Principal Financial Group Inc. Raises Holdings in Cenovus Energy Inc $CVE

Principal Financial Group Inc. lifted its position in shares of Cenovus Energy Inc (NYSE:CVE) (TSE:CVE) by 28.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,857 shares of the oil and gas company’s stock after buying an additional 30,245 shares during the quarter. Principal Financial Group Inc.’s holdings in Cenovus Energy were worth $3,568,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new position in Cenovus Energy during the 4th quarter worth about $25,000. Transamerica Financial Advisors LLC raised its holdings in shares of Cenovus Energy by 1,302.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,543 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 1,433 shares in the last quarter. NBC Securities Inc. lifted its position in shares of Cenovus Energy by 961.5% in the 4th quarter. NBC Securities Inc. now owns 1,656 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 1,500 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Cenovus Energy during the fourth quarter valued at approximately $38,000. Finally, Geneos Wealth Management Inc. increased its holdings in Cenovus Energy by 74.1% during the second quarter. Geneos Wealth Management Inc. now owns 3,253 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 1,384 shares during the period. 51.19% of the stock is currently owned by institutional investors.

Cenovus Energy Trading Up 5.1%

NYSE:CVE opened at $29.07 on Thursday. The company has a market capitalization of $54.08 billion, a P/E ratio of 15.97 and a beta of 0.34. The company has a current ratio of 1.57, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. Cenovus Energy Inc has a 12 month low of $14.48 and a 12 month high of $32.07. The firm has a fifty day simple moving average of $27.28 and a 200-day simple moving average of $25.08.

Cenovus Energy (NYSE:CVE) (TSE:CVE) last released its earnings results on Wednesday, July 29th. The oil and gas company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. Cenovus Energy had a return on equity of 15.29% and a net margin of 9.53%.The firm had revenue of $14.59 billion for the quarter, compared to the consensus estimate of $11.87 billion. During the same period in the prior year, the firm earned $0.45 EPS. The firm’s revenue was up 47.9% on a year-over-year basis. On average, equities research analysts anticipate that Cenovus Energy Inc will post 3.02 earnings per share for the current year.

Cenovus Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Cenovus Energy’s dividend payout ratio (DPR) is presently 35.16%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Raymond James Financial lowered Cenovus Energy from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, May 6th. Weiss Ratings cut Cenovus Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Royal Bank Of Canada lifted their target price on Cenovus Energy from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Wall Street Zen lowered shares of Cenovus Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Desjardins raised shares of Cenovus Energy to a “moderate buy” rating in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.25.

More Cenovus Energy News

Here are the key news stories impacting Cenovus Energy this week:

• Positive Sentiment: Exceptional cash flow: Cenovus generated approximately C$5.0 billion in adjusted funds flow and C$3.8 billion in free funds flow during the second quarter. Operating cash flow reportedly reached C$5.64 billion, strengthening the company’s capacity to reduce debt, invest in growth and return capital to shareholders. Cenovus: Cash Flood Begins
• Positive Sentiment: Production guidance raised: Cenovus reported upstream production of 970.4 thousand barrels of oil equivalent per day, while downstream crude throughput was 451.5 thousand barrels per day at a strong 95% utilization rate. Management also lifted production guidance, with growth supported by the MEG Energy acquisition. Cenovus posts record Q2 2026 results, lifts production guidance
• Positive Sentiment: Year-over-year earnings improvement: Quarterly earnings were $1.11 per share, matching consensus but rising sharply from $0.33–$0.45 per share in the year-ago period. Revenue increased 47.9% year over year, highlighting significant operating leverage. Cenovus Energy Q2 Earnings Match Estimates
• Positive Sentiment: Dividend maintained: Cenovus declared a quarterly dividend of 0.22 per share, payable September 29 to shareholders of record September 15. The indicated annualized yield is approximately 3.0%, adding to the stock’s shareholder-return appeal.
• Negative Sentiment: Commodity-price risk remains: Some analysis characterized the quarter as including modest revenue and EPS misses versus certain estimates, while noting that the sustainability of current cash flows depends partly on elevated oil prices and geopolitical conditions, including the Iranian situation. Cenovus Energy: Big Free Cash Flow Jump

Cenovus Energy Profile

Cenovus Energy Inc is a Canadian integrated energy company engaged in the exploration, development and production of crude oil, natural gas liquids and natural gas, together with downstream refining and marketing activities. Headquartered in Calgary, Alberta, Cenovus operates a mix of oil sands thermal and dilbit assets, conventional oil and gas properties, and owns refining and midstream assets designed to move and process hydrocarbons into finished petroleum products for commercial markets.

The company was originally formed as a spin‑off from Encana Corporation in 2009 and has grown through organic development and strategic acquisitions.