Published: Fri, August 11, 2017
Money | By Armando Alvarado

Sells 15667 Shares of Cenovus Energy Inc (NYSE:CVE)


According to Financial Times, The 23 analysts offering 12 month price targets for Cenovus Energy Inc have a median target of 13.00, with a high estimate of 23.46 and a low estimate of 7.50. Acadian Asset Management LLC increased its stake in shares of Cenovus Energy by 759.4% in the second quarter.

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Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its quarterly earnings data on Thursday, July 27th. Letko Brosseau & Associates Inc. now owns 19,804,042 shares of the oil and gas company's stock worth $223,728,000 after buying an additional 5,982,700 shares during the period. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of USA and worldwide trademark and copyright legislation.

Several equities analysts have issued reports on the company. Foundation Resource Management Inc. boosted its position in shares of Cenovus Energy by 0.7% in the second quarter. Over the last ninety days, insiders acquired 93,800 shares of company stock worth $1,171,428. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company's stock. Alpha Omega Wealth Management LLC now owns 460,964 shares of the oil and gas company's stock valued at $3,397,000 after buying an additional 374,842 shares during the period.

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Having a peek at growth estimates of the company, Cenovus Energy Inc (NYSE:CVE) has current quarter growth estimates of 136.4% however it has -71% estimations over growth for the next quarter. The fund owned 1,375,100 shares of the oil and gas company's stock after selling 3,624,900 shares during the period. Beutel Goodman & Co Ltd. now owns 45,403,489 shares of the oil and gas company's stock valued at $512,963,000 after buying an additional 2,152,330 shares during the last quarter. Capstone Asset Management Co. now owns 87,709 shares of the oil and gas company's stock valued at $646,000 after buying an additional 1,350 shares during the last quarter.

Other hedge funds also recently added to or reduced their stakes in the company. The stock attained the volume of 5072102 shares contrast to its average daily volume of 5.25M shares. Teachers Advisors LLC increased its position in shares of Cenovus Energy by 77.6% in the fourth quarter.

Welch & Forbes Llc decreased Cenovus Energy Inc (CVE) stake by 52.6% reported in 2016Q4 SEC filing. The firm has a market capitalization of $12.82 billion and a price-to-earnings ratio of 3.50. Cenovus Energy Inc (NYSE:CVE)'s price sits 2.44% above from its 50-day moving average of $7.57 and -31.99% away from the stock's 200-day moving average which is $10.32. Cenovus Energy Inc shares had a trading volume of 5,005K in the last trading session. In the last earnings report the EPS was $2.37 and is estimated to be $0.37 for the current year with 1,228,790,000 shares outstanding. Cenovus Energy had a net margin of 17.89% and a return on equity of 3.20%. The business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.40 billion. This is a positive change from Cenovus Energy's previous quarterly dividend of $0.04. Next quarter's EPS is expected be $0.09 with next year's EPS anticipated to be $0.31. Cenovus Energy's dividend payout ratio is presently 8.33%. Cenovus Energy Inc recently declared a dividend paid on Friday the 30th of June 2017. The legal version of this piece of content can be read at https://transcriptdaily.com/2017/08/09/cenovus-energy-inc-nysecve-stake-increased-by-parametric-portfolio-associates-llc-updated-updated-updated.html. It is 0.00% or $0 reaching $15.61 per share.

A number of brokerages recently issued reports on CVE. Finally, CSFB reissued an "outperform" rating and set a C$20.00 price target on shares of Cenovus Energy in a report on Friday, May 26th. The ex-dividend date of this dividend is Thursday, September 14th. BidaskClub downgraded Cenovus Energy from a "sell" rating to a "strong sell" rating in a report on Thursday, June 22nd.

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