Cenovus Energy Inc (USA) (CVE) : Burgundy Asset Management Ltd. scooped up 3,168,523 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 May 11, 2016. The investment management firm now holds a total of 23,733,570 shares of Cenovus Energy Inc (USA) which is valued at $349.6 Million.Cenovus Energy Inc (USA) makes up approximately 3.65% of Burgundy Asset Management Ltd.’s portfolio.
Other Hedge Funds, Including , Comerica Bank boosted its stake in CVE in the latest quarter, The investment management firm added 6,451 additional shares and now holds a total of 99,077 shares of Cenovus Energy Inc (USA) which is valued at $1.5 Million. Cenovus Energy Inc (USA) makes up approx 0.01% of Comerica Bank’s portfolio.Blackrock Fund Advisors reduced its stake in CVE by selling 109,145 shares or 14.82% in the most recent quarter. The Hedge Fund company now holds 627,284 shares of CVE which is valued at $9.2 Million. Winfield Associates added CVE to its portfolio by purchasing 220 company shares during the most recent quarter which is valued at $3,485.
Cenovus Energy Inc (USA) opened for trading at $15 and hit $15.41 on the upside on Monday, eventually ending the session at $15.38, with a gain of 4.41% or 0.65 points. The heightened volatility saw the trading volume jump to 22,72,068 shares. Company has a market cap of $12,816 M.
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). 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 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.