Cenovus Energy Inc (TSE:CVE) Insider Buys C$374,100.00 in Stock

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.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://www.thelincolnianonline.com/2017/12/07/insider-buying-cenovus-energy-inc-cve-insider-acquires-30000-shares-of-stock-updated-updated.html.

About Cenovus Energy

Insider Buying and Selling by Quarter for Cenovus Energy (TSE:CVE)

Receive News & Ratings for Cenovus Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cenovus Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply