Segantii Capital Management Ltd cut its position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 72.5% during the second quarter, Holdings Channel reports. The fund owned 1,375,100 shares of the oil and gas company’s stock after selling 3,624,900 shares during the period. Cenovus Energy makes up 2.4% of Segantii Capital Management Ltd’s holdings, making the stock its 9th largest position. Segantii Capital Management Ltd’s holdings in Cenovus Energy were worth $10,124,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. TD Asset Management Inc. raised its position in shares of Cenovus Energy by 46.9% in the first quarter. TD Asset Management Inc. now owns 40,979,115 shares of the oil and gas company’s stock worth $462,442,000 after buying an additional 13,092,198 shares during the period. FMR LLC raised its position in shares of Cenovus Energy by 33.0% in the first quarter. FMR LLC now owns 43,684,595 shares of the oil and gas company’s stock worth $494,381,000 after buying an additional 10,833,896 shares during the period. First Eagle Investment Management LLC raised its position in shares of Cenovus Energy by 25.6% in the first quarter. First Eagle Investment Management LLC now owns 31,675,743 shares of the oil and gas company’s stock worth $357,936,000 after buying an additional 6,448,369 shares during the period. Letko Brosseau & Associates Inc. raised its position in shares of Cenovus Energy by 43.3% in the first quarter. Letko Brosseau & Associates Inc. now owns 19,804,042 shares of the oil and gas company’s stock worth $223,728,000 after buying an additional 5,982,700 shares during the period. Finally, Pzena Investment Management LLC raised its position in shares of Cenovus Energy by 40.6% in the first quarter. Pzena Investment Management LLC now owns 19,032,719 shares of the oil and gas company’s stock worth $215,070,000 after buying an additional 5,494,952 shares during the period. Institutional investors own 55.90% of the company’s stock.

Shares of Cenovus Energy Inc (CVE) opened at 8.20 on Thursday. Cenovus Energy Inc has a 1-year low of $6.76 and a 1-year high of $16.82. The company has a market cap of $10.08 billion, a price-to-earnings ratio of 3.46 and a beta of 0.57. The stock has a 50 day moving average of $7.59 and a 200 day moving average of $10.31.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.24. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.40 billion. Cenovus Energy had a return on equity of 3.20% and a net margin of 17.89%. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Analysts predict that Cenovus Energy Inc will post $0.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.039 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from Cenovus Energy’s previous quarterly dividend of $0.04. Cenovus Energy’s dividend payout ratio is 8.33%.

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A number of research analysts recently issued reports on CVE shares. Canaccord Genuity reiterated a “hold” rating and issued a $16.50 price objective on shares of Cenovus Energy in a report on Wednesday, April 26th. Zacks Investment Research lowered shares of Cenovus Energy from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Credit Suisse Group reiterated an “outperform” rating on shares of Cenovus Energy in a report on Friday, May 26th. ValuEngine lowered shares of Cenovus Energy from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Cenovus Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Cenovus Energy currently has an average rating of “Hold” and an average target price of $17.34.

Cenovus Energy Company Profile

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Institutional Ownership by Quarter for Cenovus Energy (NYSE:CVE)

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