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

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jeffery George Lawson acquired 5,000 shares of Cenovus Energy stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average price 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 purchased 4,600 shares of Cenovus Energy stock. The stock was bought 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 bought at an average price of C$22.50 per share, with a total value of C$90,000.00.

Cenovus Energy Price Performance

Shares of CVE opened at C$21.08 on Friday. The firm has a market capitalization of C$39.21 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 0.09 and a beta of 2.63. The firm’s fifty day simple moving average is C$22.09 and its 200-day simple moving average is C$24.15. Cenovus Energy Inc. has a twelve month low of C$19.82 and a twelve month high of C$29.96. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.18 per share. 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 28.69%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CVE. BMO Capital Markets lowered their price target on Cenovus Energy from C$28.00 to C$25.00 in a research report on Friday, December 13th. Jefferies Financial Group lowered their target price on Cenovus Energy from C$33.00 to C$32.00 and set a “buy” rating for the company in a report on Friday, December 20th. National Bankshares cut their price target on shares of Cenovus Energy from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. TD Securities dropped their price objective on shares of Cenovus Energy from C$31.00 to C$29.00 and set a “buy” rating for the company in a report on Friday, December 13th. Finally, Royal Bank of Canada reduced 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. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price 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.