Hartree Partners LP raised its position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 746.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 635,000 shares of the oil and gas company’s stock after purchasing an additional 560,000 shares during the quarter. Cenovus Energy accounts for about 5.6% of Hartree Partners LP’s investment portfolio, making the stock its 6th largest position. Hartree Partners LP’s holdings in Cenovus Energy were worth $5,512,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Toronto Dominion Bank raised its holdings in Cenovus Energy by 86.7% in the first quarter. Toronto Dominion Bank now owns 10,561,430 shares of the oil and gas company’s stock worth $91,668,000 after purchasing an additional 4,906,038 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in shares of Cenovus Energy by 1.5% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 397,436 shares of the oil and gas company’s stock valued at $4,610,000 after acquiring an additional 5,900 shares in the last quarter. Stevens Capital Management LP increased its holdings in shares of Cenovus Energy by 38.7% during the first quarter. Stevens Capital Management LP now owns 30,677 shares of the oil and gas company’s stock valued at $266,000 after acquiring an additional 8,553 shares in the last quarter. Alpha Omega Wealth Management LLC increased its holdings in shares of Cenovus Energy by 26.5% during the first quarter. Alpha Omega Wealth Management LLC now owns 305,309 shares of the oil and gas company’s stock valued at $2,650,000 after acquiring an additional 64,008 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Cenovus Energy by 3.1% during the first quarter. Janus Henderson Group PLC now owns 260,429 shares of the oil and gas company’s stock valued at $2,259,000 after acquiring an additional 7,806 shares in the last quarter. 78.02% of the stock is currently owned by institutional investors and hedge funds.

NYSE:CVE traded down $0.11 during midday trading on Wednesday, hitting $8.84. The company’s stock had a trading volume of 87,128 shares, compared to its average volume of 5,740,713. Cenovus Energy Inc has a fifty-two week low of $6.15 and a fifty-two week high of $11.47. The company has a current ratio of 1.10, a quick ratio of 0.65 and a debt-to-equity ratio of 0.52. The company has a market cap of $10.79 billion, a PE ratio of -5.05, a price-to-earnings-growth ratio of 2.52 and a beta of 0.85.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.08). Cenovus Energy had a negative return on equity of 11.69% and a negative net margin of 8.68%. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the company posted ($0.74) EPS. Equities research analysts predict that Cenovus Energy Inc will post 0.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.0373 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.15 annualized dividend and a yield of 1.69%. Cenovus Energy’s dividend payout ratio (DPR) is presently -8.62%.

Several equities analysts have recently issued reports on the stock. Morgan Stanley restated a “hold” rating on shares of Cenovus Energy in a report on Tuesday, January 29th. GMP Securities restated a “buy” rating and set a $17.50 price objective on shares of Cenovus Energy in a report on Thursday, April 25th. ValuEngine downgraded shares of Cenovus Energy from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. CIBC downgraded shares of Cenovus Energy from a “sector outperform” rating to a “neutral” rating in a report on Thursday, January 31st. Finally, Goldman Sachs Group upgraded shares of Cenovus Energy from a “sell” rating to a “neutral” rating and set a $11.00 price objective on the stock in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $13.41.

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About Cenovus Energy

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 in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake.

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

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