920,500 Shares in Cenovus Energy Inc $CVE Acquired by Aegis Financial Corp

Aegis Financial Corp bought a new stake in Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 920,500 shares of the oil and gas company’s stock, valued at approximately $15,639,000. Cenovus Energy makes up 6.0% of Aegis Financial Corp’s holdings, making the stock its 6th largest position. Aegis Financial Corp owned 0.05% of Cenovus Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CVE. Canada Pension Plan Investment Board lifted its stake in shares of Cenovus Energy by 322.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 15,521,050 shares of the oil and gas company’s stock valued at $211,338,000 after acquiring an additional 11,849,355 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Cenovus Energy by 494.2% in the 3rd quarter. CIBC Asset Management Inc now owns 11,442,043 shares of the oil and gas company’s stock worth $194,493,000 after purchasing an additional 9,516,460 shares in the last quarter. Picton Mahoney Asset Management bought a new position in Cenovus Energy in the second quarter valued at about $74,895,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Cenovus Energy by 37.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 14,428,074 shares of the oil and gas company’s stock valued at $245,133,000 after purchasing an additional 3,945,324 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Cenovus Energy during the third quarter valued at about $57,928,000. Institutional investors own 51.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Cenovus Energy in a research note on Tuesday, January 20th. Scotiabank upgraded shares of Cenovus Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Royal Bank Of Canada raised their price target on shares of Cenovus Energy from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Wall Street Zen cut shares of Cenovus Energy from a “buy” rating to a “hold” rating in a research note on Monday. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $22.00 price objective on shares of Cenovus Energy in a report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Cenovus Energy currently has an average rating of “Moderate Buy” and an average target price of $27.33.

Key Cenovus Energy News

Here are the key news stories impacting Cenovus Energy this week:

• Positive Sentiment: Cenovus will redeem all outstanding Series 1 (2.577%) and Series 2 (3.948%) preferred shares on March 31, 2026 for $25.00 per share (roughly $300M aggregate), funded primarily from cash on hand — this reduces ongoing preferred dividend obligations and simplifies the capital structure (cash outflow is a tradeoff). Redemption Announcement
• Positive Sentiment: Broker consensus remains constructive — Cenovus has an average rating of “Moderate Buy” from brokerages, which supports investor demand and valuation sentiment. Brokerage Average Rating
• Positive Sentiment: Investor materials from the Q4/2025 results continue to underline improved EPS performance (Cenovus previously beat EPS estimates), providing fundamental support for the stock despite mixed revenue dynamics. Q4 Results Presentation
• Neutral Sentiment: Media note: Cenovus has drawn market attention within the NYSE Composite today (coverage noting trading interest and relative performance), which can amplify intraday moves but is informational rather than catalytic. Market Focus Article
• Negative Sentiment: Comparative pieces argue Cenovus’s upstream-heavy profile is vulnerable if oil prices soften and that a diversified refiner like Phillips 66 (PSX) may be a better risk/return choice — this narrative can pressure investor appetite for CVE versus integrated peers. Cenovus vs Phillips 66 (Yahoo) Cenovus vs Phillips 66 (Zacks)
• Negative Sentiment: Analyst action: Veritas downgraded Cenovus from “hold” to “strong sell” — a headline downgrade that can spur short-term selling or reduce marginal buyer interest until the rationale is reassessed. Veritas Downgrade

Cenovus Energy Price Performance

CVE stock opened at $22.08 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.04. The company’s 50-day moving average is $19.07 and its 200-day moving average is $17.76. The stock has a market capitalization of $41.51 billion, a PE ratio of 14.43 and a beta of 0.48. Cenovus Energy Inc has a 1 year low of $10.23 and a 1 year high of $23.39.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its quarterly earnings results on Thursday, February 19th. The oil and gas company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $10.89 billion. Cenovus Energy had a return on equity of 13.25% and a net margin of 7.92%.During the same period in the prior year, the business earned $0.07 EPS. Equities research analysts expect that Cenovus Energy Inc will post 1.49 EPS for the current fiscal year.

Cenovus Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, March 13th. Cenovus Energy’s dividend payout ratio (DPR) is currently 37.25%.

Cenovus Energy Profile

Cenovus Energy Inc is a Canadian integrated energy company engaged in the exploration, development and production of crude oil, natural gas liquids and natural gas, together with downstream refining and marketing activities. Headquartered in Calgary, Alberta, Cenovus operates a mix of oil sands thermal and dilbit assets, conventional oil and gas properties, and owns refining and midstream assets designed to move and process hydrocarbons into finished petroleum products for commercial markets.

The company was originally formed as a spin‑off from Encana Corporation in 2009 and has grown through organic development and strategic acquisitions.