DRW Securities LLC Buys 31,800 Shares of Cenovus Energy Inc. (NYSE:CVE)

DRW Securities LLC increased its stake in Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 80.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 71,507 shares of the oil and gas company's stock after purchasing an additional 31,800 shares during the quarter. DRW Securities LLC's holdings in Cenovus Energy were worth $1,083,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of Cenovus Energy by 29.2% during the 4th quarter. Geode Capital Management LLC now owns 8,287,334 shares of the oil and gas company's stock worth $128,783,000 after purchasing an additional 1,873,415 shares during the period. Invesco Ltd. lifted its holdings in shares of Cenovus Energy by 3.6% during the 4th quarter. Invesco Ltd. now owns 8,043,884 shares of the oil and gas company's stock worth $121,865,000 after acquiring an additional 276,023 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Cenovus Energy by 4.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,226,155 shares of the oil and gas company's stock valued at $79,176,000 after purchasing an additional 245,302 shares in the last quarter. Amundi grew its stake in shares of Cenovus Energy by 1.7% in the 4th quarter. Amundi now owns 4,678,976 shares of the oil and gas company's stock valued at $71,775,000 after purchasing an additional 77,548 shares during the period. Finally, Alberta Investment Management Corp raised its holdings in shares of Cenovus Energy by 10.1% in the 4th quarter. Alberta Investment Management Corp now owns 4,494,400 shares of the oil and gas company's stock worth $68,094,000 after buying an additional 411,000 shares in the last quarter. Institutional investors own 51.19% of the company's stock.

Cenovus Energy Trading Down 0.3 %

Shares of NYSE:CVE traded down $0.03 during mid-day trading on Tuesday, reaching $11.53. The stock had a trading volume of 3,336,523 shares, compared to its average volume of 8,645,806. The firm has a market cap of $21.02 billion, a PE ratio of 9.53 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. The firm has a 50 day simple moving average of $13.54 and a two-hundred day simple moving average of $15.00. Cenovus Energy Inc. has a twelve month low of $10.23 and a twelve month high of $21.58.

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

Cenovus Energy Cuts Dividend

The firm also recently announced 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 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend was Friday, March 14th. Cenovus Energy's payout ratio is 40.50%.

Wall Street Analyst Weigh In

CVE has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Cenovus Energy in a report on Wednesday, March 26th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $25.00 price target on shares of Cenovus Energy in a report on Friday. National Bank Financial lowered shares of Cenovus Energy from an "outperform" rating to a "sector perform" rating in a report on Friday, February 21st. StockNews.com lowered shares of Cenovus Energy from a "buy" rating to a "hold" rating in a research report on Saturday, December 28th. Finally, Scotiabank raised shares of Cenovus Energy to a "strong-buy" rating in a report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.