your badges 52W Range $16–$34 91% of range Analyst Rating BUY 22 analysts Price Target $37 +14% upside P/E 7.9 ROE 12.8% Net Profit Margin 7.9%

CVE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $32.40
P/E 7.9
EPS $2.15
Revenue $49.70B
ROE 12.8%
52W Range $16–$34

CVE Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$49.70B
2016-12-31 → 2025-12-31
EPS$2.15
2019-12-31 → 2025-12-31
Free Cash Flow·
2017-12-31 → 2020-12-31
Net margin7.9%
2017-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend CVE 5Y avg Peer Median Verdict
P/E 7.95Y avg ≈15.3 ≈15.3 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Payout Ratio36.6%
Annualized Payout≈$0.63Paid quarterly
Growth Streak≈9Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Sep 15, 2026$0.16USD≈1.4%
Jun 15, 2026$0.16USD≈1.1%
Mar 13, 2026$0.15USD≈1.3%
Jun 13, 2025$0.15USD≈3.6%
Mar 14, 2025$0.13USD≈4.6%
Dec 13, 2024$0.13USD≈3.9%
Sep 13, 2024$0.13USD≈3.5%
Jun 14, 2024$0.13USD≈3.0%
May 16, 2024$0.10USD≈2.1%
Mar 14, 2024$0.10USD≈2.2%
Dec 14, 2023$0.10USD≈2.3%
Sep 14, 2023$0.10USD≈2.2%
Jun 14, 2023$0.11USD≈2.6%
Mar 14, 2023$0.08USD≈2.4%
Dec 14, 2022$0.08USD≈1.9%
Nov 17, 2022$0.09USD≈1.5%
Sep 14, 2022$0.08USD≈1.1%
Jun 14, 2022$0.08USD≈0.67%
Mar 14, 2022$0.03USD≈0.55%
Dec 14, 2021$0.03USD≈0.59%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 46.4%
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 $1.53 $1.63 -6.3%
March 31, 2026 $0.88 $0.78 13.2%
Dec. 31, 2025 $0.50 $0.39 28.1%
Sept. 30, 2025 $0.72 $0.51 40.1%
June 30, 2025 $0.45 $0.16 177.6%
March 31, 2025 $0.47 $0.37 25.7%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 12
Metric Trend 2025202420232022202120202019201820172016
Revenue $49.70B$54.28B$52.20B$66.90B$46.36B$13.54B$20.54B$20.84B$17.04B$11.01B
R&D Expense ······$20M$25M$36M$36M
SG&A Expense $812M$794M$688M$865M$849M$292M$331M$1.02B$300M$318M
Interest Expense $569M$514M$538M$820M$1.08B$536M$511M$627M$645M$390M
Interest Income $141M$170M$133M$81M$23M$9M$12M$19M$62M$52M
Pretax Income $4.48B$4.07B$5.04B$8.73B$1.31B$-3.23B$1.40B$-3.93B$2.22B$-802M
Income Tax $547M$929M$931M$2.28B$728M$-851M$-797M$-1.01B$-52M$-343M
Net Income $3.93B$3.14B$4.11B$6.45B$587M$-2.38B$2.19B$-2.67B$3.37B$-545M
EPS (Basic) $2.16$1.68$2.15$3.29$0.27$-1.94$1.78···
EPS (Diluted) $2.15$1.67$2.09$3.20$0.27$-1.94$1.78···
Shares (Basic) 1,809,902,0001,850,193,0001,895,487,0001,951,262,0002,016,200,0001,228,900,0001,228,800,0001,228,800,0001,102833
Shares (Diluted) 1,819,861,0001,863,216,0001,939,845,0002,006,152,0002,045,100,0001,228,900,0001,229,400,0001,229,200,0001,102833
Balance Sheet 12
Metric Trend 2025202420232022202120202019201820172016
Cash & Equivalents $2.74B$3.09B$2.23B$4.52B$2.87B$378M$186M$781M$610M$3.72B
Receivables $3.44B$2.61B$3.04B$3.47B$3.87B$1.49B$1.56B$1.24B$1.83B$1.84B
