Avior Wealth Management LLC Has $74,000 Position in Cenovus Energy Inc. (NYSE:CVE)

Avior Wealth Management LLC reduced its holdings in Cenovus Energy Inc. (NYSE:CVEFree Report) (TSE:CVE) by 25.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,876 shares of the oil and gas company’s stock after selling 1,700 shares during the quarter. Avior Wealth Management LLC’s holdings in Cenovus Energy were worth $74,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Smead Capital Management Inc. lifted its holdings in Cenovus Energy by 39.3% in the third quarter. Smead Capital Management Inc. now owns 15,416,146 shares of the oil and gas company’s stock valued at $257,831,000 after buying an additional 4,351,960 shares during the period. Geode Capital Management LLC raised its holdings in Cenovus Energy by 9.7% in the third quarter. Geode Capital Management LLC now owns 6,413,919 shares of the oil and gas company’s stock worth $109,232,000 after purchasing an additional 568,732 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Cenovus Energy by 23.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,980,853 shares of the oil and gas company’s stock worth $83,330,000 after purchasing an additional 952,477 shares during the period. Swiss National Bank raised its holdings in Cenovus Energy by 0.4% in the third quarter. Swiss National Bank now owns 4,211,235 shares of the oil and gas company’s stock worth $70,546,000 after purchasing an additional 17,900 shares during the period. Finally, Recurrent Investment Advisors LLC raised its holdings in Cenovus Energy by 11.6% in the third quarter. Recurrent Investment Advisors LLC now owns 4,100,212 shares of the oil and gas company’s stock worth $69,764,000 after purchasing an additional 426,002 shares during the period. 51.19% of the stock is currently owned by institutional investors and hedge funds.

Cenovus Energy Stock Up 2.6 %

Shares of CVE stock opened at $14.97 on Thursday. The firm has a fifty day moving average of $15.16 and a 200-day moving average of $16.82. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. Cenovus Energy Inc. has a 12-month low of $14.20 and a 12-month high of $21.90. The company has a market capitalization of $27.31 billion, a price-to-earnings ratio of 10.32 and a beta of 2.01.

Cenovus Energy (NYSE:CVEGet Free Report) (TSE:CVE) last issued its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.08. Cenovus Energy had a net margin of 6.72% and a return on equity of 12.88%. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue was down 17.9% compared to the same quarter last year. As a group, equities research analysts predict that Cenovus Energy Inc. will post 1.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com lowered shares of Cenovus Energy from a “buy” rating to a “hold” rating in a report on Saturday, December 28th. BMO Capital Markets cut their target price on shares of Cenovus Energy from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $28.00 target price on shares of Cenovus Energy in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.00.

View Our Latest Analysis on CVE

Cenovus Energy Company Profile

(Free Report)

Cenovus Energy Inc, together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.

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

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