Mraz Amerine & Associates Inc. Has $6.23 Million Position in Cenovus Energy Inc $CVE

Mraz Amerine & Associates Inc. grew its position in Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 366,599 shares of the oil and gas company’s stock after acquiring an additional 35,201 shares during the period. Cenovus Energy comprises about 1.0% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 18th largest holding. Mraz Amerine & Associates Inc.’s holdings in Cenovus Energy were worth $6,229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caprock Group LLC acquired a new stake in Cenovus Energy in the 3rd quarter valued at about $354,000. Cardinal Point Capital Management ULC increased its position in Cenovus Energy by 0.7% during the third quarter. Cardinal Point Capital Management ULC now owns 244,634 shares of the oil and gas company’s stock worth $4,153,000 after buying an additional 1,695 shares during the last quarter. Savant Capital LLC raised its stake in Cenovus Energy by 17.1% in the third quarter. Savant Capital LLC now owns 44,017 shares of the oil and gas company’s stock valued at $748,000 after buying an additional 6,438 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Cenovus Energy by 5.5% in the third quarter. Envestnet Asset Management Inc. now owns 896,500 shares of the oil and gas company’s stock valued at $15,232,000 after buying an additional 46,647 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Cenovus Energy by 16.8% in the third quarter. Jones Financial Companies Lllp now owns 6,369 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 917 shares during the last quarter. 51.19% of the stock is owned by institutional investors.

Cenovus Energy Trading Down 3.1%

Shares of Cenovus Energy stock opened at $21.34 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.18 and a current ratio of 1.73. The firm has a 50-day moving average of $18.13 and a 200-day moving average of $17.26. Cenovus Energy Inc has a 52-week low of $10.23 and a 52-week high of $22.20. The stock has a market cap of $40.18 billion, a PE ratio of 17.49 and a beta of 0.48.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CVE shares. Morgan Stanley reissued an “overweight” rating on shares of Cenovus Energy in a report on Thursday, November 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Cenovus Energy in a research report on Tuesday, January 20th. Royal Bank Of Canada increased their price objective on shares of Cenovus Energy from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, November 17th. Zacks Research cut shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cenovus Energy in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

Cenovus Energy Company 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.