Published on 24 Mar 2024 on Simply Wall St. via Yahoo Finance
Institutional investors have a lot riding on Cenovus Energy Inc. (TSE:CVE) with 53% ownership
Key Insights
Institutions' substantial holdings in Cenovus Energy implies that they have significant influence over the company's share priceThe top 6 shareholders own 52% of the company Recent purchases by insiders
If you want to know who really controls Cenovus Energy Inc. (TSE:CVE), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 53% to be precise, is institutions. Put another way, the group faces the maximum upside potential (or downside risk).