Natixis Advisors LLC Has $1.33 Million Stock Holdings in Cenovus Energy Inc. (NYSE:CVE)

Natixis Advisors LLC reduced its stake in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,654 shares of the oil and gas company's stock after selling 18,096 shares during the quarter. Natixis Advisors LLC's holdings in Cenovus Energy were worth $1,328,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CVE. Alberta Investment Management Corp increased its position in Cenovus Energy by 10.1% in the 4th quarter. Alberta Investment Management Corp now owns 4,494,400 shares of the oil and gas company's stock worth $68,094,000 after purchasing an additional 411,000 shares during the last quarter. Amundi grew its stake in shares of Cenovus Energy by 1.7% in the 4th quarter. Amundi now owns 4,678,976 shares of the oil and gas company's stock valued at $71,775,000 after buying an additional 77,548 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in Cenovus Energy in the third quarter worth approximately $11,569,000. Assenagon Asset Management S.A. increased its holdings in Cenovus Energy by 1,289.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 430,781 shares of the oil and gas company's stock worth $6,526,000 after buying an additional 399,787 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in Cenovus Energy by 44.1% during the third quarter. Two Sigma Advisers LP now owns 1,284,600 shares of the oil and gas company's stock valued at $21,491,000 after acquiring an additional 393,100 shares in the last quarter. 51.19% of the stock is currently owned by institutional investors and hedge funds.

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Cenovus Energy Stock Performance

CVE traded down $0.31 during trading on Friday, hitting $13.78. The stock had a trading volume of 7,950,072 shares, compared to its average volume of 8,539,786. The firm has a market cap of $25.12 billion, a PE ratio of 11.39 and a beta of 1.99. 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 Inc. has a 12 month low of $12.08 and a 12 month high of $21.90. The company has a 50 day simple moving average of $14.26 and a 200-day simple moving average of $15.42.

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 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.27). Cenovus Energy had a return on equity of 10.73% and a net margin of 5.82%. The business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $11.08 billion. Analysts expect that Cenovus Energy Inc. will post 1.49 EPS for the current year.

Cenovus Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.1269 per share. This represents a $0.51 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Friday, March 14th. Cenovus Energy's dividend payout ratio (DPR) is presently 40.50%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley reissued an "overweight" rating on shares of Cenovus Energy in a research report on Wednesday. Scotiabank upgraded shares of Cenovus Energy to a "strong-buy" rating in a report on Wednesday, March 19th. Royal Bank of Canada lowered their target price on shares of Cenovus Energy from $26.00 to $25.00 and set an "outperform" rating on the stock in a research report on Friday, February 21st. StockNews.com cut Cenovus Energy from a "buy" rating to a "hold" rating in a research report on Saturday, December 28th. Finally, National Bank Financial downgraded Cenovus Energy from an "outperform" rating to a "sector perform" rating in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $29.00.

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.