Cenovus Energy Inc. (NYSE:CVE) Shares Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd lifted its position in Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 43.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,257 shares of the oil and gas company's stock after acquiring an additional 36,233 shares during the period. Mediolanum International Funds Ltd's holdings in Cenovus Energy were worth $1,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CVE. Truvestments Capital LLC acquired a new position in shares of Cenovus Energy in the third quarter valued at about $25,000. Blue Trust Inc. increased its holdings in Cenovus Energy by 640.3% in the 3rd quarter. Blue Trust Inc. now owns 3,065 shares of the oil and gas company's stock worth $51,000 after buying an additional 2,651 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Cenovus Energy by 8.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,648 shares of the oil and gas company's stock worth $170,000 after buying an additional 643 shares during the last quarter. SevenBridge Financial Group LLC acquired a new stake in Cenovus Energy during the 3rd quarter valued at approximately $162,000. Finally, Empirical Asset Management LLC purchased a new stake in shares of Cenovus Energy in the 4th quarter valued at $174,000. Institutional investors and hedge funds own 51.19% of the company's stock.

Wall Street Analyst Weigh In

CVE has been the subject of several recent research reports. StockNews.com cut shares of Cenovus Energy from a "buy" rating to a "hold" rating in a report on Saturday, December 28th. BMO Capital Markets reduced their price objective on 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, Royal Bank of Canada reissued an "outperform" rating and issued a $28.00 price objective on shares of Cenovus Energy in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Cenovus Energy has an average rating of "Moderate Buy" and an average price target of $30.00.

Cenovus Energy Price Performance

Shares of CVE stock traded down $0.33 during mid-day trading on Thursday, hitting $14.74. 11,247,578 shares of the stock were exchanged, compared to its average volume of 11,215,845. Cenovus Energy Inc. has a 52-week low of $13.76 and a 52-week high of $21.90. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The company has a market cap of $26.89 billion, a PE ratio of 10.16 and a beta of 1.99. The firm has a fifty day moving average of $15.03 and a 200 day moving average of $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.