Cenovus Energy Inc. (NYSE:CVE) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,626,035 shares of the oil and gas company's stock after selling 170,700 shares during the period. Swiss National Bank owned about 0.25% of Cenovus Energy worth $77,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Panview Asian Equity Master Fund boosted its holdings in Cenovus Energy by 63.5% during the fourth quarter. Panview Asian Equity Master Fund now owns 515,000 shares of the oil and gas company's stock worth $8,575,000 after buying an additional 200,000 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Cenovus Energy by 4.4% during the fourth quarter. Mackenzie Financial Corp now owns 11,053,328 shares of the oil and gas company's stock worth $184,278,000 after buying an additional 462,273 shares in the last quarter. Canoe Financial LP boosted its holdings in Cenovus Energy by 20.0% during the third quarter. Canoe Financial LP now owns 1,406,395 shares of the oil and gas company's stock worth $29,282,000 after buying an additional 234,500 shares in the last quarter. Deutsche Bank AG boosted its holdings in Cenovus Energy by 16.2% during the third quarter. Deutsche Bank AG now owns 1,422,158 shares of the oil and gas company's stock worth $29,609,000 after buying an additional 198,062 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Cenovus Energy by 1.4% in the third quarter. Vanguard Group Inc. now owns 49,480,149 shares of the oil and gas company's stock valued at $1,030,177,000 after purchasing an additional 690,057 shares in the last quarter. Hedge funds and other institutional investors own 51.19% of the company's stock.

Cenovus Energy Stock Down 0.4 %

Shares of CVE traded down $0.08 during mid-day trading on Friday, reaching $20.49. The company's stock had a trading volume of 8,227,200 shares, compared to its average volume of 10,314,023. Cenovus Energy Inc. has a 1 year low of $14.69 and a 1 year high of $21.90. The company has a quick ratio of 0.91, a current ratio of 1.70 and a debt-to-equity ratio of 0.25. The company has a market cap of $38.22 billion, a price-to-earnings ratio of 11.38 and a beta of 2.10. The business has a fifty day moving average of $19.74 and a 200 day moving average of $18.02.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last released its earnings results on Thursday, February 15th. The oil and gas company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. Cenovus Energy had a return on equity of 16.53% and a net margin of 8.73%. The company had revenue of $9.65 billion for the quarter, compared to analysts' expectations of $9.73 billion. During the same quarter in the previous year, the business posted $0.29 EPS. As a group, analysts forecast that Cenovus Energy Inc. will post 1.88 earnings per share for the current fiscal year.

Cenovus Energy Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.0981 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend is Thursday, May 16th. Cenovus Energy's dividend payout ratio (DPR) is currently 22.78%.

Analysts Set New Price Targets

CVE has been the topic of several recent research reports. StockNews.com raised shares of Cenovus Energy from a "buy" rating to a "strong-buy" rating in a report on Friday. UBS Group raised shares of Cenovus Energy from a "neutral" rating to a "buy" rating in a report on Friday, February 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $28.00 price target on shares of Cenovus Energy in a report on Friday, January 26th. Finally, Morgan Stanley upped their price target on shares of Cenovus Energy from $28.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Cenovus Energy currently has an average rating of "Buy" and a consensus target price of $26.67.

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.