Cenovus Energy Inc (USA) (CVE) : Lincluden Management Ltd scooped up 347,340 additional shares in Cenovus Energy Inc (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 1,581,041 shares of Cenovus Energy Inc (USA) which is valued at $24,000,202.Cenovus Energy Inc (USA) makes up approximately 3.82% of Lincluden Management Ltd’s portfolio.
Cenovus Energy Inc (USA) opened for trading at $15.12 and hit $15.57 on the upside on Wednesday, eventually ending the session at $15.18, with a gain of 1.47% or 0.22 points. The heightened volatility saw the trading volume jump to 30,29,673 shares. Company has a market cap of $12,649 M.
Other Hedge Funds, Including , Seaward Management Limited Partnership reduced its stake in CVE by selling 6,498 shares or 7.17% in the most recent quarter. The Hedge Fund company now holds 84,098 shares of CVE which is valued at $1,276,608. Cenovus Energy Inc (USA) makes up approx 0.07% of Seaward Management Limited Partnership’s portfolio.Beutel Goodman Co Ltd. reduced its stake in CVE by selling 1,506,180 shares or 3.8% in the most recent quarter. The Hedge Fund company now holds 38,113,452 shares of CVE which is valued at $578,562,201. Cenovus Energy Inc (USA) makes up approx 6.22% of Beutel Goodman Co Ltd.’s portfolio. Benjamin F. Edwards Company sold out all of its stake in CVE during the most recent quarter. The investment firm sold 250 shares of CVE which is valued $3,358.
On the company’s financial health, Cenovus Energy Inc (USA) reported $-0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.32.Analysts expectations of $ 2691.47.During the same quarter in the previous year, the company posted $-0.11 EPS.
Many Wall Street Analysts have commented on Cenovus Energy Inc (USA). Cenovus Energy Inc (USA) was Upgraded by Goldman to ” Buy” on Jan 26, 2016.
Cenovus Energy Inc. is a Canada-based integrated oil company. The Company is engaged in the development production and marketing of crude oil natural gas liquids (NGLs) and natural gas in Canada with refining operations in the United States. The Company operates in four segments: Oil Sands segment engaged in the development and production of Cenovuss bitumen assets at Foster Creek Christina Lake and Narrows Lake as well as projects in the early-stages of development such as Grand Rapids and Telephone Lake and Athabasca natural gas assets; Conventional segment engaged in the development and production of conventional crude oil natural gas liquids (NGLs) and natural gas in Alberta and Saskatchewan including the heavy oil assets at Pelican Lake; Refining and Marketing segment engaged in the transporting selling and refining crude oil into petroleum and chemical products.