U.S. Capital Wealth Advisors LLC Purchases 93,651 Shares of Cenovus Energy Inc. (NYSE:CVE)

U.S. Capital Wealth Advisors LLC raised its position in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 27.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 438,115 shares of the oil and gas company's stock after purchasing an additional 93,651 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Cenovus Energy were worth $7,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. SVB Wealth LLC increased its stake in Cenovus Energy by 2.6% during the 1st quarter. SVB Wealth LLC now owns 19,710 shares of the oil and gas company's stock worth $394,000 after buying an additional 507 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Cenovus Energy by 8.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,648 shares of the oil and gas company's stock valued at $170,000 after purchasing an additional 643 shares during the last quarter. Cetera Advisors LLC increased its stake in Cenovus Energy by 5.2% in the 1st quarter. Cetera Advisors LLC now owns 16,347 shares of the oil and gas company's stock valued at $327,000 after buying an additional 801 shares during the period. Gold Investment Management Ltd. raised its position in Cenovus Energy by 4.6% in the first quarter. Gold Investment Management Ltd. now owns 18,881 shares of the oil and gas company's stock worth $378,000 after acquiring an additional 833 shares in the last quarter. Finally, Wolff Wiese Magana LLC grew its holdings in Cenovus Energy by 71.4% in the first quarter. Wolff Wiese Magana LLC now owns 2,400 shares of the oil and gas company's stock valued at $48,000 after purchasing an additional 1,000 shares during the last quarter. 51.19% of the stock is owned by hedge funds and other institutional investors.

Cenovus Energy Stock Performance

CVE traded down $0.27 during trading on Wednesday, hitting $16.70. The stock had a trading volume of 5,434,360 shares, compared to its average volume of 8,900,677. The firm has a market cap of $31.04 billion, a price-to-earnings ratio of 9.43 and a beta of 2.04. Cenovus Energy Inc. has a one year low of $14.69 and a one year high of $21.90. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 1.00. The company has a 50 day moving average price of $17.64 and a 200-day moving average price of $19.11.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last released its earnings results on Thursday, August 1st. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.13). The business had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $9.78 billion. Cenovus Energy had a net margin of 8.56% and a return on equity of 16.61%. As a group, research analysts predict that Cenovus Energy Inc. will post 1.84 EPS for the current year.

Cenovus Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.132 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.16%. Cenovus Energy's dividend payout ratio is presently 29.44%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CVE shares. TD Securities downgraded shares of Cenovus Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 1st. StockNews.com lowered Cenovus Energy from a "buy" rating to a "hold" rating in a research report on Monday, September 30th. BMO Capital Markets reduced their price objective on Cenovus Energy from $33.00 to $31.00 and set an "outperform" rating on the stock in a research note on Friday, October 4th. Finally, Scotiabank dropped their price objective on shares of Cenovus Energy from $35.00 to $34.00 and set a "sector outperform" rating on the stock in a report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.75.

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.