Cenovus Energy Inc. (NYSE:CVE) Stock Holdings Lifted by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. boosted its stake in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 37.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,308 shares of the oil and gas company's stock after purchasing an additional 50,190 shares during the quarter. Cenovus Energy makes up approximately 0.5% of Mraz Amerine & Associates Inc.'s holdings, making the stock its 29th largest position. Mraz Amerine & Associates Inc.'s holdings in Cenovus Energy were worth $2,807,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in shares of Cenovus Energy during the third quarter valued at $25,000. Blue Trust Inc. lifted its position 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 valued at $51,000 after purchasing an additional 2,651 shares during the last quarter. Sierra Ocean LLC acquired a new position in Cenovus Energy during the 4th quarter valued at about $67,000. SevenBridge Financial Group LLC bought a new position in Cenovus Energy in the 3rd quarter worth about $162,000. Finally, Empirical Asset Management LLC bought a new position in Cenovus Energy in the 4th quarter worth about $174,000. 51.19% of the stock is currently owned by institutional investors.

Cenovus Energy Price Performance

Shares of CVE traded down $0.69 during midday trading on Friday, reaching $14.61. The stock had a trading volume of 13,405,106 shares, compared to its average volume of 10,781,016. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 0.95. The company has a market capitalization of $26.64 billion, a P/E ratio of 10.07 and a beta of 1.99. The firm's 50 day moving average price is $14.99 and its 200-day moving average price is $16.30. Cenovus Energy Inc. has a 52 week low of $13.76 and a 52 week high of $21.90.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last issued its quarterly earnings results on Thursday, February 20th. The oil and gas company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.27). Cenovus Energy had a return on equity of 12.88% and a net margin of 6.72%. The business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $11.08 billion. On average, analysts forecast that Cenovus Energy Inc. will post 1.36 earnings per share for the current fiscal year.

Cenovus Energy Cuts Dividend

The firm 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 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Friday, March 14th. Cenovus Energy's dividend payout ratio is presently 34.48%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CVE shares. Royal Bank of Canada reduced their price objective on Cenovus Energy from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Friday. National Bank Financial cut Cenovus Energy from an "outperform" rating to a "sector perform" rating in a research note on Friday. StockNews.com cut shares of Cenovus Energy from a "buy" rating to a "hold" rating in a research note on Saturday, December 28th. Finally, 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 report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.