Guardian Partners Inc. Buys New Holdings in Cenovus Energy Inc. (NYSE:CVE)

Guardian Partners Inc. acquired a new stake in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 60,291 shares of the oil and gas company's stock, valued at approximately $924,000.

Other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of Cenovus Energy by 104.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,662 shares of the oil and gas company's stock valued at $25,000 after buying an additional 851 shares during the last quarter. Wahed Invest LLC boosted its stake in Cenovus Energy by 5.6% during the 3rd quarter. Wahed Invest LLC now owns 16,489 shares of the oil and gas company's stock valued at $276,000 after purchasing an additional 875 shares during the last quarter. Montgomery Investment Management Inc. increased its holdings in shares of Cenovus Energy by 1.6% in the 4th quarter. Montgomery Investment Management Inc. now owns 56,535 shares of the oil and gas company's stock worth $857,000 after purchasing an additional 894 shares in the last quarter. Harmony Asset Management LLC increased its holdings in shares of Cenovus Energy by 8.1% in the 3rd quarter. Harmony Asset Management LLC now owns 13,400 shares of the oil and gas company's stock worth $224,000 after purchasing an additional 1,000 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Cenovus Energy by 1.6% in the third quarter. PNC Financial Services Group Inc. now owns 76,940 shares of the oil and gas company's stock worth $1,287,000 after purchasing an additional 1,209 shares during the last quarter. 51.19% of the stock is owned by hedge funds and other institutional investors.

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Cenovus Energy Stock Performance

CVE traded down $0.16 during trading on Thursday, hitting $14.09. The company's stock had a trading volume of 7,521,411 shares, compared to its average volume of 8,414,211. The business's 50 day simple moving average is $14.29 and its 200-day simple moving average is $15.45. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. Cenovus Energy Inc. has a one year low of $12.08 and a one year high of $21.90. The firm has a market cap of $25.68 billion, a PE ratio of 11.64 and a beta of 1.99.

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 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.27). The firm 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%. As a group, sell-side analysts predict that Cenovus Energy Inc. will post 1.49 EPS for the current fiscal year.

Cenovus Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.1269 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Friday, March 14th. Cenovus Energy's dividend payout ratio (DPR) is 40.50%.

Wall Street Analysts Forecast Growth

CVE has been the subject of several research analyst reports. National Bank Financial downgraded Cenovus Energy from an "outperform" rating to a "sector perform" rating in a report on Friday, February 21st. Morgan Stanley reaffirmed an "overweight" rating on shares of Cenovus Energy in a report on Wednesday. Royal Bank of Canada decreased their price objective on shares of Cenovus Energy from $26.00 to $25.00 and set an "outperform" rating for the company in a report on Friday, February 21st. StockNews.com cut shares of Cenovus Energy from a "buy" rating to a "hold" rating in a report on Saturday, December 28th. Finally, Scotiabank upgraded shares of Cenovus Energy to a "strong-buy" rating in a research note on Wednesday, March 19th. Three investment 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $29.25.

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.