Cenovus Energy Inc. (NYSE:CVE) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC trimmed its position in Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 11.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 389,495 shares of the oil and gas company's stock after selling 48,620 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Cenovus Energy were worth $5,901,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Smead Capital Management Inc. increased its position in Cenovus Energy by 39.3% during the third quarter. Smead Capital Management Inc. now owns 15,416,146 shares of the oil and gas company's stock valued at $257,831,000 after acquiring an additional 4,351,960 shares during the last quarter. Bridgewater Associates LP purchased a new stake in shares of Cenovus Energy in the 3rd quarter worth approximately $33,995,000. Anson Funds Management LP lifted its holdings in Cenovus Energy by 188.2% during the third quarter. Anson Funds Management LP now owns 1,877,800 shares of the oil and gas company's stock worth $31,405,000 after buying an additional 1,226,221 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Cenovus Energy by 23.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,980,853 shares of the oil and gas company's stock valued at $83,330,000 after acquiring an additional 952,477 shares in the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. increased its holdings in shares of Cenovus Energy by 33.3% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,163,034 shares of the oil and gas company's stock valued at $52,896,000 after acquiring an additional 789,569 shares during the period. Hedge funds and other institutional investors own 51.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CVE. StockNews.com downgraded Cenovus Energy from a "buy" rating to a "hold" rating in a research report on Saturday, December 28th. Royal Bank of Canada reiterated an "outperform" rating and set a $28.00 price target on shares of Cenovus Energy in a research note on Monday, January 6th. Finally, BMO Capital Markets reduced their target price on shares of Cenovus Energy from $31.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $30.00.

Cenovus Energy Price Performance

CVE stock traded down $0.33 during trading on Thursday, hitting $14.74. The stock had a trading volume of 11,247,578 shares, compared to its average volume of 11,215,845. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 0.95. Cenovus Energy Inc. has a twelve month low of $13.76 and a twelve month high of $21.90. The stock has a market capitalization of $26.89 billion, a P/E ratio of 10.16 and a beta of 1.99. The company's 50-day moving average price is $15.03 and its two-hundred day moving average price is $16.61.

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.