SIR Capital Management L.P. Purchases Shares of 674,191 Cenovus Energy Inc $CVE

Posted by Francis Steltz on Aug 25th, 2026

SIR Capital Management L.P. purchased a new stake in Cenovus Energy Inc (NYSE:CVE – Free Report) (TSE:CVE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 674,191 shares of the oil and gas company’s stock, valued at approximately $16,727,000. Cenovus Energy comprises 1.9% of SIR Capital Management L.P.’s investment portfolio, making the stock its 13th biggest position.

A number of other hedge funds have also modified their holdings of CVE. Jones Financial Companies Lllp increased its position in Cenovus Energy by 574.8% during the first quarter. Jones Financial Companies Lllp now owns 21,607 shares of the oil and gas company’s stock worth $301,000 after buying an additional 18,405 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Cenovus Energy by 6.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 747,472 shares of the oil and gas company’s stock valued at $10,397,000 after acquiring an additional 44,125 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Cenovus Energy in the second quarter valued at $525,000. EverSource Wealth Advisors LLC boosted its stake in shares of Cenovus Energy by 57.8% during the second quarter. EverSource Wealth Advisors LLC now owns 4,912 shares of the oil and gas company’s stock valued at $67,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Cenovus Energy during the second quarter valued at $495,000. 51.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CVE. Morgan Stanley reissued an “overweight” rating on shares of Cenovus Energy in a research note on Wednesday, August 19th. Scotiabank reaffirmed an “outperform” rating on shares of Cenovus Energy in a research note on Thursday, July 30th. Royal Bank Of Canada lifted their price target on shares of Cenovus Energy from $47.00 to $51.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Desjardins raised shares of Cenovus Energy to a “moderate buy” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings raised shares of Cenovus Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.25.

Read Our Latest Stock Report on CVE

Cenovus Energy Stock Down 2.3%

Shares of NYSE CVE opened at $32.17 on Tuesday. Cenovus Energy Inc has a 52-week low of $15.63 and a 52-week high of $33.40. The firm has a fifty day moving average of $27.93 and a 200-day moving average of $26.60. The stock has a market capitalization of $59.50 billion, a PE ratio of 12.37 and a beta of 0.34. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 0.25.

Cenovus Energy (NYSE:CVE – Get Free Report) (TSE:CVE) last issued its earnings results on Wednesday, July 29th. The oil and gas company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. The business had revenue of $14.59 billion for the quarter, compared to analyst estimates of $11.87 billion. Cenovus Energy had a return on equity of 21.08% and a net margin of 12.37%.The business’s quarterly revenue was up 47.9% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. On average, analysts anticipate that Cenovus Energy Inc will post 3.2 EPS for the current year.

Cenovus Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.88 annualized dividend and a yield of 2.7%. Cenovus Energy’s dividend payout ratio is currently 24.62%.

Cenovus Energy Company Profile

(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.