Cenovus Energy Inc (NYSE:CVE) Position Maintained by Neville Rodie & Shaw Inc

Cornelia Mascio
Luglio 30, 2017

Neville Rodie & Shaw Inc. maintained its position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The company's stock had a trading volume of 10,483,687 shares.

A number of large investors have recently modified their holdings of CVE. DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of Cenovus Energy by 112.0% in the first quarter. FMR LLC boosted its position in Cenovus Energy by 33.0% in the first quarter. Korea Investment CORP now owns 890,170 shares of the oil and gas company's stock worth $10,045,000 after buying an additional 642,170 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Cenovus Energy by 51.6% in the first quarter. TD Asset Management Inc. now owns 40,979,115 shares of the oil and gas company's stock worth $462,442,000 after buying an additional 13,092,198 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Cenovus Energy by 15.0% in the first quarter.

Cenovus Energy (CVE) traded down 2.94% during mid-day trading on Friday, reaching $10.57. The company has a 50 day moving average price of $7.53 and a 200 day moving average price of $10.73. Cenovus Energy has a 52 week low of $6.76 and a 52 week high of $16.82. The stock has a market capitalization of $9.48 billion, a P/E ratio of 3.60 and a beta of 0.54.

Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its price objective boosted by Raymond James Financial, Inc.to C$9.00 in a report issued on Friday. The oil and gas company reported $0.27 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.03 by $0.24. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.40 billion. Cenovus Energy had a return on equity of 3.74% and a net margin of 17.89%. During the same quarter a year ago, the firm posted ($0.05) earnings per share. On average, equities analysts predict that Cenovus Energy Inc will post $0.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.039 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, September 14th. CIBC reduced their target price on Cenovus Energy from C$18.00 to C$13.00 in a report on Wednesday, June 21st. Cenovus Energy has a dividend payout ratio of 65.2% indicating that its dividend is sufficiently covered by earnings. If you are viewing this piece on another publication, it was stolen and republished in violation of U.S. and worldwide copyright law. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2017/07/29/cenovus-energy-inc-nysecve-position-held-by-neville-rodie-shaw-inc-updated-updated.html. Zacks Investment Research downgraded Cenovus Energy from a "buy" rating to a "hold" rating in a report on Wednesday. They issued a "sector perform" rating for the company. Finally, ValuEngine upgraded shares of Cenovus Energy from a "sell" rating to a "hold" rating in a research report on Friday. UBS AG lowered Cenovus Energy from a "market perform" rating to an "underperform" rating in a research note on Wednesday, July 5th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company's stock.

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