Renaissance Technologies LLC Reduces Stock Position in Cenovus Energy Inc $CVE

Posted by Brenda Bartman on Jul 28th, 2026

Renaissance Technologies LLC cut its holdings in Cenovus Energy Inc (NYSE:CVE – Free Report) (TSE:CVE) by 72.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,427,294 shares of the oil and gas company’s stock after selling 3,845,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Cenovus Energy were worth $37,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Capital Research Global Investors raised its position in Cenovus Energy by 16.6% during the 4th quarter. Capital Research Global Investors now owns 124,313,513 shares of the oil and gas company’s stock valued at $2,103,090,000 after purchasing an additional 17,730,542 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Cenovus Energy by 12.8% in the 4th quarter. Vanguard Group Inc. now owns 63,525,477 shares of the oil and gas company’s stock worth $1,074,660,000 after buying an additional 7,197,843 shares during the last quarter. Capital International Investors grew its position in shares of Cenovus Energy by 3.9% in the 4th quarter. Capital International Investors now owns 50,979,140 shares of the oil and gas company’s stock worth $862,505,000 after buying an additional 1,903,432 shares during the last quarter. FIL Ltd increased its stake in shares of Cenovus Energy by 40.0% during the fourth quarter. FIL Ltd now owns 38,533,059 shares of the oil and gas company’s stock valued at $651,880,000 after buying an additional 11,019,212 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Cenovus Energy by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,018,995 shares of the oil and gas company’s stock valued at $304,894,000 after buying an additional 855,618 shares during the period. Hedge funds and other institutional investors own 51.19% of the company’s stock.

Cenovus Energy Stock Down 4.3%

Shares of NYSE:CVE opened at $28.03 on Tuesday. Cenovus Energy Inc has a 52-week low of $14.48 and a 52-week high of $32.07. The firm has a market capitalization of $52.16 billion, a P/E ratio of 15.40 and a beta of 0.34. The stock has a 50 day moving average price of $27.39 and a 200-day moving average price of $24.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.57.

Cenovus Energy (NYSE:CVE – Get Free Report) (TSE:CVE) last released its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.05. The company had revenue of $10.79 billion for the quarter, compared to analyst estimates of $9.47 billion. Cenovus Energy had a return on equity of 15.29% and a net margin of 9.53%.The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. As a group, equities research analysts anticipate that Cenovus Energy Inc will post 3.02 EPS for the current fiscal year.

Cenovus Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.22 per share. This is a boost from Cenovus Energy’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.1%. Cenovus Energy’s dividend payout ratio (DPR) is presently 34.62%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CVE. The Goldman Sachs Group restated a “buy” rating on shares of Cenovus Energy in a report on Wednesday, May 13th. UBS Group reissued a “buy” rating on shares of Cenovus Energy in a research report on Thursday, April 9th. Zacks Research lowered shares of Cenovus Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Royal Bank Of Canada upped their price objective on shares of Cenovus Energy from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Finally, Desjardins raised shares of Cenovus Energy to a “moderate buy” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Cenovus Energy presently has a consensus rating of “Buy” and a consensus target price of $35.25.

Get Our Latest Stock Report on CVE

About Cenovus Energy

(Free Report)

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.