Commonwealth Equity Services Inc acquired a new stake in Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 13,863 shares of the oil and gas company’s stock, valued at approximately $138,000.

Several other institutional investors have also made changes to their positions in the company. FMR LLC boosted its stake in shares of Cenovus Energy by 23.7% in the 2nd quarter. FMR LLC now owns 54,026,588 shares of the oil and gas company’s stock valued at $398,284,000 after purchasing an additional 10,341,993 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Cenovus Energy by 1.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 32,113,640 shares of the oil and gas company’s stock valued at $236,678,000 after purchasing an additional 437,897 shares in the last quarter. Letko Brosseau & Associates Inc. boosted its stake in shares of Cenovus Energy by 37.1% in the 2nd 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 purchasing an additional 7,354,590 shares in the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Cenovus Energy by 49.0% in the 2nd 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 purchasing an additional 8,322,165 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Cenovus Energy by 15.1% in the 2nd quarter. Vanguard Group Inc. now owns 24,273,550 shares of the oil and gas company’s stock valued at $178,896,000 after purchasing an additional 3,186,725 shares in the last quarter. 56.84% of the stock is owned by institutional investors.

Shares of Cenovus Energy Inc (NYSE CVE) traded down $0.11 during midday trading on Wednesday, reaching $9.67. 1,688,100 shares of the company’s stock traded hands, compared to its average volume of 4,201,641. The company has a quick ratio of 1.10, a current ratio of 1.41 and a debt-to-equity ratio of 0.62. Cenovus Energy Inc has a 1-year low of $6.76 and a 1-year high of $16.82. The company has a market cap of $12,017.57, a price-to-earnings ratio of 13.97, a PEG ratio of 2.82 and a beta of 0.61.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.039 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.16 annualized dividend and a yield of 1.61%. Cenovus Energy’s dividend payout ratio (DPR) is presently 8.08%.

CVE has been the subject of a number of recent analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $15.50 price target on shares of Cenovus Energy in a report on Monday, October 30th. Zacks Investment Research upgraded shares of Cenovus Energy from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Thursday, October 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $15.00 price target on shares of Cenovus Energy in a report on Monday, October 16th. Morgan Stanley set a $15.00 price target on shares of Cenovus Energy and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Scotiabank lowered shares of Cenovus Energy from an “outperform” rating to a “sector perform” rating in a report on Wednesday, November 15th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Cenovus Energy currently has an average rating of “Hold” and a consensus target price of $16.06.

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Cenovus Energy Company Profile

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

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