Janus Henderson Group PLC Has $1.54 Million Stock Holdings in Cenovus Energy Inc. (NYSE:CVE)

Janus Henderson Group PLC trimmed its holdings in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 73.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 101,560 shares of the oil and gas company's stock after selling 286,603 shares during the period. Janus Henderson Group PLC's holdings in Cenovus Energy were worth $1,539,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its position in shares of Cenovus Energy by 10.4% in the fourth quarter. Arkadios Wealth Advisors now owns 17,908 shares of the oil and gas company's stock worth $271,000 after purchasing an additional 1,684 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Cenovus Energy during the fourth quarter worth about $682,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its position in shares of Cenovus Energy by 30.3% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 344,000 shares of the oil and gas company's stock valued at $5,212,000 after purchasing an additional 80,000 shares during the period. Blue Trust Inc. lifted its position in Cenovus Energy by 122.2% in the fourth quarter. Blue Trust Inc. now owns 6,809 shares of the oil and gas company's stock worth $114,000 after purchasing an additional 3,744 shares during the period. Finally, Mediolanum International Funds Ltd lifted its holdings in shares of Cenovus Energy by 43.1% during the 4th quarter. Mediolanum International Funds Ltd now owns 120,257 shares of the oil and gas company's stock worth $1,776,000 after acquiring an additional 36,233 shares during the period. Institutional investors and hedge funds own 51.19% of the company's stock.

Cenovus Energy Price Performance

Cenovus Energy stock traded down $0.10 during mid-day trading on Tuesday, reaching $13.54. The company had a trading volume of 5,275,952 shares, compared to its average volume of 9,141,336. The business has a fifty day simple moving average of $12.68 and a 200 day simple moving average of $14.09. The company has a market cap of $24.67 billion, a P/E ratio of 11.20 and a beta of 0.95. 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 fifty-two week low of $10.23 and a fifty-two week high of $21.08.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last issued its earnings results on Thursday, May 8th. The oil and gas company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. Cenovus Energy had a return on equity of 10.73% and a net margin of 5.82%. The business had revenue of $11.15 billion during the quarter, compared to analysts' expectations of $12.39 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. On average, equities research analysts predict that Cenovus Energy Inc. will post 1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CVE. Royal Bank of Canada reaffirmed an "outperform" rating and set a $25.00 price objective on shares of Cenovus Energy in a research note on Friday, April 11th. Veritas lowered shares of Cenovus Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. National Bankshares restated a "sector perform" rating on shares of Cenovus Energy in a report on Friday, April 25th. National Bank Financial cut shares of Cenovus Energy from an "outperform" rating to a "sector perform" rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group cut their price objective on Cenovus Energy from $18.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.75.

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.