AMP Capital Investors Ltd increased its stake in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 38.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 521,267 shares of the oil and gas company’s stock after buying an additional 144,471 shares during the quarter. AMP Capital Investors Ltd’s holdings in Cenovus Energy were worth $5,409,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. D.A. Davidson & CO. lifted its position in shares of Cenovus Energy by 10.0% during the 2nd quarter. D.A. Davidson & CO. now owns 66,107 shares of the oil and gas company’s stock valued at $686,000 after buying an additional 6,001 shares during the last quarter. AMF Pensionsforsakring AB lifted its position in shares of Cenovus Energy by 0.7% during the 1st quarter. AMF Pensionsforsakring AB now owns 987,529 shares of the oil and gas company’s stock valued at $8,403,000 after buying an additional 6,479 shares during the last quarter. Oxbow Advisors LLC lifted its position in shares of Cenovus Energy by 3.2% during the 2nd quarter. Oxbow Advisors LLC now owns 228,160 shares of the oil and gas company’s stock valued at $2,368,000 after buying an additional 7,160 shares during the last quarter. V Wealth Management LLC purchased a new position in shares of Cenovus Energy during the 2nd quarter valued at $132,000. Finally, Sciencast Management LP purchased a new stake in Cenovus Energy during the 1st quarter worth about $133,000. Institutional investors and hedge funds own 74.56% of the company’s stock.
NYSE CVE traded down $0.13 during trading on Monday, reaching $9.96. The company’s stock had a trading volume of 1,354,700 shares, compared to its average volume of 3,950,792. The firm has a market capitalization of $12.32 billion, a P/E ratio of -493.50 and a beta of 0.59. The company has a quick ratio of 0.81, a current ratio of 1.17 and a debt-to-equity ratio of 0.53. Cenovus Energy Inc has a one year low of $7.09 and a one year high of $11.52.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its earnings results on Thursday, July 26th. The oil and gas company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.21). The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.25 billion. Cenovus Energy had a negative return on equity of 6.66% and a negative net margin of 2.56%. During the same quarter in the prior year, the company earned $0.36 earnings per share. As a group, research analysts anticipate that Cenovus Energy Inc will post -0.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a $0.038 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.15 dividend on an annualized basis and a yield of 1.53%. Cenovus Energy’s dividend payout ratio is currently -750.00%.
A number of brokerages recently issued reports on CVE. TheStreet cut Cenovus Energy from a “c-” rating to a “d+” rating in a report on Tuesday, October 2nd. ValuEngine raised Cenovus Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. CIBC began coverage on Cenovus Energy in a report on Friday. They set a “sector outperform” rating on the stock. Macquarie raised Cenovus Energy from an “underperform” rating to a “neutral” rating in a report on Wednesday, August 1st. Finally, Tudor Pickering cut Cenovus Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Cenovus Energy has a consensus rating of “Hold” and a consensus price target of $14.08.
About Cenovus Energy
Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen and natural gas in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as projects in the early stages of development, such as Telephone Lake.
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