Shares of Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) fell 4% on Monday . The company traded as low as C$12.92 and last traded at C$12.46. 2,546,305 shares were traded during mid-day trading, a decline of 33% from the average session volume of 3,780,579 shares. The stock had previously closed at C$12.98.

Several research firms have commented on CVE. National Bank Financial raised their target price on shares of Cenovus Energy from C$11.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Tuesday, September 26th. Barclays PLC raised their target price on shares of Cenovus Energy from C$15.00 to C$17.00 and gave the company an “overweight” rating in a research note on Tuesday, September 26th. Raymond James Financial, Inc. raised their target price on shares of Cenovus Energy to C$9.00 and gave the company an “underperform” rating in a research note on Friday, July 28th. Scotiabank cut shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating and set a C$14.00 target price on the stock. in a research note on Wednesday, November 15th. Finally, Canaccord Genuity raised their target price on shares of Cenovus Energy from C$14.00 to C$14.50 in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Cenovus Energy currently has a consensus rating of “Hold” and a consensus target price of C$15.50.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Thursday, December 14th. Cenovus Energy’s dividend payout ratio (DPR) is 6.99%.

In related news, Director Rhonda Ivy Zygocki acquired 7,200 shares of the stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average price of C$14.48 per share, for a total transaction of C$104,256.00. Also, Director Patrick Darold Daniel acquired 35,000 shares of the stock in a transaction dated Monday, November 6th. The stock was bought at an average price of C$13.97 per share, for a total transaction of C$488,950.00.

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Cenovus Energy Company Profile

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