Banco Santander S.A. Has $469,000 Stake in Cenovus Energy Inc. (NYSE:CVE)

Banco Santander S.A. increased its position in shares of Cenovus Energy Inc. (NYSE:CVE) (TSE:CVE) by 5.6% during the fourth quarter, HoldingsChannel reports. The fund owned 30,967 shares of the oil and gas company’s stock after buying an additional 1,641 shares during the quarter. Banco Santander S.A.’s holdings in Cenovus Energy were worth $469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC bought a new stake in shares of Cenovus Energy during the third quarter worth about $25,000. Sierra Ocean LLC bought a new stake in Cenovus Energy during the 4th quarter worth approximately $67,000. Blue Trust Inc. increased its position in Cenovus Energy by 54.7% in the 4th quarter. Blue Trust Inc. now owns 4,742 shares of the oil and gas company’s stock valued at $72,000 after acquiring an additional 1,677 shares during the period. SevenBridge Financial Group LLC bought a new position in shares of Cenovus Energy during the third quarter valued at $162,000. Finally, Empirical Asset Management LLC acquired a new position in shares of Cenovus Energy during the fourth quarter worth $174,000. Institutional investors and hedge funds own 51.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CVE. StockNews.com downgraded Cenovus Energy from a “buy” rating to a “hold” rating in a report on Saturday, December 28th. National Bank Financial cut Cenovus Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada cut their price objective on Cenovus Energy from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Cenovus Energy currently has a consensus rating of “Moderate Buy” and an average target price of $29.25.

Cenovus Energy Stock Performance

Shares of Cenovus Energy stock opened at $12.49 on Tuesday. The business has a 50-day moving average price of $14.67 and a two-hundred day moving average price of $15.82. Cenovus Energy Inc. has a 1-year low of $12.07 and a 1-year high of $21.90. The company has a market cap of $22.77 billion, a P/E ratio of 10.32 and a beta of 1.99. The company has a current ratio of 1.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last posted its quarterly earnings results on Thursday, February 20th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.27). The business had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $11.08 billion. Cenovus Energy had a return on equity of 10.73% and a net margin of 5.82%. As a group, analysts anticipate that Cenovus Energy Inc. will post 1.49 EPS for the current year.

Cenovus Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.1269 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Friday, March 14th. Cenovus Energy’s payout ratio is 40.50%.

Cenovus Energy 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.