O Shaughnessy Asset Management LLC Sells 69,832 Shares of Cenovus Energy Inc. (NYSE:CVE)

O Shaughnessy Asset Management LLC lowered its holdings in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 446,528 shares of the oil and gas company's stock after selling 69,832 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Cenovus Energy were worth $6,761,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Cenovus Energy by 9.7% during the third quarter. Geode Capital Management LLC now owns 6,413,919 shares of the oil and gas company's stock valued at $109,232,000 after buying an additional 568,732 shares during the last quarter. Amundi grew its position in shares of Cenovus Energy by 1.7% during the 4th quarter. Amundi now owns 4,678,976 shares of the oil and gas company's stock valued at $71,775,000 after acquiring an additional 77,548 shares during the period. Alberta Investment Management Corp increased its stake in shares of 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 in the last quarter. Recurrent Investment Advisors LLC raised its holdings in Cenovus Energy by 11.6% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 4,100,212 shares of the oil and gas company's stock worth $69,764,000 after purchasing an additional 426,002 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Cenovus Energy by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,958,866 shares of the oil and gas company's stock valued at $59,983,000 after purchasing an additional 305,674 shares in the last quarter. Institutional investors own 51.19% of the company's stock.

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Cenovus Energy Price Performance

CVE traded down $1.64 during trading on Friday, reaching $11.25. 16,767,705 shares of the company traded hands, compared to its average volume of 8,595,707. Cenovus Energy Inc. has a 12-month low of $11.11 and a 12-month high of $21.90. The firm has a fifty day simple moving average of $14.09 and a 200 day simple moving average of $15.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.59. The company has a market cap of $20.51 billion, a P/E ratio of 9.30 and a beta of 1.46.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last announced its quarterly earnings results on Thursday, February 20th. The oil and gas company reported $0.05 earnings per share (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 during the quarter, compared to the consensus estimate of $11.08 billion. On average, equities analysts forecast that Cenovus Energy Inc. will post 1.49 EPS for the current year.

Cenovus Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.1269 per share. This represents a $0.51 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Friday, March 14th. Cenovus Energy's payout ratio is presently 40.50%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CVE shares. StockNews.com downgraded Cenovus Energy from a "buy" rating to a "hold" rating in a research note on Saturday, December 28th. Royal Bank of Canada restated an "outperform" rating and set a $25.00 target price on shares of Cenovus Energy in a research note on Wednesday. Morgan Stanley reiterated an "overweight" rating on shares of Cenovus Energy in a research report on Wednesday, March 26th. 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, Scotiabank raised shares of Cenovus Energy to a "strong-buy" rating in a report on Wednesday, March 19th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $29.00.

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.