Inventory $3.35B$4.50B$4.03B$4.31B$3.92B$1.09B$1.53B$1.01B$1.39B$1.24B
Current Assets $9.89B$10.43B$9.71B$12.43B$11.99B$2.98B$3.28B$3.19B$5.01B$6.82B
PP&E (Net) $45.26B$38.57B$37.25B$36.50B$34.23B$25.41B$27.83B$28.70B$29.60B$16.43B
Goodwill $2.91B$2.92B$2.92B$2.92B$3.47B$2.27B$2.27B$2.27B$2.27B$242M
Intangibles $23M$11M$0$19M$78M$89M$101M···
Total Assets $63.42B$56.54B$53.91B$55.87B$54.10B$32.77B$35.71B$35.17B$40.93B$25.26B
Accounts Payable $5.85B$6.24B$5.48B$6.12B$6.35B$2.02B$2.23B$1.83B$2.63B$2.27B
Current Liabilities $6.31B$7.36B$6.21B$8.02B$7.30B$2.36B$2.52B$2.60B$4.44B$2.67B
Total Liabilities $31.79B$26.77B$25.20B$28.28B$30.50B$16.06B$16.51B$17.71B$20.95B$13.67B
Stockholders' Equity $31.62B$29.75B$28.70B$27.58B$23.60B$16.71B$19.20B$17.47B$19.98B$11.59B
Cash Flow 7
Metric Trend 2025202420232022202120202019201820172016
Operating Cash Flow $8.23B$9.23B$7.39B$11.40B$5.92B$273M$3.29B$2.15B$3.06B$861M
CapEx ·····$811M$1.11B$1.32B$1.52B$967M
Investing Cash Flow $-7.68B$-5.13B$-5.29B$-2.31B$-942M$-863M$-1.43B$-613M$-12.87B$-1.08B
Dividends Paid $1.44B$1.55B$1.03B··$77M$260M$245M$225M$166M
Financing Cash Flow $-749M$-3.50B$-4.31B$-7.68B$-2.51B$837M$-2.41B$-1.41B$6.51B$-168M
Free Cash Flow ·····$-538M$2.17B$832M$1.54B·
Levered FCF ·····$-933M$1.37B$366M$876M·
Profitability 4
Metric Trend 2025202420232022202120202019201820172016
Net Margin 7.9%5.8%7.9%9.6%1.3%-18.0%10.9%-12.8%19.8%·
Pretax Margin 9.0%7.5%9.7%13.1%2.8%-24.4%6.9%-18.8%13.0%·
ROA 6.6%5.7%7.5%11.7%1.4%-7.0%6.2%-7.0%10.2%·
ROE 12.8%10.8%14.6%25.2%2.9%-13.2%12.0%-14.2%21.3%·
Liquidity & Solvency 2
Metric Trend 2025202420232022202120202019201820172016
Current Ratio 1.61.41.61.51.61.31.31.21.1·
Quick Ratio 1.00.80.81.00.90.80.70.80.6·
Efficiency 2
Metric Trend 2025202420232022202120202019201820172016
Asset Turnover 0.81.01.01.21.10.40.60.50.5·
Receivables Turnover 16.419.216.018.217.38.714.513.69.3·
Per Share 3
Metric Trend 2025202420232022202120202019201820172016
Revenue / Share $27.31$29.13$27.11$33.35$22.67$10.76$16415324.55$16957370.65··
Cash Flow / Share $4.52$4.96$3.84$5.68$2.89$0.22$2672035.14$1752359.26··
EPS (TTM) $2.15$1.67$2.09$3.20$0.27$-1.94$1.78···
Valuation (TTM) 6
Metric Trend 2025202420232022202120202019201820172016
Revenue TTM $49.70B$54.28B$52.20B$66.90B$46.36B$13.54B$20.54B$20.84B$17.04B·
Net Income TTM $3.93B$3.14B$4.11B$6.45B$587M$-2.38B$2.19B$-2.67B$3.37B·
P/E 7.99.18.06.145.5-3.15.7···
Earnings Yield 12.7%11.0%12.6%16.5%2.2%-32.1%17.5%···
Payout Ratio 36.6%49.4%···-3.2%11.8%-9.2%6.7%·
Annual Payout $1.44B$1.55B$1.03B··$77M$260M$245M$225M·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $49.70B $54.28B $52.20B $66.90B $46.36B
Net Income $3.93B $3.14B $4.11B $6.45B $587M
Diluted EPS $2.15 $1.67 $2.09 $3.20 $0.27

