Dorchester Wealth Management Co buys $2,830,719 stake in Cenovus Energy Inc (USA) (CVE)

Cenovus Energy Inc (USA) (CVE) : Dorchester Wealth Management Co scooped up 4,310 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 Oct 17, 2016. The investment management firm now holds a total of 181,224 shares of Cenovus Energy Inc (USA) which is valued at $2,830,719.Cenovus Energy Inc (USA) makes up approximately 1.07% of Dorchester Wealth Management Co’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in CVE in the latest quarter, The investment management firm added 1,290 additional shares and now holds a total of 81,359 shares of Cenovus Energy Inc (USA) which is valued at $1,253,742. Cenovus Energy Inc (USA) makes up approx 0.04% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in CVE in the latest quarter, The investment management firm added 35,560 additional shares and now holds a total of 83,174 shares of Cenovus Energy Inc (USA) which is valued at $1,281,711. Cenovus Energy Inc (USA) makes up approx 0.01% of Creative Planning’s portfolio. Simplex Trading added CVE to its portfolio by purchasing 9,295 company shares during the most recent quarter which is valued at $138,496. Cenovus Energy Inc (USA) makes up approx 0.02% of Simplex Trading’s portfolio.

Cenovus Energy Inc (USA) opened for trading at $15.67 and hit $15.88 on the upside on Friday, eventually ending the session at $15.62, with a gain of 0.71% or 0.11 points. The heightened volatility saw the trading volume jump to 17,02,755 shares. Company has a market cap of $13,016 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 Initiated by BofA/Merrill to “Neutral” on Aug 19, 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 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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