Hillsdale Investment Management Inc. Acquires Shares of 558,600 Cenovus Energy Inc $CVE

Hillsdale Investment Management Inc. acquired a new position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 558,600 shares of the oil and gas company’s stock, valued at approximately $9,482,000.

Other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new position in Cenovus Energy in the second quarter worth about $27,000. Allworth Financial LP lifted its holdings in Cenovus Energy by 104.3% during the 2nd quarter. Allworth Financial LP now owns 2,288 shares of the oil and gas company’s stock worth $31,000 after buying an additional 1,168 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Cenovus Energy by 74.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,253 shares of the oil and gas company’s stock worth $44,000 after acquiring an additional 1,384 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Cenovus Energy by 39.9% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 4,205 shares of the oil and gas company’s stock valued at $57,000 after acquiring an additional 1,199 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Cenovus Energy by 57.8% during the 2nd 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. Institutional investors and hedge funds own 51.19% of the company’s stock.

Cenovus Energy Stock Down 2.4%

Cenovus Energy stock opened at $22.58 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.18 and a current ratio of 1.73. Cenovus Energy Inc has a one year low of $10.23 and a one year high of $23.39. The company has a 50-day simple moving average of $18.65 and a 200-day simple moving average of $17.56. The firm has a market capitalization of $42.44 billion, a P/E ratio of 14.75 and a beta of 0.48.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.08. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $10.89 billion. Cenovus Energy had a net margin of 7.92% and a return on equity of 13.53%. During the same period last year, the firm posted $0.07 EPS. As a group, equities analysts expect that Cenovus Energy Inc will post 1.49 earnings per share for the current year.

Cenovus Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, March 13th. This represents a $0.80 annualized dividend and a dividend yield of 3.5%. Cenovus Energy’s payout ratio is currently 46.72%.

Wall Street Analysts Forecast Growth

CVE has been the topic of several research analyst reports. Scotiabank upgraded Cenovus Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $22.00 price target on shares of Cenovus Energy in a report on Monday, February 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Cenovus Energy in a research report on Tuesday, January 20th. Royal Bank Of Canada raised their target price on shares of Cenovus Energy from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Wall Street Zen upgraded Cenovus Energy from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.33.

Trending Headlines about Cenovus Energy

Here are the key news stories impacting Cenovus Energy this week:

• Positive Sentiment: Q4 earnings beat and margin improvement: Cenovus reported Q4 EPS above consensus ($0.36 vs. $0.28) and showed stronger margins versus a year ago — a primary reason shares initially rallied after the report. Zacks: Q4 Earnings Top Estimates
• Positive Sentiment: Strong cash flow, production and throughput: Management reported roughly $2.4B cash from operations, $2.7B adjusted funds flow and ~$1.3B free funds flow, plus record upstream production and high downstream utilization — all supportive of dividends, buybacks and deleveraging. GlobeNewswire: Q4 and FY2025 Results
• Positive Sentiment: One‑time currency gain helped results: Cenovus recorded an approximately C$800M annual currency gain that magnified year‑over‑year comparisons, improving reported profitability despite weaker realized prices. Seeking Alpha: Currency Gain Magnifies Quarter
• Positive Sentiment: Dividend declared: Cenovus announced a quarterly dividend of $0.20/share (ex‑dividend March 13), providing ~3.5% yield which supports income‑oriented investors and can underpin the share price. GlobeNewswire: Q4 Release (dividend)
• Neutral Sentiment: Analyst mix and institutional flows: Analysts remain skewed bullish (several Outperform/Buy ratings and a median target near $28) but institutions reported large, mixed portfolio moves — a source of volatility but not a clear directional signal. QuiverQuant: Earnings recap & holdings
• Negative Sentiment: Valuation and oil sensitivity concerns: A Zacks piece warns CVE is near its 52‑week high after a ~58% run, noting rising valuation and sensitivity to weakening WTI forecasts as a near‑term downside risk for the stock. Zacks: Valuation Caution
• Negative Sentiment: Zacks Rank moved CVE to Strong Sell list: Zacks added CVE to its Rank #5 list on Feb 19, which can pressure sentiment and trigger short‑term selling by quantitatively driven funds. Zacks: New Strong Sell Stocks

About Cenovus Energy

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.