19 hours Ago By ABMN Staff
American Century Companies Inc. lifted its stake in shares of Cenovus Energy Inc. ( NYSE:CVE – Free Report ) (TSE:CVE) by 6.
7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 660,676 shares of the oil and gas company’s stock after purchasing an additional 41,361 shares during the period. American Century Companies Inc.
’s holdings in Cenovus Energy were worth $10,015,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds have also recently modified their holdings of CVE. Summit Global Investments increased its position in shares of Cenovus Energy by 66.
5% during the fourth quarter. Summit Global Investments now owns 131,460 shares of the oil and gas company’s stock worth $1,992,000 after purchasing an additional 52,508 shares in the last quarter. Northwest & Ethical Investments L.
P. grew its holdings in shares of Cenovus Energy by 56.1% during the fourth quarter.
Northwest & Ethical Investments L.P. now owns 219,683 shares of the oil and gas company’s stock worth $3,324,000 after buying an additional 78,981 shares in the last quarter.
Maryland State Retirement & Pension System raised its position in shares of Cenovus Energy by 4.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 259,125 shares of the oil and gas company’s stock valued at $3,926,000 after buying an additional 10,294 shares during the last quarter.
Tejara Capital Ltd purchased a new position in shares of Cenovus Energy in the fourth quarter worth about $697,000. Finally, Corient Private Wealth LLC boosted its position in Cenovus Energy by 33.6% during the fourth quarter.
Corient Private Wealth LLC now owns 69,627 shares of the oil and gas company’s stock worth $1,055,000 after acquiring an additional 17,529 shares during the last quarter. Institutional investors and hedge funds own 51.19% of the company’s stock.
Cenovus Energy Price Performance Shares of CVE opened at $14.05 on Thursday. The firm has a 50-day simple moving average of $14.
20 and a two-hundred day simple moving average of $15.37. The stock has a market cap of $25.
61 billion, a PE ratio of 11.61 and a beta of 1.99.
Cenovus Energy Inc. has a 1-year low of $12.08 and a 1-year high of $21.
90. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.
59 and a quick ratio of 0.95. Cenovus Energy Cuts Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st.
Shareholders of record on Friday, March 14th were paid a dividend of $0.1269 per share. The ex-dividend date of this dividend was Friday, March 14th.
This represents a $0.51 dividend on an annualized basis and a yield of 3.61%.
Cenovus Energy’s dividend payout ratio (DPR) is presently 40.50%. Wall Street Analyst Weigh In Several equities research analysts recently commented on the company.
StockNews.com cut Cenovus Energy from a “buy” rating to a “hold” rating in a report on Saturday, December 28th. Morgan Stanley reaffirmed an “overweight” rating on shares of Cenovus Energy in a research note on Wednesday, March 26th.
National Bank Financial lowered Cenovus Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, February 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price objective on shares of Cenovus Energy in a report on Wednesday.
Finally, Scotiabank raised shares of Cenovus Energy to a “strong-buy” rating in a research note on Wednesday, March 19th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.
00. View Our Latest Stock Report on CVE About Cenovus Energy ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding CVE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Cenovus Energy Inc. ( NYSE:CVE – Free Report ) (TSE:CVE). Receive News & Ratings for Cenovus Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cenovus Energy and related companies with MarketBeat.
com's FREE daily email newsletter ..
