Cenovus Energy Inc. (TSE:CVE) Senior Officer Buys C$99,313.20 in Stock

Cenovus Energy Inc. (TSE:CVE - Get Free Report) NYSE: CVE Senior Officer John F. Soini acquired 5,880 shares of the firm's stock in a transaction dated Wednesday, April 9th. The stock was purchased at an average cost of C$16.89 per share, with a total value of C$99,313.20.

John F. Soini also recently made the following trade(s):

• On Tuesday, March 18th, John F. Soini acquired 4,104 shares of Cenovus Energy stock. The stock was acquired at an average price of C$19.48 per share, for a total transaction of C$79,945.92.

Cenovus Energy Stock Performance

Shares of TSE:CVE traded up C$0.22 on Monday, reaching C$16.03. 6,174,790 shares of the company's stock were exchanged, compared to its average volume of 6,062,760. The company has a current ratio of 1.59, a quick ratio of 1.00 and a debt-to-equity ratio of 33.59. Cenovus Energy Inc. has a twelve month low of C$14.48 and a twelve month high of C$29.46. The company has a fifty day moving average of C$19.44 and a 200-day moving average of C$21.25. The company has a market capitalization of C$29.20 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 0.09 and a beta of 2.63.

Cenovus Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a dividend of $0.18 per share. The ex-dividend date was Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a yield of 4.49%. Cenovus Energy's dividend payout ratio (DPR) is presently 35.49%.

Analyst Upgrades and Downgrades

CVE has been the topic of a number of recent analyst reports. National Bank Financial lowered Cenovus Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. 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. National Bankshares lowered shares of Cenovus Energy from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from C$28.00 to C$25.00 in a research report on Friday, February 21st. Scotiabank raised shares of Cenovus Energy to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, TD Securities decreased their price target on shares of Cenovus Energy from C$29.00 to C$28.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$29.40.

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.