Massachusetts Financial Services Co. MA increased its position in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,226,155 shares of the oil and gas company's stock after acquiring an additional 245,302 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.29% of Cenovus Energy worth $79,176,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. grew its stake in shares of 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 purchasing an additional 779 shares during the last quarter. Farther Finance Advisors LLC grew its position in Cenovus Energy by 104.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,662 shares of the oil and gas company's stock worth $25,000 after buying an additional 851 shares during the last quarter. Wahed Invest LLC grew its position in Cenovus Energy by 5.6% in the third quarter. Wahed Invest LLC now owns 16,489 shares of the oil and gas company's stock worth $276,000 after buying an additional 875 shares during the last quarter. Montgomery Investment Management Inc. lifted its position in shares of Cenovus Energy by 1.6% during the 4th quarter. Montgomery Investment Management Inc. now owns 56,535 shares of the oil and gas company's stock valued at $857,000 after acquiring an additional 894 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in shares of Cenovus Energy by 3.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 40,194 shares of the oil and gas company's stock worth $672,000 after acquiring an additional 1,236 shares in the last quarter. 51.19% of the stock is currently owned by institutional investors.
Cenovus Energy Stock Down 0.6 %
NYSE:CVE traded down $0.06 on Monday, hitting $11.19. 14,645,020 shares of the company's stock traded hands, compared to its average volume of 8,619,810. The company has a market cap of $20.40 billion, a PE ratio of 9.25 and a beta of 1.46. Cenovus Energy Inc. has a 1 year low of $10.58 and a 1 year high of $21.90. 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 firm has a 50-day moving average price of $14.02 and a 200-day moving average price of $15.26.
Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last announced its quarterly earnings data 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). Cenovus Energy had a net margin of 5.82% and a return on equity of 10.73%. The company had revenue of $8.40 billion for the quarter, compared to analysts' expectations of $11.08 billion. Equities analysts anticipate that Cenovus Energy Inc. will post 1.49 EPS for the current fiscal 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 issued a dividend of $0.1269 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.51 annualized dividend and a dividend yield of 4.54%. Cenovus Energy's dividend payout ratio is 40.50%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on CVE shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $25.00 target price on shares of Cenovus Energy in a research report on Wednesday, April 2nd. Morgan Stanley restated an "overweight" rating on shares of Cenovus Energy in a report on Wednesday, March 26th. Scotiabank upgraded shares of Cenovus Energy to a "strong-buy" rating in a report on Wednesday, March 19th. National Bank Financial downgraded shares of Cenovus Energy from an "outperform" rating to a "sector perform" rating in a research report on Friday, February 21st. Finally, StockNews.com downgraded shares of Cenovus Energy from a "buy" rating to a "hold" rating in a research report on Saturday, December 28th. Three research 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 company's stock. According to MarketBeat.com, Cenovus Energy presently has an average rating of "Moderate Buy" and a consensus target price of $29.00.
Check Out Our Latest Report on Cenovus Energy
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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