Vanguard Personalized Indexing Management LLC Has $372,000 Holdings in Cenovus Energy Inc. (NYSE:CVE)

Vanguard Personalized Indexing Management LLC increased its holdings in Cenovus Energy Inc. (NYSE:CVE) (TSE:CVE) by 24.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,899 shares of the oil and gas company’s stock after acquiring an additional 3,652 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Cenovus Energy were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SVB Wealth LLC raised its holdings in shares of Cenovus Energy by 2.6% in the 1st quarter. SVB Wealth LLC now owns 19,710 shares of the oil and gas company’s stock worth $394,000 after acquiring an additional 507 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Cenovus Energy by 17.6% in the 1st quarter. Lindbrook Capital LLC now owns 4,240 shares of the oil and gas company’s stock worth $85,000 after acquiring an additional 636 shares during the last quarter. SYSTM Wealth Solutions LLC increased its stake in Cenovus Energy by 6.8% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 12,493 shares of the oil and gas company’s stock valued at $250,000 after buying an additional 800 shares during the last quarter. Cetera Advisors LLC increased its stake in Cenovus Energy by 5.2% in the 1st quarter. Cetera Advisors LLC now owns 16,347 shares of the oil and gas company’s stock valued at $327,000 after buying an additional 801 shares during the last quarter. Finally, Gold Investment Management Ltd. increased its stake in Cenovus Energy by 4.6% in the 1st quarter. Gold Investment Management Ltd. now owns 18,881 shares of the oil and gas company’s stock valued at $378,000 after buying an additional 833 shares during the last quarter. Institutional investors and hedge funds own 51.19% of the company’s stock.

Analyst Upgrades and Downgrades

CVE has been the subject of several analyst reports. StockNews.com lowered shares of Cenovus Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Scotiabank decreased their price objective on shares of Cenovus Energy from $35.00 to $34.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $30.67.

Cenovus Energy Stock Up 2.1 %

Cenovus Energy stock opened at $16.64 on Friday. Cenovus Energy Inc. has a twelve month low of $14.69 and a twelve month high of $21.90. The firm has a 50 day moving average price of $18.18 and a 200-day moving average price of $19.38. The company has a market capitalization of $30.93 billion, a P/E ratio of 9.24 and a beta of 2.05. The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 0.25.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its earnings results on Thursday, August 1st. The oil and gas company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.13). Cenovus Energy had a net margin of 8.56% and a return on equity of 16.61%. The company had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $9.78 billion. As a group, equities analysts predict that Cenovus Energy Inc. will post 1.84 EPS for the current year.

Cenovus Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.132 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Friday, September 13th. Cenovus Energy’s dividend payout ratio is currently 29.44%.

Cenovus Energy Profile

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.