Cenovus Energy Inc $CVE Stock Holdings Boosted by Greenfield Seitz Capital Management LLC

Greenfield Seitz Capital Management LLC raised its holdings in Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,339,954 shares of the oil and gas company’s stock after purchasing an additional 56,507 shares during the period. Cenovus Energy comprises 7.3% of Greenfield Seitz Capital Management LLC’s holdings, making the stock its largest position. Greenfield Seitz Capital Management LLC owned about 0.07% of Cenovus Energy worth $22,766,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CVE. Allworth Financial LP lifted its position in shares of 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 valued at $31,000 after buying an additional 1,168 shares in the last quarter. Advisory Services Network LLC acquired a new position in Cenovus Energy during the third quarter worth $50,000. Geneos Wealth Management Inc. lifted its holdings in Cenovus Energy by 74.1% during the second quarter. Geneos Wealth Management Inc. now owns 3,253 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 1,384 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Cenovus Energy by 57.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,912 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 1,800 shares during the period. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Cenovus Energy in the second quarter valued at about $78,000. 51.19% of the stock is currently owned by hedge funds and other institutional investors.

Cenovus Energy Stock Performance

NYSE CVE opened at $23.56 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.57. The stock’s fifty day moving average is $20.68 and its two-hundred day moving average is $18.46. The firm has a market capitalization of $44.28 billion, a P/E ratio of 15.40 and a beta of 0.43. Cenovus Energy Inc has a fifty-two week low of $10.23 and a fifty-two week high of $24.06.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its earnings results on Thursday, February 19th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $10.89 billion. Cenovus Energy had a return on equity of 13.25% and a net margin of 7.92%.During the same period last year, the company earned $0.07 EPS. On average, research analysts anticipate that Cenovus Energy Inc will post 1.49 earnings per share for the current year.

Cenovus Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.80 dividend on an annualized basis and a yield of 3.4%. Cenovus Energy’s payout ratio is 37.91%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. restated a “neutral” rating on shares of Cenovus Energy in a research report on Tuesday, January 20th. Morgan Stanley reissued an “overweight” rating on shares of Cenovus Energy in a report on Thursday, November 20th. The Goldman Sachs Group boosted their price target on Cenovus Energy from $22.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Weiss Ratings restated a “hold (c)” rating on shares of Cenovus Energy in a report on Tuesday, January 27th. Finally, Royal Bank Of Canada upped 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, February 18th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cenovus Energy has a consensus rating of “Moderate Buy” and an average price target of $29.67.

Cenovus Energy Profile

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.