Winch Advisory Services LLC trimmed its position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 96.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,928 shares of the oil and gas company’s stock after selling 393,949 shares during the period. Winch Advisory Services LLC’s holdings in Cenovus Energy were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CVE. Northern Trust Corp grew its holdings in Cenovus Energy by 8.8% during the second quarter. Northern Trust Corp now owns 1,046,958 shares of the oil and gas company’s stock valued at $10,868,000 after purchasing an additional 84,564 shares during the period. United Services Automobile Association boosted its holdings in shares of Cenovus Energy by 46.5% in the second quarter. United Services Automobile Association now owns 21,948 shares of the oil and gas company’s stock worth $228,000 after acquiring an additional 6,969 shares during the period. DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in shares of Cenovus Energy by 5.6% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 459,075 shares of the oil and gas company’s stock worth $4,600,000 after acquiring an additional 24,546 shares during the period. Aperio Group LLC boosted its holdings in shares of Cenovus Energy by 10.0% in the third quarter. Aperio Group LLC now owns 289,703 shares of the oil and gas company’s stock worth $2,906,000 after acquiring an additional 26,432 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of Cenovus Energy by 79.4% in the third quarter. Cornerstone Wealth Management LLC now owns 25,956 shares of the oil and gas company’s stock worth $2,723,000 after acquiring an additional 11,491 shares during the period. 74.94% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently commented on CVE. Canaccord Genuity reaffirmed a “hold” rating on shares of Cenovus Energy in a report on Tuesday, October 16th. Raymond James reaffirmed a “hold” rating on shares of Cenovus Energy in a report on Thursday, November 1st. Zacks Investment Research reaffirmed a “buy” rating and issued a $9.25 price target on shares of Cenovus Energy in a report on Tuesday, November 13th. TD Securities raised Cenovus Energy from a “hold” rating to a “buy” rating in a report on Monday, October 22nd. Finally, Scotiabank raised Cenovus Energy from a “sector perform” rating to a “buy” rating in a report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. Cenovus Energy currently has a consensus rating of “Hold” and a consensus target price of $12.54.

NYSE:CVE traded down $0.06 during trading hours on Monday, hitting $7.43. 266,442 shares of the company’s stock traded hands, compared to its average volume of 3,974,710. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of -371.75, a P/E/G ratio of 2.84 and a beta of 0.72. Cenovus Energy Inc has a 52 week low of $6.15 and a 52 week high of $11.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.26.

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Cenovus Energy Profile

Cenovus Energy, Inc engages in gas and oil provisions. Its activities include development, production, and marketing of crude oil, natural gas liquids, and natural gas in Canada. It operates through four segments: Oil Sands, Deep Basin, Refining & Marketing, and Corporate & Eliminations. The Oil sands segment includes the development and production of bitumen and natural gas in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development, such as Grand Rapids and Telephone Lake.

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

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