International Assets Investment Management LLC Has $879,000 Holdings in Cenovus Energy Inc $CVE

International Assets Investment Management LLC boosted its holdings in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 16.8% in the second quarter, HoldingsChannel reports. The fund owned 64,651 shares of the oil and gas company’s stock after buying an additional 9,309 shares during the quarter. International Assets Investment Management LLC’s holdings in Cenovus Energy were worth $879,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Cenovus Energy by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 54,483,601 shares of the oil and gas company’s stock worth $757,213,000 after acquiring an additional 4,401,045 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Cenovus Energy by 56.5% during the 1st quarter. Mackenzie Financial Corp now owns 19,481,233 shares of the oil and gas company’s stock valued at $270,742,000 after buying an additional 7,035,004 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Cenovus Energy by 33.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 17,363,386 shares of the oil and gas company’s stock valued at $241,513,000 after buying an additional 4,362,384 shares during the last quarter. Smead Capital Management Inc. lifted its holdings in shares of Cenovus Energy by 2.5% during the 1st quarter. Smead Capital Management Inc. now owns 15,495,912 shares of the oil and gas company’s stock valued at $215,418,000 after buying an additional 372,680 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Cenovus Energy by 40.2% during the 1st quarter. Invesco Ltd. now owns 11,281,543 shares of the oil and gas company’s stock valued at $156,926,000 after buying an additional 3,237,659 shares during the last quarter. 51.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CVE. Wall Street Zen upgraded Cenovus Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of Cenovus Energy in a report on Tuesday, September 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cenovus Energy in a report on Wednesday, October 8th. National Bankshares restated an “outperform” rating on shares of Cenovus Energy in a report on Wednesday, September 10th. Finally, National Bank Financial upgraded Cenovus Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, August 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $23.33.

Cenovus Energy Price Performance

Shares of CVE stock opened at $16.97 on Tuesday. The stock’s fifty day simple moving average is $16.71 and its 200 day simple moving average is $14.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.32 and a quick ratio of 0.78. The firm has a market cap of $30.32 billion, a price-to-earnings ratio of 16.80 and a beta of 0.92. Cenovus Energy Inc has a one year low of $10.23 and a one year high of $18.60.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its quarterly earnings data on Thursday, July 31st. The oil and gas company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.19. The company had revenue of $10.66 billion for the quarter, compared to analyst estimates of $10.64 billion. Cenovus Energy had a return on equity of 9.06% and a net margin of 5.18%.The business’s revenue was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. On average, analysts expect that Cenovus Energy Inc will post 1.49 earnings per share for the current fiscal year.

Cenovus Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Monday, September 15th. Cenovus Energy’s dividend payout ratio is currently 57.43%.

Cenovus Energy Company 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.