D.A. Davidson & CO. cut its stake in shares of Cenovus Energy (NYSE:CVE) (TSE:CVE) by 10.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,106 shares of the oil and gas company’s stock after selling 6,691 shares during the quarter. D.A. Davidson & CO.’s holdings in Cenovus Energy were worth $513,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. QS Investors LLC bought a new position in shares of Cenovus Energy during the fourth quarter valued at approximately $121,000. Halsey Associates Inc. CT bought a new position in shares of Cenovus Energy during the fourth quarter valued at approximately $137,000. Dreman Value Management L L C bought a new position in shares of Cenovus Energy during the first quarter valued at approximately $156,000. ING Groep NV bought a new position in shares of Cenovus Energy during the fourth quarter valued at approximately $176,000. Finally, Timber Hill LLC grew its holdings in shares of Cenovus Energy by 169.2% during the fourth quarter. Timber Hill LLC now owns 30,616 shares of the oil and gas company’s stock valued at $280,000 after purchasing an additional 19,242 shares during the last quarter. 74.10% of the stock is owned by institutional investors.

Shares of NYSE CVE opened at $11.20 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 0.50. Cenovus Energy has a 12-month low of $10.76 and a 12-month high of $10.91.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its quarterly earnings data on Wednesday, April 25th. The oil and gas company reported ($0.48) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.35). The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.88 billion. Cenovus Energy had a negative return on equity of 3.24% and a net margin of 13.13%. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. equities analysts expect that Cenovus Energy will post -0.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be given a dividend of $0.0389 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.16 annualized dividend and a dividend yield of 1.39%. Cenovus Energy’s dividend payout ratio is presently -800.00%.

Several equities analysts have recently commented on the company. BMO Capital Markets raised Cenovus Energy from a “market perform” rating to an “outperform” rating in a report on Thursday. ValuEngine raised Cenovus Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd. Raymond James raised Cenovus Energy from an “underperform” rating to a “market perform” rating in a report on Tuesday, April 24th. Morgan Stanley lowered their target price on Cenovus Energy from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, April 16th. Finally, Bank of America assumed coverage on Cenovus Energy in a report on Thursday, April 5th. They set a “neutral” rating and a $9.00 target price for the company. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $13.36.

Cenovus Energy Company Profile

Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen and natural gas in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as projects in the early stages of development, such as Telephone Lake.

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

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