Cenovus Energy Inc. (TSE:CVE) Senior Officer Joseph Drew Zieglgansberger Sells 154,147 Shares

Cenovus Energy Inc. (TSE:CVEGet Rating) (NYSE:CVE) Senior Officer Joseph Drew Zieglgansberger sold 154,147 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of C$26.97, for a total value of C$4,157,175.03. Following the completion of the sale, the insider now directly owns 65,307 shares of the company’s stock, valued at approximately C$1,761,257.95.

Joseph Drew Zieglgansberger also recently made the following trade(s):

  • On Friday, April 8th, Joseph Drew Zieglgansberger sold 100 shares of Cenovus Energy stock. The stock was sold at an average price of C$21.40, for a total value of C$2,140.00.

Shares of Cenovus Energy stock opened at C$27.07 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 59.74. The company has a market cap of C$53.64 billion and a PE ratio of 28.26. The business has a 50 day moving average of C$22.43 and a 200 day moving average of C$19.13. Cenovus Energy Inc. has a 52 week low of C$9.23 and a 52 week high of C$27.25.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Tuesday, June 14th. This is an increase from Cenovus Energy’s previous quarterly dividend of $0.04. Cenovus Energy’s dividend payout ratio is currently 10.96%.

Several analysts have issued reports on CVE shares. JPMorgan Chase & Co. upped their target price on Cenovus Energy from C$29.00 to C$30.00 in a research note on Tuesday, April 12th. Citigroup upped their target price on Cenovus Energy from C$17.00 to C$21.00 and gave the stock a “buy” rating in a research note on Thursday, January 27th. CIBC boosted their price objective on Cenovus Energy from C$28.00 to C$30.00 in a research report on Thursday, April 14th. National Bankshares lowered their price objective on Cenovus Energy from C$35.00 to C$28.00 in a research report on Thursday, April 14th. Finally, ATB Capital boosted their price objective on Cenovus Energy from C$31.00 to C$33.00 and gave the company an “outperform” rating in a research report on Thursday, April 28th. Fifteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$24.33.

About Cenovus Energy (Get Rating)

Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments.

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