Renaissance Technologies LLC Has $27.14 Million Stock Holdings in Cenovus Energy Inc. (NYSE:CVE)

Renaissance Technologies LLC boosted its position in shares of Cenovus Energy Inc. (NYSE:CVE) (TSE:CVE) by 49.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,380,200 shares of the oil and gas company’s stock after buying an additional 457,094 shares during the quarter. Renaissance Technologies LLC owned approximately 0.07% of Cenovus Energy worth $27,135,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Capital World Investors lifted its holdings in Cenovus Energy by 5.4% during the 4th quarter. Capital World Investors now owns 150,534,829 shares of the oil and gas company’s stock worth $2,508,185,000 after buying an additional 7,750,480 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Cenovus Energy by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 48,563,284 shares of the oil and gas company’s stock valued at $970,780,000 after purchasing an additional 1,008,341 shares during the period. TD Asset Management Inc lifted its stake in shares of Cenovus Energy by 26.5% in the 4th quarter. TD Asset Management Inc now owns 42,191,779 shares of the oil and gas company’s stock valued at $706,503,000 after purchasing an additional 8,841,374 shares during the period. Boston Partners lifted its stake in shares of Cenovus Energy by 29.0% in the 1st quarter. Boston Partners now owns 37,540,511 shares of the oil and gas company’s stock valued at $750,435,000 after purchasing an additional 8,438,979 shares during the period. Finally, Capital International Investors lifted its stake in shares of Cenovus Energy by 216.3% in the 1st quarter. Capital International Investors now owns 33,927,436 shares of the oil and gas company’s stock valued at $678,250,000 after purchasing an additional 23,202,018 shares during the period. Institutional investors and hedge funds own 51.19% of the company’s stock.

Cenovus Energy Price Performance

CVE opened at $17.23 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 0.25. Cenovus Energy Inc. has a 12 month low of $14.69 and a 12 month high of $21.90. The company has a fifty day simple moving average of $18.63 and a 200 day simple moving average of $19.43. The stock has a market cap of $32.04 billion, a P/E ratio of 9.53 and a beta of 2.05.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its quarterly earnings data on Thursday, August 1st. The oil and gas company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.13). Cenovus Energy had a net margin of 8.56% and a return on equity of 16.61%. The firm had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $9.78 billion. On average, research analysts expect that Cenovus Energy Inc. will post 1.85 EPS for the current year.

Cenovus Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.132 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Friday, September 13th. Cenovus Energy’s dividend payout ratio is currently 29.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Scotiabank cut their price target on Cenovus Energy from $35.00 to $34.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Raymond James raised Cenovus Energy to a “moderate buy” rating in a research note on Tuesday, May 28th. Finally, StockNews.com downgraded Cenovus Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Cenovus Energy presently has a consensus rating of “Buy” and an average target price of $30.67.

Cenovus Energy Company Profile

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.