27,887 Shares in Cenovus Energy Inc $CVE Purchased by Osmosis Investment Management UK Ltd

Osmosis Investment Management UK Ltd bought a new stake in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 27,887 shares of the oil and gas company’s stock, valued at approximately $692,000.

A number of other large investors also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its position in shares of Cenovus Energy by 574.8% during the first quarter. Jones Financial Companies Lllp now owns 21,607 shares of the oil and gas company’s stock valued at $301,000 after buying an additional 18,405 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cenovus Energy by 6.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 747,472 shares of the oil and gas company’s stock worth $10,397,000 after acquiring an additional 44,125 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Cenovus Energy during the second quarter worth $525,000. EverSource Wealth Advisors LLC grew its stake in Cenovus Energy by 57.8% during the second quarter. EverSource Wealth Advisors LLC now owns 4,912 shares of the oil and gas company’s stock valued at $67,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in Cenovus Energy during the second quarter valued at $495,000. 51.19% of the stock is owned by hedge funds and other institutional investors.

Cenovus Energy Trading Down 4.2%

CVE opened at $30.83 on Wednesday. The stock has a 50-day moving average of $28.02 and a 200 day moving average of $26.67. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.25. Cenovus Energy Inc has a 12 month low of $15.63 and a 12 month high of $33.40. The firm has a market cap of $57.02 billion, a P/E ratio of 11.86 and a beta of 0.34.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. The business had revenue of $14.59 billion during the quarter, compared to analyst estimates of $11.87 billion. Cenovus Energy had a return on equity of 21.08% and a net margin of 12.37%.The company’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same period last year, the company earned $0.45 EPS. As a group, research analysts forecast that Cenovus Energy Inc will post 3.2 EPS for the current year.

Cenovus Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 15th. Cenovus Energy’s dividend payout ratio is presently 24.62%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CVE. The Goldman Sachs Group reiterated a “buy” rating on shares of Cenovus Energy in a research note on Wednesday, May 13th. Weiss Ratings raised Cenovus Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Royal Bank Of Canada boosted their target price on Cenovus Energy from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Scotiabank reissued an “outperform” rating on shares of Cenovus Energy in a research note on Thursday, July 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of Cenovus Energy in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.25.

Cenovus Energy Company 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.