Sumitomo Mitsui Trust Holdings Inc. cut its holdings in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 1.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,904,681 shares of the oil and gas company’s stock after selling 47,626 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.24% of Cenovus Energy worth $29,107,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Allegis Investment Advisors LLC boosted its holdings in 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 worth $103,000 after buying an additional 2,016 shares during the last quarter. Cigna Investments Inc. New acquired a new stake in Cenovus Energy in the 2nd quarter worth about $110,000. First Commonwealth Financial Corp PA acquired a new stake in Cenovus Energy in the 2nd quarter worth about $114,000. Sciencast Management LP acquired a new stake in Cenovus Energy in the 2nd quarter worth about $124,000. Finally, HighTower Advisors LLC acquired a new stake in Cenovus Energy in the 2nd quarter worth about $130,000. Hedge funds and other institutional investors own 55.86% of the company’s stock.

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Cenovus Energy Inc (NYSE CVE) opened at $9.71 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.41 and a debt-to-equity ratio of 0.62. Cenovus Energy Inc has a 12 month low of $6.76 and a 12 month high of $16.82. The firm has a market cap of $11,931.55, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 2.91 and a beta of 0.62.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.039 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, December 14th. Cenovus Energy’s payout ratio is presently 8.08%.

Several research firms recently issued reports on CVE. BidaskClub cut Cenovus Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Canaccord Genuity reissued a “buy” rating and issued a $14.50 target price on shares of Cenovus Energy in a research note on Monday, September 25th. ValuEngine raised shares of Cenovus Energy from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Scotiabank lowered shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, November 15th. Finally, Zacks Investment Research lowered shares of Cenovus Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.06.

About Cenovus Energy

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

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