Jeffery George Lawson Acquires 5,000 Shares of Cenovus Energy Inc. (TSE:CVE) Stock

Cenovus Energy Inc. (TSE:CVE - Get Free Report) NYSE: CVE Senior Officer Jeffery George Lawson purchased 5,000 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average cost of C$21.17 per share, for a total transaction 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, for a total transaction of C$100,004.00.
• On Monday, September 30th, Jeffery George Lawson bought 4,000 shares of Cenovus Energy stock. The stock was purchased at an average cost of C$22.50 per share, for a total transaction of C$90,000.00.

Cenovus Energy Trading Down 0.1 %

TSE:CVE traded down C$0.03 during mid-day trading on Friday, hitting C$21.08. 3,718,067 shares of the company's stock were exchanged, compared to its average volume of 5,326,276. The company has a 50 day simple moving average of C$22.13 and a 200-day simple moving average of C$24.20. 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 fifty-two week low of C$19.82 and a fifty-two week high of C$29.96. The firm has a market capitalization of C$39.21 billion, a P/E ratio of 8.40, a PEG ratio of 0.09 and a beta of 2.63.

Cenovus Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.18 per share. The ex-dividend date is Friday, December 13th. This represents a $0.72 annualized dividend and a yield of 3.42%. Cenovus Energy's dividend payout ratio is presently 28.69%.

Analyst Upgrades and Downgrades

Several research firms have commented on CVE. Raymond James raised their target price on shares of Cenovus Energy from C$32.00 to C$33.00 in a report on Friday, December 13th. Royal Bank of Canada decreased 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. TD Securities decreased their target price on shares of Cenovus Energy from C$31.00 to C$29.00 and set a "buy" rating on the stock in a report on Friday, December 13th. 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. Finally, Jefferies Financial Group decreased their price target on shares of Cenovus Energy from C$33.00 to C$32.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$31.20.

About Cenovus Energy

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.