Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) insider Ivor Melvin Ruste acquired 30,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average cost of C$12.47 per share, for a total transaction of C$374,100.00.
Shares of Cenovus Energy Inc (CVE) opened at C$11.87 on Thursday. Cenovus Energy Inc has a twelve month low of C$8.89 and a twelve month high of C$22.06.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, December 14th. Cenovus Energy’s dividend payout ratio (DPR) is presently 6.99%.
CVE has been the topic of a number of recent analyst reports. AltaCorp Capital lowered Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research note on Thursday, November 9th. CIBC boosted their target price on Cenovus Energy from C$14.50 to C$16.00 in a research report on Tuesday, November 14th. TD Securities upped their price objective on Cenovus Energy from C$12.50 to C$13.50 and gave the company a “hold” rating in a report on Friday, November 3rd. BMO Capital Markets upped their price objective on Cenovus Energy from C$12.00 to C$14.00 in a report on Friday, November 3rd. Finally, J P Morgan Chase & Co upped their price objective on Cenovus Energy from C$12.50 to C$14.00 in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$15.50.
About Cenovus Energy
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