Insider Buying: Cenovus Energy Inc. (TSE:CVE) Senior Officer Acquires 10,000 Shares of Stock

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

Cenovus Energy Trading Down 3.3 %

CVE stock traded down C$0.72 during trading on Friday, reaching C$20.93. 2,716,891 shares of the stock were exchanged, compared to its average volume of 4,824,899. The business has a 50 day moving average price of C$21.54 and a 200-day moving average price of C$22.77. 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 firm has a market capitalization of C$38.13 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 0.09 and a beta of 2.63. Cenovus Energy Inc. has a 1 year low of C$20.16 and a 1 year high of C$29.96.

Cenovus Energy Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Friday, December 13th. Cenovus Energy’s dividend payout ratio is currently 35.49%.

Wall Street Analyst Weigh In

CVE has been the topic of several research analyst reports. BMO Capital Markets decreased their price target on shares of Cenovus Energy from C$28.00 to C$25.00 in a report on Friday, December 13th. Jefferies Financial Group decreased their target price on Cenovus Energy from C$32.00 to C$30.00 in a report on Thursday, January 30th. National Bankshares reduced their price target on Cenovus Energy from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Royal Bank of Canada reduced their price target on Cenovus Energy from C$28.00 to C$26.00 in a report on Tuesday, January 14th. Finally, TD Securities reduced their price target on shares of 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat, Cenovus Energy currently has a consensus rating of “Buy” and a consensus price target of C$30.33.

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.