Blume Capital Management Inc. boosted its holdings in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 21.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,381 shares of the oil and gas company’s stock after acquiring an additional 2,200 shares during the period. Blume Capital Management Inc.’s holdings in Cenovus Energy were worth $87,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Hartree Partners LP acquired a new stake in shares of Cenovus Energy during the fourth quarter worth $528,000. Caption Management LLC acquired a new stake in shares of Cenovus Energy during the fourth quarter worth $1,652,000. D.A. Davidson & CO. raised its holdings in shares of Cenovus Energy by 4.5% during the fourth quarter. D.A. Davidson & CO. now owns 71,778 shares of the oil and gas company’s stock worth $505,000 after purchasing an additional 3,078 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cenovus Energy by 31.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 836,666 shares of the oil and gas company’s stock worth $5,881,000 after purchasing an additional 197,921 shares during the period. Finally, Davis Rea LTD. acquired a new stake in shares of Cenovus Energy during the fourth quarter worth $3,835,000. Institutional investors own 74.94% of the company’s stock.
CVE stock opened at $7.55 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.26. Cenovus Energy Inc has a fifty-two week low of $6.15 and a fifty-two week high of $11.47. The stock has a market capitalization of $8.90 billion, a P/E ratio of -377.50, a PEG ratio of 2.84 and a beta of 0.72.
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Cenovus Energy Company Profile
Cenovus Energy, Inc engages in gas and oil provisions. Its activities include development, production, and marketing of crude oil, natural gas liquids, and natural gas in Canada. It operates through four segments: Oil Sands, Deep Basin, Refining & Marketing, and Corporate & Eliminations. The Oil sands segment includes the development and production of bitumen and natural gas in northeast Alberta including Foster Creek, Christina Lake and Narrows Lake as well as projects in the early stages of development, such as Grand Rapids and Telephone Lake.
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