3 days Ago By ABMN Staff
CIBC Private Wealth Group LLC lifted its stake in Cenovus Energy Inc. ( NYSE:CVE – Free Report ) (TSE:CVE) by 177.4% during the fourth quarter, Holdings Channel reports.
The institutional investor owned 11,991 shares of the oil and gas company’s stock after acquiring an additional 7,669 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Cenovus Energy were worth $184,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock.
Amundi boosted its stake in shares of Cenovus Energy by 1.7% during the 4th quarter. Amundi now owns 4,678,976 shares of the oil and gas company’s stock worth $71,775,000 after acquiring an additional 77,548 shares in the last quarter.
Alberta Investment Management Corp boosted its position in Cenovus Energy by 10.1% during the fourth quarter. Alberta Investment Management Corp now owns 4,494,400 shares of the oil and gas company’s stock worth $68,094,000 after purchasing an additional 411,000 shares in the last quarter.
Raymond James Financial Inc. acquired a new stake in Cenovus Energy in the fourth quarter valued at approximately $3,649,000. Assenagon Asset Management S.
A. increased its position in shares of Cenovus Energy by 1,289.9% in the fourth quarter.
Assenagon Asset Management S.A. now owns 430,781 shares of the oil and gas company’s stock valued at $6,526,000 after buying an additional 399,787 shares in the last quarter.
Finally, Korea Investment CORP raised its stake in shares of Cenovus Energy by 67.5% during the 4th quarter. Korea Investment CORP now owns 1,517,768 shares of the oil and gas company’s stock worth $22,996,000 after buying an additional 611,400 shares during the period.
51.19% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several equities research analysts recently commented on CVE shares.
National Bank Financial lowered shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a report on Friday, February 21st. Scotiabank upgraded shares of Cenovus Energy to a “strong-buy” rating in a research report on Wednesday, March 19th. StockNews.
com cut Cenovus Energy from a “buy” rating to a “hold” rating in a report on Saturday, December 28th. Morgan Stanley reissued an “overweight” rating on shares of Cenovus Energy in a report on Wednesday, March 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $25.
00 price target on shares of Cenovus Energy in a research note on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.
com, Cenovus Energy has an average rating of “Moderate Buy” and an average price target of $29.00. Cenovus Energy Stock Down 12.
7 % CVE stock opened at $11.25 on Monday. The company has a current ratio of 1.
59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24.
The firm has a 50-day moving average of $14.09 and a two-hundred day moving average of $15.30.
Cenovus Energy Inc. has a 12 month low of $10.78 and a 12 month high of $21.
90. The company has a market cap of $20.51 billion, a price-to-earnings ratio of 9.
30 and a beta of 1.46. Cenovus Energy ( NYSE:CVE – Get Free Report ) (TSE:CVE) last posted its quarterly earnings results on Thursday, February 20th.
The oil and gas company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.
27). The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $11.
08 billion. Cenovus Energy had a net margin of 5.82% and a return on equity of 10.
73%. As a group, analysts forecast that Cenovus Energy Inc. will post 1.
49 earnings per share for the current fiscal year. Cenovus Energy Cuts Dividend The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.
1269 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.
51 annualized dividend and a dividend yield of 4.51%. Cenovus Energy’s payout ratio is 40.
50%. Cenovus Energy Profile ( 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. Read More 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.
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