Boston Partners Decreases Stock Holdings in Cenovus Energy Inc. (NYSE:CVE)

Boston Partners cut its stake in shares of Cenovus Energy Inc. (NYSE:CVE - Free Report) TSE: CVE by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,101,532 shares of the oil and gas company's stock after selling 311,112 shares during the quarter. Boston Partners owned 1.55% of Cenovus Energy worth $536,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in 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 acquiring an additional 690,057 shares during the last quarter. Wellington Management Group LLP lifted its position in Cenovus Energy by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 47,327,214 shares of the oil and gas company's stock worth $986,334,000 after buying an additional 388,652 shares during the last quarter. Mackenzie Financial Corp lifted its position in Cenovus Energy by 4.4% in the 4th 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 during the last quarter. Ninepoint Partners LP boosted its stake in Cenovus Energy by 4.5% in the fourth quarter. Ninepoint Partners LP now owns 9,200,000 shares of the oil and gas company's stock worth $153,180,000 after buying an additional 400,000 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Cenovus Energy by 28.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,390,287 shares of the oil and gas company's stock valued at $153,864,000 after acquiring an additional 1,653,090 shares during the last quarter. Hedge funds and other institutional investors own 51.19% of the company's stock.

Cenovus Energy Trading Down 1.2 %

NYSE:CVE traded down $0.24 during mid-day trading on Friday, reaching $20.53. 3,930,727 shares of the company's stock traded hands, compared to its average volume of 9,370,658. Cenovus Energy Inc. has a 12-month low of $14.69 and a 12-month high of $21.90. The firm has a market capitalization of $38.13 billion, a price-to-earnings ratio of 11.41 and a beta of 2.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.70 and a quick ratio of 1.01. The company has a 50 day moving average price of $20.06 and a 200-day moving average price of $18.04.

Cenovus Energy (NYSE:CVE - Get Free Report) TSE: CVE last announced its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $9.73 billion. During the same quarter in the previous year, the business earned $0.29 EPS. On average, sell-side analysts predict that Cenovus Energy Inc. will post 1.92 earnings per share for the current year.

Cenovus Energy Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a dividend of $0.0981 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.73%. Cenovus Energy's dividend payout ratio (DPR) is 22.78%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CVE shares. Morgan Stanley upped their price objective on shares of Cenovus Energy from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, March 28th. StockNews.com upgraded Cenovus Energy from a "buy" rating to a "strong-buy" rating in a report on Friday, May 3rd. Royal Bank of Canada restated an "outperform" rating and set a $28.00 price target on shares of Cenovus Energy in a research report on Friday, January 26th. Finally, UBS Group upgraded shares of Cenovus Energy from a "neutral" rating to a "buy" rating in a report on Friday, February 23rd. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Cenovus Energy presently has an average rating of "Buy" and an average price target of $26.67.

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.