Cenovus Energy Inc. (NYSE:CVE) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC reduced its stake in shares of Cenovus Energy Inc. (NYSE:CVE) (TSE:CVE) by 31.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,775 shares of the oil and gas company’s stock after selling 9,838 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Cenovus Energy were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of CVE. Smead Capital Management Inc. increased its stake in Cenovus Energy by 39.3% in the 3rd quarter. Smead Capital Management Inc. now owns 15,416,146 shares of the oil and gas company’s stock valued at $257,831,000 after purchasing an additional 4,351,960 shares in the last quarter. Geode Capital Management LLC grew its stake in Cenovus Energy by 9.7% in the 3rd quarter. Geode Capital Management LLC now owns 6,413,919 shares of the oil and gas company’s stock valued at $109,232,000 after acquiring an additional 568,732 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Cenovus Energy by 23.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,980,853 shares of the oil and gas company’s stock valued at $83,330,000 after acquiring an additional 952,477 shares in the last quarter. Swiss National Bank raised its position in Cenovus Energy by 0.4% during the third quarter. Swiss National Bank now owns 4,211,235 shares of the oil and gas company’s stock worth $70,546,000 after acquiring an additional 17,900 shares during the last quarter. Finally, Recurrent Investment Advisors LLC grew its position in shares of Cenovus Energy by 11.6% in the third quarter. Recurrent Investment Advisors LLC now owns 4,100,212 shares of the oil and gas company’s stock valued at $69,764,000 after purchasing an additional 426,002 shares during the last quarter. 51.19% of the stock is currently owned by institutional investors and hedge funds.

Cenovus Energy Price Performance

Shares of NYSE:CVE opened at $14.97 on Thursday. The company has a market cap of $27.31 billion, a P/E ratio of 10.32 and a beta of 2.01. The business has a fifty day simple moving average of $15.16 and a 200-day simple moving average of $16.82. Cenovus Energy Inc. has a 52 week low of $14.20 and a 52 week high of $21.90. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.24.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. Cenovus Energy had a net margin of 6.72% and a return on equity of 12.88%. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The company’s quarterly revenue was down 17.9% compared to the same quarter last year. Equities research analysts forecast that Cenovus Energy Inc. will post 1.4 EPS for the current year.

Analyst Ratings Changes

CVE has been the subject of several research reports. StockNews.com downgraded Cenovus Energy from a “buy” rating to a “hold” rating in a research report on Saturday, December 28th. BMO Capital Markets reduced their price objective on Cenovus Energy from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $28.00 price objective on shares of Cenovus Energy in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.00.

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.