Lincluden Management Ltd. raised its stake in Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,363,998 shares of the oil and gas company’s stock after purchasing an additional 241,435 shares during the period. Cenovus Energy makes up approximately 4.2% of Lincluden Management Ltd.’s holdings, making the stock its 9th biggest position. Lincluden Management Ltd. owned 0.44% of Cenovus Energy worth $53,804,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. State of Tennessee Treasury Department boosted its holdings in Cenovus Energy by 19.6% in the 3rd quarter. State of Tennessee Treasury Department now owns 810,567 shares of the oil and gas company’s stock valued at $8,111,000 after purchasing an additional 133,035 shares during the period. State of Wisconsin Investment Board lifted its holdings in shares of Cenovus Energy by 83.9% during the 3rd quarter. State of Wisconsin Investment Board now owns 1,371,108 shares of the oil and gas company’s stock worth $13,715,000 after acquiring an additional 625,400 shares during the period. Stevens Capital Management LP bought a new position in shares of Cenovus Energy during the 3rd quarter worth about $143,000. Intact Investment Management Inc. lifted its holdings in shares of Cenovus Energy by 80.2% during the 3rd quarter. Intact Investment Management Inc. now owns 273,850 shares of the oil and gas company’s stock worth $3,412,000 after acquiring an additional 121,900 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Cenovus Energy during the 3rd quarter worth about $986,000. 54.87% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on CVE shares. Canaccord Genuity reaffirmed a “buy” rating and set a $14.00 price objective on shares of Cenovus Energy in a report on Tuesday, September 5th. ValuEngine raised shares of Cenovus Energy from a “sell” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub downgraded shares of Cenovus Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Zacks Investment Research cut shares of Cenovus Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Morgan Stanley cut shares of Cenovus Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 19th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $16.06.

Cenovus Energy Inc (CVE) traded up $0.57 on Tuesday, reaching $11.23. 5,658,441 shares of the company’s stock traded hands, compared to its average volume of 3,960,000. The company has a quick ratio of 1.10, a current ratio of 1.41 and a debt-to-equity ratio of 0.62. The firm has a market cap of $13,560.00, a PE ratio of 15.23, a PEG ratio of 4.38 and a beta of 0.63. Cenovus Energy Inc has a 52-week low of $6.76 and a 52-week high of $16.82.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.039 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Thursday, December 14th. Cenovus Energy’s dividend payout ratio is 7.11%.

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Cenovus Energy Company Profile

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

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