U.S. Capital Wealth Advisors LLC Has $9.11 Million Stake in Cenovus Energy Inc (NYSE:CVE)

U.S. Capital Wealth Advisors LLC boosted its position in shares of Cenovus Energy Inc (NYSE:CVE - Free Report) TSE: CVE by 68.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 655,133 shares of the oil and gas company's stock after purchasing an additional 265,638 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Cenovus Energy were worth $9,113,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CVE. Bank of New York Mellon Corp lifted its holdings in Cenovus Energy by 6.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,162,999 shares of the oil and gas company's stock valued at $17,619,000 after purchasing an additional 72,450 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Cenovus Energy by 8.4% during the 4th 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 during the last quarter. Assetmark Inc. lifted its holdings in Cenovus Energy by 4.8% during the 4th quarter. Assetmark Inc. now owns 141,924 shares of the oil and gas company's stock valued at $2,150,000 after purchasing an additional 6,562 shares during the last quarter. Raymond James Financial Inc. bought a new position in Cenovus Energy during the 4th quarter valued at about $3,649,000. Finally, Banco Santander S.A. lifted its holdings in Cenovus Energy by 5.6% during the 4th quarter. Banco Santander S.A. now owns 30,967 shares of the oil and gas company's stock valued at $469,000 after purchasing an additional 1,641 shares during the last quarter. 51.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CVE has been the subject of a number of research analyst reports. Scotiabank raised shares of Cenovus Energy to a "strong-buy" rating in a research note on Wednesday, March 19th. National Bankshares reaffirmed a "sector perform" rating on shares of Cenovus Energy in a research note on Friday, April 25th. Morgan Stanley reaffirmed an "overweight" rating on shares of Cenovus Energy in a research note on Tuesday, April 15th. Veritas downgraded shares of Cenovus Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, The Goldman Sachs Group dropped their target price on shares of Cenovus Energy from $18.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.75.

Cenovus Energy Trading Down 0.7%

Cenovus Energy stock traded down $0.11 during mid-day trading on Thursday, hitting $14.38. 9,555,661 shares of the company's stock were exchanged, compared to its average volume of 9,886,913. The firm has a market capitalization of $26.01 billion, a P/E ratio of 13.43 and a beta of 0.93. Cenovus Energy Inc has a fifty-two week low of $10.23 and a fifty-two week high of $20.76. The company has a quick ratio of 0.84, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The company's 50 day simple moving average is $13.64 and its 200-day simple moving average is $13.77.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last issued its quarterly earnings data on Thursday, May 8th. The oil and gas company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $12.39 billion. Cenovus Energy had a return on equity of 9.56% and a net margin of 5.22%. During the same quarter last year, the business posted $0.62 EPS. On average, equities analysts anticipate that Cenovus Energy Inc will post 1.49 earnings per share for the current year.

Cenovus Energy Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.20 dividend. This is an increase from Cenovus Energy's previous dividend of $0.11. The ex-dividend date was Friday, June 13th. This represents a dividend yield of 4.25%. Cenovus Energy's dividend payout ratio (DPR) is currently 54.21%.

About Cenovus Energy

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.