Cenovus Energy Inc. (NYSE:CVE) Position Boosted by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its position in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 15.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,484,900 shares of the oil and gas company's stock after buying an additional 200,300 shares during the period. Two Sigma Advisers LP owned approximately 0.08% of Cenovus Energy worth $22,496,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Capital World Investors increased its holdings 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 buying an additional 26,127,617 shares during the last quarter. Capital International Investors increased its holdings 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 buying an additional 382,519 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 buying an additional 4,220,663 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 buying an additional 1,873,415 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Cenovus Energy by 3.6% during the 4th quarter. Invesco Ltd. now owns 8,043,884 shares of the oil and gas company's stock worth $121,865,000 after buying an additional 276,023 shares during the last quarter. 51.19% of the stock is currently owned by institutional investors and hedge funds.

Cenovus Energy Stock Up 2.4%

Shares of Cenovus Energy stock traded up $0.32 during trading hours on Friday, hitting $13.64. 12,808,175 shares of the company's stock traded hands, compared to its average volume of 9,141,277. The stock has a 50 day simple moving average of $12.68 and a 200-day simple moving average of $14.13. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The company has a market cap of $24.86 billion, a PE ratio of 11.27 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.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last announced its earnings results on Thursday, May 8th. The oil and gas company reported $0.32 earnings per share 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 return on equity of 10.73% and a net margin of 5.82%. During the same period last year, the firm earned $0.62 earnings per share. Equities research analysts anticipate that Cenovus Energy Inc. will post 1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CVE has been the subject of a number of research reports. The Goldman Sachs Group decreased their price target on shares of Cenovus Energy from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Veritas cut shares of Cenovus Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. National Bank Financial cut shares of Cenovus Energy from an "outperform" rating to a "sector perform" rating in a research report on Friday, February 21st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $25.00 price target on shares of Cenovus Energy in a research report on Friday, April 11th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Cenovus Energy in a research report on Tuesday, April 15th. Five 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.