Capital International Sarl Acquires 69,411 Shares of Cenovus Energy Inc. (NYSE:CVE)

Capital International Sarl lifted its holdings in Cenovus Energy Inc. (NYSE:CVE) (TSE:CVE) by 6.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,224,469 shares of the oil and gas company’s stock after purchasing an additional 69,411 shares during the quarter. Capital International Sarl’s holdings in Cenovus Energy were worth $18,552,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Cenovus Energy by 29.2% in the fourth quarter. Geode Capital Management LLC now owns 8,287,334 shares of the oil and gas company’s stock valued at $128,783,000 after buying an additional 1,873,415 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Cenovus Energy by 3.6% during the fourth quarter. Invesco Ltd. now owns 8,043,884 shares of the oil and gas company’s stock worth $121,865,000 after acquiring an additional 276,023 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Cenovus Energy by 4.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,226,155 shares of the oil and gas company’s stock valued at $79,176,000 after acquiring an additional 245,302 shares in the last quarter. Amundi boosted its stake in Cenovus Energy by 1.7% in the 4th quarter. Amundi now owns 4,678,976 shares of the oil and gas company’s stock worth $71,775,000 after purchasing an additional 77,548 shares during the period. Finally, Alberta Investment Management Corp boosted its stake in Cenovus Energy by 10.1% in the 4th quarter. Alberta Investment Management Corp now owns 4,494,400 shares of the oil and gas company’s stock worth $68,094,000 after purchasing an additional 411,000 shares during the period. 51.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CVE has been the topic of several recent research reports. Scotiabank raised Cenovus Energy to a “strong-buy” rating in a research note on Wednesday, March 19th. National Bank Financial lowered Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price target on shares of Cenovus Energy in a research report on Friday, April 11th. StockNews.com cut shares of Cenovus Energy from a “buy” rating to a “hold” rating in a research note on Saturday, December 28th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Cenovus Energy in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Cenovus Energy Stock Performance

Shares of NYSE CVE opened at $12.12 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.59. The stock has a 50 day moving average price of $13.35 and a 200 day moving average price of $14.92. The stock has a market capitalization of $22.09 billion, a PE ratio of 10.01 and a beta of 1.46. Cenovus Energy Inc. has a 52 week low of $10.23 and a 52 week high of $21.58.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its quarterly earnings data on Thursday, February 20th. The oil and gas company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.27). Cenovus Energy had a net margin of 5.82% and a return on equity of 10.73%. The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $11.08 billion. Analysts predict that Cenovus Energy Inc. will post 1.49 earnings per share for the current fiscal year.

Cenovus Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.1269 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Friday, March 14th. Cenovus Energy’s dividend payout ratio is currently 40.50%.

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.