Cenovus Energy Inc. (NYSE:CVE) Shares Sold by Capital International Inc. CA

Capital International Inc. CA lessened its holdings in Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,947,289 shares of the oil and gas company's stock after selling 649,316 shares during the period. Capital International Inc. CA owned about 0.11% of Cenovus Energy worth $29,506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CVE. Capital World Investors increased its position in shares of Cenovus Energy by 15.8% in the fourth quarter. Capital World Investors now owns 191,412,590 shares of the oil and gas company's stock valued at $2,901,131,000 after buying an additional 26,127,617 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Cenovus Energy by 48.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,001,002 shares of the oil and gas company's stock worth $196,935,000 after acquiring an additional 4,220,663 shares in the last quarter. Franklin Resources Inc. increased its holdings in Cenovus Energy by 105.0% in the 4th quarter. Franklin Resources Inc. now owns 4,337,551 shares of the oil and gas company's stock worth $65,667,000 after acquiring an additional 2,221,549 shares in the last quarter. Geode Capital Management LLC raised its position in Cenovus Energy by 29.2% during the fourth quarter. Geode Capital Management LLC now owns 8,287,334 shares of the oil and gas company's stock worth $128,783,000 after acquiring an additional 1,873,415 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Cenovus Energy by 36.3% during the fourth quarter. Renaissance Technologies LLC now owns 4,378,894 shares of the oil and gas company's stock valued at $66,340,000 after purchasing an additional 1,166,294 shares in the last quarter. Institutional investors and hedge funds own 51.19% of the company's stock.

Cenovus Energy Trading Down 1.5 %

CVE stock traded down $0.19 during midday trading on Wednesday, hitting $11.98. 9,894,393 shares of the company's stock were exchanged, compared to its average volume of 11,182,177. Cenovus Energy Inc. has a 1-year low of $10.23 and a 1-year high of $21.58. 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 stock has a market capitalization of $21.83 billion, a PE ratio of 9.90 and a beta of 1.46. The business has a 50-day simple moving average of $13.15 and a two-hundred day simple moving average of $14.78.

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

Cenovus Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors 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 dividend on an annualized basis and a dividend yield of 4.24%. Cenovus Energy's payout ratio is currently 40.50%.

Analysts Set New Price Targets

CVE has been the subject of a number of research reports. Scotiabank raised shares of Cenovus Energy to a "strong-buy" rating in a research note on Wednesday, March 19th. National Bank Financial lowered Cenovus Energy from an "outperform" rating to a "sector perform" rating in a research note on Friday, February 21st. StockNews.com downgraded Cenovus Energy from a "buy" rating to a "hold" rating in a research report on Saturday, December 28th. Morgan Stanley reiterated an "overweight" rating on shares of Cenovus Energy in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $25.00 price objective on shares of Cenovus Energy in a research note on Friday, April 11th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.