Cenovus Energy Inc. (NYSE:CVE) is on recovery track with 49.7% gain from a 1-year low price of $6.76. The company added 6.41% to attain the price of $10.12 on 12/01/2017. Throughout the recent session, the prices were hovering between $9.71 and $10.155. These shares are 9.49% off its target price of $11.08 and the current market capitalization stands at $12.01B. The recent change has given its price a 1.12% lead over SMA 50 and -39.83% deficit over its 52-week high. The stock witnessed 0.3% gains, 26.18% gains and 19.34% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CVE’s volatility during a week at 4.09% and during a month it has been found around 3.37%.Cenovus Energy Inc. (CVE) Top Holders
Institutional investors currently hold around $7.15 billion or 73.1% in CVE stock. Look at its top three institutional owners. Fmr Llc owns $714.52 million in Cenovus Energy Inc., which represents roughly 5.95% of the company’s market cap and approximately 10% of the institutional ownership. Similar statistics are true for the second largest owner, Royal Bank Of Canada, which owns 50,057,265 shares of the stock are valued at $506.58 million. The third largest holder is Td Asset Management Inc, which currently holds $443.58 million worth of this stock and that ownership represents nearly 3.69% of its market capitalization.
At the end of 9/30/2017 reporting period, 123 institutional holders increased their position in Cenovus Energy Inc. (NYSE:CVE) by some 92,482,702 shares, 118 decreased positions by 83,706,073 and 61 held positions by 530,184,696. That puts total institutional holdings at 706,373,471 shares, according to SEC filings. The stock grabbed 43 new institutional investments totaling 35,644,659 shares while 33 institutional investors sold out their entire positions totaling 9,001,678 shares.Cenovus Energy Inc. (CVE) Analyst Guide
Several analysts have released their opinion on Cenovus Energy Inc. (NYSE:CVE), with 1 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 2 strong sell ratings, collectively assigning a 2.92 average brokerage recommendation.