Patrick Darold Daniel Acquires 35,000 Shares of Cenovus Energy Inc (CVE) Stock
Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) Director Patrick Darold Daniel acquired 35,000 shares of the stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of C$13.97 per share, with a total value of C$488,950.00.
Shares of Cenovus Energy Inc (CVE) opened at C$14.33 on Wednesday. Cenovus Energy Inc has a 12-month low of C$8.89 and a 12-month high of C$22.06.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, December 14th.
Several research analysts have recently weighed in on CVE shares. National Bank Financial lowered their price objective on Cenovus Energy from C$11.50 to C$11.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 6th. Canaccord Genuity lifted their price objective on Cenovus Energy from C$14.00 to C$14.50 in a research report on Wednesday, September 6th. Raymond James Financial, Inc. lifted their price objective on Cenovus Energy to C$9.00 and gave the stock an “underperform” rating in a research report on Friday, July 28th. CIBC lowered their price objective on Cenovus Energy from C$13.00 to C$11.00 in a research report on Thursday, July 20th. Finally, J P Morgan Chase & Co lifted their price objective on Cenovus Energy from C$11.00 to C$11.50 in a research report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Cenovus Energy presently has a consensus rating of “Hold” and an average target price of C$15.85.
Cenovus Energy Company Profile
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