Beutel Goodman & Co LTD Has Boosted Stake in Cenovus Energy (CVE)

Cenovus Energy Inc now has a P/E ratio of 3.36 and market capitalization is 9.81B. Acadian Asset Management LLC increased its position in shares of Cenovus Energy by 51.6% in the first quarter.

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A number of equities research analysts recently commented on the company. BidaskClub cut shares of Cenovus Energy from a "sell" rating to a "strong sell" rating in a report on Thursday, June 22nd. First Eagle Investment Management LLC now owns 32,113,640 shares of the oil and gas company's stock valued at $236,678,000 after buying an additional 437,897 shares during the last quarter. Four research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have assigned a buy recommendation to the company. TD Securities cut their price objective on Cenovus Energy from C$21.00 to C$20.00 and set a buy rating on the stock in a research note on Friday, April 7th. 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 last quarter. The value of the investment in Cenovus Energy Inc decreased from $78,586,000 to $41,628,000 a change of 47.0% for the reporting period. For the past 5 years, the company's revenue has grown -5%, while the company's earnings per share has grown -18.5%. FMR LLC now owns 43,684,595 shares of the oil and gas company's stock valued at $494,381,000 after buying an additional 10,833,896 shares during the last quarter. First Eagle Investment Management LLC now owns 31,675,743 shares of the oil and gas company's stock valued at $357,936,000 after buying an additional 6,448,369 shares during the last quarter.

Other hedge funds also recently added to or reduced their stakes in the company.

Institutional investors now hold around $5.75 billion or 73.1% in CVE stock. Finally, Highstreet Asset Management Inc. boosted its stake in shares of Cenovus Energy by 2.3% in the first quarter. Shares Down 8%: What Should You Do?" on June 21, 2017, also Fool.ca with their article: "Better Buy: Cenovus Energy Inc. vs. The firm has a market capitalization of $12.82 billion and a price-to-earnings ratio of 3.50. The stock price also has got the drift of -30.33% from the 200-day moving average.

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Caymus Capital Partners Lp increased Cenovus Energy Inc (CVE) stake by 3.35% reported in 2016Q4 SEC filing. In the last earnings report the EPS was $2.37 and is estimated to be $0.37 for the current year with 1,228,790,000 shares outstanding. The return on equity ratio or ROE stands at -3.9 percent while most common profitability ratio return on investment (ROI) was -2.6 percent. This is a positive change from Cenovus Energy's previous quarterly dividend of $0.04. During the same period previous year, the company earned ($0.05) EPS.

Cenovus Energy Inc. develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada. The legal version of this piece of content can be read at https://transcriptdaily.com/2017/08/09/cenovus-energy-inc-nysecve-stake-increased-by-parametric-portfolio-associates-llc-updated-updated-updated.html.

Here are a few additional firms who have increased or decreased their stake in (CVE). The dividend payment was $0.038 per share for the quarter or $0.15 on an annualized basis. UBS AG lowered Cenovus Energy from a "market perform" rating to an "underperform" rating in a research note on Wednesday, July 5th.

Etsy, Inc. (NASDAQ:ETSY) tinted gains of +1.03% (+0.16 points) to US$15.62. The ex-dividend date was set for Tuesday the 13th of June 2017.

Cenovus Energy Inc (TSE:CVE) (NYSE:CVE) had its price objective lifted by investment analysts at National Bank Financial to C$11.50 in a research report issued on Friday, July 28th.

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