Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) declared a quarterly dividend on Tuesday, October 30th, Zacks reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.05 per share on Monday, December 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, December 13th.
Shares of CVE traded down C$0.07 during trading hours on Friday, hitting C$10.16. The company had a trading volume of 6,116,800 shares, compared to its average volume of 4,576,986. The company has a quick ratio of 0.80, a current ratio of 1.26 and a debt-to-equity ratio of 52.75. Cenovus Energy has a 52-week low of C$9.02 and a 52-week high of C$14.84.
Cenovus Energy (TSE:CVE) (NYSE:CVE) last posted its quarterly earnings results on Wednesday, October 31st. The company reported C($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.42). The firm had revenue of C$6.14 billion during the quarter, compared to analysts’ expectations of C$5.77 billion. As a group, equities research analysts expect that Cenovus Energy will post 0.879999954243271 EPS for the current fiscal year.
In other news, insider Jonathan Michael Mckenzie purchased 25,000 shares of the business’s stock in a transaction on Wednesday, November 21st. The stock was acquired at an average cost of C$10.23 per share, for a total transaction of C$255,750.00. Also, Director Richard Joseph Marcogliese purchased 5,000 shares of the business’s stock in a transaction on Monday, November 26th. The shares were purchased at an average price of C$7.10 per share, with a total value of C$35,500.00. In the last three months, insiders acquired 32,121 shares of company stock valued at $311,251.
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Cenovus Energy Company Profile
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 and natural gas in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as projects in the early stages of development, such as Telephone Lake.
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