Guardian Capital Advisors LP reduced its position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 160,721 shares of the oil and gas company’s stock after selling 6,658 shares during the quarter. Guardian Capital Advisors LP’s holdings in Cenovus Energy were worth $2,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Intact Investment Management Inc. increased its holdings in shares of Cenovus Energy by 0.4% in the 2nd quarter. Intact Investment Management Inc. now owns 151,950 shares of the oil and gas company’s stock valued at $1,446,000 after acquiring an additional 600 shares during the period. Bank of Nova Scotia Trust Co. increased its holdings in shares of Cenovus Energy by 2.6% in the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 28,366 shares of the oil and gas company’s stock valued at $209,000 after acquiring an additional 725 shares during the period. Allegis Investment Advisors LLC increased its holdings in shares of Cenovus Energy by 16.9% in the 2nd quarter. Allegis Investment Advisors LLC now owns 13,933 shares of the oil and gas company’s stock valued at $103,000 after acquiring an additional 2,016 shares during the period. Loews Corp increased its holdings in shares of Cenovus Energy by 12.3% in the 2nd quarter. Loews Corp now owns 21,382 shares of the oil and gas company’s stock valued at $158,000 after acquiring an additional 2,334 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Cenovus Energy by 10.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,827 shares of the oil and gas company’s stock valued at $212,000 after acquiring an additional 2,721 shares during the period. Institutional investors own 56.84% of the company’s stock.

Cenovus Energy Inc (CVE) opened at $9.58 on Tuesday. Cenovus Energy Inc has a one year low of $6.76 and a one year high of $16.82. 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 firm has a market capitalization of $11,599.78, a price-to-earnings ratio of 13.49, a P/E/G ratio of 2.72 and a beta of 0.61.

The firm also recently announced 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. The ex-dividend date is Thursday, December 14th. This represents a $0.16 annualized dividend and a yield of 1.63%. Cenovus Energy’s dividend payout ratio (DPR) is 8.08%.

CVE has been the topic of a number of analyst reports. Morgan Stanley set a $15.00 price target on Cenovus Energy and gave the company a “buy” rating in a report on Friday, October 13th. Canaccord Genuity reiterated a “buy” rating and issued a $14.00 price target on shares of Cenovus Energy in a report on Tuesday, September 5th. Zacks Investment Research upgraded Cenovus Energy from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Thursday, October 19th. AltaCorp Capital downgraded Cenovus Energy from an “outperform” rating to a “sector perform” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $15.00 price target on shares of Cenovus Energy in a report on Monday, October 16th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.42.

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Cenovus Energy Profile

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

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