Cenovus Energy Inc. (NYSE:CVE) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC raised its stake in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 374.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 388,163 shares of the oil and gas company's stock after purchasing an additional 306,403 shares during the period. Janus Henderson Group PLC's holdings in Cenovus Energy were worth $6,499,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVE. Assenagon Asset Management S.A. grew its stake in Cenovus Energy by 22,396.6% during the second quarter. Assenagon Asset Management S.A. now owns 7,429,036 shares of the oil and gas company's stock worth $146,054,000 after buying an additional 7,396,013 shares during the period. 1832 Asset Management L.P. grew its stake in Cenovus Energy by 81.1% during the second quarter. 1832 Asset Management L.P. now owns 12,538,499 shares of the oil and gas company's stock worth $246,507,000 after buying an additional 5,613,320 shares during the period. Acadian Asset Management LLC grew its stake in Cenovus Energy by 32,791.8% during the second quarter. Acadian Asset Management LLC now owns 4,440,391 shares of the oil and gas company's stock worth $87,246,000 after buying an additional 4,426,891 shares during the period. Canada Pension Plan Investment Board grew its stake in Cenovus Energy by 2,236.1% during the second quarter. Canada Pension Plan Investment Board now owns 4,610,779 shares of the oil and gas company's stock worth $90,608,000 after buying an additional 4,413,405 shares during the period. Finally, Smead Capital Management Inc. boosted its stake in shares of Cenovus Energy by 39.3% in 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 purchasing an additional 4,351,960 shares during the period. Institutional investors and hedge funds own 51.19% of the company's stock.

Cenovus Energy Stock Down 0.5 %

NYSE CVE traded down $0.08 during trading hours on Tuesday, reaching $15.11. 6,652,400 shares of the company traded hands, compared to its average volume of 8,796,949. The stock has a market capitalization of $27.60 billion, a PE ratio of 10.42 and a beta of 2.02. Cenovus Energy Inc. has a 12 month low of $14.69 and a 12 month high of $21.90. The company has a 50 day moving average of $16.41 and a two-hundred day moving average of $17.94. 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 (NYSE:CVE - Get Free Report) TSE: CVE last issued its earnings results on Thursday, October 31st. The oil and gas company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.08. The company had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $10.25 billion. Cenovus Energy had a net margin of 6.72% and a return on equity of 12.88%. The firm's revenue was down 17.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. As a group, equities analysts expect that Cenovus Energy Inc. will post 1.48 earnings per share for the current year.

Cenovus Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.133 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Friday, December 13th. This is a boost from Cenovus Energy's previous quarterly dividend of $0.13. Cenovus Energy's dividend payout ratio (DPR) is 36.55%.

Wall Street Analyst Weigh In

CVE has been the subject of several analyst reports. StockNews.com downgraded shares of Cenovus Energy from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. BMO Capital Markets decreased their target price on shares of Cenovus Energy from $31.00 to $28.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Finally, TD Securities downgraded shares of Cenovus Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.00.

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.