Jones Collombin Investment Counsel Inc buys $16,262,643 stake in Cenovus Energy Inc (USA) (CVE)

Cenovus Energy Inc (USA) (CVE) : Jones Collombin Investment Counsel Inc scooped up 422,340 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 25, 2016. The investment management firm now holds a total of 1,026,682 shares of Cenovus Energy Inc (USA) which is valued at $16,262,643.Cenovus Energy Inc (USA) makes up approximately 4.49% of Jones Collombin Investment Counsel Inc’s portfolio.

Cenovus Energy Inc (USA) closed down -0.45 points or -2.84% at $15.39 with 17,64,797 shares getting traded on Monday. Post opening the session at $15.78, the shares hit an intraday low of $15.23 and an intraday high of $15.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Rdl Financial Inc boosted its stake in CVE in the latest quarter, The investment management firm added 11,421 additional shares and now holds a total of 22,711 shares of Cenovus Energy Inc (USA) which is valued at $359,742. Cenovus Energy Inc (USA) makes up approx 0.27% of Rdl Financial Inc’s portfolio.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. Cornerstone Advisors sold out all of its stake in CVE during the most recent quarter. The investment firm sold 100 shares of CVE which is valued $1,518.Capstone Asset Management Co boosted its stake in CVE in the latest quarter, The investment management firm added 3,430 additional shares and now holds a total of 117,309 shares of Cenovus Energy Inc (USA) which is valued at $1,575,460. Cenovus Energy Inc (USA) makes up approx 0.04% of Capstone Asset Management Co’s portfolio.

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 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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