Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) insider Ivor Melvin Ruste bought 30,000 shares of Cenovus Energy stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of C$12.47 per share, with a total value of C$374,100.00.

Shares of Cenovus Energy Inc (TSE:CVE) traded down C$0.21 on Tuesday, hitting C$12.28. 4,142,757 shares of the company traded hands, compared to its average volume of 3,784,465. Cenovus Energy Inc has a fifty-two week low of C$8.89 and a fifty-two week high of C$22.06.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend 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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CVE has been the subject of several analyst reports. National Bank Financial increased their price target on shares of Cenovus Energy to C$11.50 in a report on Friday, July 28th. BMO Capital Markets upped their target price on shares of Cenovus Energy from C$12.00 to C$14.00 in a research report on Friday, November 3rd. J P Morgan Chase & Co upped their target price on shares of Cenovus Energy from C$12.50 to C$14.00 in a research report on Friday, November 3rd. Canaccord Genuity upped their target price on shares of Cenovus Energy from C$14.50 to C$15.00 in a research report on Tuesday, September 26th. Finally, CIBC upped their target price on shares of Cenovus Energy from C$12.50 to C$14.50 in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Cenovus Energy has a consensus rating of “Hold” and an average target price of C$15.50.

Cenovus Energy Company Profile

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

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