American Century Companies Inc. Acquires 41,361 Shares of Cenovus Energy Inc. (NYSE:CVE)

American Century Companies Inc. raised its position in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 660,676 shares of the oil and gas company's stock after buying 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 and Exchange Commission.

Several other hedge funds also recently modified their holdings of CVE. Anson Funds Management LP raised its holdings in shares of Cenovus Energy by 188.2% in the third quarter. Anson Funds Management LP now owns 1,877,800 shares of the oil and gas company's stock valued at $31,405,000 after buying an additional 1,226,221 shares during the last quarter. Panview Capital Ltd acquired a new stake in Cenovus Energy in the 4th quarter valued at about $16,741,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Cenovus Energy by 273.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,440,237 shares of the oil and gas company's stock valued at $21,821,000 after acquiring an additional 1,054,483 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. raised its stake in shares of Cenovus Energy by 19.7% in the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,786,011 shares of the oil and gas company's stock worth $57,317,000 after acquiring an additional 622,977 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Cenovus Energy by 9.7% during the third quarter. Geode Capital Management LLC now owns 6,413,919 shares of the oil and gas company's stock worth $109,232,000 after purchasing an additional 568,732 shares in the last quarter. Institutional investors and hedge funds own 51.19% of the company's stock.

Cenovus Energy Trading Down 0.6 %

Shares of NYSE:CVE traded down $0.06 during midday trading on Monday, hitting $11.19. The company had a trading volume of 14,645,020 shares, compared to its average volume of 8,619,810. The firm has a fifty day simple moving average of $14.02 and a 200 day simple moving average of $15.26. The stock has a market cap of $20.40 billion, a price-to-earnings ratio of 9.25 and a beta of 1.46. The company has a current ratio of 1.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. Cenovus Energy Inc. has a 12 month low of $10.58 and a 12 month high of $21.90.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last issued its earnings results on Thursday, February 20th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.27). The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $11.08 billion. Cenovus Energy had a return on equity of 10.73% and a net margin of 5.82%. On average, analysts predict that Cenovus Energy Inc. will post 1.49 EPS for the current year.

Cenovus Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.1269 per share. This represents a $0.51 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend was Friday, March 14th. Cenovus Energy's dividend payout ratio is currently 40.50%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $25.00 price objective on shares of Cenovus Energy in a research report on Wednesday, April 2nd. StockNews.com cut Cenovus Energy from a "buy" rating to a "hold" rating in a research note 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 research report on Friday, February 21st. Finally, Scotiabank upgraded shares of Cenovus Energy to a "strong-buy" rating in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.00.

Cenovus Energy Company Profile

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.