Institutional owners (13F) 556 filers · $24.1B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 556
Value held $24.1B
New positions 86
Exited positions 40
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
86 (-20 vs prior Q) 40 (-21 vs prior Q) 198 (+30 vs prior Q) 173 (+12 vs prior Q) -37.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Capital World Investors $1,832,129,887 73,836,143 7.60% Shares
Capital Research Global Investors $1,483,103,808 59,770,371 6.15% Shares
Capital International Investors $1,163,387,565 46,865,234 4.83% Shares
VANGUARD GROUP INC $1,074,660,494 63,525,477 4.46% Shares
ROYAL BANK OF CANADA $1,067,892,000 43,042,749 4.43% Shares
VANGUARD CAPITAL MANAGEMENT LLC $952,745,493 38,398,577 3.95% Shares
FIL Ltd $927,484,237 37,380,066 3.85% Shares
BANK OF MONTREAL /CAN/ $816,045,544 32,921,767 3.39% Shares
MACKENZIE FINANCIAL CORP $747,801,893 21,250,409 3.10% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $650,517,652 16,121,165 2.70% Shares
FMR LLC $594,187,426 23,947,379 2.46% Shares
GOLDMAN SACHS GROUP INC $531,414,685 21,419,375 2.20% Shares
Boston Partners $442,979,748 17,723,396 1.84% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $423,886,153 17,117,654 1.76% Shares
DIMENSIONAL FUND ADVISORS LP $422,736,850 17,038,600 1.75% Shares
GQG Partners LLC $411,552,352 16,592,495 1.71% Shares
CIBC Asset Management Inc $379,238,571 15,264,422 1.57% Shares
BANK OF AMERICA CORP /DE/ $369,700,913 14,901,286 1.53% Shares
GEODE CAPITAL MANAGEMENT, LLC $361,847,506 14,396,379 1.50% Shares
Connor, Clark & Lunn Investment Management Ltd. $355,752,080 14,283,683 1.48% Shares
TD Asset Management Inc $351,739,828 14,180,930 1.46% Shares
Smead Capital Management, Inc. $331,448,279 13,370,631 1.37% Shares
VANGUARD FIDUCIARY TRUST CO $293,325,876 11,821,936 1.22% Shares
CIBC WORLD MARKET INC. $281,360,449 11,349,564 1.17% Shares
CANADA PENSION PLAN INVESTMENT BOARD $261,810,857 10,562,249 1.09% Shares
Vanguard Global Advisers, LLC $258,458,391 10,416,669 1.07% Shares
TD Waterhouse Canada Inc. $237,085,893 9,663,869 0.98% Shares
NATIONAL BANK OF CANADA /FI/ $236,264,492 9,540,752 0.98% Shares
1832 Asset Management L.P. $209,405,208 8,440,355 0.87% Shares
MORGAN STANLEY $208,784,370 8,415,330 0.87% Shares
JPMORGAN CHASE & CO $199,194,726 7,970,976 0.83% Shares
BlackRock, Inc. $183,328,594 7,389,302 0.76% Shares
Invesco Ltd. $181,674,923 7,322,649 0.75% Shares
AQR CAPITAL MANAGEMENT LLC $171,848,523 6,932,531 0.71% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $162,673,046 6,558,465 0.67% Shares
BANK OF NOVA SCOTIA $156,762,836 6,318,404 0.65% Shares
PICTON MAHONEY ASSET MANAGEMENT $148,202,610 5,987,906 0.61% Shares
WELLINGTON MANAGEMENT GROUP LLP $147,224,153 5,935,567 0.61% Shares
Alberta Investment Management Corp $143,730,103 5,798,511 0.60% Shares
LETKO, BROSSEAU & ASSOCIATES INC $132,145,910 5,327,707 0.55% Shares
FRANKLIN RESOURCES INC $131,313,804 5,297,578 0.54% Shares
Federation des caisses Desjardins du Quebec $128,870,102 5,220,777 0.53% Shares
Amundi $127,682,209 5,146,401 0.53% Shares
TORONTO DOMINION BANK $127,541,150 5,145,543 0.53% Shares
Ninepoint Partners LP $126,531,000 5,100,000 0.52% Shares
Recurrent Investment Advisors LLC $122,596,100 4,739,325 0.51% Shares
Merewether Investment Management, LP $120,860,600 4,871,447 0.50% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $115,571,480 4,658,262 0.48% Shares
RAYMOND JAMES FINANCIAL INC $105,791,118 4,264,051 0.44% Shares
Swiss National Bank $105,417,479 4,261,035 0.44% Shares

