Currently, there are 1.91B common shares owned by the public and among those 1.34B shares have been available to trade.
The top 3 mutual fund holders in Cenovus Energy Inc are American Funds EuroPacific Growth, American Funds Growth Fund of Ame, and American Funds New Perspective Fu. American Funds EuroPacific Growth owns 85.5 million shares of the company’s stock, all valued at over $1.42 billion. The company bought an additional 4.55 million shares recently to bring their total holdings to about 4.51% of the shares outstanding. American Funds Growth Fund of Ame sold -40.5 million shares to see its total holdings shrink to 58.49 million shares valued at over $973.89 million and representing 3.08% of the shares outstanding. American Funds New Perspective Fu now owns shares totaling to 2.24% of the shares outstanding.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
However, the script later moved the day high at 15.17, up 0.60%. The company’s stock has a 5-day price change of -3.84% and -29.13% over the past three months. CVE shares are trading -9.85% year to date (YTD), with the 12-month market performance down to -20.37% lower. It has a 12-month low price of $14.69 and touched a high of $21.37 over the same period. CVE has an average intraday trading volume of 10.08 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.33%, -10.77%, and -16.35% respectively.
Institutional ownership of Cenovus Energy Inc (NYSE: CVE) shares accounts for 56.63% of the company’s 1.91B shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $28.47B and a beta (3y monthly) value of 2.17. The stock’s trailing 12-month PE ratio is 9.51, while the earnings-per-share (ttm) stands at $1.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.26% over the week and 2.31% over the month.
Analysts forecast that Cenovus Energy Inc (CVE) will achieve an EPS of $0.37 for the current quarter, $0.47 for the next quarter and $2.22 for 2024. The lowest estimate earnings-per-share for the quarter is $0.22 while analysts give the company a high EPS estimate of $0.57. Comparatively, EPS for the current quarter was $0.29 a year ago. Earnings per share for the fiscal year are expected to decrease by -30.78%, and 25.35% over the next financial year. EPS should shrink at an annualized rate of -8.41% over the next five years, compared to 8.28% over the past 5-year period.
