Economy

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 Inc.is 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%.



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