Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) declared a quarterly dividend on Wednesday, February 12th, Zacks reports. Investors of record on Friday, March 13th will be paid a dividend of 0.063 per share on Tuesday, March 31st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, March 12th. This is a boost from Cenovus Energy’s previous quarterly dividend of $0.06.

Shares of TSE CVE opened at C$11.94 on Friday. The company has a debt-to-equity ratio of 46.38, a quick ratio of 0.60 and a current ratio of 1.12. Cenovus Energy has a 52 week low of C$10.29 and a 52 week high of C$14.31. The stock has a market capitalization of $14.80 billion and a P/E ratio of 20.41. The stock’s fifty day moving average is C$12.36 and its 200 day moving average is C$12.02.

In other news, Director Keith A.J. Macphail purchased 20,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of C$13.08 per share, with a total value of C$261,600.00. Following the completion of the purchase, the director now owns 222,000 shares of the company’s stock, valued at approximately C$2,903,760.

A number of research analysts recently commented on the company. TD Securities decreased their price target on Cenovus Energy from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley cut Cenovus Energy from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, October 23rd. Tudor Pickering & Holt set a C$14.00 target price on Cenovus Energy and gave the company a “buy” rating in a research report on Wednesday. Scotiabank decreased their target price on Cenovus Energy from C$15.00 to C$14.50 in a research report on Tuesday, January 14th. Finally, Raymond James reiterated a “market perform” rating and issued a C$14.50 target price on shares of Cenovus Energy in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$14.94.

About Cenovus Energy

Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake.

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Dividend History for Cenovus Energy (TSE:CVE)

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