Schroder Investment Management Group lifted its stake in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 21.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,208,989 shares of the oil and gas company’s stock after acquiring an additional 576,150 shares during the quarter. Schroder Investment Management Group owned about 0.26% of Cenovus Energy worth $38,334,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CVE. FMR LLC increased its stake in shares of Cenovus Energy by 23.7% during the second quarter. FMR LLC now owns 54,026,588 shares of the oil and gas company’s stock valued at $398,284,000 after acquiring an additional 10,341,993 shares during the period. Burgundy Asset Management Ltd. increased its stake in shares of Cenovus Energy by 49.0% during the second quarter. Burgundy Asset Management Ltd. now owns 25,289,102 shares of the oil and gas company’s stock valued at $186,301,000 after acquiring an additional 8,322,165 shares during the period. Letko Brosseau & Associates Inc. increased its stake in shares of Cenovus Energy by 37.1% during the second quarter. Letko Brosseau & Associates Inc. now owns 27,158,632 shares of the oil and gas company’s stock valued at $199,920,000 after acquiring an additional 7,354,590 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Cenovus Energy by 127.2% during the third quarter. Great West Life Assurance Co. Can now owns 8,766,311 shares of the oil and gas company’s stock valued at $87,746,000 after acquiring an additional 4,907,358 shares during the period. Finally, CIBC Asset Management Inc grew its position in Cenovus Energy by 46.3% in the third quarter. CIBC Asset Management Inc now owns 11,318,166 shares of the oil and gas company’s stock worth $113,177,000 after buying an additional 3,583,671 shares during the last quarter. Institutional investors and hedge funds own 56.84% of the company’s stock.

Cenovus Energy Inc (NYSE CVE) opened at $10.12 on Friday. Cenovus Energy Inc has a 52-week low of $6.76 and a 52-week high of $16.82. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.10 and a current ratio of 1.41. The firm has a market cap of $11,685.79, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders 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 yield of 1.54%. The ex-dividend date of this dividend is Thursday, December 14th. Cenovus Energy’s payout ratio is 8.08%.

Several research analysts have issued reports on CVE shares. Canaccord Genuity restated a “buy” rating and issued a $14.00 price target on shares of Cenovus Energy in a research report on Tuesday, September 5th. AltaCorp Capital lowered shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research report on Thursday, November 9th. Scotiabank lowered shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, November 15th. Zacks Investment Research lowered shares of Cenovus Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $15.00 price target on shares of Cenovus Energy in a research report on Monday, October 16th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven 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.

TRADEMARK VIOLATION WARNING: “Cenovus Energy Inc (CVE) Shares Bought by Schroder Investment Management Group” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://www.thecerbatgem.com/2017/12/02/cenovus-energy-inc-cve-shares-bought-by-schroder-investment-management-group.html.

Cenovus Energy Company Profile

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.