Anson Funds Management LP Has $31.41 Million Stock Holdings in Cenovus Energy Inc. (NYSE:CVE)

Anson Funds Management LP grew its stake in Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 188.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,877,800 shares of the oil and gas company's stock after purchasing an additional 1,226,221 shares during the quarter. Cenovus Energy makes up approximately 1.4% of Anson Funds Management LP's holdings, making the stock its 16th biggest holding. Anson Funds Management LP owned about 0.10% of Cenovus Energy worth $31,405,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. XTX Topco Ltd bought a new position in Cenovus Energy during the third quarter worth $496,000. Wahed Invest LLC lifted its position in shares of Cenovus Energy by 5.6% in the 3rd quarter. Wahed Invest LLC now owns 16,489 shares of the oil and gas company's stock worth $276,000 after buying an additional 875 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Cenovus Energy by 44.1% in the 3rd quarter. Two Sigma Advisers LP now owns 1,284,600 shares of the oil and gas company's stock worth $21,491,000 after buying an additional 393,100 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Cenovus Energy by 3.9% in the 3rd quarter. Quantinno Capital Management LP now owns 282,704 shares of the oil and gas company's stock valued at $4,730,000 after buying an additional 10,494 shares during the period. Finally, Quarry LP bought a new stake in shares of Cenovus Energy during the 3rd quarter valued at about $516,000. Institutional investors own 51.19% of the company's stock.

Cenovus Energy Stock Performance

Shares of NYSE CVE traded down $0.62 during midday trading on Friday, hitting $15.02. 6,832,867 shares of the company's stock were exchanged, compared to its average volume of 7,938,840. The firm has a market cap of $27.43 billion, a P/E ratio of 10.36 and a beta of 2.02. The stock's 50 day moving average price is $16.49 and its 200-day moving average price is $18.01. Cenovus Energy Inc. has a twelve month low of $14.69 and a twelve month high of $21.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 0.95.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last posted its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.08. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $10.25 billion. Cenovus Energy had a return on equity of 12.88% and a net margin of 6.72%. The company's quarterly revenue was down 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. Equities research analysts anticipate that Cenovus Energy Inc. will post 1.48 EPS for the current year.

Cenovus Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.133 per share. The ex-dividend date is Friday, December 13th. This is a positive change from Cenovus Energy's previous quarterly dividend of $0.13. This represents a $0.53 dividend on an annualized basis and a yield of 3.54%. Cenovus Energy's dividend payout ratio is currently 36.55%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CVE shares. StockNews.com cut shares of Cenovus Energy from a "buy" rating to a "hold" rating in a report on Thursday. BMO Capital Markets cut their price target on Cenovus Energy from $31.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Finally, TD Securities downgraded Cenovus Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.00.

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.