5 Oil and Gas Stocks in Billionaire Steve Cohen’s Portfolio

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1. Cenovus Energy Inc. (NYSE:CVE)

Point72 Asset Management’s Stake Value: $94.818 million

Percentage of Point72 Asset Management’s 13F Portfolio: 0.41%

Number of Hedge Fund Holders: 30

Cenovus Energy Inc. (NYSE:CVE) is a Canadian oil and natural gas company founded in 2009. The company primarily focuses on its oil sands assets, refining, and transportation. In January 2021, Cenovus Energy Inc. (NYSE:CVE) acquired Husky Energy (TSX:HSE) for 3.9 billion.

According to the third-quarter 2021 filings, the EPS of Cenovus Energy Inc. (NYSE:CVE) was $0.31 compared to $0.38 estimates. Nonetheless, the company beat the revenue forecast by $1.35 billion in the same quarter. Cenovus Energy Inc. (NYSE:CVE) generated a revenue of $10.84 billion compared to $9.49 billion estimates.

On November 19, Scotiabank analyst Jason Bouvier raised the price target for Cenovus Energy Inc. (NYSE:CVE) from $16.50 to $19 and kept an Outperform rating on its shares.

You can also take a peek at Echo Street Capital Management: Greg Poole’s Top 10 Stock Picks and 10 Healthcare Stocks to Buy According to Peter S. Park’s Park West Asset Management.

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