President of Cenovus Energy Picks Up 12% More Stock

Simply Wall St.09-16

Cenovus Energy Inc. (TSE:CVE) shareholders (or potential shareholders) will be happy to see that the President, Jonathan McKenzie, recently bought a whopping CA$2.2m worth of stock, at a price of CA$...

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(TSE:CVE) shareholders (or potential shareholders) will be happy to see that the President, Jonathan McKenzie, recently bought a whopping CA$2.2m worth of stock, at a price of CA$...</p>\n\n<a href=\"https://finance.yahoo.com/news/president-cenovus-energy-picks-12-101236244.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>President of Cenovus Energy Picks Up 12% More Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPresident of Cenovus Energy Picks Up 12% More Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-16 18:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/president-cenovus-energy-picks-12-101236244.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cenovus Energy Inc. (TSE:CVE) shareholders (or potential shareholders) will be happy to see that the President, Jonathan McKenzie, recently bought a whopping CA$2.2m worth of stock, at a price of CA$...</p>\n\n<a href=\"https://finance.yahoo.com/news/president-cenovus-energy-picks-12-101236244.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/president-cenovus-energy-picks-12-101236244.html","article_id":"2467815478","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/VUxoyzpXa.XJhKBzwtZ.wg--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/5a12595fe0f9b8e2072084c2db6835b6"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2467815478","pubTimestamp":1726481556,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Cenovus Energy Inc.  shareholders  will be happy to see that the President, Jonathan McKenzie, recently bought a whopping CA$2.2m worth of stock, at a price of CA$22.25. Not only is that a big swing, but it increased their holding size by 12%, which is definitely great to see.Cenovus Energy Insider Transactions Over The Last Year. Happily, we note that in the last year insiders paid CA$11m for 463.95k shares. On the other hand they divested 389.65k shares, for CA$11m. Overall, Cenovus Energy insiders were net buyers during the last year. The chart below shows insider transactions  over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and p","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4201":"综合性石油与天然气企业","CVE":"Cenovus能源","BK4566":"资本集团"},"translate_title":"Cenovus Energy总裁增持12%股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVE":1},"content_text":"Cenovus Energy Inc. (TSE:CVE) shareholders (or potential shareholders) will be happy to see that the President, Jonathan McKenzie, recently bought a whopping CA$2.2m worth of stock, at a price of CA$22.25. Not only is that a big swing, but it increased their holding size by 12%, which is definitely great to see. \n View our latest analysis for Cenovus Energy \n Cenovus Energy Insider Transactions Over The Last Year \n The Executive VP & Chief Commercial Officer, Joseph Zieglgansberger, made the biggest insider sale in the last 12 months. That single transaction was for CA$11m worth of shares at a price of CA$28.25 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (CA$22.03). So it is hard to draw any strong conclusion from it. Joseph Zieglgansberger was the only individual insider to sell over the last year. \n Happily, we note that in the last year insiders paid CA$11m for 463.95k shares. On the other hand they divested 389.65k shares, for CA$11m. Overall, Cenovus Energy insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! \n\n\n\n  TSX:CVE Insider Trading Volume September 16th 2024\n \n\n Cenovus Energy is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. \n Insider Ownership Of Cenovus Energy \n I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.2% of Cenovus Energy shares, worth about CA$79m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. \n So What Do The Cenovus Energy Insider Transactions Indicate? \n The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Cenovus Energy we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. When we did our research, we found 2 warning signs for Cenovus Energy (1 is potentially serious!) that we believe deserve your full attention. \n But note: Cenovus Energy may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. \nFor the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2467815478"}