Cenovus Energy Inc (NYSE:CVE) Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lessened its holdings in Cenovus Energy Inc (NYSE:CVE - Free Report) TSE: CVE by 75.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,136 shares of the oil and gas company's stock after selling 247,909 shares during the period. K.J. Harrison & Partners Inc's holdings in Cenovus Energy were worth $1,143,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CVE. Farther Finance Advisors LLC raised its stake in shares of Cenovus Energy by 104.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,662 shares of the oil and gas company's stock valued at $25,000 after acquiring an additional 851 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new stake in Cenovus Energy during the 1st quarter worth about $38,000. Natixis acquired a new stake in Cenovus Energy in the 4th quarter valued at about $98,000. Clarius Group LLC purchased a new position in shares of Cenovus Energy in the 1st quarter valued at about $150,000. Finally, Black Maple Capital Management LP purchased a new position in shares of Cenovus Energy in the 4th quarter valued at about $167,000. Institutional investors and hedge funds own 51.19% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CVE. The Goldman Sachs Group cut their target price on shares of Cenovus Energy from $18.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. National Bankshares restated a "sector perform" rating on shares of Cenovus Energy in a report on Friday, April 25th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $25.00 price objective on shares of Cenovus Energy in a research report on Friday, April 11th. Scotiabank raised Cenovus Energy to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Morgan Stanley restated an "overweight" rating on shares of Cenovus Energy in a research note on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Cenovus Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.75.

Cenovus Energy Stock Up 2.1%

Shares of NYSE CVE traded up $0.29 during mid-day trading on Tuesday, reaching $13.89. The company had a trading volume of 6,507,770 shares, compared to its average volume of 9,781,428. The firm has a 50 day simple moving average of $13.37 and a two-hundred day simple moving average of $13.78. Cenovus Energy Inc has a 52-week low of $10.23 and a 52-week high of $20.76. The company has a current ratio of 1.46, a quick ratio of 0.84 and a debt-to-equity ratio of 0.25. The stock has a market cap of $25.13 billion, a P/E ratio of 12.98 and a beta of 0.93.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last released 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 during the quarter, compared to the consensus estimate of $12.39 billion. Cenovus Energy had a net margin of 5.22% and a return on equity of 9.56%. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Sell-side analysts predict that Cenovus Energy Inc will post 1.49 earnings per share for the current year.

Cenovus Energy Increases Dividend

The company also recently announced a dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from Cenovus Energy's previous dividend of $0.11. This represents a dividend yield of 4.25%. Cenovus Energy's dividend payout ratio is 54.21%.

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.