Dynasty Wealth Management LLC Acquires 38,276 Shares of Cenovus Energy Inc (NYSE:CVE)

Dynasty Wealth Management LLC increased its holdings in shares of Cenovus Energy Inc (NYSE:CVE - Free Report) TSE: CVE by 151.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,596 shares of the oil and gas company's stock after buying an additional 38,276 shares during the quarter. Dynasty Wealth Management LLC's holdings in Cenovus Energy were worth $885,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CVE. SeaBridge Investment Advisors LLC grew its position in shares of Cenovus Energy by 10.0% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 11,000 shares of the oil and gas company's stock valued at $153,000 after acquiring an additional 1,000 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Cenovus Energy by 53.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 8,030,017 shares of the oil and gas company's stock worth $111,698,000 after purchasing an additional 2,803,862 shares during the period. Cromwell Holdings LLC lifted its position in Cenovus Energy by 1,165.1% during the first quarter. Cromwell Holdings LLC now owns 3,049 shares of the oil and gas company's stock valued at $42,000 after purchasing an additional 2,808 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Cenovus Energy by 377.7% during the 1st quarter. Cerity Partners LLC now owns 61,388 shares of the oil and gas company's stock worth $854,000 after purchasing an additional 48,537 shares during the period. Finally, Mraz Amerine & Associates Inc. increased its position in Cenovus Energy by 43.6% during the 1st quarter. Mraz Amerine & Associates Inc. now owns 266,093 shares of the oil and gas company's stock valued at $3,667,000 after purchasing an additional 80,785 shares during the period. Institutional investors own 51.19% of the company's stock.

Cenovus Energy Trading Down 0.1%

Shares of NYSE:CVE traded down $0.02 during trading on Monday, reaching $14.06. The company's stock had a trading volume of 9,339,404 shares, compared to its average volume of 9,972,388. The stock has a market capitalization of $25.43 billion, a PE ratio of 13.14 and a beta of 0.93. The firm's 50 day simple moving average is $13.93 and its two-hundred day simple moving average is $13.72. Cenovus Energy Inc has a 12 month low of $10.23 and a 12 month high of $20.40. The company has a current ratio of 1.46, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25.

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 firm had revenue of $11.15 billion for the quarter, compared to analyst estimates of $12.39 billion. Cenovus Energy had a net margin of 5.22% and a return on equity of 9.56%. During the same period in the prior year, the business posted $0.62 EPS. On average, research analysts predict that Cenovus Energy Inc will post 1.49 EPS for the current fiscal year.

Cenovus Energy Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CVE shares. Morgan Stanley restated an "overweight" rating on shares of Cenovus Energy in a research report on Tuesday, April 15th. National Bankshares reiterated a "sector perform" rating on shares of Cenovus Energy in a report on Friday, April 25th. Veritas downgraded shares of Cenovus Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. The Goldman Sachs Group decreased their price target on shares of Cenovus Energy from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $25.00 target price on shares of Cenovus Energy in a research note on Friday, April 11th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.00.

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.