(NYSE:CVE) (TSE:CVE) by 0.2% during the third quarter, according to its most recent filing with the SEC.
The company earlier announced the sale of its Pelican Lake heavy oil operations in northern Alberta for $975 million in cash to cross-town rival Canadian Natural Resources. Neuberger Berman Group LLC lifted its holdings in Cenovus Energy by 7.4% during the 1st quarter. (NYSE:CVE) that has shown a discernible change in trend levels over the path of recent market activity. M&T Bank Corp now owns 12,881 shares of the company's stock valued at $168,000 after buying an additional 589 shares during the period. This is an increase from Cenovus Energy's previous quarterly dividend of $0.04. In looking the SMA 50 we see that the stock has seen a 13.41% while it has a distance of -2.07% from the 200 days simple moving average. Legal & General Group Plc boosted its stake in Cenovus Energy by 3.8% in the first quarter. The stock grabbed 33 new institutional investments totaling 14,127,577 shares while 53 institutional investors sold out their entire positions totaling 16,798,849 shares. Barclays PLC boosted its stake in Cenovus Energy by 35.3% in the first quarter. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time. Cenovus Energy's ongoing objective is to advance technologies that reduce the amount of water, steam, natural gas and electricity used in their operations and to decrease surface land disturbance. The stock has a market cap of $15.35 billion and a price-to-earnings ratio of 4.19.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, December 15th will be given a dividend of $0.0376 per share. This represents a $0.16 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Thursday, September 14th. Cenovus Energy's payout ratio is -12.93%. CIBC increased their target price on shares of Cenovus Energy from C$12.50 to C$14.50 in a research report on Monday, October 2nd. Scotiabank reiterated an "outperform" rating and issued a $20.00 price target on shares of Cenovus Energy in a report on Sunday, July 31st. BidaskClub lowered Cenovus Energy from a sell rating to a strong sell rating in a research report on Thursday, June 22nd. The Price to Sales (P/S) of the stock is 1.04, while P/B (Price to Book) stands at 0.71. Four analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock.
Several analysts have released their opinion on Cenovus Energy Inc. Cigna Investments Inc. New acquired a new stake in Cenovus Energy during the 2nd quarter worth approximately $110,000. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. Its segments include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations. Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the USA, as well as Corporate and Eliminations.