Investors Buy High Volume of Call Options on Cenovus Energy (NYSE:CVE)

12 Dec 2025, 16:30 by Scott Moore · The Cerbat Gem

Cenovus Energy Inc (NYSE:CVE – Get Free Report) (TSE:CVE) saw unusually large options trading on Friday. Investors acquired 148,681 call options on the stock. This is an increase of approximately 2,196% compared to the average daily volume of 6,475 call options.

Institutional Trading of Cenovus Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Capital Research Global Investors lifted its stake in Cenovus Energy by 291.3% in the third quarter. Capital Research Global Investors now owns 106,582,971 shares of the oil and gas company’s stock worth $1,809,758,000 after purchasing an additional 79,345,506 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Cenovus Energy by 322.7% in the second quarter. Canada Pension Plan Investment Board now owns 15,521,050 shares of the oil and gas company’s stock worth $211,338,000 after buying an additional 11,849,355 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Cenovus Energy by 46.7% in the third quarter. Mackenzie Financial Corp now owns 30,643,806 shares of the oil and gas company’s stock worth $520,196,000 after buying an additional 9,753,134 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Cenovus Energy by 494.2% in the 3rd quarter. CIBC Asset Management Inc now owns 11,442,043 shares of the oil and gas company’s stock valued at $194,493,000 after acquiring an additional 9,516,460 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in Cenovus Energy during the 2nd quarter valued at about $74,895,000. Hedge funds and other institutional investors own 51.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CVE has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Cenovus Energy in a report on Tuesday, September 2nd. Royal Bank Of Canada upped their price target on shares of Cenovus Energy from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, November 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cenovus Energy in a research note on Thursday, October 30th. Zacks Research raised shares of Cenovus Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Finally, Wall Street Zen raised Cenovus Energy from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Four analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Cenovus Energy presently has a consensus rating of “Buy” and an average price target of $25.67.

Read Our Latest Report on Cenovus Energy

Cenovus Energy Price Performance

NYSE CVE traded up $0.32 on Friday, hitting $18.04. The stock had a trading volume of 33,037,498 shares, compared to its average volume of 13,310,497. The firm has a 50-day moving average of $17.50 and a 200-day moving average of $15.97. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.18 and a current ratio of 1.73. Cenovus Energy has a 52-week low of $10.23 and a 52-week high of $18.75. The company has a market capitalization of $34.09 billion, a price-to-earnings ratio of 14.78 and a beta of 0.52.

Cenovus Energy (NYSE:CVE – Get Free Report) (TSE:CVE) last released its quarterly earnings results on Friday, October 31st. The oil and gas company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.12. Cenovus Energy had a net margin of 6.23% and a return on equity of 10.73%. The firm had revenue of $10.87 billion during the quarter, compared to analyst estimates of $12.51 billion. During the same period in the previous year, the business earned $0.42 EPS. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. Equities analysts expect that Cenovus Energy will post 1.49 EPS for the current year.

Cenovus Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Monday, December 15th. Cenovus Energy’s dividend payout ratio is currently 47.54%.

Cenovus Energy Company Profile

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