XTX Topco Ltd Acquires Shares of 22,037 Cenovus Energy Inc (NYSE:CVE)

XTX Topco Ltd acquired a new stake in Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,037 shares of the oil and gas company’s stock, valued at approximately $307,000.

Other large investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC bought a new stake in shares of Cenovus Energy during the 1st quarter worth $38,000. Cromwell Holdings LLC raised its position in Cenovus Energy by 1,165.1% in the first quarter. Cromwell Holdings LLC now owns 3,049 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 2,808 shares during the period. Natixis bought a new stake in Cenovus Energy in the fourth quarter worth about $98,000. Clarius Group LLC bought a new stake in shares of Cenovus Energy in the 1st quarter worth approximately $150,000. Finally, Black Maple Capital Management LP bought a new stake in shares of Cenovus Energy in the 4th quarter worth approximately $167,000. 51.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CVE has been the topic of several research reports. Royal Bank Of Canada boosted their price target on shares of Cenovus Energy from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Veritas cut shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 14th. National Bankshares reissued a “sector perform” rating on shares of Cenovus Energy in a report on Friday, April 25th. Morgan Stanley reissued an “overweight” rating on shares of Cenovus Energy in a report on Tuesday, April 15th. Finally, Wall Street Zen upgraded Cenovus Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Five investment 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. According to data from MarketBeat, Cenovus Energy currently has an average rating of “Moderate Buy” and a consensus price target of $23.33.

Cenovus Energy Price Performance

NYSE CVE opened at $14.88 on Monday. Cenovus Energy Inc has a 12 month low of $10.23 and a 12 month high of $20.03. The stock has a market cap of $26.87 billion, a price-to-earnings ratio of 14.73 and a beta of 0.97. The company’s 50 day moving average is $14.29 and its two-hundred day moving average is $13.68. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.24.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last announced its quarterly earnings results on Thursday, July 31st. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.19. Cenovus Energy had a net margin of 5.18% and a return on equity of 9.06%. The company had revenue of $10.66 billion for the quarter, compared to the consensus estimate of $10.64 billion. During the same period in the previous year, the firm posted $0.62 EPS. Cenovus Energy’s revenue for the quarter was down 12.6% compared to the same quarter last year. As a group, research analysts anticipate that Cenovus Energy Inc will post 1.49 earnings per share for the current year.

Cenovus Energy Increases Dividend

The business also recently announced a dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a dividend yield of 425.0%. This is an increase from Cenovus Energy’s previous dividend of $0.11. Cenovus Energy’s dividend payout ratio is presently 57.43%.

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.