Cenovus Energy Inc (NYSE:CVE) Shares Sold by Franklin Resources Inc

Cenovus Energy Inc (NYSE:CVE) Shares Sold by Franklin Resources Inc”

Cenovus Energy Inc. (NYSE:CVE) reported its EPS in the last quarter as $0.3/Share beating the analyst estimate of $0.03/Share by a difference of $0.27.

$10.13 and $10.38. The company operates in the Energy sector with a market capitalization of 12.4 Million.

Cenovus Energy is an integrated oil company headquartered in Calgary, Alberta. Allegis Investment Advisors LLC lifted its holdings in Cenovus Energy by 16.9% during the second quarter. Neuberger Berman Group LLC now owns 12,992 shares of the oil and gas company's stock worth $147,000 after buying an additional 900 shares during the period. It also increased its holding in Hudbay Minerals Inc (NYSE:HBM) by 1.47 million shares in the quarter, for a total of 27.36M shares, and has risen its stake in China Mobile Limited (NYSE:CHL). First Trust Advisors LP now owns 43,183 shares of the oil and gas company's stock worth $488,000 after acquiring an additional 6,521 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Cenovus Energy by 51.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 2,208,908 shares of the oil and gas company's stock worth $24,927,000 after acquiring an additional 49,076 shares during the last quarter. Institutional investors own 56.17% of the company's stock.

Cenovus Energy Inc. (NYSE:CVE) received a Buy rating from 6 analysts. According to today's trading volume Cenovus Energy BELOW its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Finally, Barclays PLC reiterated an "overweight" rating and issued a $22.00 price objective (up previously from $15.00) on shares of Cenovus Energy in a research note on Wednesday, July 12th. Macquarie Research downgraded the shares of CVE in report on Wednesday, June 21 to "Sell" rating. Finally, Goldman Sachs Group, Inc. The rating was maintained by Citigroup with "Neutral" on Monday, September 14. The stock has "Sell" rating by Goldman Sachs on Monday, January 23. CIBC lowered their price target on Cenovus Energy from C$18.00 to C$13.00 in a research report on Wednesday, June 21st. Instinet reduced their price target on Cenovus Energy from C$20.00 to C$18.00 in a report on Friday, March 31st. If you are viewing this piece on another site, it was copied illegally and republished in violation of USA & global copyright law.

Letko Brosseau & Associates Inc decreased its stake in Canadian Nat Res Ltd (CNQ) by 1.39% based on its latest 2017Q2 regulatory filing with the SEC. The firm has "Buy" rating given on Thursday, June 16 by RBC Capital Markets.

The stock's 50 day moving average is 8.07 and its 200 day moving average is 9.17. Cenovus Energy had a net margin of 17.89% and a return on equity of 3.20%. The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.40 billion. During the same period in the previous year, the company earned ($0.05) earnings per share. Analysts forecast that Cenovus Energy Inc will post $0.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Canadian Natural Resource Ltd (USA) (NYSE:CNQ) has risen 10.32% since September 27, 2016 and is uptrending. The ex-dividend date is Thursday, September 14th. This is a positive change from Cenovus Energy's previous quarterly dividend of $0.04. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.54%. Cenovus Energy's payout ratio is 8.89%.

Like this


28 September 2017
PM Prayut says fugitive Yingluck is in Dubai
Yingluck and her supporters have said she is innocent, and she has called the charges against her politically motivated. Yingluck, who was active on social media, has not commented publicly since disappearing from public view last month.

28 September 2017
Macron wants EU-wide corporate tax band
Merkel said Europe would play a role in the coalition negotiations and that it would be important to sound out the FDP. During his election campaign, French President Emmanuel Macron promised to reinvigorate the European Union.

28 September 2017
Masked gunman kills woman, wounds several others at Nashville church
A woman was shot and killed in the parking lot before he allegedly went inside and continued firing numerous shots. Police said that in the struggle between the two that followed, Samson's gun accidentally fired and hit him.

28 September 2017
Pressure piles on Simon Grayson after Sunderland ship five
Thankfully that's how it turned out. "I can accept a lack of confidence when you've got the ball because that is more important and I think that affects you more".

28 September 2017
Rodney Hogg tears into Smith for picking his mates in XI
Australia were whitewashed 5-0 away to South Africa past year and Finch said the mounting losses were not helping with confidence. The Australian captain had also admitted that it indeed becomes hard to motivate the team after such defeats.

28 September 2017
Auburn suspends coach accused of taking bribe
Kim said Person told players that the financial adviser, who was a cooperating witness with the U.S. University issues statement in response to allegations against associate head coach Chuck Person.

28 September 2017
Overwatch Bug Causes Seasonal Bans and Devastating Skill Rating Loss
A bug like this could completely jeopardize the success of its esports league and so the developer will need to be proactive. When this happens, Overwatch goes into a "waiting for players" state and will always fail when trying to find a match.

28 September 2017
Manchester United's Henrikh Mkhitaryan keen to improve to keep starting place
However, Mourinho was keen to emphasise Mkhitaryan is not a guaranteed starter at Arena CSKA. I'm not saying Mkhitaryan starts the match tomorrow.

28 September 2017
Girl, 11, 'consented' to sex with man
An act can only qualify as rape under French law if there is violence or a threat of violence during a sexual act. The trial, which was to be held Tuesday, was postponed until February 13 to consider a procedural issue.

28 September 2017
Shares Running on Volume: Franklin Resources Inc (BEN)
AR now owns 4,389 shares of the casino operator's stock worth $280,000 after buying an additional 31 shares in the last quarter. Las Vegas Sands Corp. had a net margin of 14.64% and a return on equity of 23.75%. (NYSE:LVS) rating on Wednesday, October 19.