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

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) Senior Officer Jonathan Michael Mckenzie sold 180,180 shares of Cenovus Energy stock in a transaction dated Wednesday, May 8th. The shares were 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 stock was purchased at an average price of C$23.49 per share, for a total transaction of C$1,174,500.00.

Cenovus Energy Stock Down 0.3 %

CVE stock opened at C$28.42 on Friday. The company has a debt-to-equity ratio of 33.03, a current ratio of 1.70 and a quick ratio of 1.00. The firm has a market cap of C$53.15 billion, a PE ratio of 11.74, a P/E/G ratio of 0.09 and a beta of 2.78. Cenovus Energy Inc. has a 12 month low of C$19.82 and a 12 month high of C$29.96. The firm has a 50 day simple moving average of C$27.25 and a 200 day simple moving average of C$24.51.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.39 earnings per share for the quarter, topping the consensus estimate of C$0.33 by C$0.06. The business had revenue of C$13.13 billion during the quarter, compared to analyst estimates of C$13.06 billion. Cenovus Energy had a return on equity of 16.11% and a net margin of 8.72%. During the same period last year, the company posted $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 disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.53%. The ex-dividend date is Thursday, May 16th. This is an increase from Cenovus Energy’s previous quarterly dividend of $0.14. Cenovus Energy’s payout ratio is presently 30.58%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CVE shares. Desjardins increased their price objective on Cenovus Energy from C$29.50 to C$31.50 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Royal Bank of Canada lifted their price objective on shares of Cenovus Energy from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. BMO Capital Markets increased their target price on shares of Cenovus Energy from C$29.00 to C$33.00 in a research report on Thursday, March 28th. Jefferies Financial Group boosted their price target on shares of Cenovus Energy from C$28.00 to C$36.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, Scotiabank lowered their price objective on shares of Cenovus Energy from C$31.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 16th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$33.19.

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.