Cenovus Energy Inc. (NYSE:CVE) Shares Acquired by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. boosted its position in Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,080,000 shares of the oil and gas company's stock after purchasing an additional 120,000 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.17% of Cenovus Energy worth $46,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors raised its stake in shares of Cenovus Energy by 15.8% during the 4th quarter. Capital World Investors now owns 191,412,590 shares of the oil and gas company's stock worth $2,901,131,000 after buying an additional 26,127,617 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Cenovus Energy by 48.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,001,002 shares of the oil and gas company's stock valued at $196,935,000 after acquiring an additional 4,220,663 shares in the last quarter. 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 during the last quarter. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 1,873,415 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Cenovus Energy by 36.3% in 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 during the last quarter. 51.19% of the stock is owned by institutional investors and hedge funds.

Cenovus Energy Stock Down 0.3 %

NYSE:CVE traded down $0.04 on Friday, reaching $12.07. The stock had a trading volume of 7,270,582 shares, compared to its average volume of 8,628,701. 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 $10.23 and a 12-month high of $21.58. The company has a 50-day moving average of $12.95 and a 200 day moving average of $14.64. The stock has a market cap of $22.00 billion, a P/E ratio of 9.98 and a beta of 1.46.

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

Cenovus Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued 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 4.20%. Cenovus Energy's dividend payout ratio (DPR) is 40.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CVE shares. Scotiabank raised Cenovus Energy to a "strong-buy" rating in a research note on Wednesday, March 19th. National Bankshares reiterated a "sector perform" rating on shares of Cenovus Energy in a research report on Friday. StockNews.com lowered shares of Cenovus Energy from a "buy" rating to a "hold" rating in a report on Saturday, December 28th. Morgan Stanley reissued an "overweight" rating on shares of Cenovus Energy in a research note on Tuesday, April 15th. Finally, National Bank Financial cut shares of Cenovus Energy from an "outperform" rating to a "sector perform" rating in a research note on Friday, February 21st. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Cenovus Energy currently 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.