Swiss National Bank increased its position in CVR Energy, Inc. (NYSE:CVI) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,700 shares of the oil and gas company’s stock after acquiring an additional 1,100 shares during the period. Swiss National Bank owned approximately 0.06% of CVR Energy worth $2,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of CVI. State Street Corp raised its holdings in shares of CVR Energy by 19.9% in the third quarter. State Street Corp now owns 1,204,765 shares of the oil and gas company’s stock valued at $53,046,000 after buying an additional 199,899 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in CVR Energy by 1.5% during the third quarter. Parametric Portfolio Associates LLC now owns 217,729 shares of the oil and gas company’s stock worth $9,587,000 after purchasing an additional 3,241 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in CVR Energy during the first quarter worth about $5,181,000. Man Group plc raised its holdings in CVR Energy by 65.7% during the third quarter. Man Group plc now owns 109,558 shares of the oil and gas company’s stock worth $4,824,000 after purchasing an additional 43,432 shares in the last quarter. Finally, Mackay Shields LLC raised its holdings in CVR Energy by 9.0% during the third quarter. Mackay Shields LLC now owns 93,077 shares of the oil and gas company’s stock worth $4,098,000 after purchasing an additional 7,700 shares in the last quarter. Institutional investors own 94.08% of the company’s stock.
Several research analysts recently issued reports on the stock. Citigroup cut their price target on shares of CVR Energy from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Credit Suisse Group dropped their target price on shares of CVR Energy from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, Goldman Sachs Group raised shares of CVR Energy from a “sell” rating to a “neutral” rating and set a $38.00 target price for the company in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. CVR Energy currently has a consensus rating of “Hold” and a consensus price target of $39.33.
CVR Energy stock traded down $0.59 during mid-day trading on Wednesday, reaching $26.27. The company had a trading volume of 11,800 shares, compared to its average volume of 662,537. CVR Energy, Inc. has a 1 year low of $26.36 and a 1 year high of $55.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.17 and a quick ratio of 1.51. The company has a market capitalization of $2.80 billion, a P/E ratio of 6.95 and a beta of 1.37. The stock’s 50-day simple moving average is $34.26 and its 200-day simple moving average is $40.83.
CVR Energy (NYSE:CVI) last issued its earnings results on Wednesday, February 19th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter. CVR Energy had a net margin of 5.97% and a return on equity of 22.50%. The company had revenue of $1.57 billion during the quarter.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be issued a $0.80 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.20 dividend on an annualized basis and a yield of 12.18%.
CVR Energy Company Profile
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.
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