Meeder Asset Management Inc. lowered its position in shares of CVR Energy, Inc. (NYSE:CVI) by 90.6% in the fourth quarter, HoldingsChannel reports. The fund owned 982 shares of the oil and gas company’s stock after selling 9,427 shares during the period. Meeder Asset Management Inc.’s holdings in CVR Energy were worth $40,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. GQ Asset Management LLC grew its holdings in shares of CVR Energy by 13.8% during the 3rd quarter. GQ Asset Management LLC now owns 2,336 shares of the oil and gas company’s stock worth $103,000 after purchasing an additional 283 shares in the last quarter. Amalgamated Bank boosted its stake in CVR Energy by 8.2% in the fourth quarter. Amalgamated Bank now owns 5,112 shares of the oil and gas company’s stock valued at $207,000 after buying an additional 388 shares in the last quarter. ProShare Advisors LLC boosted its stake in CVR Energy by 10.6% in the fourth quarter. ProShare Advisors LLC now owns 5,510 shares of the oil and gas company’s stock valued at $223,000 after buying an additional 529 shares in the last quarter. California State Teachers Retirement System boosted its stake in CVR Energy by 1.2% in the third quarter. California State Teachers Retirement System now owns 46,109 shares of the oil and gas company’s stock valued at $2,030,000 after buying an additional 551 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in CVR Energy by 2.1% in the third quarter. Stifel Financial Corp now owns 32,398 shares of the oil and gas company’s stock valued at $1,426,000 after buying an additional 671 shares in the last quarter. 94.53% of the stock is owned by hedge funds and other institutional investors.
CVR Energy stock traded up $1.83 during trading hours on Thursday, hitting $17.33. The stock had a trading volume of 1,568,366 shares, compared to its average volume of 1,391,432. The company has a quick ratio of 1.51, a current ratio of 2.17 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 4.58 and a beta of 1.37. CVR Energy, Inc. has a one year low of $13.89 and a one year high of $55.52. The business’s 50 day simple moving average is $27.19 and its 200-day simple moving average is $38.57.
CVR Energy (NYSE:CVI) last posted its earnings results on Wednesday, February 19th. The oil and gas company reported $0.44 EPS for the quarter. The firm had revenue of $1.57 billion during the quarter. CVR Energy had a return on equity of 22.50% and a net margin of 5.97%.
The company also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were given a $0.80 dividend. The ex-dividend date was Friday, February 28th. This represents a $3.20 annualized dividend and a yield of 18.47%.
Several analysts recently weighed in on the company. TheStreet lowered CVR Energy from a “b” rating to a “c+” rating in a research note on Wednesday, March 11th. Citigroup reduced their price objective on CVR Energy from $40.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Goldman Sachs Group lowered CVR Energy from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $18.00 to $12.00 in a research note on Thursday. Finally, Credit Suisse Group reduced their price objective on CVR Energy from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. CVR Energy currently has a consensus rating of “Hold” and a consensus price target of $23.33.
CVR Energy 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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