Cenovus Energy Inc. (TSE:CVE) Senior Officer Jeffery George Lawson Purchases 4,600 Shares

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson acquired 4,600 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was purchased at an average price of C$21.74 per share, with a total value of C$100,004.00.

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

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

Cenovus Energy Price Performance

Shares of TSE:CVE traded up C$0.40 on Friday, hitting C$21.71. The company’s stock had a trading volume of 4,357,623 shares, compared to its average volume of 5,309,122. The company has a market capitalization of C$40.38 billion, a PE ratio of 8.64, a PEG ratio of 0.09 and a beta of 2.63. The company has a debt-to-equity ratio of 33.34, a current ratio of 1.66 and a quick ratio of 1.00. The company has a 50-day simple moving average of C$22.74 and a 200 day simple moving average of C$24.66. Cenovus Energy Inc. has a 1 year low of C$19.82 and a 1 year high of C$29.96.

Cenovus Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. National Bankshares cut their price target on shares of Cenovus Energy from C$38.00 to C$31.00 in a report on Friday, September 27th. Jefferies Financial Group reduced their price objective on Cenovus Energy from C$36.00 to C$33.00 and set a “buy” rating for the company in a report on Monday, September 16th. BMO Capital Markets dropped their price target on Cenovus Energy from C$28.00 to C$25.00 in a research report on Friday. Royal Bank of Canada lowered 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. Finally, Raymond James lifted their price target on Cenovus Energy from C$32.00 to C$33.00 in a research report on Friday. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target 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.