UBS Group AG boosted its position in shares of CVR Energy Inc. (NYSE:CVI – Free Report) by 32.2% during the 4th quarter, HoldingsChannel reports. The firm owned 850,042 shares of the oil and gas company’s stock after buying an additional 206,861 shares during the period. UBS Group AG’s holdings in CVR Energy were worth $21,625,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of CVR Energy by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 3,705,809 shares of the oil and gas company’s stock worth $94,276,000 after buying an additional 106,906 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of CVR Energy by 17.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,965 shares of the oil and gas company’s stock valued at $355,000 after acquiring an additional 2,085 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in CVR Energy in the fourth quarter worth about $47,000. SG Americas Securities LLC lifted its stake in CVR Energy by 3.1% in the fourth quarter. SG Americas Securities LLC now owns 28,848 shares of the oil and gas company’s stock worth $734,000 after acquiring an additional 873 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in CVR Energy by 38.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 380,127 shares of the oil and gas company’s stock worth $13,867,000 after acquiring an additional 106,350 shares in the last quarter. 98.88% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Raymond James Financial upgraded shares of CVR Energy from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 25th. Scotiabank increased their price objective on shares of CVR Energy from $25.00 to $28.00 and gave the company a “sector underperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings upgraded CVR Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 1st. Mizuho lifted their price target on CVR Energy from $28.00 to $32.00 and gave the company an “underperform” rating in a report on Tuesday, March 17th. Finally, Wall Street Zen raised CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Two analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, CVR Energy currently has a consensus rating of “Strong Sell” and a consensus target price of $31.75.
Insiders Place Their Bets
In other CVR Energy news, major shareholder Carl C. Icahn purchased 275,012 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average price of $21.41 per share, for a total transaction of $5,888,006.92. Following the completion of the purchase, the insider owned 71,201,875 shares of the company’s stock, valued at approximately $1,524,432,143.75. The trade was a 0.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 783,404 shares of company stock valued at $16,445,044 over the last three months. 0.01% of the stock is currently owned by company insiders.
CVR Energy Trading Up 4.0%
NYSE:CVI opened at $34.90 on Tuesday. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of -81.16 and a beta of 0.83. CVR Energy Inc. has a 52 week low of $19.62 and a 52 week high of $41.67. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 2.41. The firm has a 50 day moving average of $31.01 and a 200 day moving average of $29.67.
CVR Energy (NYSE:CVI – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.54) by ($0.70). The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.73 billion. CVR Energy had a negative net margin of 0.56% and a negative return on equity of 22.36%. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.58) EPS. As a group, sell-side analysts anticipate that CVR Energy Inc. will post 0.88 earnings per share for the current fiscal year.
CVR Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 18th. Shareholders of record on Monday, May 11th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, May 11th.
About CVR Energy
CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.
In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.
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