Cenovus Energy Inc. (NYSE:CVE) Stock Holdings Decreased by Cambiar Investors LLC

Cambiar Investors LLC lowered its stake in Cenovus Energy Inc. (NYSE:CVE) (TSE:CVE) by 20.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,453,792 shares of the oil and gas company’s stock after selling 615,363 shares during the period. Cambiar Investors LLC owned 0.13% of Cenovus Energy worth $37,175,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Truvestments Capital LLC bought a new stake in shares of Cenovus Energy during the 3rd quarter valued at about $25,000. Blue Trust Inc. grew its position in shares of Cenovus Energy by 640.3% during the 3rd quarter. Blue Trust Inc. now owns 3,065 shares of the oil and gas company’s stock valued at $51,000 after buying an additional 2,651 shares during the last quarter. SevenBridge Financial Group LLC bought a new stake in shares of Cenovus Energy during the 3rd quarter valued at about $162,000. Empirical Asset Management LLC bought a new stake in shares of Cenovus Energy during the 4th quarter valued at about $174,000. Finally, FCG Investment Co bought a new stake in shares of Cenovus Energy during the 3rd quarter valued at about $211,000. Institutional investors own 51.19% of the company’s stock.

Cenovus Energy Trading Up 2.6 %

Shares of NYSE:CVE opened at $15.19 on Tuesday. The company has a 50 day moving average of $15.00 and a 200-day moving average of $16.50. The firm has a market cap of $27.71 billion, a P/E ratio of 10.47 and a beta of 1.99. Cenovus Energy Inc. has a twelve month low of $13.76 and a twelve month high of $21.90. The company has a current ratio of 1.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CVE shares. BMO Capital Markets lowered their price objective on shares of Cenovus Energy from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. StockNews.com lowered shares of Cenovus Energy from a “buy” rating to a “hold” rating in a research note on Saturday, December 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $28.00 target price on shares of Cenovus Energy in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cenovus Energy presently has a consensus rating of “Moderate Buy” and a consensus target price 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.