The Caymus Capital Partners L.P. Acquires 65,900 Shares of Cenovus Energy Inc (CVE), Report finds

The Caymus Capital Partners L.P. Acquires 65,900 Shares of Cenovus Energy Inc (CVE), Report finds

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Comerica Bank increased its position in Cenovus Energy by 7.4% in the fourth quarter. Comerica Bank now owns 98,824 shares of the company’s stock worth $1,458,000 after buying an additional 6,807 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of Cenovus Energy by 45.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 42,369 shares of the company’s stock valued at $641,000 after buying an additional 13,319 shares during the period. Radnor Capital Management LLC purchased a new position in shares of Cenovus Energy during the fourth quarter valued at approximately $219,000. Harbor Advisors LLC purchased a new position in shares of Cenovus Energy during the fourth quarter valued at approximately $200,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Cenovus Energy during the fourth quarter valued at approximately $76,311,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Caymus Capital Partners L.P. raised its position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,033,200 shares of the company’s stock after buying an additional 65,900 shares during the period. Cenovus Energy accounts for approximately 3.4% of Caymus Capital Partners L.P.’s portfolio, making the stock its 15th largest position. Caymus Capital Partners L.P. owned 0.24% of Cenovus Energy worth $30,762,000 as of its most recent SEC filing.

Cenovus Energy Inc (NYSE:CVE) traded up 0.15% during trading on Thursday, reaching $13.38. 1,302,096 shares of the company’s stock were exchanged. The firm’s market cap is $11.15 billion. The stock’s 50 day moving average price is $14.52 and its 200 day moving average price is $14.67. Cenovus Energy Inc has a 52-week low of $9.10 and a 52-week high of $16.82.

Several research analysts recently commented on the stock. Edward Jones downgraded shares of Cenovus Energy from a “buy” rating to a “hold” rating in a report on Tuesday, December 13th. TD Securities reiterated a “hold” rating and issued a $21.00 target price on shares of Cenovus Energy in a report on Saturday, December 10th. Scotiabank reiterated an “outperform” rating and issued a $21.00 target price on shares of Cenovus Energy in a report on Saturday, December 10th. RBC Capital Markets reiterated an “outperform” rating and issued a $25.00 target price (up previously from $24.00) on shares of Cenovus Energy in a report on Saturday, December 10th. Finally, Zacks Investment Research upgraded shares of Cenovus Energy from a “sell” rating to a “hold” rating in a report on Friday, December 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Cenovus Energy has a consensus rating of “Hold” and a consensus price target of $20.08.

Cenovus Energy Company Profile

Cenovus Energy Inc is a Canada-based integrated oil company. It is engaged in the business of developing, producing and marketing crude oil, natural gas liquids (NGLs) and natural gas. Its segments include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations. The Oil Sands segment includes the development and production of bitumen and natural gas in northeast Alberta.

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