Cenovus Energy Inc (NYSE:CVE) Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its stake in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 14.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 228,789 shares of the oil and gas company’s stock after selling 37,838 shares during the period. Fiera Capital Corp’s holdings in Cenovus Energy were worth $457,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CVE. Geode Capital Management LLC boosted its holdings in Cenovus Energy by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 1,473,601 shares of the oil and gas company’s stock worth $14,866,000 after buying an additional 186,325 shares in the last quarter. Janus Henderson Group PLC increased its stake in Cenovus Energy by 109.8% in the 4th quarter. Janus Henderson Group PLC now owns 527,084 shares of the oil and gas company’s stock valued at $5,366,000 after purchasing an additional 275,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Cenovus Energy by 57.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,769,006 shares of the oil and gas company’s stock worth $89,262,000 after purchasing an additional 3,191,471 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Cenovus Energy in the fourth quarter valued at $410,000. Finally, Russell Investments Group Ltd. increased its position in shares of Cenovus Energy by 744.4% in the first quarter. Russell Investments Group Ltd. now owns 5,204,531 shares of the oil and gas company’s stock valued at $10,398,000 after buying an additional 4,588,138 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

CVE opened at $4.25 on Monday. Cenovus Energy Inc has a 1 year low of $1.41 and a 1 year high of $10.82. The firm has a 50 day moving average price of $3.17 and a 200 day moving average price of $6.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.43 and a current ratio of 0.71. The company has a market cap of $5.22 billion, a PE ratio of 23.61 and a beta of 2.61.

A number of brokerages have issued reports on CVE. Zacks Investment Research cut shares of Cenovus Energy from a “hold” rating to a “sell” rating and set a $4.00 target price for the company. in a research report on Monday, May 11th. Stifel Nicolaus cut Cenovus Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 12th. TD Securities dropped their price objective on Cenovus Energy from $16.50 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 13th. ValuEngine raised shares of Cenovus Energy from a “hold” rating to a “buy” rating in a research note on Friday, May 1st. Finally, Tudor Pickering reissued a “hold” rating on shares of Cenovus Energy in a research note on Wednesday, April 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.28.

Cenovus Energy Profile

Cenovus Energy Inc, together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. The company's Oil Sands segment develops and produces bitumen in northeast Alberta. This segment's bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development, such as Telephone Lake.

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