Cenovus Energy Inc. (CVE) To Go Ex-Dividend on March 13th

Cenovus Energy Inc. (TSE:CVE) (NYSE:CVE) declared a quarterly dividend on Friday, March 13th, TickerTech Dividends reports. Investors of record on Tuesday, March 31st will be paid a dividend of 0.20 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, March 13th.

Cenovus Energy Stock Performance

CVE stock traded up C$1.14 during mid-day trading on Wednesday, hitting C$31.91. 6,163,893 shares of the company were exchanged, compared to its average volume of 9,893,056. Cenovus Energy has a 1-year low of C$14.48 and a 1-year high of C$32.62. The stock has a market capitalization of C$59.97 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 0.09 and a beta of 0.63. The business has a 50 day simple moving average of C$27.42 and a 200-day simple moving average of C$25.20. The company has a current ratio of 1.57, a quick ratio of 1.00 and a debt-to-equity ratio of 53.80.

Cenovus Energy (TSE:CVE) (NYSE:CVE) last announced its earnings results on Thursday, February 19th. The company reported C$0.50 earnings per share for the quarter. Cenovus Energy had a return on equity of 13.16% and a net margin of 7.91%.The company had revenue of C$10.88 billion for the quarter. On average, equities analysts forecast that Cenovus Energy will post 2.2619279 earnings per share for the current year.

Insider Transactions at Cenovus Energy

In other news, Director Michael John Crothers bought 2,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were purchased at an average cost of C$24.23 per share, with a total value of C$48,460.00. Following the acquisition, the director directly owned 8,000 shares in the company, valued at C$193,840. This represents a 33.33% increase in their ownership of the stock. 32.03% of the stock is owned by insiders.

About Cenovus Energy

Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 472 thousand barrels of oil equivalent per day in 2020, and the company estimates that it holds 6.7 billion boe of proven and probable reserves.