Cenovus Energy Inc (CVE) Director Alex Pourbaix Acquires 81,433 Shares
Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) Director Alex Pourbaix bought 81,433 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was acquired at an average price of C$12.28 per share, for a total transaction of C$999,997.24.
Shares of Cenovus Energy Inc (TSE CVE) traded down C$0.21 during trading hours on Wednesday, hitting C$12.28. The stock had a trading volume of 4,142,757 shares, compared to its average volume of 3,784,465. Cenovus Energy Inc has a one year low of C$8.89 and a one year high of C$22.06.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, December 14th. Cenovus Energy’s payout ratio is 6.99%.
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Several research firms have recently weighed in on CVE. National Bank Financial boosted their price target on Cenovus Energy to C$11.50 in a report on Friday, July 28th. BMO Capital Markets lifted their price objective on Cenovus Energy from C$12.00 to C$14.00 in a research note on Friday, November 3rd. J P Morgan Chase & Co lifted their price objective on Cenovus Energy from C$12.50 to C$14.00 in a research note on Friday, November 3rd. Canaccord Genuity lifted their price objective on Cenovus Energy from C$14.50 to C$15.00 in a research note on Tuesday, September 26th. Finally, CIBC lifted their price objective on Cenovus Energy from C$12.50 to C$14.50 in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$15.50.
Cenovus Energy Company Profile
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