XTX Topco Ltd Buys Shares of 22,037 Cenovus Energy Inc (NYSE:CVE)

XTX Topco Ltd acquired a new position in shares of Cenovus Energy Inc (NYSE:CVE - Free Report) TSE: CVE during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 22,037 shares of the oil and gas company's stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital World Investors boosted its holdings in Cenovus Energy by 15.8% during the fourth 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 in the last quarter. Capital International Investors raised its position in shares of Cenovus Energy by 0.7% in the fourth quarter. Capital International Investors now owns 53,572,829 shares of the oil and gas company's stock valued at $811,769,000 after buying an additional 382,519 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Cenovus Energy by 56.5% in the first quarter. Mackenzie Financial Corp now owns 19,481,233 shares of the oil and gas company's stock valued at $270,742,000 after buying an additional 7,035,004 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Cenovus Energy by 48.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,001,002 shares of the oil and gas company's stock worth $196,935,000 after purchasing an additional 4,220,663 shares during the last quarter. Finally, Invesco Ltd. increased its position in Cenovus Energy by 3.6% during the fourth quarter. Invesco Ltd. now owns 8,043,884 shares of the oil and gas company's stock worth $121,865,000 after purchasing an additional 276,023 shares during the last quarter. 51.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Cenovus Energy from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. The Goldman Sachs Group decreased their target price on shares of Cenovus Energy from $18.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Veritas downgraded shares of Cenovus Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. National Bankshares restated a "sector perform" rating on shares of Cenovus Energy in a research note on Friday, April 25th. Finally, Royal Bank Of Canada upped their target price on shares of Cenovus Energy from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Five investment 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 has an average rating of "Moderate Buy" and an average price target of $23.33.

Cenovus Energy Stock Performance

Shares of NYSE:CVE traded down $0.06 on Friday, reaching $15.08. 1,505,116 shares of the company's stock were exchanged, compared to its average volume of 11,931,618. The firm has a market capitalization of $27.22 billion, a price-to-earnings ratio of 14.94 and a beta of 0.97. Cenovus Energy Inc has a fifty-two week low of $10.23 and a fifty-two week high of $20.03. The business's 50-day moving average is $14.42 and its two-hundred day moving average is $13.70. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.24.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last issued its earnings results on Thursday, July 31st. The oil and gas company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.19. The company had revenue of $10.66 billion for the quarter, compared to analysts' expectations of $10.64 billion. Cenovus Energy had a net margin of 5.18% and a return on equity of 9.06%. The firm's revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share. As a group, equities research analysts forecast that Cenovus Energy Inc will post 1.49 EPS for the current year.

Cenovus Energy Increases Dividend

The firm 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 dividend yield of 425.0%. This is a positive change from Cenovus Energy's previous dividend of $0.11. The ex-dividend date of this dividend was Friday, June 13th. Cenovus Energy's dividend payout ratio is currently 57.43%.

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.