Natixis Advisors LLC Sells 18,096 Shares of Cenovus Energy Inc. (NYSE:CVE)

Natixis Advisors LLC decreased its position in Cenovus Energy Inc. (NYSE:CVE) (TSE:CVE) by 17.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 87,654 shares of the oil and gas company’s stock after selling 18,096 shares during the quarter. Natixis Advisors LLC’s holdings in Cenovus Energy were worth $1,328,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in shares of Cenovus Energy in the third quarter valued at $25,000. Farther Finance Advisors LLC lifted its position in Cenovus Energy by 104.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,662 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 851 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Cenovus Energy in the 4th quarter worth $67,000. Blue Trust Inc. increased its holdings in shares of Cenovus Energy by 54.7% in the 4th quarter. Blue Trust Inc. now owns 4,742 shares of the oil and gas company’s stock worth $72,000 after buying an additional 1,677 shares during the last quarter. Finally, Empirical Asset Management LLC purchased a new stake in shares of Cenovus Energy during the 4th quarter valued at about $174,000. Institutional investors own 51.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CVE shares. StockNews.com cut Cenovus Energy from a “buy” rating to a “hold” rating in a research note on Saturday, December 28th. Scotiabank raised Cenovus Energy to a “strong-buy” rating in a research report on Wednesday, March 19th. National Bank Financial downgraded Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 21st. Finally, Royal Bank of Canada cut their price objective on shares of Cenovus Energy from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.25.

Cenovus Energy Trading Up 0.5 %

CVE opened at $14.37 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.59. The stock’s 50 day moving average price is $14.32 and its 200-day moving average price is $15.46. Cenovus Energy Inc. has a one year low of $12.08 and a one year high of $21.90. The stock has a market cap of $26.20 billion, a price-to-earnings ratio of 11.88 and a beta of 1.99.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its earnings results on Thursday, February 20th. The oil and gas company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.27). Cenovus Energy had a return on equity of 10.73% and a net margin of 5.82%. The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $11.08 billion. On average, equities analysts forecast that Cenovus Energy Inc. will post 1.49 EPS for the current year.

Cenovus Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.1269 dividend. This represents a $0.51 annualized dividend and a yield of 3.53%. The ex-dividend date is Friday, March 14th. Cenovus Energy’s dividend payout ratio is presently 40.50%.

Cenovus Energy Company 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.