Alamea Verwaltungs GmbH Takes Position in Cenovus Energy Inc $CVE

Key Points

• Alamea Verwaltungs GmbH has invested approximately $612,000 in Cenovus Energy Inc by acquiring 43,962 shares, as reported in their recent SEC filing.
• During the 1st quarter, several institutional investors increased their stakes in Cenovus Energy, with notable increases from Vanguard Group Inc and Mackenzie Financial Corp.
• Cenovus Energy's recent earnings report showed an EPS of $0.33, surpassing analyst expectations, and the company has announced a quarterly dividend yielding 4.8% for its shareholders.

Alamea Verwaltungs GmbH bought a new position in shares of Cenovus Energy Inc (NYSE:CVE - Free Report) TSE: CVE during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,962 shares of the oil and gas company's stock, valued at approximately $612,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Twin Tree Management LP acquired a new position in Cenovus Energy in the first quarter valued at approximately $11,042,000. Magnetar Financial LLC acquired a new position in Cenovus Energy in the first quarter valued at approximately $210,000. Smead Capital Management Inc. boosted its holdings in Cenovus Energy by 2.5% in the first quarter. Smead Capital Management Inc. now owns 15,495,912 shares of the oil and gas company's stock valued at $215,418,000 after purchasing an additional 372,680 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its holdings in Cenovus Energy by 62.1% in the first quarter. OMERS ADMINISTRATION Corp now owns 100,181 shares of the oil and gas company's stock valued at $1,392,000 after purchasing an additional 38,375 shares in the last quarter. Finally, Portland Investment Counsel Inc. acquired a new position in Cenovus Energy in the first quarter valued at approximately $19,944,000. 51.19% of the stock is owned by institutional investors and hedge funds.

Cenovus Energy Price Performance

Cenovus Energy stock traded down $0.47 during midday trading on Wednesday, reaching $16.51. The company's stock had a trading volume of 10,111,727 shares, compared to its average volume of 13,176,634. Cenovus Energy Inc has a fifty-two week low of $10.23 and a fifty-two week high of $18.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.78 and a current ratio of 1.32. The stock's 50 day simple moving average is $14.94 and its 200 day simple moving average is $13.81. The firm has a market capitalization of $29.69 billion, a PE ratio of 16.34 and a beta of 0.99.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last released its earnings results on Thursday, July 31st. The oil and gas company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.19. Cenovus Energy had a return on equity of 9.06% and a net margin of 5.18%.The company had revenue of $10.66 billion during the quarter, compared to the consensus estimate of $10.64 billion. During the same quarter last year, the company earned $0.62 earnings per share. Cenovus Energy's quarterly revenue was down 12.6% compared to the same quarter last year. On average, equities research analysts forecast that Cenovus Energy Inc will post 1.49 earnings per share for the current year.

Cenovus Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 4.8%. Cenovus Energy's dividend payout ratio (DPR) is 57.43%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CVE shares. Royal Bank Of Canada upped their price target on Cenovus Energy from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Veritas downgraded Cenovus Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. UBS Group reissued a "buy" rating on shares of Cenovus Energy in a report on Monday, August 25th. National Bankshares raised Cenovus Energy from a "sector perform" rating to an "outperform" rating in a report on Friday, August 22nd. Finally, Wall Street Zen raised Cenovus Energy from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Cenovus Energy currently has an average rating of "Buy" and an average target price of $23.33.

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.