Axa S.A. Has $709,000 Holdings in Cenovus Energy Inc. (NYSE:CVE)

Axa S.A. lifted its position in shares of Cenovus Energy Inc. (NYSE:CVE) (TSE:CVE) by 14.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,051 shares of the oil and gas company’s stock after purchasing an additional 4,623 shares during the quarter. Axa S.A.’s holdings in Cenovus Energy were worth $709,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Atria Investments Inc bought a new stake in Cenovus Energy during the 1st quarter valued at $1,482,000. Manning & Napier Advisors LLC acquired a new stake in shares of Cenovus Energy in the 2nd quarter worth about $2,946,000. International Assets Investment Management LLC lifted its position in Cenovus Energy by 39.9% in the 1st quarter. International Assets Investment Management LLC now owns 35,767 shares of the oil and gas company’s stock valued at $719,000 after acquiring an additional 10,200 shares in the last quarter. M&G Plc boosted its stake in Cenovus Energy by 2.4% during the 2nd quarter. M&G Plc now owns 3,496,370 shares of the oil and gas company’s stock valued at $69,013,000 after purchasing an additional 82,840 shares during the last quarter. Finally, Bornite Capital Management LP increased its holdings in Cenovus Energy by 47.6% during the 4th quarter. Bornite Capital Management LP now owns 3,025,100 shares of the oil and gas company’s stock worth $50,368,000 after purchasing an additional 975,100 shares in the last quarter. 51.19% of the stock is currently owned by institutional investors.

Cenovus Energy Stock Performance

Shares of CVE stock opened at $17.17 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.00 and a current ratio of 1.66. The firm has a market cap of $31.92 billion, a price-to-earnings ratio of 9.54 and a beta of 2.05. Cenovus Energy Inc. has a 52 week low of $14.69 and a 52 week high of $21.90. The firm’s 50-day simple moving average is $18.07 and its two-hundred day simple moving average is $19.38.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its quarterly earnings data on Thursday, August 1st. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.13). Cenovus Energy had a return on equity of 16.61% and a net margin of 8.56%. The company had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $9.78 billion. As a group, equities analysts forecast that Cenovus Energy Inc. will post 1.84 earnings per share for the current year.

Cenovus Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.132 per share. This represents a $0.53 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Friday, September 13th. Cenovus Energy’s dividend payout ratio (DPR) is presently 29.44%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CVE shares. StockNews.com lowered Cenovus Energy from a “buy” rating to a “hold” rating in a research report on Monday. Scotiabank lowered their target price on shares of Cenovus Energy from $35.00 to $34.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.67.

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.