Truist Financial Corp lifted its position in CVR Energy, Inc. (NYSE:CVI – Free Report) by 19.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,734 shares of the oil and gas company’s stock after acquiring an additional 1,574 shares during the period. Truist Financial Corp’s holdings in CVR Energy were worth $295,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Denali Advisors LLC boosted its position in shares of CVR Energy by 76,632.2% during the fourth quarter. Denali Advisors LLC now owns 45,272 shares of the oil and gas company’s stock worth $1,372,000 after buying an additional 45,213 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of CVR Energy by 3,191.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 32,458 shares of the oil and gas company’s stock worth $1,105,000 after acquiring an additional 31,472 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of CVR Energy by 57.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 924,541 shares of the oil and gas company’s stock valued at $31,462,000 after purchasing an additional 338,393 shares during the last quarter. FCF Advisors LLC bought a new stake in shares of CVR Energy in the fourth quarter worth $830,000. Finally, Cambria Investment Management L.P. boosted its holdings in CVR Energy by 8.5% during the third quarter. Cambria Investment Management L.P. now owns 390,857 shares of the oil and gas company’s stock worth $13,301,000 after purchasing an additional 30,513 shares during the last quarter. Institutional investors own 98.88% of the company’s stock.
Wall Street Analysts Forecast Growth
CVI has been the topic of several recent research reports. StockNews.com upgraded shares of CVR Energy from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. UBS Group dropped their target price on CVR Energy from $37.00 to $33.75 and set a “neutral” rating on the stock in a report on Tuesday, May 14th. Finally, Scotiabank raised their price target on CVR Energy from $25.00 to $29.00 and gave the company a “sector underperform” rating in a research note on Thursday, April 11th.
Get Our Latest Research Report on CVI
CVR Energy Stock Performance
Shares of CVI opened at $29.47 on Tuesday. The company has a market cap of $2.96 billion, a PE ratio of 4.52 and a beta of 1.59. The firm has a 50-day moving average of $33.34 and a 200-day moving average of $32.50. CVR Energy, Inc. has a one year low of $22.60 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.
CVR Energy (NYSE:CVI – Get Free Report) last posted its quarterly 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). CVR Energy had a return on equity of 40.14% and a net margin of 7.44%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the business posted $1.44 EPS. The company’s revenue for the quarter was down 18.5% on a year-over-year basis. As a group, equities analysts forecast that CVR Energy, Inc. will post 2.4 earnings per share for the current year.
CVR Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.79%. The ex-dividend date was Friday, May 10th. CVR Energy’s dividend payout ratio is 30.67%.
CVR Energy Company 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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