Shares of Cenovus Energy Inc. (NYSE:CVE) fell 4% during mid-day trading on Monday . The stock traded as low as $13.48 and last traded at $13.59, with a volume of 1,373,913 shares. The stock had previously closed at $14.16.

Several analysts have weighed in on CVE shares. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Cenovus Energy in a research note on Sunday, July 10th. National Bank Financial reaffirmed an “outperform” rating and set a $22.00 target price (up previously from $19.00) on shares of Cenovus Energy in a research note on Sunday, May 1st. Barclays PLC reaffirmed an “underweight” rating and set a $20.00 target price (up previously from $19.00) on shares of Cenovus Energy in a research note on Sunday, May 1st. Royal Bank Of Canada lifted their target price on Cenovus Energy from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, April 28th. Finally, Zacks Investment Research downgraded Cenovus Energy from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $20.62.

The stock’s 50-day moving average is $14.29 and its 200 day moving average is $13.34. The stock has a market cap of $11.31 billion and a P/E ratio of 12.61.

Cenovus Energy (NYSE:CVE) last issued its quarterly earnings results on Wednesday, April 27th. The company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by $0.14. During the same period in the prior year, the business posted ($0.11) EPS. On average, equities analysts predict that Cenovus Energy Inc. will post ($0.71) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were issued a dividend of $0.0395 per share. This is a positive change from Cenovus Energy’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, June 13th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.16%.

Other institutional investors have modified their holdings of the company. Trexquant Investment LP acquired a new position in shares of Cenovus Energy during the fourth quarter worth approximately $1,054,000. Comerica Bank raised its position in Cenovus Energy by 11.4% in the fourth quarter. Comerica Bank now owns 92,626 shares of the company’s stock valued at $1,080,000 after buying an additional 9,447 shares during the last quarter. Gulf International Bank UK Ltd raised its position in Cenovus Energy by 0.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 256,704 shares of the company’s stock valued at $3,249,000 after buying an additional 1,600 shares during the last quarter. State of Wisconsin Investment Board raised its position in Cenovus Energy by 52.9% in the fourth quarter. State of Wisconsin Investment Board now owns 650,308 shares of the company’s stock valued at $8,193,000 after buying an additional 225,100 shares during the last quarter. Finally, Morgan Stanley raised its position in Cenovus Energy by 136.8% in the fourth quarter. Morgan Stanley now owns 1,307,399 shares of the company’s stock valued at $16,500,000 after buying an additional 755,315 shares during the last quarter.

Cenovus Energy Inc (Cenovus) is an integrated oil company. The Company is engaged in the business of developing, producing and marketing crude oil, natural gas liquids (NGLs) and natural gas in Canada with marketing activities and refining operations in the United States. The Company’s segments include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations.

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