Capital Fund Management S.A. grew its holdings in Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 422.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,981 shares of the oil and gas company’s stock after acquiring an additional 115,600 shares during the quarter. Capital Fund Management S.A.’s holdings in Cenovus Energy were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Marshall Wace LLP bought a new stake in shares of Cenovus Energy in the first quarter valued at approximately $25,000. SeaBridge Investment Advisors LLC boosted its position in shares of Cenovus Energy by 66.7% in the second quarter. SeaBridge Investment Advisors LLC now owns 5,000 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 2,000 shares during the period. K.J. Harrison & Partners Inc bought a new stake in shares of Cenovus Energy in the second quarter valued at approximately $108,000. Picton Mahoney Asset Management bought a new stake in shares of Cenovus Energy in the second quarter valued at approximately $123,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Cenovus Energy by 8.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 14,989 shares of the oil and gas company’s stock valued at $130,000 after acquiring an additional 1,168 shares during the period. 75.67% of the stock is owned by institutional investors.
Cenovus Energy stock opened at $8.72 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 0.54. The stock has a fifty day moving average price of $8.75 and a two-hundred day moving average price of $8.90. Cenovus Energy Inc has a 52-week low of $6.15 and a 52-week high of $10.65. The firm has a market capitalization of $10.59 billion, a P/E ratio of -5.01, a P/E/G ratio of 2.55 and a beta of 0.96.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.07). Cenovus Energy had a negative return on equity of 8.70% and a net margin of 1.25%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the prior year, the company earned ($0.24) earnings per share. On average, equities research analysts predict that Cenovus Energy Inc will post 0.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.038 per share. This is a positive change from Cenovus Energy’s previous quarterly dividend of $0.04. This represents a $0.15 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, September 12th. Cenovus Energy’s dividend payout ratio is currently -8.62%.
Separately, CIBC raised Cenovus Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. Cenovus Energy presently has a consensus rating of “Hold” and a consensus price target of $13.41.
Cenovus Energy Company Profile
Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company’s Oil Sands segment develops and produces bitumen in northeast Alberta. This segment’s bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake.
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