Fiera Capital Corp cut its holdings in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 48.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,015,170 shares of the oil and gas company’s stock after selling 947,567 shares during the quarter. Fiera Capital Corp owned about 0.08% of Cenovus Energy worth $7,471,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. FNY Partners Fund LP acquired a new position in Cenovus Energy during the first quarter worth about $113,000. Neuberger Berman Group LLC boosted its position in Cenovus Energy by 7.4% during the first quarter. Neuberger Berman Group LLC now owns 12,992 shares of the oil and gas company’s stock worth $147,000 after acquiring an additional 900 shares during the last quarter. Acadian Asset Management LLC boosted its position in Cenovus Energy by 51.6% during the first quarter. Acadian Asset Management LLC now owns 13,800 shares of the oil and gas company’s stock worth $156,000 after acquiring an additional 4,700 shares during the last quarter. Allegis Investment Advisors LLC boosted its position in Cenovus Energy by 16.9% during the second quarter. Allegis Investment Advisors LLC now owns 13,933 shares of the oil and gas company’s stock worth $103,000 after acquiring an additional 2,016 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new position in Cenovus Energy during the second quarter worth about $110,000. Hedge funds and other institutional investors own 56.17% of the company’s stock.
Cenovus Energy Inc (NYSE:CVE) opened at 9.04 on Friday. Cenovus Energy Inc has a one year low of $6.76 and a one year high of $16.82. The stock has a 50 day moving average of $8.02 and a 200 day moving average of $9.27. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 3.80 and a beta of 0.56.
Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its earnings results on Thursday, July 27th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.24. Cenovus Energy had a net margin of 17.89% and a return on equity of 3.20%. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period last year, the company earned ($0.05) earnings per share. Analysts forecast that Cenovus Energy Inc will post $0.40 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.039 dividend. The ex-dividend date is Thursday, September 14th. This is a boost from Cenovus Energy’s previous quarterly dividend of $0.04. This represents a $0.16 annualized dividend and a dividend yield of 1.73%. Cenovus Energy’s dividend payout ratio (DPR) is currently 8.89%.
A number of research firms recently weighed in on CVE. Canaccord Genuity restated a “buy” rating and set a $14.00 price target on shares of Cenovus Energy in a research report on Tuesday, September 5th. BidaskClub lowered shares of Cenovus Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. ValuEngine upgraded shares of Cenovus Energy from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Cenovus Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Morgan Stanley lowered shares of Cenovus Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 19th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Cenovus Energy has a consensus rating of “Hold” and a consensus price target of $17.04.
About Cenovus Energy
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