Cibc Asset Management Lifted Stake in Cenovus Energy (CVE); As Oneok (OKE) Share Price Declined, Bush Odonnell Investment Advisors Has Upped Holding by $1.12 Million

February 15, 2018 - By Michael Leger

Cibc Asset Management Inc increased its stake in Cenovus Energy Inc (CVE) by 46.33% based on its latest 2017Q3 regulatory filing with the SEC. Cibc Asset Management Inc bought 3.58M shares as the company’s stock declined 29.14% while stock markets rallied. The institutional investor held 11.32 million shares of the oil & gas production company at the end of 2017Q3, valued at $113.18 million, up from 7.73M at the end of the previous reported quarter. Cibc Asset Management Inc who had been investing in Cenovus Energy Inc for a number of months, seems to be bullish on the $8.92B market cap company. The stock decreased 6.70% or $0.53 during the last trading session, reaching $7.38. About 4.55 million shares traded or 14.10% up from the average. Cenovus Energy Inc. (NYSE:CVE) has declined 34.01% since February 15, 2017 and is downtrending. It has underperformed by 50.71% the S&P500.

Bush Odonnell Investment Advisors Inc increased its stake in Oneok Inc (OKE) by 523.2% based on its latest 2017Q3 regulatory filing with the SEC. Bush Odonnell Investment Advisors Inc bought 20,431 shares as the company’s stock declined 4.12% while stock markets rallied. The institutional investor held 24,336 shares of the public utilities company at the end of 2017Q3, valued at $1.35 million, up from 3,905 at the end of the previous reported quarter. Bush Odonnell Investment Advisors Inc who had been investing in Oneok Inc for a number of months, seems to be bullish on the $23.61B market cap company. The stock increased 0.07% or $0.04 during the last trading session, reaching $57.51. About 990,651 shares traded. ONEOK, Inc. (NYSE:OKE) has risen 23.81% since February 15, 2017 and is uptrending. It has outperformed by 7.11% the S&P500.

Bush Odonnell Investment Advisors Inc, which manages about $214.22M and $131.14 million US Long portfolio, decreased its stake in Wells Fargo & Co. New (NYSE:WFC) by 20,690 shares to 105,500 shares, valued at $5.82 million in 2017Q3, according to the filing. It also reduced its holding in Cvs Health Corp (NYSE:CVS) by 13,700 shares in the quarter, leaving it with 63,820 shares, and cut its stake in Express Scripts Holding Co (NASDAQ:ESRX).

Investors sentiment increased to 2.82 in 2017 Q3. Its up 1.47, from 1.35 in 2017Q2. It is positive, as 52 investors sold OKE shares while 103 reduced holdings. 164 funds opened positions while 273 raised stakes. 264.73 million shares or 40.11% more from 188.94 million shares in 2017Q2 were reported. 1,350 are owned by Ledyard Fincl Bank. Geode Limited Liability reported 3.76 million shares or 0.08% of all its holdings. Westpac holds 24,974 shares. M&T Savings Bank, a New York-based fund reported 58,388 shares. Keybank Natl Association Oh, Ohio-based fund reported 95,816 shares. Sei Invs has 0.04% invested in ONEOK, Inc. (NYSE:OKE) for 201,621 shares. Tcw Grp Inc has invested 0.01% of its portfolio in ONEOK, Inc. (NYSE:OKE). Buckingham Asset Management Ltd owns 12,127 shares or 0.16% of their US portfolio. 84,600 were reported by Denali Advsr Ltd Llc. Advantus Cap has invested 0.06% in ONEOK, Inc. (NYSE:OKE). Associated Banc holds 0.06% or 19,700 shares in its portfolio. Park Circle Co holds 400 shares. Gam Hldgs Ag reported 6,504 shares. 1,913 were accumulated by Lazard Asset Mngmt Ltd Liability. Wetherby Asset invested 0.08% in ONEOK, Inc. (NYSE:OKE).

Among 20 analysts covering ONEOK (NYSE:OKE), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. ONEOK had 68 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Thursday, February 23. The stock of ONEOK, Inc. (NYSE:OKE) earned “Buy” rating by BMO Capital Markets on Tuesday, October 17. Oppenheimer maintained ONEOK, Inc. (NYSE:OKE) on Tuesday, August 11 with “Outperform” rating. Barclays Capital upgraded it to “Overweight” rating and $49 target in Monday, May 9 report. The stock of ONEOK, Inc. (NYSE:OKE) earned “Buy” rating by BMO Capital Markets on Tuesday, August 15. BMO Capital Markets maintained ONEOK, Inc. (NYSE:OKE) rating on Monday, January 15. BMO Capital Markets has “Buy” rating and $64.0 target. The stock of ONEOK, Inc. (NYSE:OKE) has “Hold” rating given on Monday, June 19 by RBC Capital Markets. Stifel Nicolaus maintained the shares of OKE in report on Tuesday, August 1 with “Hold” rating. The stock of ONEOK, Inc. (NYSE:OKE) has “Buy” rating given on Monday, September 25 by BMO Capital Markets. Wells Fargo upgraded it to “Buy” rating and $66.0 target in Thursday, January 11 report.

Among 16 analysts covering Cenovus Energy Inc (NYSE:CVE), 7 have Buy rating, 2 Sell and 7 Hold. Therefore 44% are positive. Cenovus Energy Inc had 25 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, January 26, the company rating was upgraded by Goldman Sachs. Goldman Sachs upgraded the shares of CVE in report on Tuesday, December 1 to “Neutral” rating. The stock of Cenovus Energy Inc. (NYSE:CVE) earned “Overweight” rating by Morgan Stanley on Monday, June 13. The stock has “Conviction Buy” rating by Goldman Sachs on Friday, March 11. The stock has “Buy” rating by Canaccord Genuity on Wednesday, June 21. RBC Capital Markets maintained Cenovus Energy Inc. (NYSE:CVE) rating on Thursday, April 28. RBC Capital Markets has “Outperform” rating and $23 target. The company was maintained on Tuesday, December 15 by JP Morgan. The stock of Cenovus Energy Inc. (NYSE:CVE) earned “Neutral” rating by Nomura on Thursday, January 21. The company was reinitiated on Friday, May 26 by Credit Suisse. The stock of Cenovus Energy Inc. (NYSE:CVE) has “Underweight” rating given on Monday, October 12 by Barclays Capital.

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