In today’s recent session, 2.57 million shares of the Cenovus Energy Inc (NYSE:CVE) have been traded, and its beta is 0.97. Most recently the company’s share price was $14.28, and it changed around $0.24 or 1.75% from the last close, which brings the market valuation of the company to $25.91B. CVE at last check was trading at a discount to its 52-week high of $20.76, offering almost -45.38% off that amount. The share price’s 52-week low was $10.23, which indicates that the recent value has risen by an impressive 28.36% since then. We note from Cenovus Energy Inc’s average daily trading volume that its 10-day average is 12.12 million shares, with the 3-month average coming to 12.65 million.
Cenovus Energy Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.35. If we narrow it down even further, the data shows that 0 out of 19 analysts rate the stock as a Sell; another 9 rate it as Overweight. Among the rest, 1 recommended CVE as a Hold, whereas 8 deemed it a Buy, and 1 rated it as Underweight.
Cenovus Energy Inc (NYSE:CVE) trade information
Instantly CVE has been showing a green trend so far today with a performance of 1.75% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -29.00% year-to-date, but still up 5.04% over the last five days. On the other hand, Cenovus Energy Inc (NYSE:CVE) is 8.14% up in the 30-day period. We can see from the shorts that 50.28 million shares have been sold at a short interest cover period of 1.38 day(s).
The consensus price target as assigned by Wall Street analysts is $31, which translates to bulls needing to increase their stock price by 53.94% from its current value. Analyst projections state that CVE is forecast to be at a low of $31 and a high of $31.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -1.85%. Cenovus Energy Inc earnings are expected to increase by -17.51% in 2025, but the outlook is positive 18.80% per year for the next five years.
CVE Dividends
Cenovus Energy Inc’s next quarterly earnings report is expected to be released on 2025-May-08. The annual dividend yield of the stock is 3.72 percent and its annual dividend per share was 0.53. It is important to note, however, that the 3.72% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.89 per year.
Cenovus Energy Inc (NYSE:CVE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 30.67% of Cenovus Energy Inc shares, and 52.40% of them are in the hands of institutional investors. The stock currently has a share float of 75.57%. Cenovus Energy Inc stock is held by 593.0 institutions, with CAPITAL WORLD INVESTORS being the largest institutional investor. By 2024-06-30, it held 6.7454% of the shares, which is about 125.42 million shares worth $2.47 billion.
CAPITAL RESEARCH GLOBAL INVESTORS, with 4.7569% or 88.45 million shares worth $1.74 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
EUROPACIFIC GROWTH FUND and AMERICAN BALANCED FUND were the top two Mutual Funds as of Mar 31, 2025 . The former held 49.92 shares worth $718.07 million, making up 2.76% of all outstanding shares. On the other hand, AMERICAN BALANCED FUND held roughly 40.76 shares worth around $586.33 million, which represents about 2.25% of the total shares outstanding.
