Vise Technologies Inc. Purchases Shares of 53,543 Cenovus Energy Inc $CVE

Vise Technologies Inc. purchased a new position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 53,543 shares of the oil and gas company’s stock, valued at approximately $1,328,000.

Other large investors also recently modified their holdings of the company. Transamerica Financial Advisors LLC grew its holdings in shares of Cenovus Energy by 1,302.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,543 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 1,433 shares in the last quarter. NBC Securities Inc. raised its holdings in Cenovus Energy by 961.5% during the fourth quarter. NBC Securities Inc. now owns 1,656 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 1,500 shares in the last quarter. Gables Capital Management Inc. acquired a new position in Cenovus Energy during the second quarter valued at approximately $35,000. Kestra Advisory Services LLC acquired a new position in Cenovus Energy during the fourth quarter valued at approximately $38,000. Finally, Geneos Wealth Management Inc. boosted its position in Cenovus Energy by 74.1% during the second quarter. Geneos Wealth Management Inc. now owns 3,253 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 1,384 shares during the last quarter. 51.19% of the stock is currently owned by institutional investors and hedge funds.

Cenovus Energy Trading Up 1.6%

Shares of NYSE:CVE opened at $32.99 on Friday. Cenovus Energy Inc has a 52-week low of $15.44 and a 52-week high of $33.40. The company has a market capitalization of $61.01 billion, a P/E ratio of 12.69 and a beta of 0.34. The company has a 50-day simple moving average of $27.83 and a 200 day simple moving average of $26.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.04 and a current ratio of 1.63.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $1.11 EPS for the quarter, hitting analysts’ consensus estimates of $1.11. The business had revenue of $14.59 billion during the quarter, compared to analysts’ expectations of $11.87 billion. Cenovus Energy had a return on equity of 21.08% and a net margin of 12.37%.Cenovus Energy’s quarterly revenue was up 47.9% on a year-over-year basis. During the same quarter last year, the company posted $0.45 earnings per share. Sell-side analysts forecast that Cenovus Energy Inc will post 3.2 earnings per share for the current year.

Cenovus Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Cenovus Energy’s dividend payout ratio (DPR) is presently 24.62%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Raymond James Financial lowered Cenovus Energy from a “strong-buy” rating to an “outperform” rating in a research report on Wednesday, May 6th. Morgan Stanley reissued an “overweight” rating on shares of Cenovus Energy in a report on Wednesday. Weiss Ratings raised shares of Cenovus Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Zacks Research cut shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, Lake Street Capital set a $36.00 target price on shares of Cenovus Energy in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cenovus Energy currently has an average rating of “Moderate Buy” and a consensus price target of $36.25.

Cenovus Energy Company 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.