Cenovus Energy (TSE:CVE) Insider Susan Mary Anderson-Olney Sells 21,146 Shares

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) insider Susan Mary Anderson-Olney sold 21,146 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$41.81, for a total value of C$884,114.26. Following the completion of the sale, the insider directly owned 33,275 shares in the company, valued at C$1,391,227.75. The trade was a 38.86% decrease in their ownership of the stock.

Susan Mary Anderson-Olney also recently made the following trade(s):

• On Friday, May 15th, Susan Mary Anderson-Olney sold 19,379 shares of Cenovus Energy stock. The shares were sold at an average price of C$41.84, for a total value of C$810,817.36.
• On Monday, May 11th, Susan Mary Anderson-Olney sold 18,913 shares of Cenovus Energy stock. The stock was sold at an average price of C$39.85, for a total value of C$753,683.05.
• On Monday, May 11th, Susan Mary Anderson-Olney sold 37,072 shares of Cenovus Energy stock. The stock was sold at an average price of C$39.85, for a total value of C$1,477,319.20.

Cenovus Energy Trading Up 2.6%

Shares of CVE stock traded up C$1.06 during trading hours on Friday, reaching C$42.41. The company’s stock had a trading volume of 4,696,290 shares, compared to its average volume of 9,086,890. The company has a current ratio of 1.57, a quick ratio of 1.00 and a debt-to-equity ratio of 42.29. Cenovus Energy Inc. has a one year low of C$17.61 and a one year high of C$42.41. The stock has a market capitalization of C$79.09 billion, a P/E ratio of 16.90, a P/E/G ratio of 0.09 and a beta of 0.23. The firm’s fifty day simple moving average is C$36.01 and its 200 day simple moving average is C$29.30.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last announced its earnings results on Wednesday, May 6th. The company reported C$0.84 EPS for the quarter. Cenovus Energy had a return on equity of 15.23% and a net margin of 9.52%.The company had revenue of C$12.36 billion during the quarter. Equities research analysts expect that Cenovus Energy Inc. will post 2.2619279 EPS for the current year.

Cenovus Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.20 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.80 annualized dividend and a yield of 1.9%. Cenovus Energy’s dividend payout ratio is 31.87%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CVE shares. TD Securities lifted their target price on shares of Cenovus Energy from C$28.00 to C$35.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Royal Bank Of Canada increased their price target on shares of Cenovus Energy from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. TD lifted their price objective on Cenovus Energy from C$35.00 to C$45.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Jefferies Financial Group upped their target price on Cenovus Energy from C$30.00 to C$37.00 in a report on Monday, March 16th. Finally, Morgan Stanley decreased their target price on Cenovus Energy from C$31.00 to C$29.00 in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Cenovus Energy presently has a consensus rating of “Buy” and an average price target of C$39.64.

Cenovus Energy Company Profile

Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.