Cenovus Energy Inc. (NYSE:CVE) Shares Sold by Wexford Capital LP

Wexford Capital LP lessened its holdings in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 568,466 shares of the oil and gas company's stock after selling 43,962 shares during the quarter. Cenovus Energy makes up about 1.4% of Wexford Capital LP's investment portfolio, making the stock its 8th biggest position. Wexford Capital LP's holdings in Cenovus Energy were worth $8,612,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Toronto Dominion Bank raised its position in shares of 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 worth $109,515,000 after buying an additional 3,460,311 shares during the period. Franklin Resources Inc. raised its position in shares of 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 worth $65,667,000 after buying an additional 2,221,549 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Cenovus Energy by 4.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,226,155 shares of the oil and gas company's stock worth $79,176,000 after buying an additional 245,302 shares during the period. Polar Asset Management Partners Inc. raised its position in shares of Cenovus Energy by 79.8% in the 4th quarter. Polar Asset Management Partners Inc. now owns 125,637 shares of the oil and gas company's stock worth $1,903,000 after buying an additional 55,780 shares during the period. Finally, Amundi raised its position in shares of Cenovus Energy by 1.7% in the 4th quarter. Amundi now owns 4,678,976 shares of the oil and gas company's stock worth $71,775,000 after buying an additional 77,548 shares during the period. Hedge funds and other institutional investors own 51.19% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CVE. Scotiabank upgraded Cenovus Energy to a "strong-buy" rating in a report on Wednesday, March 19th. National Bank Financial lowered Cenovus Energy from an "outperform" rating to a "sector perform" rating in a research report on Friday, February 21st. Veritas lowered Cenovus Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Morgan Stanley reissued an "overweight" rating on shares of Cenovus Energy in a research report on Tuesday, April 15th. Finally, National Bankshares reissued a "sector perform" rating on shares of Cenovus Energy in a research report on Friday, April 25th. Five investment 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's stock. Based on data from MarketBeat.com, Cenovus Energy presently has an average rating of "Moderate Buy" and an average target price of $25.75.

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.

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.