Candriam Luxembourg S.C.A. boosted its stake in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 269.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,919 shares of the oil and gas company’s stock after buying an additional 40,778 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Cenovus Energy were worth $559,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Allegis Investment Advisors LLC lifted its holdings in shares of Cenovus Energy by 16.9% in the second quarter. Allegis Investment Advisors LLC now owns 13,933 shares of the oil and gas company’s stock worth $103,000 after buying an additional 2,016 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Cenovus Energy in the third quarter valued at approximately $143,000. Cigna Investments Inc. New purchased a new stake in Cenovus Energy in the second quarter valued at approximately $110,000. First Commonwealth Financial Corp PA purchased a new position in shares of Cenovus Energy during the second quarter worth approximately $114,000. Finally, Sciencast Management LP purchased a new position in shares of Cenovus Energy during the second quarter worth approximately $124,000. Institutional investors own 56.84% of the company’s stock.
Cenovus Energy Inc (CVE) traded down $0.39 during mid-day trading on Wednesday, reaching $9.28. The company’s stock had a trading volume of 2,976,766 shares, compared to its average volume of 4,196,428. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.10 and a current ratio of 1.41. Cenovus Energy Inc has a twelve month low of $6.76 and a twelve month high of $16.82. The stock has a market capitalization of $12,017.57, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 2.82 and a beta of 0.61.
Several research analysts have recently issued reports on the stock. BidaskClub cut shares of Cenovus Energy from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Scotiabank lowered Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, November 15th. Canaccord Genuity reaffirmed a “buy” rating and issued a $14.50 price target on shares of Cenovus Energy in a research report on Monday, September 25th. Zacks Investment Research lowered Cenovus Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $15.00 price target on shares of Cenovus Energy in a research note on Monday, October 16th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $16.06.
About Cenovus Energy
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