Joseph Drew Zieglgansberger Sells 70,000 Shares of Cenovus Energy Inc. (TSE:CVE) Stock

Cenovus Energy Inc. (TSE:CVE – Get Rating) (NYSE:CVE) Senior Officer Joseph Drew Zieglgansberger sold 70,000 shares of the stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of C$26.00, for a total value of C$1,820,000.00. Following the sale, the insider now directly owns 65,307 shares of the company’s stock, valued at approximately C$1,697,982.

Joseph Drew Zieglgansberger also recently made the following trade(s):

• On Wednesday, May 18th, Joseph Drew Zieglgansberger sold 154,147 shares of Cenovus Energy stock. The stock was sold at an average price of C$26.97, for a total value of C$4,157,175.03.
• On Friday, April 8th, Joseph Drew Zieglgansberger sold 100 shares of Cenovus Energy stock. The stock was sold at an average price of C$21.40, for a total value of C$2,140.00.

Cenovus Energy stock opened at C$23.12 on Friday. The company has a debt-to-equity ratio of 59.74, a current ratio of 1.60 and a quick ratio of 1.03. Cenovus Energy Inc. has a one year low of C$9.23 and a one year high of C$31.19. The stock has a market capitalization of C$45.82 billion and a PE ratio of 26.23. The business’s fifty day moving average is C$26.23 and its 200 day moving average is C$21.25.

Cenovus Energy (TSE:CVE – Get Rating) (NYSE:CVE) last released its quarterly earnings data on Wednesday, April 27th. The company reported C$0.79 EPS for the quarter, missing the consensus estimate of C$0.81 by C($0.02). The company had revenue of C$17.96 billion during the quarter, compared to the consensus estimate of C$13.59 billion. As a group, sell-side analysts expect that Cenovus Energy Inc. will post 3.3746478 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This is a boost from Cenovus Energy’s previous quarterly dividend of $0.04. This represents a $0.42 annualized dividend and a dividend yield of 1.82%. Cenovus Energy’s dividend payout ratio (DPR) is 10.96%.

A number of analysts recently commented on CVE shares. National Bankshares dropped their price target on Cenovus Energy from C$35.00 to C$28.00 in a research note on Thursday, April 14th. JPMorgan Chase & Co. raised their price target on Cenovus Energy from C$29.00 to C$30.00 in a research note on Tuesday, April 12th. CIBC raised their price target on Cenovus Energy from C$30.00 to C$34.00 in a research note on Thursday, June 9th. ATB Capital raised their price target on Cenovus Energy from C$31.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Thursday, April 28th. Finally, BMO Capital Markets increased their price objective on Cenovus Energy from C$26.00 to C$30.00 in a report on Thursday, April 28th. Fifteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$26.24.

Cenovus Energy Company Profile (Get Rating)

Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail segments.

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