John F. Soini Purchases 4,104 Shares of Cenovus Energy Inc. (TSE:CVE) Stock

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

Cenovus Energy Stock Up 0.1 %

Shares of TSE:CVE traded up C$0.01 during midday trading on Tuesday, hitting C$19.46. 1,370,110 shares of the stock were exchanged, compared to its average volume of 5,750,893. The company has a market capitalization of C$35.45 billion, a PE ratio of 9.59, a P/E/G ratio of 0.09 and a beta of 2.63. The business’s fifty day simple moving average is C$20.78 and its two-hundred day simple moving average is C$21.98. Cenovus Energy Inc. has a 52-week low of C$17.42 and a 52-week high of C$29.96. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

CVE has been the subject of several research analyst reports. Royal Bank of Canada reduced their price objective on shares of Cenovus Energy from C$28.00 to C$26.00 in a report on Tuesday, January 14th. National Bank Financial cut shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 20th. TD Securities lowered their price objective on shares of Cenovus Energy from C$29.00 to C$28.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. BMO Capital Markets cut their target price on Cenovus Energy from C$28.00 to C$25.00 in a research report on Friday, December 13th. Finally, National Bankshares lowered Cenovus Energy from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$28.00 to C$25.00 in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.