Cenovus Energy Inc. (TSE:CVE) Senior Officer Acquires C$213,900.00 in Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson purchased 10,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was bought 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 bought 5,000 shares of Cenovus Energy stock. The shares were acquired 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 acquired at an average price of C$21.74 per share, with a total value of C$100,004.00.

Cenovus Energy Stock Performance

CVE stock opened at C$20.75 on Friday. Cenovus Energy Inc. has a 12-month low of C$20.16 and a 12-month high of C$29.96. The company has a current ratio of 1.59, a quick ratio of 1.00 and a debt-to-equity ratio of 33.59. The stock’s 50 day simple moving average is C$21.52 and its 200 day simple moving average is C$22.72. The firm has a market cap of C$37.80 billion, a P/E ratio of 10.23, a P/E/G ratio of 0.09 and a beta of 2.63.

Cenovus Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CVE. National Bankshares cut Cenovus Energy from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$28.00 to C$25.00 in a research note on Friday. TD Securities reduced their target price on Cenovus Energy from C$31.00 to C$29.00 and set a “buy” rating for the company in a research note on Friday, December 13th. Royal Bank of Canada reduced their target price on Cenovus Energy from C$28.00 to C$26.00 in a research note on Tuesday, January 14th. National Bank Financial cut Cenovus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Jefferies Financial Group dropped their price target on Cenovus Energy from C$32.00 to C$30.00 in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$30.00.

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.