Janus Henderson Group PLC Sells 286,603 Shares of Cenovus Energy Inc. (NYSE:CVE)

Janus Henderson Group PLC trimmed its holdings in Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 73.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,560 shares of the oil and gas company's stock after selling 286,603 shares during the quarter. Janus Henderson Group PLC's holdings in Cenovus Energy were worth $1,539,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Capital World Investors boosted its stake in Cenovus Energy by 15.8% during the fourth quarter. Capital World Investors now owns 191,412,590 shares of the oil and gas company's stock valued at $2,901,131,000 after buying an additional 26,127,617 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Cenovus Energy by 48.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,001,002 shares of the oil and gas company's stock worth $196,935,000 after purchasing an additional 4,220,663 shares during the period. Franklin Resources Inc. raised its holdings in Cenovus Energy by 105.0% during the 4th quarter. Franklin Resources Inc. now owns 4,337,551 shares of the oil and gas company's stock valued at $65,667,000 after buying an additional 2,221,549 shares during the period. Geode Capital Management LLC lifted its position in Cenovus Energy by 29.2% in the fourth quarter. Geode Capital Management LLC now owns 8,287,334 shares of the oil and gas company's stock worth $128,783,000 after buying an additional 1,873,415 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Cenovus Energy by 36.3% during the fourth quarter. Renaissance Technologies LLC now owns 4,378,894 shares of the oil and gas company's stock worth $66,340,000 after buying an additional 1,166,294 shares during the period. 51.19% of the stock is owned by hedge funds and other institutional investors.

Cenovus Energy Stock Down 1.4%

Shares of NYSE:CVE traded down $0.20 during trading hours on Wednesday, hitting $13.39. The company's stock had a trading volume of 726,196 shares, compared to its average volume of 9,131,391. The firm's fifty day moving average price is $12.67 and its 200 day moving average price is $14.08. Cenovus Energy Inc. has a 52 week low of $10.23 and a 52 week high of $21.08. The company has a market capitalization of $24.40 billion, a price-to-earnings ratio of 11.07 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 0.95.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $11.15 billion for the quarter, compared to analyst estimates of $12.39 billion. Cenovus Energy had a net margin of 5.82% and a return on equity of 10.73%. During the same period last year, the company posted $0.62 earnings per share. As a group, research analysts expect that Cenovus Energy Inc. will post 1.49 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CVE shares. The Goldman Sachs Group cut their price target on shares of Cenovus Energy from $18.00 to $16.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Morgan Stanley reiterated an "overweight" rating on shares of Cenovus Energy in a report on Tuesday, April 15th. Veritas cut Cenovus Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. National Bankshares reiterated a "sector perform" rating on shares of Cenovus Energy in a research note on Friday, April 25th. Finally, National Bank Financial cut shares of Cenovus Energy from an "outperform" rating to a "sector perform" rating in a report on Friday, February 21st. Five equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.75.

Cenovus Energy 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.