30,043 Shares in Cenovus Energy Inc $CVE Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,043 shares of the oil and gas company’s stock, valued at approximately $409,000.

Other large investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its stake in shares of Cenovus Energy by 56.5% in the 1st quarter. Mackenzie Financial Corp now owns 19,481,233 shares of the oil and gas company’s stock valued at $270,742,000 after purchasing an additional 7,035,004 shares during the last quarter. Harvest Portfolios Group Inc. bought a new position in Cenovus Energy during the second quarter valued at about $2,557,000. 111 Capital lifted its position in shares of Cenovus Energy by 75.6% in the second quarter. 111 Capital now owns 74,541 shares of the oil and gas company’s stock worth $1,015,000 after buying an additional 32,092 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Cenovus Energy by 71.1% during the 1st quarter. LPL Financial LLC now owns 215,847 shares of the oil and gas company’s stock worth $3,002,000 after acquiring an additional 89,660 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new stake in shares of Cenovus Energy during the 2nd quarter worth about $1,125,000. 51.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CVE shares. Weiss Ratings restated a “hold (c)” rating on shares of Cenovus Energy in a report on Thursday, October 30th. National Bank Financial upgraded shares of Cenovus Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Wall Street Zen raised shares of Cenovus Energy from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Jefferies Financial Group reiterated a “buy” rating on shares of Cenovus Energy in a report on Tuesday, September 2nd. Finally, UBS Group restated a “buy” rating on shares of Cenovus Energy in a report on Monday, August 25th. Four investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Cenovus Energy presently has an average rating of “Buy” and a consensus price target of $21.00.

Cenovus Energy Price Performance

NYSE:CVE opened at $18.09 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.32 and a quick ratio of 0.78. Cenovus Energy Inc has a one year low of $10.23 and a one year high of $18.60. The company has a fifty day moving average price of $17.20 and a 200 day moving average price of $15.33. The stock has a market cap of $31.95 billion, a P/E ratio of 17.91 and a beta of 0.86.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its quarterly earnings data on Friday, October 31st. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.12. Cenovus Energy had a net margin of 5.18% and a return on equity of 9.06%. The company had revenue of $10.87 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The business’s revenue was down 7.0% compared to the same quarter last year. Analysts anticipate that Cenovus Energy Inc will post 1.49 earnings per share for the current year.

Cenovus Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.20 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.4%. Cenovus Energy’s dividend payout ratio (DPR) is currently 45.90%.

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.