Cenovus Energy Inc. (NYSE:CVE) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp increased its holdings in Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,446,229 shares of the oil and gas company's stock after buying an additional 117,568 shares during the quarter. Mackenzie Financial Corp owned about 0.68% of Cenovus Energy worth $188,467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CVE. Capital World Investors grew its stake in shares of Cenovus Energy by 15.8% during the 4th quarter. Capital World Investors now owns 191,412,590 shares of the oil and gas company's stock worth $2,901,131,000 after purchasing an additional 26,127,617 shares during the period. Dimensional Fund Advisors LP grew its stake in 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 valued at $196,935,000 after acquiring an additional 4,220,663 shares during the period. Toronto Dominion Bank grew its stake in Cenovus Energy by 91.7% in the 4th quarter. Toronto Dominion Bank now owns 7,233,491 shares of the oil and gas company's stock valued at $109,515,000 after acquiring an additional 3,460,311 shares during the period. Franklin Resources Inc. grew its stake in Cenovus Energy by 105.0% in 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 acquiring an additional 2,221,549 shares during the period. Finally, Geode Capital Management LLC grew its stake in Cenovus Energy by 29.2% in the 4th quarter. Geode Capital Management LLC now owns 8,287,334 shares of the oil and gas company's stock valued at $128,783,000 after acquiring an additional 1,873,415 shares during the period. Institutional investors and hedge funds own 51.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CVE shares. Scotiabank raised shares of Cenovus Energy to a "strong-buy" rating in a research note on Wednesday, March 19th. Royal Bank of Canada reissued an "outperform" rating and issued a $25.00 price target on shares of Cenovus Energy in a research note on Friday, April 11th. 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. Morgan Stanley reissued an "overweight" rating on shares of Cenovus Energy in a research note on Tuesday, April 15th. Finally, Veritas cut shares of Cenovus Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.75.

Cenovus Energy Price Performance

CVE traded up $0.11 on Thursday, reaching $13.52. 5,654,655 shares of the company's stock were exchanged, compared to its average volume of 9,170,518. The stock has a market cap of $24.64 billion, a PE ratio of 11.18 and a beta of 0.95. Cenovus Energy Inc. has a twelve month low of $10.23 and a twelve month high of $21.08. The stock's fifty day moving average price is $12.65 and its 200-day moving average price is $14.08. 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 posted its quarterly earnings results on Thursday, May 8th. The oil and gas company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates 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 5.82% and a return on equity of 10.73%. During the same period in the previous year, the business posted $0.62 earnings per share. Sell-side analysts expect that Cenovus Energy Inc. will post 1.49 EPS for the current year.

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.