US Bancorp DE increased its position in CVR Energy, Inc. (NYSE:CVI – Free Report) by 480.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,377 shares of the oil and gas company’s stock after buying an additional 16,040 shares during the quarter. US Bancorp DE’s holdings in CVR Energy were worth $587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. WBI Investments LLC lifted its holdings in shares of CVR Energy by 2.6% in the 4th quarter. WBI Investments LLC now owns 27,729 shares of the oil and gas company’s stock worth $840,000 after acquiring an additional 706 shares during the last quarter. Aigen Investment Management LP lifted its stake in CVR Energy by 28.4% in the fourth quarter. Aigen Investment Management LP now owns 59,247 shares of the oil and gas company’s stock worth $1,795,000 after purchasing an additional 13,121 shares during the last quarter. Quest Partners LLC purchased a new stake in CVR Energy during the fourth quarter valued at about $352,000. Trexquant Investment LP grew its stake in shares of CVR Energy by 25.8% during the fourth quarter. Trexquant Investment LP now owns 97,271 shares of the oil and gas company’s stock valued at $2,947,000 after buying an additional 19,928 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in shares of CVR Energy by 282.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 104,989 shares of the oil and gas company’s stock worth $3,181,000 after buying an additional 77,539 shares during the period. Hedge funds and other institutional investors own 98.88% of the company’s stock.
CVR Energy Trading Up 0.5 %
CVI opened at $26.78 on Friday. CVR Energy, Inc. has a one year low of $25.83 and a one year high of $39.36. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.49 and a quick ratio of 0.91. The business has a 50 day simple moving average of $31.51 and a two-hundred day simple moving average of $32.21. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 4.11 and a beta of 1.57.
CVR Energy (NYSE:CVI – Get Free Report) last announced its earnings results on Monday, April 29th. The oil and gas company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09). The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.96 billion. CVR Energy had a net margin of 7.44% and a return on equity of 40.14%. CVR Energy’s revenue was down 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.44 EPS. Analysts predict that CVR Energy, Inc. will post 1.27 EPS for the current year.
CVR Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were given a $0.50 dividend. The ex-dividend date was Friday, May 10th. This represents a $2.00 annualized dividend and a dividend yield of 7.47%. CVR Energy’s dividend payout ratio is 30.67%.
Analyst Ratings Changes
CVI has been the subject of several analyst reports. Scotiabank increased their target price on CVR Energy from $25.00 to $29.00 and gave the company a “sector underperform” rating in a report on Thursday, April 11th. UBS Group cut their target price on shares of CVR Energy from $37.00 to $33.75 and set a “neutral” rating on the stock in a report on Tuesday, May 14th. Finally, StockNews.com lowered shares of CVR Energy from a “buy” rating to a “hold” rating in a report on Friday, May 31st.
Get Our Latest Research Report on CVR Energy
CVR Energy Profile
CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.
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Source: defenseworld.net
