Cenovus Energy Inc. (NYSE:CVE) Shares Sold by DRW Securities LLC

DRW Securities LLC reduced its holdings in shares of Cenovus Energy Inc. (NYSE:CVE) (TSE:CVE) by 44.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 62,989 shares of the oil and gas company’s stock after selling 50,000 shares during the period. DRW Securities LLC’s holdings in Cenovus Energy were worth $1,253,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Capital World Investors raised its stake in shares of Cenovus Energy by 5.4% during the fourth quarter. Capital World Investors now owns 150,534,829 shares of the oil and gas company’s stock worth $2,508,185,000 after purchasing an additional 7,750,480 shares during the last quarter. Vanguard Group Inc. raised its position in Cenovus Energy by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 48,563,284 shares of the oil and gas company’s stock worth $970,780,000 after buying an additional 1,008,341 shares during the last quarter. 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 worth $706,503,000 after acquiring an additional 8,841,374 shares during the period. Boston Partners boosted its holdings in shares of Cenovus Energy by 29.0% in the first quarter. Boston Partners now owns 37,540,511 shares of the oil and gas company’s stock valued at $750,435,000 after acquiring an additional 8,438,979 shares in the last quarter. Finally, Capital International Investors boosted its holdings in shares of Cenovus Energy by 216.3% in the first quarter. Capital International Investors now owns 33,927,436 shares of the oil and gas company’s stock valued at $678,250,000 after acquiring an additional 23,202,018 shares in the last quarter. 51.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Cenovus Energy Trading Down 0.6 %

Shares of CVE opened at $17.11 on Monday. Cenovus Energy Inc. has a twelve month low of $14.69 and a twelve month high of $21.90. The company has a current ratio of 1.66, a quick ratio of 1.00 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $31.81 billion, a P/E ratio of 9.51 and a beta of 2.05. The firm’s 50-day moving average is $18.53 and its two-hundred day moving average is $19.44.

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

Cenovus Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders 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 3.09%. The ex-dividend date is Friday, September 13th. Cenovus Energy’s dividend payout ratio is currently 29.44%.

Cenovus Energy 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.