K.j. Harrison Partners Inc buys $1,669,235 stake in Cenovus Energy Inc (USA) (CVE)

Cenovus Energy Inc (USA) (CVE) : K.j. Harrison Partners Inc scooped up 74,950 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 Jul 26, 2016. The investment management firm now holds a total of 125,980 shares of Cenovus Energy Inc (USA) which is valued at $1,669,235.Cenovus Energy Inc (USA) makes up approximately 0.87% of K.j. Harrison Partners Inc’s portfolio.

Other Hedge Funds, Including , Rs Investment Management Co sold out all of its stake in CVE during the most recent quarter. The investment firm sold 1,110 shares of CVE which is valued $14,708.Jones Collombin Investment Counsel Inc reduced its stake in CVE by selling 28,798 shares or 2.8% in the most recent quarter. The Hedge Fund company now holds 997,884 shares of CVE which is valued at $14,130,037. Cenovus Energy Inc (USA) makes up approx 4.08% of Jones Collombin Investment Counsel Inc’s portfolio.

Cenovus Energy Inc (USA) opened for trading at $14.15 and hit $14.35 on the upside on Friday, eventually ending the session at $14.3, with a gain of 1.13% or 0.16 points. The heightened volatility saw the trading volume jump to 31,20,395 shares. Company has a market cap of $11,916 M.

On the company’s financial health, Cenovus Energy Inc (USA) reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.14.Analysts expectations of $ 2617.51.During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on Cenovus Energy Inc (USA). Cenovus Energy Inc (USA) was Upgraded by Morgan Stanley to ” Overweight” on Jun 13, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 23 from a previous price target of $22 .

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 Cenovus’s 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.

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