Show all 556 institutional owners →

Activists & 5%+ owners 2 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Hutchison Whampoa Europe Investments S.à r.l., Hutchison Whampoa Luxembourg Holdings S.à r.l., CK Hutchison Global Investments Limited, CK Hutchison Holdings Limited ×2 filings June 21, 2023 · Initial filing · SEC
L.F. Investments S.à r.l., Kimstar Enterprises Limited, Chinaton Investment Limited, Evago Investment Limited, Li Ka-Shing Castle Trustee Corporation Limited, Li Ka-Shing ×2 filings June 21, 2023 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 39 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
EWC · iShares, Inc. 1.42% 2,895,455 SH Sept. 11, 2026 Daily
BBCA · J.P. Morgan Exchange-Traded Fund Tr… 1.32% 4,763,784 NS July 31, 2026 N-PORT
VRAI · ETFis Series Trust I 1.25% 7,690 NS July 31, 2026 N-PORT
IXC · iShares Trust 1.16% 1,026,249 SH Sept. 11, 2026 Daily
IGE · iShares Trust 1.10% 263,694 SH Sept. 11, 2026 Daily
DFIV · Dimensional ETF Trust 0.61% 4,353,571 NS July 31, 2026 N-PORT
GUNR · FlexShares Trust 0.59% 1,427,065 NS July 31, 2026 N-PORT
IDMO · Invesco Exchange-Traded Fund Trust … 0.55% 738,081 SH Oct. 2, 2026 Daily
DIHP · Dimensional ETF Trust 0.49% 1,032,518 NS July 31, 2026 N-PORT
IMTM · iShares Trust 0.47% 608,430 SH Sept. 11, 2026 Daily
RODM · Lattice Strategies Trust 0.40% 213,655 NS July 31, 2026 N-PORT
CVY · Invesco Exchange-Traded Fund Trust 0.36% 13,176 SH Oct. 2, 2026 Daily
FTLS · First Trust Exchange-Traded Fund III 0.35% 285,063 NS July 31, 2026 N-PORT
DXIV · Dimensional ETF Trust 0.32% 21,300 NS July 31, 2026 N-PORT
IQDY · FlexShares Trust 0.31% 11,414 NS July 31, 2026 N-PORT
PXF · Invesco Exchange-Traded Fund Trust … 0.29% 262,955 SH Oct. 2, 2026 Daily
DFIC · Dimensional ETF Trust 0.26% 1,283,372 NS July 31, 2026 N-PORT
SPWO · SP Funds Trust 0.21% 13,864 NS July 31, 2026 N-PORT
DFAI · Dimensional ETF Trust 0.18% 1,059,426 NS July 31, 2026 N-PORT
VYMI · VANGUARD WHITEHALL FUNDS 0.18% 1,476,833 SH Aug. 19, 2026 Daily
DFAX · Dimensional ETF Trust 0.17% 694,768 NS July 31, 2026 N-PORT
PTIN · Pacer Funds Trust 0.17% 10,377 NS July 31, 2026 N-PORT
BKIE · BNY Mellon ETF Trust 0.16% 67,179 NS July 31, 2026 N-PORT
IDEV · iShares Trust 0.15% 1,496,904 SH Sept. 11, 2026 Daily
IVLU · iShares Trust 0.14% 196,156 SH Sept. 11, 2026 Daily
TLTD · FlexShares Trust 0.12% 26,994 NS July 31, 2026 N-PORT
ACWX · iShares Trust 0.12% 432,462 SH Sept. 11, 2026 Daily
IXUS · iShares Trust 0.10% 1,817,139 SH Sept. 11, 2026 Daily
VEA · VANGUARD TAX-MANAGED FUNDS 0.10% 13,033,648 SH Aug. 19, 2026 Daily
GLBL · Pacer Funds Trust 0.10% 35 NS July 31, 2026 N-PORT
VEU · VANGUARD INTERNATIONAL EQUITY INDEX… 0.08% 3,123,565 SH Aug. 19, 2026 Daily
VXUS · VANGUARD STAR FUNDS 0.07% 19,628,907 SH Aug. 19, 2026 Daily
VOXP · Advisors Series Trust 0.06% 117 NS July 31, 2026 N-PORT
TOK · iShares Trust 0.05% 3,893 SH Sept. 11, 2026 Daily
CCNR · Financial Investors Trust 0.05% 7,194 NS July 31, 2026 N-PORT
URTH · iShares, Inc. 0.05% 116,777 SH Sept. 11, 2026 Daily
ACWI · iShares Trust 0.04% 425,323 SH Sept. 11, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.03% 1,132,545 SH Aug. 19, 2026 Daily
IMFL · Invesco Exchange-Traded Self-Indexe… 0.02% 8,483 SH Oct. 2, 2026 Daily

CVE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 22 analysts BUY
Median target $37.01 +14.2%
4 18.2% Strong Buy
15 68.2% Buy
2 9.1% Hold
1 4.5% Sell
0 0.0% Strong Sell

12-Month Price Target

2 analysts · 2026-10-03

Mean target $37.01 +14.2%

← Below all targets Current price $32.40
Low$34.02 Mean$37.01 High$40.00

Latest News Recent headlines mentioning this company

23
Bay Street May Open With Positive Bias Nasdaq · 4 months, 1 week ago Is Cenovus Energy (CVE) One of the Must-Buy US Stocks After S&P Upgrades Its Outlook? Yahoo Finance · 5 months, 2 weeks ago

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 40-F filed Feb 19, 2026