rating on the stock in a report on Monday, February 24th. BMO Capital Markets decreased their target price on shares of Cenovus Energy from C$28.00 to C$25.00 in a report on Friday, December 13th. Finally, Jefferies Financial Group decreased their target price on shares of Cenovus Energy from C$32.00 to C$30.00 in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cenovus Energy presently has an average rating of “Moderate Buy” and a consensus price target of C$29.89.

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.