TD Asset Management Inc. boosted its stake in Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,832,015 shares of the oil and gas company’s stock after purchasing an additional 683,250 shares during the quarter. Cenovus Energy makes up 0.7% of TD Asset Management Inc.’s investment portfolio, making the stock its 23rd largest position. TD Asset Management Inc. owned about 3.57% of Cenovus Energy worth $438,407,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Intact Investment Management Inc. raised its holdings in shares of Cenovus Energy by 0.4% during 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 buying an additional 600 shares in the last quarter. Bank of Nova Scotia Trust Co. increased its stake in 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 worth $209,000 after purchasing an additional 725 shares during the period. Capstone Asset Management Co. increased its stake in Cenovus Energy by 1.6% in the 2nd quarter. Capstone Asset Management Co. now owns 87,709 shares of the oil and gas company’s stock worth $646,000 after purchasing an additional 1,350 shares during the period. Allegis Investment Advisors LLC increased its stake 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 purchasing an additional 2,016 shares during the period. Finally, Loews Corp increased its stake in Cenovus Energy by 12.3% in the 2nd quarter. Loews Corp now owns 21,382 shares of the oil and gas company’s stock worth $158,000 after purchasing an additional 2,334 shares during the period. Institutional investors and hedge funds own 55.86% of the company’s stock.

CVE has been the topic of a number of analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $15.50 price target on shares of Cenovus Energy in a research note on Monday, October 30th. Zacks Investment Research raised Cenovus Energy from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Thursday, October 19th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $15.00 price target on shares of Cenovus Energy in a research note on Monday, October 16th. Morgan Stanley set a $15.00 price target on Cenovus Energy and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, ValuEngine upgraded Cenovus Energy from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.06.

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Shares of Cenovus Energy Inc (NYSE CVE) opened at $9.71 on Friday. The firm has a market capitalization of $11,931.55, a P/E ratio of 13.87, a PEG ratio of 2.91 and a beta of 0.62. Cenovus Energy Inc has a 1 year low of $6.76 and a 1 year high of $16.82. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.41 and a quick ratio of 1.10.

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

Cenovus Energy Company Profile

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

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