Marshall Wace LLP decreased its position in Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,570,945 shares of the oil and gas company's stock after selling 50,529 shares during the period. Marshall Wace LLP owned approximately 0.09% of Cenovus Energy worth $23,800,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in Cenovus Energy by 0.7% in the 4th quarter. Alliancebernstein L.P. now owns 106,532 shares of the oil and gas company's stock worth $1,614,000 after buying an additional 779 shares in the last quarter. Farther Finance Advisors LLC increased 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 purchasing an additional 851 shares during the period. Montgomery Investment Management Inc. raised its stake in shares of Cenovus Energy by 1.6% during the fourth quarter. Montgomery Investment Management Inc. now owns 56,535 shares of the oil and gas company's stock valued at $857,000 after purchasing an additional 894 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in Cenovus Energy by 4.5% in the fourth quarter. Guggenheim Capital LLC now owns 20,974 shares of the oil and gas company's stock worth $318,000 after purchasing an additional 908 shares during the period. Finally, Banco Santander S.A. grew its position in Cenovus Energy by 5.6% in the 4th quarter. Banco Santander S.A. now owns 30,967 shares of the oil and gas company's stock valued at $469,000 after buying an additional 1,641 shares in the last quarter. Institutional investors and hedge funds own 51.19% of the company's stock.
Cenovus Energy Price Performance
Shares of NYSE CVE traded down $0.19 during mid-day trading on Wednesday, reaching $11.98. The company had a trading volume of 9,895,031 shares, compared to its average volume of 8,620,123. Cenovus Energy Inc. has a 1-year low of $10.23 and a 1-year high of $21.58. The stock has a market cap of $21.83 billion, a PE ratio of 9.90 and a beta of 1.46. The company has a current ratio of 1.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $13.15 and a two-hundred day moving average price of $14.78.
Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last posted its quarterly earnings data on Thursday, February 20th. The oil and gas company reported $0.05 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $11.08 billion. On average, equities analysts anticipate that Cenovus Energy Inc. will post 1.49 earnings per share for the current year.
Cenovus Energy Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.1269 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Friday, March 14th. Cenovus Energy's dividend payout ratio is 40.50%.
Wall Street Analyst Weigh In
CVE has been the subject of a number of research analyst reports. Scotiabank raised shares of Cenovus Energy to a "strong-buy" rating in a research note on Wednesday, March 19th. Morgan Stanley restated an "overweight" rating on shares of Cenovus Energy in a research report on Tuesday, April 15th. StockNews.com cut Cenovus Energy from a "buy" rating to a "hold" rating in a research report on Saturday, December 28th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $25.00 target price on shares of Cenovus Energy in a research note on Friday, April 11th. Finally, National Bank Financial lowered Cenovus Energy from an "outperform" rating to a "sector perform" rating in a report on Friday, February 21st. Three 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.00.
Check Out Our Latest Stock Analysis on CVE
About Cenovus Energy
(
Free Report)
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.
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