Cenovus Energy Inc (CVE) Director Acquires C$324,000.00 in Stock

Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) Director Ian William Delaney acquired 25,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was purchased at an average price of C$12.96 per share, with a total value of C$324,000.00.

Ian William Delaney also recently made the following trade(s):

  • On Tuesday, May 16th, Ian William Delaney purchased 25,000 shares of Cenovus Energy stock. The shares were bought at an average price of C$13.44 per share, with a total value of C$336,000.00.
  • On Monday, May 15th, Ian William Delaney purchased 25,000 shares of Cenovus Energy stock. The shares were bought at an average price of C$13.44 per share, with a total value of C$336,000.00.
  • On Thursday, May 11th, Ian William Delaney acquired 25,000 shares of Cenovus Energy stock. The stock was acquired at an average cost of C$13.30 per share, with a total value of C$332,500.00.
  • On Tuesday, May 2nd, Ian William Delaney acquired 25,000 shares of Cenovus Energy stock. The stock was acquired at an average cost of C$13.48 per share, with a total value of C$337,000.00.
  • On Monday, May 1st, Ian William Delaney acquired 25,000 shares of Cenovus Energy stock. The stock was acquired at an average cost of C$13.56 per share, with a total value of C$339,000.00.

Cenovus Energy Inc (TSE:CVE) traded up 3.65% during mid-day trading on Friday, hitting $13.08. 3,110,956 shares of the stock were exchanged. The stock’s market capitalization is $10.90 billion. Cenovus Energy Inc has a 52 week low of $12.41 and a 52 week high of $22.06. The company has a 50-day moving average of $13.86 and a 200-day moving average of $17.51.

Insider Buying and Selling by Quarter for Cenovus Energy (TSE:CVE)

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.58%.

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Several research analysts recently commented on CVE shares. TD Securities raised shares of Cenovus Energy from a “hold” rating to a “buy” rating and cut their price objective for the stock from C$22.00 to C$21.00 in a report on Friday, March 24th. Scotiabank cut their price objective on shares of Cenovus Energy from C$21.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, April 7th. Royal Bank of Canada cut their price objective on shares of Cenovus Energy from C$25.00 to C$23.00 and set an “outperform” rating for the company in a report on Thursday, April 6th. Raymond James Financial, Inc. cut their price target on shares of Cenovus Energy from C$23.00 to C$18.00 and set a “market perform” rating for the company in a report on Thursday, March 30th. Finally, Desjardins cut their price target on shares of Cenovus Energy from C$24.00 to C$20.00 in a report on Friday, April 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$20.62.

About Cenovus Energy

Cenovus Energy Inc is a Canada-based integrated oil company. The Company is engaged in the business of developing, producing and marketing crude oil, natural gas liquids (NGL) and natural gas. Its segments include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations. Its Oil Sands segment includes the development and production of bitumen and natural gas in northeast Alberta.

12 Month Chart for TSE:CVE

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