Jeffery George Lawson Acquires 4,600 Shares of Cenovus Energy Inc. (TSE:CVE) Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson purchased 4,600 shares of Cenovus Energy stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of C$21.74 per share, for a total transaction of C$100,004.00.

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

• On Monday, September 30th, Jeffery George Lawson purchased 4,000 shares of Cenovus Energy stock. The shares were purchased at an average price of C$22.50 per share, with a total value of C$90,000.00.

Cenovus Energy Trading Up 1.9 %

Cenovus Energy stock opened at C$21.71 on Friday. Cenovus Energy Inc. has a 52 week low of C$19.82 and a 52 week high of C$29.96. The company has a debt-to-equity ratio of 33.34, a quick ratio of 1.00 and a current ratio of 1.66. The firm has a market capitalization of C$40.38 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 0.09 and a beta of 2.63. The company has a 50 day moving average price of C$22.74 and a 200 day moving average price of C$24.66.

Cenovus Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.32%. Cenovus Energy’s dividend payout ratio is 28.69%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CVE. TD Securities cut their target price on Cenovus Energy from C$31.00 to C$29.00 and set a “buy” rating on the stock in a research note on Friday. Raymond James increased their target price on shares of Cenovus Energy from C$32.00 to C$33.00 in a research report on Friday. Royal Bank of Canada reduced their price target on shares of 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. Jefferies Financial Group decreased their price target on Cenovus Energy from C$36.00 to C$33.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Finally, National Bankshares decreased their target price on Cenovus Energy from C$38.00 to C$31.00 in a research note on Friday, September 27th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Cenovus Energy presently has an average rating of “Buy” and a consensus price target of C$31.50.

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.