OMERS ADMINISTRATION Corp Has $936,000 Stock Position in Cenovus Energy Inc. (NYSE:CVE)

OMERS ADMINISTRATION Corp reduced its holdings in Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 38.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,806 shares of the oil and gas company's stock after selling 38,795 shares during the period. OMERS ADMINISTRATION Corp's holdings in Cenovus Energy were worth $936,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CVE. Assenagon Asset Management S.A. lifted its stake in Cenovus Energy by 1,289.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 430,781 shares of the oil and gas company's stock worth $6,526,000 after acquiring an additional 399,787 shares in the last quarter. Gateway Investment Advisers LLC lifted its stake in Cenovus Energy by 175.4% in the 4th quarter. Gateway Investment Advisers LLC now owns 103,509 shares of the oil and gas company's stock worth $1,568,000 after acquiring an additional 65,921 shares in the last quarter. Empirical Asset Management LLC purchased a new stake in shares of Cenovus Energy during the 4th quarter worth about $174,000. Arkadios Wealth Advisors raised its stake in shares of Cenovus Energy by 10.4% during the 4th quarter. Arkadios Wealth Advisors now owns 17,908 shares of the oil and gas company's stock worth $271,000 after purchasing an additional 1,684 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in shares of Cenovus Energy by 9.1% during the 4th quarter. Grove Bank & Trust now owns 38,465 shares of the oil and gas company's stock worth $583,000 after purchasing an additional 3,194 shares in the last quarter. 51.19% of the stock is owned by hedge funds and other institutional investors.

Cenovus Energy Stock Performance

Shares of CVE stock traded up $0.32 during trading on Friday, reaching $13.64. The company had a trading volume of 12,808,175 shares, compared to its average volume of 9,141,277. The firm's 50 day simple moving average is $12.68 and its two-hundred day simple moving average is $14.13. 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 Inc. has a one year low of $10.23 and a one year high of $21.08. The company has a market capitalization of $24.86 billion, a PE ratio of 11.27 and a beta 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 for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. Cenovus Energy had a return on equity of 10.73% and a net margin of 5.82%. The business had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $12.39 billion. During the same period last year, the business earned $0.62 EPS. Sell-side analysts forecast that Cenovus Energy Inc. will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CVE. Scotiabank raised Cenovus Energy to a "strong-buy" rating in a research note on Wednesday, March 19th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $25.00 price target on shares of Cenovus Energy in a research note on Friday, April 11th. Morgan Stanley reaffirmed an "overweight" rating on shares of Cenovus Energy in a research note on Tuesday, April 15th. National Bankshares reaffirmed a "sector perform" rating on shares of Cenovus Energy in a research note on Friday, April 25th. Finally, Veritas downgraded Cenovus Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Five investment 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $25.75.

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.