Caxton Associates LP Takes $914,000 Position in Cenovus Energy Inc. (NYSE:CVE)

Caxton Associates LP bought a new stake in Cenovus Energy Inc. (NYSE:CVE) (TSE:CVE) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 45,700 shares of the oil and gas company’s stock, valued at approximately $914,000.

Several other large investors have also added to or reduced their stakes in the business. Capital World Investors lifted its position in Cenovus Energy by 5.4% in the 4th quarter. Capital World Investors now owns 150,534,829 shares of the oil and gas company’s stock valued at $2,508,185,000 after acquiring an additional 7,750,480 shares in the last quarter. Vanguard Group Inc. lifted its position in Cenovus Energy by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 48,563,284 shares of the oil and gas company’s stock valued at $970,780,000 after acquiring an additional 1,008,341 shares in the last quarter. TD Asset Management Inc lifted its position in Cenovus Energy by 26.5% in the 4th quarter. TD Asset Management Inc now owns 42,191,779 shares of the oil and gas company’s stock valued at $706,503,000 after acquiring an additional 8,841,374 shares in the last quarter. Capital International Investors lifted its position in Cenovus Energy by 216.3% in the 1st quarter. Capital International Investors now owns 33,927,436 shares of the oil and gas company’s stock valued at $678,250,000 after acquiring an additional 23,202,018 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Cenovus Energy by 4.4% in the 4th quarter. Mackenzie Financial Corp now owns 11,053,328 shares of the oil and gas company’s stock valued at $184,278,000 after acquiring an additional 462,273 shares in the last quarter. Institutional investors own 51.19% of the company’s stock.

Analyst Ratings Changes

CVE has been the topic of several recent analyst reports. Raymond James raised shares of Cenovus Energy to a “moderate buy” rating in a research report on Tuesday, May 28th. StockNews.com cut shares of Cenovus Energy from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Finally, Scotiabank dropped their target price on shares of Cenovus Energy from $35.00 to $34.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Cenovus Energy presently has a consensus rating of “Buy” and an average price target of $30.67.

Cenovus Energy Trading Up 0.1 %

NYSE:CVE opened at $19.57 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $36.32 billion, a PE ratio of 10.87 and a beta of 2.07. The firm’s 50 day moving average is $19.63 and its 200 day moving average is $19.01. Cenovus Energy Inc. has a 12 month low of $14.69 and a 12 month high of $21.90.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. Cenovus Energy had a net margin of 8.73% and a return on equity of 16.53%. The company had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.98 billion. Sell-side analysts expect that Cenovus Energy Inc. will post 1.98 earnings per share for the current year.

Cenovus Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were paid a $0.0981 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.18 dividend on an annualized basis and a yield of 6.01%. Cenovus Energy’s dividend payout ratio is 29.44%.

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.