Cenovus Energy Inc. (TSE:CVE) Senior Officer Jonathan Michael Mckenzie Sells 180,180 Shares of Stock

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jonathan Michael Mckenzie sold 180,180 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of C$28.26, for a total transaction of C$5,091,508.42.

Jonathan Michael Mckenzie also recently made the following trade(s):

• On Friday, February 16th, Jonathan Michael Mckenzie purchased 50,000 shares of Cenovus Energy stock. The shares were bought at an average price of C$23.49 per share, with a total value of C$1,174,500.00.

Cenovus Energy Trading Up 0.8 %

Cenovus Energy stock opened at C$28.50 on Thursday. The company has a debt-to-equity ratio of 33.03, a quick ratio of 1.00 and a current ratio of 1.70. Cenovus Energy Inc. has a fifty-two week low of C$19.82 and a fifty-two week high of C$29.96. The stock has a market cap of C$53.30 billion, a P/E ratio of 11.78, a PEG ratio of 0.09 and a beta of 2.78. The firm’s fifty day moving average price is C$27.16 and its 200-day moving average price is C$24.48.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last announced its earnings results on Thursday, February 15th. The company reported C$0.39 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.33 by C$0.06. Cenovus Energy had a return on equity of 16.11% and a net margin of 8.72%. The business had revenue of C$13.13 billion for the quarter, compared to analyst estimates of C$13.06 billion. During the same period in the prior year, the company earned $0.39 EPS. Equities research analysts forecast that Cenovus Energy Inc. will post 2.7862823 earnings per share for the current fiscal year.

Cenovus Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.18 dividend. This is an increase from Cenovus Energy’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, May 16th. Cenovus Energy’s dividend payout ratio (DPR) is currently 30.58%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. BMO Capital Markets increased their price objective on Cenovus Energy from C$29.00 to C$33.00 in a report on Thursday, March 28th. TD Securities lifted their price objective on Cenovus Energy from C$30.00 to C$32.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. CIBC upped their price objective on shares of Cenovus Energy from C$31.00 to C$35.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Royal Bank of Canada lifted their target price on shares of Cenovus Energy from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group raised their price objective on shares of Cenovus Energy from C$28.00 to C$36.00 and gave the stock a “buy” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Cenovus Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$33.19.

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.