Hillsdale Investment Management Inc. Takes $9.48 Million Position in Cenovus Energy Inc $CVE

Hillsdale Investment Management Inc. acquired a new position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 558,600 shares of the oil and gas company’s stock, valued at approximately $9,482,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in Cenovus Energy by 574.8% during the first quarter. Jones Financial Companies Lllp now owns 21,607 shares of the oil and gas company’s stock worth $301,000 after acquiring an additional 18,405 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Cenovus Energy by 6.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 747,472 shares of the oil and gas company’s stock worth $10,397,000 after purchasing an additional 44,125 shares in the last quarter. Yousif Capital Management LLC raised its holdings in Cenovus Energy by 8.3% in the second quarter. Yousif Capital Management LLC now owns 17,539 shares of the oil and gas company’s stock valued at $239,000 after buying an additional 1,340 shares during the period. Cardinal Point Capital Management ULC lifted its position in Cenovus Energy by 3.7% during the second quarter. Cardinal Point Capital Management ULC now owns 242,939 shares of the oil and gas company’s stock valued at $3,300,000 after buying an additional 8,688 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in Cenovus Energy by 39.9% during the second quarter. Caitong International Asset Management Co. Ltd now owns 4,205 shares of the oil and gas company’s stock valued at $57,000 after buying an additional 1,199 shares in the last quarter. Institutional investors and hedge funds own 51.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CVE. Morgan Stanley reissued an “overweight” rating on shares of Cenovus Energy in a research report on Thursday, November 20th. Royal Bank Of Canada raised their price objective on Cenovus Energy from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday. Zacks Research downgraded Cenovus Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cenovus Energy in a research note on Tuesday, January 27th. Finally, TD Securities reissued a “buy” rating on shares of Cenovus Energy in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.33.

Cenovus Energy News Roundup

Here are the key news stories impacting Cenovus Energy this week:

• Positive Sentiment: Q4 earnings beat and margin improvement: Cenovus reported Q4 EPS above consensus ($0.36 vs. $0.28) and showed stronger margins versus a year ago — a primary reason shares initially rallied after the report. Zacks: Q4 Earnings Top Estimates
• Positive Sentiment: Strong cash flow, production and throughput: Management reported roughly $2.4B cash from operations, $2.7B adjusted funds flow and ~$1.3B free funds flow, plus record upstream production and high downstream utilization — all supportive of dividends, buybacks and deleveraging. GlobeNewswire: Q4 and FY2025 Results
• Positive Sentiment: One‑time currency gain helped results: Cenovus recorded an approximately C$800M annual currency gain that magnified year‑over‑year comparisons, improving reported profitability despite weaker realized prices. Seeking Alpha: Currency Gain Magnifies Quarter
• Positive Sentiment: Dividend declared: Cenovus announced a quarterly dividend of $0.20/share (ex‑dividend March 13), providing ~3.5% yield which supports income‑oriented investors and can underpin the share price. GlobeNewswire: Q4 Release (dividend)
• Neutral Sentiment: Analyst mix and institutional flows: Analysts remain skewed bullish (several Outperform/Buy ratings and a median target near $28) but institutions reported large, mixed portfolio moves — a source of volatility but not a clear directional signal. QuiverQuant: Earnings recap & holdings
• Negative Sentiment: Valuation and oil sensitivity concerns: A Zacks piece warns CVE is near its 52‑week high after a ~58% run, noting rising valuation and sensitivity to weakening WTI forecasts as a near‑term downside risk for the stock. Zacks: Valuation Caution
• Negative Sentiment: Zacks Rank moved CVE to Strong Sell list: Zacks added CVE to its Rank #5 list on Feb 19, which can pressure sentiment and trigger short‑term selling by quantitatively driven funds. Zacks: New Strong Sell Stocks

Cenovus Energy Stock Performance

NYSE:CVE opened at $22.58 on Friday. The firm has a 50-day moving average of $18.65 and a two-hundred day moving average of $17.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.73 and a quick ratio of 1.18. The stock has a market cap of $42.44 billion, a P/E ratio of 14.75 and a beta of 0.48. Cenovus Energy Inc has a 1-year low of $10.23 and a 1-year high of $23.39.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its quarterly earnings results on Thursday, February 19th. The oil and gas company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. The business had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $10.89 billion. Cenovus Energy had a return on equity of 13.53% and a net margin of 7.92%.During the same quarter in the previous year, the firm posted $0.07 earnings per share. On average, research analysts expect that Cenovus Energy Inc will post 1.49 earnings per share for the current fiscal year.

Cenovus Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, March 13th. Cenovus Energy’s dividend payout ratio is presently 46.72%.

Cenovus Energy 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.