Cenovus Energy Inc. (NYSE:CVE)’s share price fell 4.1% during mid-day trading on Monday . The company traded as low as $13.69 and last traded at $13.71, with a volume of 559,110 shares. The stock had previously closed at $14.30.

A number of brokerages have recently issued reports on CVE. Zacks Investment Research downgraded Cenovus Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 6th. Royal Bank Of Canada restated an “outperform” rating and set a $23.00 price objective on shares of Cenovus Energy in a research report on Tuesday, June 21st. Barclays PLC restated an “underweight” rating and set a $20.00 price objective (up from $19.00) on shares of Cenovus Energy in a research report on Sunday, May 1st. Goldman Sachs Group Inc. restated a “buy” rating on shares of Cenovus Energy in a research report on Wednesday, April 27th. Finally, TD Securities reiterated a “buy” rating and issued a $21.00 target price on shares of Cenovus Energy in a report on Sunday. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $20.43.

The company has a market cap of $11.26 billion and a P/E ratio of 19.15. The stock’s 50-day moving average is $14.00 and its 200 day moving average is $13.44.

Cenovus Energy (NYSE:CVE) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.09. During the same quarter last year, the firm posted $0.18 earnings per share. Equities analysts forecast that Cenovus Energy Inc. will post ($0.66) EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.0378 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.15 annualized dividend and a dividend yield of 1.12%.

Several institutional investors have made changes to their positions in CVE. Trexquant Investment LP acquired a new position in shares of Cenovus Energy during the fourth quarter valued at about $1,054,000. Morgan Stanley boosted its position in shares of 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. Gulf International Bank UK Ltd boosted its position in shares of 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 boosted its position in shares of 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, Comerica Bank boosted its position in shares of 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.

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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