DekaBank Deutsche Girozentrale boosted its stake in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 356.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 192,034 shares of the oil and gas company’s stock after buying an additional 150,000 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Cenovus Energy were worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CVE. FMR LLC grew its position in Cenovus Energy by 23.7% during the second quarter. FMR LLC now owns 54,026,588 shares of the oil and gas company’s stock worth $398,284,000 after buying an additional 10,341,993 shares during the period. Burgundy Asset Management Ltd. grew its position in Cenovus Energy by 49.0% during the second quarter. Burgundy Asset Management Ltd. now owns 25,289,102 shares of the oil and gas company’s stock worth $186,301,000 after buying an additional 8,322,165 shares during the period. Letko Brosseau & Associates Inc. grew its position in Cenovus Energy by 37.1% during the second quarter. Letko Brosseau & Associates Inc. now owns 27,158,632 shares of the oil and gas company’s stock worth $199,920,000 after buying an additional 7,354,590 shares during the period. Lincluden Management Ltd. grew its position in Cenovus Energy by 106,932.2% during the second quarter. Lincluden Management Ltd. now owns 5,122,563 shares of the oil and gas company’s stock worth $38,891,000 after buying an additional 5,117,777 shares during the period. Finally, CIBC Asset Management Inc grew its position in Cenovus Energy by 46.3% during the third quarter. CIBC Asset Management Inc now owns 11,318,166 shares of the oil and gas company’s stock worth $113,177,000 after buying an additional 3,583,671 shares during the period. Institutional investors own 55.86% of the company’s stock.

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Cenovus Energy Inc (NYSE CVE) opened at $9.71 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.10 and a current ratio of 1.41. The stock has a market cap of $11,931.55, a P/E ratio of 13.87, a P/E/G ratio of 2.91 and a beta of 0.62. Cenovus Energy Inc has a one year low of $6.76 and a one year high of $16.82.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.039 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, December 14th. Cenovus Energy’s payout ratio is 8.08%.

Several analysts have issued reports on the stock. BidaskClub downgraded shares of Cenovus Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a $14.50 price target on shares of Cenovus Energy in a report on Monday, September 25th. ValuEngine raised shares of Cenovus Energy from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Scotiabank downgraded shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a report on Wednesday, November 15th. Finally, Zacks Investment Research downgraded shares of Cenovus Energy from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Cenovus Energy has a consensus rating of “Hold” and an average target price of $16.06.

Cenovus Energy Company Profile

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

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