Insider Buying: Cenovus Energy Inc. Senior Officer Purchases 5,000 Shares

Cenovus Energy Inc. (TSE:CVE - Get Free Report) is in the news as Karamjit Singh Sandhar, a senior officer at the company, has recently purchased 5,000 shares of its stock. This transaction took place on Wednesday, February 26th. The shares were acquired at an average price of C$20.05 each, amounting to a total investment of C$100,250.00.

Cenovus Energy Share Performance

On the day of the transaction, Cenovus Energy's shares experienced a decline of 1.0%, trading down C$0.20 to close at C$19.93. The trading volume for the company was 2,658,473 shares, which is lower than its typical volume of 4,913,960 shares. The company's market capitalization stands at C$36.30 billion, with a price-to-earnings ratio of 9.82. Cenovus Energy also has a solid financial standing, reflected in its quick ratio of 1.00, a current ratio of 1.59, and a debt-to-equity ratio of 33.59. Over the past year, the company's stock has seen a low of C$19.80 and a high of C$29.96. Additionally, the fifty-day simple moving average sits at C$21.48, while the two-hundred day moving average is at C$22.67.

Dividend Information

Cenovus Energy has also made headlines with a recent dividend announcement. The company declared a quarterly dividend that was paid out on Tuesday, December 31st. Shareholders on record as of that date received a dividend of $0.18 per share. The ex-dividend date was set for Friday, December 13th. This dividend translates into an annual payout of $0.72 and represents a yield of 3.61%. The current dividend payout ratio stands at 35.49%.

Analyst Recommendations

Analyst activity surrounding Cenovus Energy has been notable recently. Various brokerages have provided updates on the stock. National Bank Financial downgraded the shares from a