Anson Funds Management LP lessened its position in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 87.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 233,781 shares of the oil and gas company's stock after selling 1,644,019 shares during the quarter. Anson Funds Management LP's holdings in Cenovus Energy were worth $3,542,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. Capital World Investors grew its position in shares of Cenovus Energy by 15.8% during the 4th quarter. Capital World Investors now owns 191,412,590 shares of the oil and gas company's stock worth $2,901,131,000 after buying an additional 26,127,617 shares during the period. Capital International Investors lifted its holdings in Cenovus Energy by 0.7% during the fourth quarter. Capital International Investors now owns 53,572,829 shares of the oil and gas company's stock worth $811,769,000 after acquiring an additional 382,519 shares during the period. Dimensional Fund Advisors LP increased its holdings in Cenovus Energy by 48.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,001,002 shares of the oil and gas company's stock worth $196,935,000 after buying an additional 4,220,663 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Cenovus Energy by 29.2% during the 4th quarter. Geode Capital Management LLC now owns 8,287,334 shares of the oil and gas company's stock valued at $128,783,000 after acquiring an additional 1,873,415 shares during the period. Finally, Invesco Ltd. increased its position in Cenovus Energy by 3.6% in the fourth quarter. Invesco Ltd. now owns 8,043,884 shares of the oil and gas company's stock worth $121,865,000 after buying an additional 276,023 shares during the last quarter. 51.19% of the stock is owned by institutional investors.
Cenovus Energy Price Performance
Shares of Cenovus Energy stock traded down $0.08 during trading on Wednesday, hitting $11.77. The stock had a trading volume of 16,963,868 shares, compared to its average volume of 8,722,664. 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 $10.23 and a 12 month high of $21.08. The firm has a market cap of $21.44 billion, a price-to-earnings ratio of 9.72 and a beta of 0.95. The business's 50-day moving average is $12.59 and its 200 day moving average is $14.40.
Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last released its quarterly earnings results on Thursday, February 20th. The oil and gas company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.27). Cenovus Energy had a net margin of 5.82% and a return on equity of 10.73%. The business had revenue of $8.40 billion during the quarter, compared to analysts' expectations of $11.08 billion. As a group, sell-side analysts anticipate that Cenovus Energy Inc. will post 1.49 earnings per share for the current year.
Cenovus Energy Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.1269 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.51 dividend on an annualized basis and a yield of 4.31%. Cenovus Energy's dividend payout ratio is presently 40.50%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on CVE. National Bankshares reissued a "sector perform" rating on shares of Cenovus Energy in a report on Friday, April 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $25.00 price target on shares of Cenovus Energy in a research report on Friday, April 11th. National Bank Financial downgraded shares of Cenovus Energy from an "outperform" rating to a "sector perform" rating in a report on Friday, February 21st. Morgan Stanley reissued an "overweight" rating on shares of Cenovus Energy in a report on Tuesday, April 15th. Finally, The Goldman Sachs Group cut their price target on Cenovus Energy from $18.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Cenovus Energy presently has an average rating of "Moderate Buy" and an average target price of $25.75.
Get Our Latest Stock Report on CVE
Cenovus Energy Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Cenovus Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cenovus Energy wasn't on the list.
While Cenovus Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
