Virtu KCG Holdings LLC boosted its position in Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 57.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,775 shares of the oil and gas company’s stock after purchasing an additional 13,065 shares during the period. Virtu KCG Holdings LLC’s holdings in Cenovus Energy were worth $264,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Gateway Investment Advisers LLC boosted its position in Cenovus Energy by 0.5% in the second quarter. Gateway Investment Advisers LLC now owns 75,312 shares of the oil and gas company’s stock worth $555,000 after purchasing an additional 376 shares during the last quarter. Intact Investment Management Inc. boosted its position in Cenovus Energy by 0.4% in the second quarter. Intact Investment Management Inc. now owns 151,950 shares of the oil and gas company’s stock worth $1,446,000 after purchasing an additional 600 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Cenovus Energy by 7.4% in the first quarter. Neuberger Berman Group LLC now owns 12,992 shares of the oil and gas company’s stock worth $147,000 after purchasing an additional 900 shares during the last quarter. Capstone Asset Management Co. boosted its position in Cenovus Energy by 1.6% in the second 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 last quarter. Finally, Allegis Investment Advisors LLC boosted its position in Cenovus Energy by 16.9% in the second 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 last quarter. 56.17% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was first published by Watch List News and is the property of of Watch List News. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/virtu-kcg-holdings-llc-increases-holdings-in-cenovus-energy-inc-cve/1648868.html.

Several brokerages have issued reports on CVE. UBS AG cut Cenovus Energy from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 5th. Zacks Investment Research raised Cenovus Energy from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research report on Tuesday, July 25th. BidaskClub cut Cenovus Energy from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Raymond James Financial, Inc. cut Cenovus Energy from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 5th. Finally, ValuEngine raised Cenovus Energy from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Four analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Cenovus Energy presently has an average rating of “Hold” and a consensus target price of $16.06.

Cenovus Energy Inc (NYSE:CVE) opened at 9.91 on Monday. The stock’s 50 day moving average price is $9.49 and its 200-day moving average price is $8.82. The stock has a market capitalization of $12.18 billion, a PE ratio of 4.04 and a beta of 0.60. Cenovus Energy Inc has a 52-week low of $6.76 and a 52-week high of $16.82.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its earnings results on Thursday, July 27th. The oil and gas company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.03 by $0.24. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.40 billion. Cenovus Energy had a return on equity of 3.20% and a net margin of 17.89%. During the same period last year, the company earned ($0.05) earnings per share. On average, equities analysts expect that Cenovus Energy Inc will post $0.50 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.039 per share. This represents a $0.16 annualized dividend and a yield of 1.57%. This is a positive change from Cenovus Energy’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, September 14th. Cenovus Energy’s dividend payout ratio (DPR) is 8.89%.

Cenovus Energy Profile

Want to see what other hedge funds are holding CVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cenovus Energy Inc (NYSE:CVE) (TSE:CVE).

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

Receive News & Ratings for Cenovus Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cenovus Energy Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.