21,962 Shares in Cenovus Energy Inc $CVE Acquired by Wealth Science Advisors LLC

Wealth Science Advisors LLC purchased a new position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 21,962 shares of the oil and gas company’s stock, valued at approximately $372,000.

A number of other large investors have also bought and sold shares of the business. OLD National Bancorp IN grew its position in Cenovus Energy by 9.5% during the 4th quarter. OLD National Bancorp IN now owns 11,979 shares of the oil and gas company’s stock worth $203,000 after acquiring an additional 1,037 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Cenovus Energy by 12.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 928,129 shares of the oil and gas company’s stock worth $15,722,000 after acquiring an additional 102,918 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Cenovus Energy in the fourth quarter valued at approximately $25,000. Bayforest Capital Ltd increased its holdings in shares of Cenovus Energy by 2,077.2% in the fourth quarter. Bayforest Capital Ltd now owns 3,440 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 3,282 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in shares of Cenovus Energy by 33.7% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 460,000 shares of the oil and gas company’s stock valued at $7,783,000 after purchasing an additional 116,000 shares in the last quarter. 51.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on CVE. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Cenovus Energy in a report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Cenovus Energy in a report on Tuesday, January 27th. UBS Group reissued a “buy” rating on shares of Cenovus Energy in a report on Thursday, April 9th. Royal Bank Of Canada raised their price target on shares of Cenovus Energy from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Finally, Zacks Research raised shares of Cenovus Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Four analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $29.67.

Cenovus Energy Price Performance

Shares of CVE stock opened at $26.43 on Friday. Cenovus Energy Inc has a 52-week low of $11.60 and a 52-week high of $27.65. The stock has a market cap of $49.56 billion, a PE ratio of 17.28 and a beta of 0.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.57. The firm’s 50 day moving average price is $24.37 and its two-hundred day moving average price is $20.10.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. Cenovus Energy had a net margin of 7.92% and a return on equity of 13.25%. The firm had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $10.89 billion. During the same period last year, the firm earned $0.07 earnings per share. As a group, analysts forecast that Cenovus Energy Inc will post 2.28 EPS for the current year.

Cenovus Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.80 dividend on an annualized basis and a yield of 3.0%. Cenovus Energy’s dividend payout ratio (DPR) is presently 38.56%.

Cenovus Energy Profile

Cenovus Energy Inc is a Canadian integrated energy company engaged in the exploration, development and production of crude oil, natural gas liquids and natural gas, together with downstream refining and marketing activities. Headquartered in Calgary, Alberta, Cenovus operates a mix of oil sands thermal and dilbit assets, conventional oil and gas properties, and owns refining and midstream assets designed to move and process hydrocarbons into finished petroleum products for commercial markets.

The company was originally formed as a spin‑off from Encana Corporation in 2009 and has grown through organic development and strategic acquisitions.