Mraz Amerine & Associates Inc. Has $2.81 Million Stake in Cenovus Energy Inc. (NYSE:CVE)

Mraz Amerine & Associates Inc. raised its position in Cenovus Energy Inc. (NYSE:CVE) (TSE:CVE) by 37.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 185,308 shares of the oil and gas company’s stock after acquiring an additional 50,190 shares during the quarter. Cenovus Energy makes up about 0.5% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 29th largest holding. Mraz Amerine & Associates Inc.’s holdings in Cenovus Energy were worth $2,807,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wahed Invest LLC lifted its stake in Cenovus Energy by 5.6% in the 3rd quarter. Wahed Invest LLC now owns 16,489 shares of the oil and gas company’s stock valued at $276,000 after purchasing an additional 875 shares during the last quarter. Montgomery Investment Management Inc. lifted its position in shares of Cenovus Energy by 1.6% in the fourth quarter. Montgomery Investment Management Inc. now owns 56,535 shares of the oil and gas company’s stock valued at $857,000 after buying an additional 894 shares during the last quarter. Harmony Asset Management LLC boosted its stake in shares of Cenovus Energy by 8.1% during the 3rd quarter. Harmony Asset Management LLC now owns 13,400 shares of the oil and gas company’s stock worth $224,000 after acquiring an additional 1,000 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Cenovus Energy by 1.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 76,940 shares of the oil and gas company’s stock worth $1,287,000 after acquiring an additional 1,209 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Cenovus Energy by 3.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 40,194 shares of the oil and gas company’s stock valued at $672,000 after acquiring an additional 1,236 shares during the period. Institutional investors own 51.19% of the company’s stock.

Cenovus Energy Trading Down 0.4 %

Shares of Cenovus Energy stock opened at $15.31 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.59. The firm has a 50-day moving average of $14.99 and a 200-day moving average of $16.35. Cenovus Energy Inc. has a 52-week low of $13.76 and a 52-week high of $21.90. The stock has a market cap of $27.93 billion, a PE ratio of 10.56 and a beta of 1.99.

Analyst Ratings Changes

A number of research firms have commented on CVE. Royal Bank of Canada reaffirmed an “outperform” rating and set a $28.00 price objective on shares of Cenovus Energy in a research report on Monday, January 6th. StockNews.com lowered shares of Cenovus Energy from a “buy” rating to a “hold” rating in a research note on Saturday, December 28th. Finally, BMO Capital Markets lowered their price target on shares of Cenovus Energy from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

About Cenovus Energy

Cenovus Energy Inc, together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.