Cenovus Energy Inc (CVE) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. grew its stake in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 29.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,564,016 shares of the oil and gas company’s stock after purchasing an additional 353,162 shares during the period. Goldman Sachs Group Inc. owned approximately 0.13% of Cenovus Energy worth $11,527,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CVE. Wells Fargo & Company MN boosted its position in shares of Cenovus Energy by 16.1% during the 1st quarter. Wells Fargo & Company MN now owns 81,531 shares of the oil and gas company’s stock worth $921,000 after purchasing an additional 11,313 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Cenovus Energy by 17.8% during the 1st quarter. First Trust Advisors LP now owns 43,183 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 6,521 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Cenovus Energy by 21.8% during the 1st quarter. Ameriprise Financial Inc. now owns 117,706 shares of the oil and gas company’s stock worth $1,326,000 after purchasing an additional 21,046 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Cenovus Energy by 26.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 159,190 shares of the oil and gas company’s stock worth $1,799,000 after purchasing an additional 33,779 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Cenovus Energy by 110.3% during the 1st quarter. JPMorgan Chase & Co. now owns 879,012 shares of the oil and gas company’s stock worth $9,934,000 after purchasing an additional 461,006 shares in the last quarter. Institutional investors own 56.17% of the company’s stock.

Cenovus Energy Inc (CVE) opened at 9.85 on Wednesday. Cenovus Energy Inc has a 52 week low of $6.76 and a 52 week high of $16.82. The firm has a market cap of $12.10 billion, a P/E ratio of 4.02 and a beta of 0.60. The company has a 50-day moving average of $9.20 and a 200 day moving average of $8.84.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.24. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.40 billion. Cenovus Energy had a return on equity of 3.20% and a net margin of 17.89%. During the same period in the prior year, the business earned ($0.05) EPS. On average, equities analysts predict that Cenovus Energy Inc will post $0.49 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.039 dividend. This is an increase from Cenovus Energy’s previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, September 14th. Cenovus Energy’s dividend payout ratio is currently 8.89%.

TRADEMARK VIOLATION WARNING: “Cenovus Energy Inc (CVE) Shares Bought by Goldman Sachs Group Inc.” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/18/cenovus-energy-inc-cve-shares-bought-by-goldman-sachs-group-inc.html.

Several equities research analysts recently commented on CVE shares. Morgan Stanley set a $15.00 price objective on shares of Cenovus Energy and gave the stock a “buy” rating in a research report on Friday, October 13th. Royal Bank Of Canada reiterated a “buy” rating and issued a $15.00 price objective on shares of Cenovus Energy in a research report on Monday.

Several other hedge funds and other institutional investors also recently modified their holdings of CVE. Wells Fargo & Company MN boosted its position in shares of Cenovus Energy by 16.1% during the 1st quarter. Wells Fargo & Company MN now owns 81,531 shares of the oil and gas company’s stock worth $921,000 after purchasing an additional 11,313 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Cenovus Energy by 17.8% during the 1st quarter. First Trust Advisors LP now owns 43,183 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 6,521 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Cenovus Energy by 21.8% during the 1st quarter. Ameriprise Financial Inc. now owns 117,706 shares of the oil and gas company’s stock worth $1,326,000 after purchasing an additional 21,046 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Cenovus Energy by 26.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 159,190 shares of the oil and gas company’s stock worth $1,799,000 after purchasing an additional 33,779 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Cenovus Energy by 110.3% during the 1st quarter. JPMorgan Chase & Co. now owns 879,012 shares of the oil and gas company’s stock worth $9,934,000 after purchasing an additional 461,006 shares in the last quarter. Institutional investors own 56.17% of the company’s stock.

Cenovus Energy Inc (CVE) opened at 9.85 on Wednesday. Cenovus Energy Inc has a 52 week low of $6.76 and a 52 week high of $16.82. The firm has a market cap of $12.10 billion, a P/E ratio of 4.02 and a beta of 0.60. The company has a 50-day moving average of $9.20 and a 200 day moving average of $8.84.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.24. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.40 billion. Cenovus Energy had a return on equity of 3.20% and a net margin of 17.89%. During the same period in the prior year, the business earned ($0.05) EPS. On average, equities analysts predict that Cenovus Energy Inc will post $0.49 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.039 dividend. This is an increase from Cenovus Energy’s previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, September 14th. Cenovus Energy’s dividend payout ratio is currently 8.89%.

TRADEMARK VIOLATION WARNING: “Cenovus Energy Inc (CVE) Shares Bought by Goldman Sachs Group Inc.” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/18/cenovus-energy-inc-cve-shares-bought-by-goldman-sachs-group-inc.html.

Several equities research analysts recently commented on CVE shares. Morgan Stanley set a $15.00 price objective on shares of Cenovus Energy and gave the stock a “buy” rating in a research report on Friday, October 13th. Royal Bank Of Canada reiterated a “buy” rating and issued a $15.00 price objective on shares of Cenovus Energy in a research report on Monday. Zacks Investment Research lowered shares of Cenovus Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Canaccord Genuity reiterated a “buy” rating and issued a $14.50 price objective on shares of Cenovus Energy in a research report on Monday, September 25th. Finally, BidaskClub upgraded shares of Cenovus Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Cenovus Energy presently has an average rating of “Hold” and an average target price of $15.59.

About Cenovus Energy

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Institutional Ownership by Quarter for Cenovus Energy (NYSE:CVE)

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