Cerebellum GP LLC purchased a new position in shares of Encana Corp (NYSE:ECA) (TSE:ECA) during the fourth quarter, Holdings Channel reports. The firm purchased 44,229 shares of the oil and gas company’s stock, valued at approximately $255,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Riverhead Capital Management LLC grew its position in shares of Encana by 421.1% in the third quarter. Riverhead Capital Management LLC now owns 8,338 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 6,738 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Encana in the third quarter valued at approximately $196,000. Csenge Advisory Group acquired a new position in shares of Encana in the third quarter valued at approximately $124,000. Freestone Capital Holdings LLC acquired a new position in shares of Encana in the third quarter valued at approximately $223,000. Finally, HRT Financial LLC acquired a new position in shares of Encana in the second quarter valued at approximately $228,000. 68.12% of the stock is currently owned by hedge funds and other institutional investors.
In other Encana news, CEO Douglas James Suttles bought 5,000 shares of the business’s stock in a transaction on Thursday, December 20th. The stock was purchased at an average cost of $5.55 per share, for a total transaction of $27,750.00. Following the completion of the purchase, the chief executive officer now directly owns 159,212 shares of the company’s stock, valued at $883,626.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Sherri Anne Brillon purchased 17,250 shares of the company’s stock in a transaction dated Thursday, November 8th. The stock was purchased at an average price of $8.85 per share, with a total value of $152,662.50. Following the completion of the purchase, the chief financial officer now directly owns 114,165 shares in the company, valued at approximately $1,010,360.25. The disclosure for this purchase can be found here. Insiders have acquired 261,155 shares of company stock valued at $2,181,884 over the last 90 days. Corporate insiders own 0.09% of the company’s stock.
NYSE ECA opened at $6.74 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.70 and a quick ratio of 0.70. Encana Corp has a fifty-two week low of $5.00 and a fifty-two week high of $14.28. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 0.26 and a beta of 1.97.
Encana (NYSE:ECA) (TSE:ECA) last released its earnings results on Thursday, November 1st. The oil and gas company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. Encana had a positive return on equity of 9.53% and a negative net margin of 3.98%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. As a group, analysts predict that Encana Corp will post 0.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Friday, December 14th were paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.89%. The ex-dividend date was Thursday, December 13th. Encana’s payout ratio is presently 13.95%.
COPYRIGHT VIOLATION WARNING: This piece was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.chaffeybreeze.com/2019/01/12/cerebellum-gp-llc-purchases-shares-of-44229-encana-corp-eca.html.
Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets, including the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations comprising Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located in offshore Nova Scotia in Canada.
Featured Article: Earnings Per Share
Want to see what other hedge funds are holding ECA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Encana Corp (NYSE:ECA) (TSE:ECA).
Receive News & Ratings for Encana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encana and related companies with MarketBeat.com's FREE daily email newsletter.