Aviva PLC boosted its position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 23.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 639,225 shares of the oil and gas company’s stock after purchasing an additional 121,210 shares during the period. Aviva PLC owned approximately 0.05% of Cenovus Energy worth $4,707,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allegis Investment Advisors LLC grew its holdings in Cenovus Energy by 16.9% during the 2nd quarter. Allegis Investment Advisors LLC now owns 13,933 shares of the oil and gas company’s stock worth $103,000 after acquiring an additional 2,016 shares in the last quarter. Cigna Investments Inc. New bought a new position in shares of Cenovus Energy in the 2nd quarter worth about $110,000. FNY Partners Fund LP bought a new position in shares of Cenovus Energy in the 1st quarter worth about $113,000. Neuberger Berman Group LLC lifted its position in shares of Cenovus Energy by 7.4% in the 1st quarter. Neuberger Berman Group LLC now owns 12,992 shares of the oil and gas company’s stock worth $147,000 after buying an additional 900 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Cenovus Energy by 51.6% in the 1st quarter. Acadian Asset Management LLC now owns 13,800 shares of the oil and gas company’s stock worth $156,000 after buying an additional 4,700 shares during the last quarter. 56.17% of the stock is owned by institutional investors and hedge funds.
Shares of Cenovus Energy Inc (CVE) traded down 0.88% during trading on Friday, hitting $9.04. 4,441,345 shares of the stock traded hands. The company has a market cap of $11.11 billion, a PE ratio of 3.80 and a beta of 0.56. The company has a 50 day moving average of $8.02 and a 200-day moving average of $9.27. Cenovus Energy Inc has a 1-year low of $6.76 and a 1-year high of $16.82.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.24. Cenovus Energy had a return on equity of 3.20% and a net margin of 17.89%. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the company posted ($0.05) earnings per share. On average, equities analysts anticipate that Cenovus Energy Inc will post $0.40 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.039 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.16 annualized dividend and a yield of 1.73%. This is an increase from Cenovus Energy’s previous quarterly dividend of $0.04. Cenovus Energy’s dividend payout ratio is 8.89%.
A number of research analysts have recently issued reports on the stock. UBS AG downgraded shares of Cenovus Energy from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Cenovus Energy from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research report on Tuesday, July 25th. BidaskClub downgraded shares of Cenovus Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $8.00 price objective on shares of Cenovus Energy in a research report on Thursday, June 22nd. Finally, Raymond James Financial, Inc. downgraded shares of Cenovus Energy from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 5th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.04.
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Cenovus Energy Company Profile
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