Capital International Sarl Buys 69,411 Shares of Cenovus Energy Inc. (NYSE:CVE)

Capital International Sarl increased its holdings in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,224,469 shares of the oil and gas company's stock after purchasing an additional 69,411 shares during the quarter. Capital International Sarl owned approximately 0.07% of Cenovus Energy worth $18,552,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in Cenovus Energy by 105.0% during the fourth 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 lifted its position in shares of Cenovus Energy by 29.2% in the fourth quarter. Geode Capital Management LLC now owns 8,287,334 shares of the oil and gas company's stock valued at $128,783,000 after buying an additional 1,873,415 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Cenovus Energy by 36.3% during the 4th quarter. Renaissance Technologies LLC now owns 4,378,894 shares of the oil and gas company's stock worth $66,340,000 after acquiring an additional 1,166,294 shares during the last quarter. Panview Capital Ltd bought a new stake in Cenovus Energy in the 4th quarter valued at $16,741,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cenovus Energy by 273.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,440,237 shares of the oil and gas company's stock worth $21,821,000 after purchasing an additional 1,054,483 shares during the period. Institutional investors own 51.19% of the company's stock.

Cenovus Energy Stock Down 1.3 %

Shares of NYSE:CVE traded down $0.16 during trading on Wednesday, reaching $12.00. 4,853,895 shares of the stock were exchanged, compared to its average volume of 8,601,338. The stock has a fifty day moving average of $13.15 and a two-hundred day moving average of $14.78. Cenovus Energy Inc. has a 1-year low of $10.23 and a 1-year high of $21.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 0.95. The firm has a market cap of $21.87 billion, a price-to-earnings ratio of 9.92 and a beta of 1.46.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last issued its quarterly earnings data 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). 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%. Research analysts anticipate that Cenovus Energy Inc. will post 1.49 earnings per share for the current fiscal year.

Cenovus Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.1269 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.51 dividend on an annualized basis and a yield of 4.23%. Cenovus Energy's dividend payout ratio (DPR) is presently 40.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Scotiabank upgraded Cenovus Energy to a "strong-buy" rating in a research note on Wednesday, March 19th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $25.00 price target on shares of Cenovus Energy in a research report on Friday, April 11th. StockNews.com downgraded shares of Cenovus Energy from a "buy" rating to a "hold" rating in a report on Saturday, December 28th. National Bank Financial cut shares of Cenovus Energy from an "outperform" rating to a "sector perform" rating in a report on Friday, February 21st. Finally, Morgan Stanley restated an "overweight" rating on shares of Cenovus Energy in a research note on Tuesday, April 15th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cenovus Energy currently has an average rating of "Moderate Buy" and a consensus target price of $29.00.

About Cenovus Energy

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.