Mraz Amerine & Associates Inc. Has $586,000 Stock Holdings in Cenovus Energy Inc. (NYSE:CVE)

Mraz Amerine & Associates Inc. boosted its holdings in shares of Cenovus Energy Inc. (NYSE:CVE) (TSE:CVE) by 117.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 35,193 shares of the oil and gas company’s stock after acquiring an additional 18,985 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Cenovus Energy were worth $586,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in shares of Cenovus Energy by 1.6% during the third quarter. Commonwealth Equity Services LLC now owns 29,149 shares of the oil and gas company’s stock worth $448,000 after purchasing an additional 472 shares in the last quarter. CWM LLC boosted its position in shares of Cenovus Energy by 19.2% during the third quarter. CWM LLC now owns 3,336 shares of the oil and gas company’s stock worth $69,000 after purchasing an additional 537 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Cenovus Energy by 2.7% during the third quarter. Private Advisor Group LLC now owns 22,453 shares of the oil and gas company’s stock worth $467,000 after purchasing an additional 598 shares in the last quarter. Schechter Investment Advisors LLC boosted its position in shares of Cenovus Energy by 1.6% during the third quarter. Schechter Investment Advisors LLC now owns 39,350 shares of the oil and gas company’s stock worth $819,000 after purchasing an additional 611 shares in the last quarter. Finally, Lorne Steinberg Wealth Management Inc. boosted its position in shares of Cenovus Energy by 1.1% during the third quarter. Lorne Steinberg Wealth Management Inc. now owns 57,715 shares of the oil and gas company’s stock worth $1,205,000 after purchasing an additional 630 shares in the last quarter. Institutional investors and hedge funds own 51.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CVE shares. Morgan Stanley boosted their price objective on shares of Cenovus Energy from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. UBS Group raised shares of Cenovus Energy from a “neutral” rating to a “buy” rating in a research report on Friday, February 23rd. StockNews.com raised shares of Cenovus Energy from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of Cenovus Energy in a research report on Friday, January 26th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Cenovus Energy presently has an average rating of “Buy” and an average target price of $26.67.

Cenovus Energy Stock Up 0.4 %

NYSE:CVE traded up $0.08 on Wednesday, hitting $20.71. 16,289,772 shares of the company’s stock were exchanged, compared to its average volume of 11,590,143. The firm has a 50-day moving average price of $18.79 and a 200-day moving average price of $17.99. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.56 and a quick ratio of 0.91. Cenovus Energy Inc. has a 52 week low of $14.69 and a 52 week high of $21.90. The company has a market cap of $38.63 billion, a P/E ratio of 13.11 and a beta of 2.15.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. Cenovus Energy had a net margin of 7.88% and a return on equity of 14.85%. The firm had revenue of $9.65 billion for the quarter, compared to analysts’ expectations of $9.73 billion. During the same period in the previous year, the firm posted $0.29 EPS. As a group, analysts expect that Cenovus Energy Inc. will post 1.77 EPS for the current fiscal year.

Cenovus Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.1033 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Cenovus Energy’s previous quarterly dividend of $0.10. This represents a $0.41 annualized dividend and a yield of 2.00%. Cenovus Energy’s payout ratio is 25.95%.

Cenovus Energy 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.