1 day Ago By ABMN Staff
Cenovus Energy Inc. ( NYSE:CVE – Get Free Report ) (TSE:CVE) has been assigned an average rating of “Buy” from the four brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a buy recommendation.
The average 12 month price target among brokers that have covered the stock in the last year is $30.67. A number of brokerages recently weighed in on CVE.
StockNews.com lowered shares of Cenovus Energy from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. Scotiabank lowered their target price on Cenovus Energy from $35.
00 to $34.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Finally, Raymond James raised Cenovus Energy to a “moderate buy” rating in a research note on Tuesday, May 28th.
View Our Latest Report on CVE Cenovus Energy Stock Performance Cenovus Energy ( NYSE:CVE – Get Free Report ) (TSE:CVE) last issued its quarterly earnings data on Thursday, August 1st. The oil and gas company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.
52 by ($0.13). The company had revenue of $10.
88 billion for the quarter, compared to the consensus estimate of $9.78 billion. Cenovus Energy had a return on equity of 16.
61% and a net margin of 8.56%. On average, equities research analysts predict that Cenovus Energy will post 1.
85 EPS for the current fiscal year. Cenovus Energy Cuts Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a $0.
132 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.
53 dividend on an annualized basis and a yield of 3.18%. Cenovus Energy’s payout ratio is presently 29.
44%. Institutional Investors Weigh In On Cenovus Energy A number of institutional investors have recently made changes to their positions in CVE. Capital World Investors boosted its stake in Cenovus Energy by 5.
4% during the 4th quarter. Capital World Investors now owns 150,534,829 shares of the oil and gas company’s stock worth $2,508,185,000 after acquiring an additional 7,750,480 shares during the last quarter. Vanguard Group Inc.
raised its holdings in Cenovus Energy by 2.1% in the first quarter. Vanguard Group Inc.
now owns 48,563,284 shares of the oil and gas company’s stock worth $970,780,000 after purchasing an additional 1,008,341 shares during the period. TD Asset Management Inc boosted its position in shares of Cenovus Energy by 26.5% during the fourth quarter.
TD Asset Management Inc now owns 42,191,779 shares of the oil and gas company’s stock worth $706,503,000 after purchasing an additional 8,841,374 shares in the last quarter. Boston Partners grew its holdings in shares of Cenovus Energy by 29.0% in the 1st quarter.
Boston Partners now owns 37,540,511 shares of the oil and gas company’s stock valued at $750,435,000 after buying an additional 8,438,979 shares during the period. Finally, Capital International Investors increased its position in shares of Cenovus Energy by 216.3% in the 1st quarter.
Capital International Investors now owns 33,927,436 shares of the oil and gas company’s stock valued at $678,250,000 after buying an additional 23,202,018 shares in the last quarter. 51.19% of the stock is owned by institutional investors and hedge funds.
About Cenovus Energy ( Get 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. See Also 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 .
.
