Cenovus Energy Inc. (NYSE:CVE) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its position in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 93.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,717 shares of the oil and gas company's stock after selling 684,748 shares during the period. International Assets Investment Management LLC's holdings in Cenovus Energy were worth $700,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SkyView Investment Advisors LLC increased its holdings in shares of Cenovus Energy by 5.1% during the 3rd quarter. SkyView Investment Advisors LLC now owns 43,632 shares of the oil and gas company's stock worth $730,000 after buying an additional 2,122 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Cenovus Energy during the 3rd quarter worth approximately $408,000. TD Private Client Wealth LLC increased its holdings in Cenovus Energy by 3.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 40,194 shares of the oil and gas company's stock valued at $672,000 after purchasing an additional 1,236 shares during the last quarter. Geode Capital Management LLC raised its position in Cenovus Energy by 9.7% in the third quarter. Geode Capital Management LLC now owns 6,413,919 shares of the oil and gas company's stock valued at $109,232,000 after purchasing an additional 568,732 shares during the period. Finally, MidWestOne Financial Group Inc. acquired a new position in Cenovus Energy during the third quarter worth $783,000. 51.19% of the stock is owned by hedge funds and other institutional investors.

Cenovus Energy Stock Up 0.6 %

Shares of NYSE:CVE traded up $0.09 during trading hours on Friday, reaching $15.43. The stock had a trading volume of 11,759,589 shares, compared to its average volume of 8,720,731. The stock has a market capitalization of $28.16 billion, a price-to-earnings ratio of 10.64 and a beta of 2.01. The firm's 50 day moving average is $15.44 and its 200-day moving average is $17.29. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.59. Cenovus Energy Inc. has a 1 year low of $14.20 and a 1 year high of $21.90.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last released its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.08. The business 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 business's revenue for the quarter was down 17.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 EPS. Research analysts predict that Cenovus Energy Inc. will post 1.48 earnings per share for the current fiscal year.

Cenovus Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.133 per share. This is an increase from Cenovus Energy's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.53 annualized dividend and a dividend yield of 3.45%. Cenovus Energy's dividend payout ratio is 36.55%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. BMO Capital Markets cut their price objective on Cenovus Energy from $31.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. StockNews.com cut shares of Cenovus Energy from a "buy" rating to a "hold" rating in a research report on Saturday, December 28th. Royal Bank of Canada restated an "outperform" rating and issued a $28.00 price objective on shares of Cenovus Energy in a report on Monday. Finally, TD Securities lowered shares of Cenovus Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.00.

Cenovus Energy 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.