Signaturefd LLC Has $485,000 Stake in Cenovus Energy Inc (NYSE:CVE)

Signaturefd LLC reduced its stake in Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 29.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,853 shares of the oil and gas company’s stock after selling 14,637 shares during the period. Signaturefd LLC’s holdings in Cenovus Energy were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Cenovus Energy by 104.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,662 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 851 shares during the period. Bruce G. Allen Investments LLC bought a new position in Cenovus Energy in the 1st quarter valued at about $38,000. Cromwell Holdings LLC lifted its position in shares of Cenovus Energy by 1,165.1% during the 1st quarter. Cromwell Holdings LLC now owns 3,049 shares of the oil and gas company’s stock worth $42,000 after buying an additional 2,808 shares in the last quarter. Natixis bought a new position in shares of Cenovus Energy during the 4th quarter worth approximately $98,000. Finally, Clarius Group LLC purchased a new stake in shares of Cenovus Energy during the 1st quarter worth approximately $150,000. 51.19% of the stock is currently owned by institutional investors.

Cenovus Energy Trading Up 0.6%

Shares of Cenovus Energy stock opened at $14.04 on Friday. The firm has a fifty day moving average price of $13.91 and a 200 day moving average price of $13.75. Cenovus Energy Inc has a 1 year low of $10.23 and a 1 year high of $20.60. The stock has a market cap of $25.41 billion, a PE ratio of 13.13 and a beta of 0.93. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 0.84.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its quarterly earnings results on Thursday, May 8th. The oil and gas company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Cenovus Energy had a net margin of 5.22% and a return on equity of 9.56%. The business had revenue of $11.15 billion for the quarter, compared to the consensus estimate of $12.39 billion. During the same period in the previous year, the firm earned $0.62 EPS. Equities research analysts predict that Cenovus Energy Inc will post 1.49 earnings per share for the current year.

Cenovus Energy Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.20 per share. This is a boost from Cenovus Energy’s previous dividend of $0.11. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, June 13th. Cenovus Energy’s dividend payout ratio (DPR) is currently 54.21%.

Analyst Ratings Changes

A number of research firms have recently commented on CVE. Veritas lowered shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 14th. The Goldman Sachs Group lowered their price objective on shares of Cenovus Energy from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. National Bankshares reissued a “sector perform” rating on shares of Cenovus Energy in a research note on Friday, April 25th. Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 price target on shares of Cenovus Energy in a research note on Friday, April 11th. Finally, Morgan Stanley restated an “overweight” rating on shares of Cenovus Energy in a report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

About Cenovus Energy

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.