Cenovus Energy Inc $CVE Shares Sold by Smead Capital Management Inc.

Smead Capital Management Inc. decreased its position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,389,740 shares of the oil and gas company’s stock after selling 1,162,335 shares during the quarter. Cenovus Energy comprises approximately 5.4% of Smead Capital Management Inc.’s investment portfolio, making the stock its 3rd largest position. Smead Capital Management Inc. owned approximately 0.93% of Cenovus Energy worth $278,231,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Cenovus Energy during the second quarter worth $27,000. Allworth Financial LP lifted its holdings in Cenovus Energy by 104.3% in the second quarter. Allworth Financial LP now owns 2,288 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 1,168 shares during the period. Geneos Wealth Management Inc. boosted its position in Cenovus Energy by 74.1% during the second quarter. Geneos Wealth Management Inc. now owns 3,253 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 1,384 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Cenovus Energy by 39.9% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 4,205 shares of the oil and gas company’s stock worth $57,000 after acquiring an additional 1,199 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Cenovus Energy by 57.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,912 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 1,800 shares during the period. 51.19% of the stock is owned by institutional investors.

Cenovus Energy Price Performance

Shares of CVE opened at $22.58 on Friday. The business’s fifty day moving average is $18.65 and its 200 day moving average is $17.56. Cenovus Energy Inc has a 12-month low of $10.23 and a 12-month high of $23.39. The company has a quick ratio of 1.18, a current ratio of 1.73 and a debt-to-equity ratio of 0.25. The stock has a market cap of $42.44 billion, a P/E ratio of 14.75 and a beta of 0.48.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its quarterly earnings results on Thursday, February 19th. The oil and gas company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. Cenovus Energy had a net margin of 7.92% and a return on equity of 13.53%. The business had revenue of $9.44 billion during the quarter, compared to analyst estimates of $10.89 billion. During the same quarter in the previous year, the business posted $0.07 EPS. Sell-side analysts anticipate that Cenovus Energy Inc will post 1.49 earnings per share for the current fiscal year.

Cenovus Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, March 13th. Cenovus Energy’s dividend payout ratio is currently 46.72%.

Cenovus Energy News Summary

Here are the key news stories impacting Cenovus Energy this week:

• Positive Sentiment: Q4 earnings beat and margin improvement: Cenovus reported Q4 EPS above consensus ($0.36 vs. $0.28) and showed stronger margins versus a year ago — a primary reason shares initially rallied after the report. Zacks: Q4 Earnings Top Estimates
• Positive Sentiment: Strong cash flow, production and throughput: Management reported roughly $2.4B cash from operations, $2.7B adjusted funds flow and ~$1.3B free funds flow, plus record upstream production and high downstream utilization — all supportive of dividends, buybacks and deleveraging. GlobeNewswire: Q4 and FY2025 Results
• Positive Sentiment: One‑time currency gain helped results: Cenovus recorded an approximately C$800M annual currency gain that magnified year‑over‑year comparisons, improving reported profitability despite weaker realized prices. Seeking Alpha: Currency Gain Magnifies Quarter
• Positive Sentiment: Dividend declared: Cenovus announced a quarterly dividend of $0.20/share (ex‑dividend March 13), providing ~3.5% yield which supports income‑oriented investors and can underpin the share price. GlobeNewswire: Q4 Release (dividend)
• Neutral Sentiment: Analyst mix and institutional flows: Analysts remain skewed bullish (several Outperform/Buy ratings and a median target near $28) but institutions reported large, mixed portfolio moves — a source of volatility but not a clear directional signal. QuiverQuant: Earnings recap & holdings
• Negative Sentiment: Valuation and oil sensitivity concerns: A Zacks piece warns CVE is near its 52‑week high after a ~58% run, noting rising valuation and sensitivity to weakening WTI forecasts as a near‑term downside risk for the stock. Zacks: Valuation Caution
• Negative Sentiment: Zacks Rank moved CVE to Strong Sell list: Zacks added CVE to its Rank #5 list on Feb 19, which can pressure sentiment and trigger short‑term selling by quantitatively driven funds. Zacks: New Strong Sell Stocks

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Cenovus Energy in a research report on Tuesday, January 20th. Morgan Stanley reiterated an “overweight” rating on shares of Cenovus Energy in a report on Thursday, November 20th. TD Securities restated a “buy” rating on shares of Cenovus Energy in a report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cenovus Energy in a research report on Tuesday, January 27th. Finally, Zacks Research lowered shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.33.

Cenovus Energy 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.