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Nexus Investment Management INC Increased Its Cenovus Energy INC (CVE) Stake

16 April 2018

The institutional investor held 53,959 shares of the prepackaged software company at the end of 2017Q4, valued at $4.62M, up from 47,289 at the end of the previous reported quarter. The company has market cap of $12.11 billion. The stock decreased 1.34% or $0.91 during the last trading session, reaching $66.81. About 4.68 million shares traded. It has outperformed by 25.88% the S&P500.

Nexus Investment Management Inc's holdings in Cenovus Energy Inc (CVE) is rose by 131.72% based on its latest 2017Q4 regulatory filing with the SEC. 687,840 shares were bought by Nexus Investment Management Inc as the company's stock declined 6.72% with the market. The company reported C ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.12 by C ($0.55). It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The stock increased 2.12% or $0.21 during the last trading session, reaching $10.1. About 5.21 million shares traded or 12.81% up from the average. CVE is downtrending and has moved 35.61% since April 16, 2017. CVE underperformed the S&P500 by 47.16%. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.20%. Kanawha Mgmt Ltd Company has 142,979 shares for 2.92% of their portfolio. Prescott Grp Inc Capital Management Lc owns 6,000 shares. (NYSE:W). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% in Wayfair Inc. (NYSE:W) for 107,095 shares. 73,090 were accumulated by Verity & Verity Limited Liability Corporation. 471,354 are held by Amer Century Cos Incorporated. The firm has a market capitalization of $12,410.78, a P/E ratio of 168.33, a PEG ratio of 12.95 and a beta of 0.71.

Allen Investment Management Llc, which manages about $2.32B and $2.24B US Long portfolio, decreased its stake in Vanguard Bd Index Fd Inc (BIV) by 24,513 shares to 288,742 shares, valued at $24.21M in 2017Q4, according to the filing.

EPS for CVS Health Corporation (CVS) Expected At $1.40 on May, 1
Total analysts of 14 have positions in CVS Health (NYSE:CVS) as follows: 10 rated it a "Buy", 0 with "Sell" and 4 with "Hold". Curbstone Financial Management Corp sold 7,432 shares as the company's stock rose 0.28% while stock markets declined.

Since February 16, 2018, it had 0 insider buys, and 3 sales for $930,912 activity. "Buy" rating has 0, "Sell" are 0, while 2 are "Hold". Therefore 27% are positive. Tudor Pickering raised shares of Cenovus Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, March 28th. The company was maintained on Friday, December 8 by Evercore. Gordon Haskett initiated the shares of W in report on Tuesday, May 9 with "Buy" rating. (NYSE:W) rating on Wednesday, August 19. The company now has a consensus rating of Hold and a consensus price target of C$15.07. The stock of Wayfair Inc. They issued a "neutral" rating for the company. Citigroup maintained Bed Bath & Beyond Inc.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last issued its quarterly earnings data on Thursday, February 15th. Therefore 44% are positive. Cenovus Energy had 3 analyst reports since October 20, 2017 according to SRatingsIntel. Cenovus Energy earned a news sentiment score of 0.18 on Accern's scale. The firm has "Neutral" rating given on Thursday, June 23 by JP Morgan. Bank of America began coverage on Cenovus Energy in a research report on Thursday, April 5th. (NYSE:CVE) rating. Bank of America has "Neutral" rating and $9 target. The rating was maintained by Jefferies on Friday, March 23 with "Buy". The rating was maintained by Barclays Capital on Thursday, September 1 with "Equal-Weight". The rating was maintained by RBC Capital Markets with "Hold" on Friday, November 3. (TSE:CVE) has " rating given on Tuesday, June 28 by Desjardins Securities. The stock of Cenovus Energy Inc. (NASDAQ:BBBY). Pub Employees Retirement Association Of Colorado reported 25,656 shares or 0% of all its holdings. UBS began coverage on Cenovus Energy in a report on Wednesday, March 7th. After having $-0.35 EPS previously, Cenovus Energy Inc.'s analysts see -88.57% EPS growth.