Cenovus Energy Inc (NYSE:CVE) Position Increased by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. grew its holdings in shares of Cenovus Energy Inc (NYSE:CVE - Free Report) TSE: CVE by 43.6% during the 1st quarter, according to its most recent 13F filing with the Securities and 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 period. Cenovus Energy makes up about 0.6% of Mraz Amerine & Associates Inc.'s holdings, making the stock its 24th biggest position. Mraz Amerine & Associates Inc.'s holdings in Cenovus Energy were worth $3,667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CVE. Capital World Investors boosted 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 acquiring an additional 26,127,617 shares in the last quarter. Capital International Investors boosted its stake in shares of Cenovus Energy by 0.7% during the 4th quarter. Capital International Investors now owns 53,572,829 shares of the oil and gas company's stock worth $811,769,000 after acquiring an additional 382,519 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Cenovus Energy by 48.1% during 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 acquiring an additional 4,220,663 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Cenovus Energy by 1.0% during the 4th quarter. Mackenzie Financial Corp now owns 12,446,229 shares of the oil and gas company's stock worth $188,467,000 after acquiring an additional 117,568 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Cenovus Energy by 29.2% during the 4th quarter. Geode Capital Management LLC now owns 8,287,334 shares of the oil and gas company's stock worth $128,783,000 after acquiring an additional 1,873,415 shares in the last quarter. Institutional investors and hedge funds own 51.19% of the company's stock.

Cenovus Energy Stock Up 2.1%

Shares of Cenovus Energy stock traded up $0.30 during trading hours on Friday, hitting $14.67. 8,386,483 shares of the company's stock traded hands, compared to its average volume of 9,941,654. The stock has a 50 day simple moving average of $13.74 and a 200-day simple moving average of $13.76. The company has a quick ratio of 0.84, a current ratio of 1.46 and a debt-to-equity ratio of 0.25. The company has a market cap of $26.54 billion, a PE ratio of 13.71 and a beta of 0.93. Cenovus Energy Inc has a twelve month low of $10.23 and a twelve month high of $20.76.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last released its earnings results on Thursday, May 8th. The oil and gas company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. Cenovus Energy had a return on equity of 9.56% and a net margin of 5.22%. The company had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $12.39 billion. During the same quarter last year, the business posted $0.62 EPS. Equities research analysts anticipate that Cenovus Energy Inc will post 1.49 earnings per share for the current fiscal year.

Cenovus Energy Increases Dividend

The company also recently announced a dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $0.20 per share. This represents a yield of 4.25%. The ex-dividend date of this dividend was Friday, June 13th. This is an increase from Cenovus Energy's previous dividend of $0.11. Cenovus Energy's dividend payout ratio (DPR) is currently 54.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Scotiabank raised Cenovus Energy to a "strong-buy" rating in a research note on Wednesday, March 19th. Veritas lowered Cenovus Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group reduced their target price on 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 reaffirmed a "sector perform" rating on shares of Cenovus Energy in a research note on Friday, April 25th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Cenovus Energy in a research note on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock 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.