Yousif Capital Management LLC Has $239,000 Position in Cenovus Energy Inc $CVE

Yousif Capital Management LLC lifted its position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 8.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,539 shares of the oil and gas company’s stock after purchasing an additional 1,340 shares during the period. Yousif Capital Management LLC’s holdings in Cenovus Energy were worth $239,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Cenovus Energy by 8.8% during the first quarter. Vanguard Group Inc. now owns 54,483,601 shares of the oil and gas company’s stock worth $757,213,000 after purchasing an additional 4,401,045 shares during the period. Mackenzie Financial Corp boosted its stake 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 worth $270,742,000 after acquiring an additional 7,035,004 shares during the period. Dimensional Fund Advisors LP increased 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 worth $241,513,000 after acquiring an additional 4,362,384 shares during the last quarter. Smead Capital Management Inc. increased 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 worth $215,418,000 after acquiring an additional 372,680 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Cenovus Energy by 40.2% in 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 acquiring an additional 3,237,659 shares during the period. 51.19% of the stock is currently owned by institutional investors and hedge funds.

Cenovus Energy Stock Performance

Shares of NYSE:CVE opened at $17.09 on Friday. Cenovus Energy Inc has a 12-month low of $10.23 and a 12-month high of $18.60. The company’s 50 day moving average price is $16.87 and its two-hundred day moving average price is $14.71. The firm has a market cap of $30.54 billion, a PE ratio of 16.92 and a beta of 0.92. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.24.

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 firm 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 company’s revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the company 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, September 15th. Cenovus Energy’s dividend payout ratio (DPR) is currently 57.43%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Cenovus Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cenovus Energy in a report on Wednesday, October 8th. Jefferies Financial Group reiterated a “buy” rating on shares of Cenovus Energy in a research note on Tuesday, September 2nd. National Bank Financial upgraded shares of Cenovus Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 22nd. Finally, UBS Group reaffirmed a “buy” rating on shares of Cenovus Energy in a research report on Monday, August 25th. Four equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cenovus Energy presently has a consensus rating of “Buy” and an average price target of $23.33.

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.