Cenovus Energy Inc. (TSE:CVE) Senior Officer Jeffery George Lawson Purchases 5,000 Shares

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson bought 5,000 shares of the stock in a transaction dated Friday, December 27th. The stock was bought at an average price of C$21.17 per share, with a total value of C$105,832.00.

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

• On Friday, December 13th, Jeffery George Lawson bought 4,600 shares of Cenovus Energy stock. The stock was purchased at an average cost of C$21.74 per share, with a total value of C$100,004.00.
• On Monday, September 30th, Jeffery George Lawson acquired 4,000 shares of Cenovus Energy stock. The stock was purchased at an average cost of C$22.50 per share, with a total value of C$90,000.00.

Cenovus Energy Stock Performance

Shares of CVE stock opened at C$21.08 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.00 and a debt-to-equity ratio of 33.34. Cenovus Energy Inc. has a 12-month low of C$19.82 and a 12-month high of C$29.96. The company has a market cap of C$39.21 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 0.09 and a beta of 2.63. The stock has a 50 day simple moving average of C$22.09 and a 200-day simple moving average of C$24.15.

Cenovus Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Friday, December 13th. Cenovus Energy’s dividend payout ratio (DPR) is currently 28.69%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Jefferies Financial Group reduced their price target on shares of Cenovus Energy from C$33.00 to C$32.00 and set a “buy” rating for the company in a research report on Friday, December 20th. National Bankshares decreased their target price on shares of Cenovus Energy from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. BMO Capital Markets dropped their price target on Cenovus Energy from C$28.00 to C$25.00 in a research report on Friday, December 13th. Royal Bank of Canada reduced their price objective on Cenovus Energy from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Raymond James lifted their target price on Cenovus Energy from C$32.00 to C$33.00 in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Cenovus Energy has an average rating of “Buy” and an average price target of C$31.20.

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.