<div id="readability-page-1"><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/cenovus-energy-logo-1200x675.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="675" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/cenovus-energy-logo-1200x675.png"/>Cenovus Energy Inc. (TSE:CVE - Get Free Report) <span>NYSE: CVE<span></span></span> Senior Officer Joseph Drew Zieglgansberger sold 17,441 shares of the business's stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of C$28.25, for a total transaction of C$492,633.25.</p><div><p><span></span><span>Get <strong>Cenovus Energy</strong> alerts:</span></p></div><h2>Cenovus Energy Trading Down 0.1 %</h2><p>Cenovus Energy stock traded down C$0.02 during trading hours on Friday, hitting C$28.17. The company had a trading volume of 1,722,396 shares, compared to its average volume of 4,930,268. The firm has a market cap of C$52.68 billion, a P/E ratio of 11.32, a P/E/G ratio of 0.09 and a beta of 2.77. The company has a debt-to-equity ratio of 33.03, a quick ratio of 1.00 and a current ratio of 1.70. Cenovus Energy Inc. has a 1 year low of C$19.82 and a 1 year high of C$29.96. The company has a 50-day moving average price of C$28.17 and a two-hundred day moving average price of C$24.68. </p><p>Cenovus Energy (TSE:CVE - Get Free Report) <span>NYSE: CVE<span></span></span> last released its quarterly earnings data on Wednesday, May 1st. The company reported C$0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.47 by C$0.15. The company had revenue of C$13.40 billion during the quarter, compared to analysts' expectations of C$13.71 billion. Cenovus Energy had a net margin of 8.72% and a return on equity of 16.11%. On average, sell-side analysts anticipate that Cenovus Energy Inc. will post 2.7840467 earnings per share for the current year. </p><h2>Cenovus Energy Increases Dividend</h2><p>The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.72 annualized dividend and a dividend yield of 2.56%. This is a positive change from Cenovus Energy's previous quarterly dividend of $0.14. Cenovus Energy's payout ratio is currently 29.72%. </p><h2>Analyst Ratings Changes</h2><p>A number of analysts have recently weighed in on the stock. Desjardins boosted their target price on shares of Cenovus Energy from C$29.50 to C$31.50 and gave the stock a &#34;buy&#34; rating in a report on Tuesday, April 23rd. Raymond James set a C$33.00 target price on shares of Cenovus Energy and gave the stock an &#34;outperform&#34; rating in a report on Wednesday. Jefferies Financial Group lifted their price target on shares of Cenovus Energy from C$28.00 to C$36.00 and gave the stock a &#34;buy&#34; rating in a research note on Friday, April 12th. CIBC lifted their price target on shares of Cenovus Energy from C$31.00 to C$35.00 and gave the stock an &#34;outperform&#34; rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets lifted their price target on shares of Cenovus Energy from C$29.00 to C$33.00 in a research note on Thursday, March 28th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average target price of C$33.50.</p><p><b>View Our Latest Analysis on Cenovus Energy</b></p><h2>Cenovus Energy Company Profile</h2> (Get Free Report)<p>Cenovus Energy Inc, together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.</p><h2>Read More</h2><ul><li>Five stocks we like better than Cenovus Energy</li><li>What is a Stock Market Index and How Do You Use Them?</li><li>Foot Locker’s Quarter Sends Doubters Running</li><li>What is a Dividend Harvesting Strategy and How Can Investors Profit from it?</li><li>Costco Wholesale Can Hit New Highs; A Rebound Is Coming</li><li>Energy and Oil Stocks Explained</li><li>Chevron Eyes Hess, Exxon Resists: Here's the Trade</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PVRTRSZTeW1ib2w9Q1ZF?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PVRTRSZTeW1ib2w9Q1ZF"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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<p>Joseph Drew Zieglgansberger, a senior officer at Cenovus Energy Inc., sold 17,441 shares of the company's stock for a total value of C$492,633.25. The stock was sold at an average price of C$28.25.</p>

Joseph Drew Zieglgansberger Sells 17,441 Shares of Cenovus Energy Inc. (TSE:CVE) Stock