Korea Investment CORP boosted its stake in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 45.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,197,753 shares of the oil and gas company’s stock after purchasing an additional 372,376 shares during the period. Korea Investment CORP owned 0.10% of Cenovus Energy worth $11,981,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Aperio Group LLC boosted its position in Cenovus Energy by 96.8% during the third quarter. Aperio Group LLC now owns 141,435 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 69,551 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its position in Cenovus Energy by 4.0% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 491,081 shares of the oil and gas company’s stock valued at $4,923,000 after purchasing an additional 18,732 shares during the last quarter. Shell Asset Management Co. boosted its position in Cenovus Energy by 145.9% during the third quarter. Shell Asset Management Co. now owns 203,582 shares of the oil and gas company’s stock valued at $6,134,000 after purchasing an additional 120,792 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in Cenovus Energy by 49.0% during the second quarter. Burgundy Asset Management Ltd. now owns 25,289,102 shares of the oil and gas company’s stock valued at $186,301,000 after purchasing an additional 8,322,165 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its position in Cenovus Energy by 12.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 28,063 shares of the oil and gas company’s stock valued at $207,000 after purchasing an additional 3,021 shares during the last quarter. 54.82% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on CVE shares. Canaccord Genuity reissued a “buy” rating and set a $14.00 price target on shares of Cenovus Energy in a research report on Tuesday, September 5th. UBS AG cut Cenovus Energy from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 5th. Raymond James Financial, Inc. cut Cenovus Energy from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 5th. ValuEngine raised Cenovus Energy from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Finally, BidaskClub lowered Cenovus Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $16.06.

Shares of Cenovus Energy Inc (NYSE:CVE) opened at 9.72 on Wednesday. The firm has a 50-day moving average price of $9.70 and a 200 day moving average price of $8.73. Cenovus Energy Inc has a 1-year low of $6.76 and a 1-year high of $16.82. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 4.20 and a beta of 0.60.

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Cenovus Energy Company Profile

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Institutional Ownership by Quarter for Cenovus Energy (NYSE:CVE)

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