Cenovus Energy (TSE:CVE) Insider Jonathan Michael Mckenzie Sells 104,974 Shares of Stock

Posted by Geri Gentry on Aug 17th, 2026

Cenovus Energy Inc. (TSE:CVE – Get Free Report) (NYSE:CVE) insider Jonathan Michael Mckenzie sold 104,974 shares of Cenovus Energy stock in a transaction on Friday, August 14th. The shares were sold at an average price of C$43.49, for a total value of C$4,565,319.26. Following the completion of the sale, the insider directly owned 843,824 shares of the company’s stock, valued at C$36,697,905.76. The trade was a 11.06% decrease in their ownership of the stock.

Jonathan Michael Mckenzie also recently made the following trade(s):

On Wednesday, May 27th, Jonathan Michael Mckenzie sold 69,387 shares of Cenovus Energy stock. The stock was sold at an average price of C$39.51, for a total value of C$2,741,480.37.

Cenovus Energy Trading Up 3.2%

Cenovus Energy stock traded up C$1.39 during midday trading on Monday, reaching C$44.50. 2,854,564 shares of the stock traded hands, compared to its average volume of 7,691,538. The company has a 50-day simple moving average of C$38.59 and a two-hundred day simple moving average of C$36.10. Cenovus Energy Inc. has a 12-month low of C$20.47 and a 12-month high of C$44.53. The firm has a market cap of C$82.07 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 0.09 and a beta of 0.16. The company has a current ratio of 1.63, a quick ratio of 1.00 and a debt-to-equity ratio of 34.01.

Cenovus Energy (TSE:CVE – Get Free Report) (NYSE:CVE) last released its earnings results on Wednesday, July 29th. The company reported C$1.53 earnings per share for the quarter. The company had revenue of C$17.43 billion during the quarter. Cenovus Energy had a return on equity of 21.02% and a net margin of 12.37%. Research analysts expect that Cenovus Energy Inc. will post 2.2619279 earnings per share for the current fiscal year.

Cenovus Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Cenovus Energy’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 15th. Cenovus Energy’s dividend payout ratio (DPR) is presently 22.78%.

Analyst Upgrades and Downgrades

CVE has been the topic of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Cenovus Energy from C$45.00 to C$51.00 in a report on Thursday, July 30th. Royal Bank Of Canada boosted their price target on shares of Cenovus Energy from C$47.00 to C$51.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Raymond James Financial upped their price objective on Cenovus Energy from C$41.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Scotia increased their price objective on Cenovus Energy from C$38.00 to C$44.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 7th. Finally, Desjardins set a C$50.00 target price on Cenovus Energy and gave the company a “buy” rating in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$43.73.

Read Our Latest Stock Analysis on Cenovus Energy

Cenovus Energy Company Profile

(Get Free Report)

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.