Mraz Amerine & Associates Inc. Grows Stock Holdings in Cenovus Energy Inc (NYSE:CVE)

Mraz Amerine & Associates Inc. increased its position in shares of Cenovus Energy Inc (NYSE:CVE - Free Report) TSE: CVE by 43.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 266,093 shares of the oil and gas company's stock after purchasing an additional 80,785 shares during the quarter. Cenovus Energy accounts for approximately 0.6% of Mraz Amerine & Associates Inc.'s investment portfolio, making the stock its 24th largest holding. Mraz Amerine & Associates Inc.'s holdings in Cenovus Energy were worth $3,667,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in 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 purchasing an additional 851 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of Cenovus Energy in the 1st quarter valued at about $38,000. Natixis acquired a new position in Cenovus Energy during the fourth quarter worth $98,000. Clarius Group LLC acquired a new position in Cenovus Energy during the first quarter worth $150,000. Finally, Black Maple Capital Management LP purchased a new position in shares of Cenovus Energy in the fourth quarter valued at approximately $167,000. Institutional investors and hedge funds own 51.19% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada restated an "outperform" rating and set a $25.00 price target on shares of Cenovus Energy in a research report on Friday, April 11th. The Goldman Sachs Group dropped their target price on Cenovus Energy from $18.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. National Bankshares restated a "sector perform" rating on shares of Cenovus Energy in a report on Friday, April 25th. Scotiabank upgraded Cenovus Energy to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Veritas cut Cenovus Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Cenovus Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.75.

Cenovus Energy Stock Down 1.2%

CVE traded down $0.18 on Thursday, hitting $14.30. 5,910,688 shares of the company were exchanged, compared to its average volume of 9,874,480. Cenovus Energy Inc has a twelve month low of $10.23 and a twelve month high of $20.76. The firm has a 50-day moving average price of $13.64 and a two-hundred day moving average price of $13.77. 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 company has a market cap of $25.88 billion, a price-to-earnings ratio of 13.40 and a beta of 0.93.

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 for the quarter, topping the consensus estimate of $0.29 by $0.03. Cenovus Energy had a return on equity of 9.56% and a net margin of 5.22%. The business had revenue of $11.15 billion for the quarter, compared to analyst estimates of $12.39 billion. During the same quarter last year, the company earned $0.62 EPS. On average, equities analysts predict that Cenovus Energy Inc will post 1.49 earnings per share for the current year.

Cenovus Energy Increases Dividend

The business also recently declared 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 yield of 4.25%. Cenovus Energy's 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.