Cenovus Energy Inc. (TSE:CVE) Senior Officer Jeffery George Lawson Buys 10,000 Shares of Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson bought 10,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was purchased 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 bought 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 acquired 4,600 shares of Cenovus Energy stock. The shares were bought at an average cost of C$21.74 per share, with a total value of C$100,004.00.

Cenovus Energy Stock Performance

Shares of TSE CVE opened at C$20.75 on Friday. The firm has a 50 day moving average of C$21.54 and a 200 day moving average 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$37.80 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 0.09 and a beta of 2.63. Cenovus Energy Inc. has a 12-month low of C$20.16 and a 12-month high of C$29.96.

Cenovus Energy Dividend Announcement

The company 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. The ex-dividend date was Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.47%. Cenovus Energy’s payout ratio is currently 35.49%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CVE shares. BMO Capital Markets decreased their price objective on shares of Cenovus Energy from C$28.00 to C$25.00 in a report on Friday, December 13th. National Bank Financial cut shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday. National Bankshares cut shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$28.00 to C$25.00 in a report on Friday. Royal Bank of Canada decreased their price objective on shares of Cenovus Energy from C$28.00 to C$26.00 in a report on Tuesday, January 14th. Finally, Jefferies Financial Group decreased their price objective on shares of Cenovus Energy from C$32.00 to C$30.00 in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$30.00.

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.