Dimensional Fund Advisors LP lessened its stake in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 1.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,789,246 shares of the oil and gas company’s stock after selling 53,635 shares during the quarter. Dimensional Fund Advisors LP owned about 0.31% of Cenovus Energy worth $37,968,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sowell Financial Services LLC acquired a new stake in Cenovus Energy in the 3rd quarter worth about $106,000. Timber Hill LLC acquired a new stake in Cenovus Energy in the 3rd quarter worth about $114,000. Cutler Capital Management LLC acquired a new stake in Cenovus Energy in the 3rd quarter worth about $125,000. Point View Wealth Management Inc. acquired a new stake in Cenovus Energy in the 3rd quarter worth about $133,000. Finally, Commonwealth Equity Services Inc acquired a new stake in Cenovus Energy in the 3rd quarter worth about $138,000. Institutional investors own 56.85% of the company’s stock.
Several equities analysts have recently commented on CVE shares. Zacks Investment Research cut shares of Cenovus Energy from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Scotiabank cut shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, November 15th. AltaCorp Capital cut shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research report on Thursday, November 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $15.00 price target on shares of Cenovus Energy in a report on Monday, October 16th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $15.50 price target on shares of Cenovus Energy in a report on Thursday, October 19th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Cenovus Energy currently has an average rating of “Hold” and an average target price of $14.42.
Cenovus Energy Inc (NYSE CVE) traded down $0.54 on Friday, reaching $8.91. 3,140,000 shares of the company’s stock were exchanged, compared to its average volume of 3,480,000. The company has a market cap of $10,310.00, a price-to-earnings ratio of 3.86, a price-to-earnings-growth ratio of 7.00 and a beta of 0.67. Cenovus Energy Inc has a 52-week low of $6.76 and a 52-week high of $14.46. The company has a quick ratio of 1.10, a current ratio of 1.41 and a debt-to-equity ratio of 0.62.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.10. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $4.07 billion. Cenovus Energy had a net margin of 17.45% and a return on equity of 6.19%. research analysts expect that Cenovus Energy Inc will post 0.61 EPS for the current fiscal year.
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Cenovus Energy Profile
Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the U.S., as well as Corporate and Eliminations.
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