Cenovus Energy Inc (CVE) to Issue $0.05 Quarterly Dividend

Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) declared a quarterly dividend on Thursday, February 15th, RTT News reports. Stockholders of record on Thursday, March 15th will be paid a dividend of 0.05 per share on Thursday, March 29th. This represents a $0.20 annualized dividend and a dividend yield of 2.02%.

Cenovus Energy (TSE:CVE) opened at C$9.88 on Thursday. Cenovus Energy has a fifty-two week low of C$8.89 and a fifty-two week high of C$18.85. The company has a market cap of $12,140.00, a P/E ratio of 3.45 and a beta of 0.29.

Several brokerages have recently commented on CVE. TD Securities raised their target price on shares of Cenovus Energy from C$13.50 to C$14.00 and gave the stock a “hold” rating in a report on Friday, December 15th. National Bank Financial raised their target price on shares of Cenovus Energy from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 9th. Eight Capital set a C$15.00 target price on shares of Cenovus Energy and gave the stock a “neutral” rating in a report on Thursday, January 11th. JPMorgan Chase & Co. raised their target price on shares of Cenovus Energy from C$12.50 to C$14.00 in a report on Friday, November 3rd. Finally, CIBC raised their target price on shares of Cenovus Energy from C$14.50 to C$16.00 in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Cenovus Energy currently has an average rating of “Hold” and a consensus price target of C$15.40.

In other news, insider Ivor Melvin Ruste purchased 30,000 shares of Cenovus Energy stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of C$12.47 per share, for a total transaction of C$374,100.00. Also, Director Alex Pourbaix purchased 81,433 shares of Cenovus Energy stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average price of C$12.28 per share, for a total transaction of C$999,997.24.

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About Cenovus Energy

Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the U.S., as well as Corporate and Eliminations.

Dividend History for Cenovus Energy (TSE:CVE)

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