In yesterday’s Wall Street session, Cenovus Energy Inc. (NYSE:CVE) shares traded at $19.13, down -0.26% from the previous session.
CVE stock price is now 7.31% away from the 50-day moving average and 5.48% away from the 200-day moving average. The market capitalization of the company currently stands at $36.34B.
A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CVE stock. A new stake in Cenovus Energy Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $98,871,000. AVENTAIL CAPITAL GROUP, LP invested $32,605,000 in shares of CVE during the first quarter. In the first quarter, WARATAH CAPITAL ADVISORS LTD. acquired a new stake in Cenovus Energy Inc. valued at approximately $32,521,000. WALLEYE CAPITAL LLC acquired a new stake in CVE for approximately $25,874,000. POINT72 EUROPE (LONDON) LLP purchased a new stake in CVE valued at around $24,043,000 in the second quarter. In total, there are 600 active investors with 73.10% ownership of the company’s stock.
Tuesday morning saw Cenovus Energy Inc. (NYSE: CVE) opened at $19.15. During the past 12 months, Cenovus Energy Inc. has had a low of $14.38 and a high of $22.09. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 1.50, and a quick ratio of 0.90. The fifty day moving average price for CVE is $17.86 and a two-hundred day moving average price translates $18.14 for the stock.
The latest earnings results from Cenovus Energy Inc. (NYSE: CVE) was released for Jun, 2023. The net profit margin was 6.90% and return on equity was 14.20% for CVE. The company reported revenue of $9.1 billion for the quarter, compared to $15.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -39.38 percent.
Moreover, the firm recently paid out its quarterly dividend on 12/31/2009. Investors who held shares on 12/21/2009 were paid a $0.20 dividend. On an annualized basis, this represents a $0.42 dividend and a 2.21% percent yield. There was an ex-dividend date of 12/17/2009 for this dividend. In terms of dividend payout ratio, CVE is presently at 21.80%.
Cenovus Energy Inc.(CVE) Company Profile
Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil and natural gas in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Manufacturing, and U.S. Manufacturing segments. The Oil Sands segment develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. This segment assets include Foster Creek, Christina Lake, and Sunrise projects, as well as Lloydminster thermal and conventional heavy oil assets. The Conventional segment holds natural gas liquids and natural gas assets primarily located in Elmworth-Wapiti, Kaybob-Edson, Clearwater, and Rainbow Lake operating in Alberta and British Columbia, as well as interests in various natural gas processing facilities. The offshore segment engages in offshore operation, exploration, and development activities in China and the East Coast of Canada. The Canadian Manufacturing segment comprises the owned and operated Lloydminster upgrading and asphalt refining complex, which converts heavy oil and bitumen into synthetic crude oil, diesel, asphalt, and other ancillary products, as well as owns and operates the Bruderheim crude-by-rail terminal and ethanol plants; and markets its production of its own and third-party products. The U.S. Manufacturing segment includes the refining of crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
