Cenovus Energy Inc. (CVE) Stock Rises on Q4 2025 Earnings

Cenovus Energy Inc. (CVE) reported fourth-quarter 2025 results; shares were up 2.78% since market open.

Total revenue: $8.3 billion (up 14.43% year‑over‑year)

Gross profit: $2.1 billion (up 68.97% year‑over‑year)

Operating profit: $755 million (up 100.51% year‑over‑year)

Net income attributable to common shareholders: $712 million (down 4,108.56% year‑over‑year)

Diluted earnings per share: $0.39 (up 290.0% year‑over‑year)

Cash from operating activities: $1.8 billion (up 60.63% year‑over‑year)

Capital expenditures (purchases of property, plant and equipment): $1.03 billion (up 15.64% year‑over‑year)

Cash and cash equivalents: $2.0 billion (down 7.38% year‑over‑year)

Total liabilities: $23.2 billion (up 24.15% year‑over‑year)

Cost of sales: $6.2 billion (up 3.13% year‑over‑year)

The company reported improved margins, with gross profit representing roughly 25.4% of revenue and operating profit around 9.1% of revenue, reflecting stronger underlying profitability in the quarter.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Cenovus Energy Inc. Hedge Fund Activity

We have seen 246 institutional investors add shares of Cenovus Energy Inc. stock to their portfolio, and 191 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 43,508,576 shares (-27.9%) from their portfolio in Q4 2025, for an estimated $736,165,105
CAPITAL RESEARCH GLOBAL INVESTORS added 17,730,542 shares (+16.6%) to their portfolio in Q4 2025, for an estimated $300,000,770
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 16,885,137 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $286,878,477
GOLDMAN SACHS GROUP INC removed 12,840,305 shares (-62.5%) from their portfolio in Q4 2025, for an estimated $217,257,960
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added 12,564,179 shares (+440.8%) to their portfolio in Q4 2025, for an estimated $212,585,908
FIL LTD added 11,019,212 shares (+40.0%) to their portfolio in Q4 2025, for an estimated $186,445,067
BOSTON PARTNERS removed 8,817,157 shares (-39.7%) from their portfolio in Q4 2025, for an estimated $149,186,296

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Cenovus Energy Inc. Analyst Ratings

Wall Street analysts have issued reports on $CVE in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

RBC Capital issued a "Outperform" rating on 11/17/2025
CIBC issued a "Outperformer" rating on 11/14/2025
TD Securities issued a "Buy" rating on 09/30/2025

To track analyst ratings and price targets for Cenovus Energy Inc., check out Quiver Quantitative's $CVE forecast page.

Cenovus Energy Inc. Price Targets

Multiple analysts have issued price targets for $CVE recently. We have seen 5 analysts offer price targets for $CVE in the last 6 months, with a median target of $28.0.

Here are some recent targets:

Greg Pardy from RBC Capital set a target price of $31.0 on 02/18/2026
Neil Mehta from Goldman Sachs set a target price of $20.0 on 01/02/2026
Dennis Fong from CIBC set a target price of $32.0 on 11/14/2025
Menno Hulshof from TD Securities set a target price of $28.0 on 09/30/2025
Manav Gupta from UBS set a target price of $27.0 on 08/25/2025