<div id="readability-page-1"><p>→ No experience to confident trader, meet my student… <span><span><span>(From Wealth Builders Institute)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NzQ1?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NzQ1"/></span></p><div id="articlecontent"> <p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/cenovus-energy-inc-logo-1200x675.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="675" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/cenovus-energy-inc-logo-1200x675.png"/>Maryland State Retirement &amp; Pension System trimmed its position in Cenovus Energy Inc. (NYSE:CVE - Free Report) <span>TSE: CVE<span></span></span> by 16.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283,730 shares of the oil and gas company's stock after selling 55,772 shares during the period. Maryland State Retirement &amp; Pension System's holdings in Cenovus Energy were worth $4,731,000 at the end of the most recent quarter. </p><div><p><span></span><span>Get <strong>Cenovus Energy</strong> alerts:</span></p></div><p>Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Cenovus Energy by 5.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 11,947 shares of the oil and gas company's stock worth $249,000 after purchasing an additional 654 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Cenovus Energy by 8.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 304,303 shares of the oil and gas company's stock valued at $6,365,000 after purchasing an additional 24,160 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Cenovus Energy during the 3rd quarter valued at $706,000. Advisor Partners II LLC increased its stake in Cenovus Energy by 6.2% during the 3rd quarter. Advisor Partners II LLC now owns 68,777 shares of the oil and gas company's stock valued at $1,432,000 after purchasing an additional 4,009 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in Cenovus Energy by 315.6% during the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 187,000 shares of the oil and gas company's stock valued at $3,893,000 after purchasing an additional 142,000 shares in the last quarter. 51.19% of the stock is owned by institutional investors and hedge funds. </p><h2>Analyst Upgrades and Downgrades</h2><div><div><p><span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NjA4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NjA4"/></span></p><div><p><img src="https://imageproxy.pbkrs.com/https://image.exct.tradesmith.com/lib/fe8213727c6200757c/m/1/3f04e40c-15a0-4863-a6b7-e50138be689a.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="508" height="349" original-src="https://imageproxy.pbkrs.com/https://image.exct.tradesmith.com/lib/fe8213727c6200757c/m/1/3f04e40c-15a0-4863-a6b7-e50138be689a.png"/></p></div><div><p><b>Ad </b> InvestorPlace</p><p>Jeff Bezos Just Humiliated Elon Musk</p><p>The Next Nvidia? 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Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of &#34;Buy&#34; and a consensus target price of $26.67.</p><p><b>Check Out Our Latest Stock Report on Cenovus Energy</b></p><h2>Cenovus Energy Stock Performance</h2><p>CVE traded up $0.19 during trading on Monday, hitting $20.68. 6,533,503 shares of the company traded hands, compared to its average volume of 11,173,402. The firm has a market cap of $38.57 billion, a P/E ratio of 11.38 and a beta of 2.10. The stock's fifty day moving average is $19.74 and its 200 day moving average is $18.02. The company has a quick ratio of 1.01, a current ratio of 1.70 and a debt-to-equity ratio of 0.25. Cenovus Energy Inc. has a one year low of $14.69 and a one year high of $21.90. </p><p>Cenovus Energy (NYSE:CVE - Get Free Report) <span>TSE: CVE<span></span></span> last posted its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. The company had revenue of $9.65 billion during the quarter, compared to analyst estimates of $9.73 billion. Cenovus Energy had a net margin of 8.73% and a return on equity of 16.53%. During the same quarter in the prior year, the business earned $0.29 earnings per share. As a group, equities analysts predict that Cenovus Energy Inc. will post 1.88 EPS for the current fiscal year. </p><h2>Cenovus Energy Announces Dividend</h2><p>The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.0981 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.18 annualized dividend and a yield of 5.69%. Cenovus Energy's payout ratio is currently 22.78%. </p><h2>Cenovus Energy Company Profile</h2><p> (Free Report)</p><p>Cenovus Energy Inc, together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.</p><h2>See Also</h2><ul><li>Five stocks we like better than Cenovus Energy</li><li>Ride Out The Recession With These Dividend Kings </li><li>3 CEO-Led Turnaround Stocks You Can Still Buy </li><li>What does consumer price index measure? </li><li>3 Value Stocks You Can Buy Before They Become Big</li><li>How to Calculate Retirement Income: MarketBeat’s Calculator</li><li>Chinese Stocks Stage Impressive Rebound</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNWRQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNWRQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cenovus Energy wasn't on the list.</p><p>While Cenovus Energy currently has a &#34;Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here </p><div><div><div><p><img height="209" width="170" src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/premium-reports/small_20230814095533_reportpreview2023-08-ev-market-cover.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/premium-reports/small_20230814095533_reportpreview2023-08-ev-market-cover.png"/></p></div><div><div><p>(Almost) Everything You Need To Know About The EV Market</p><p>Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. </p><p>Get This Free Report</p></div></div></div></div> </div></div>

<p>Maryland State Retirement & Pension System has reduced its stock holdings in Cenovus Energy Inc. by 16.4%. The institutional investor now owns 283,730 shares worth $4,731,000. Other investors have also adjusted their stakes in the company. Analysts have given Cenovus Energy a buy rating, and the stock has a consensus target price of $26.67. Cenovus Energy's stock performance has been positive, with shares trading at $20.68.</p>

Maryland State Retirement & Pension System Has $4.73 Million Stock Holdings in Cenovus Energy Inc. (NYSE:CVE)