Thomist Capital Management LP Invests $2.57 Million in CVR Energy Inc. $CVI

Thomist Capital Management LP purchased a new stake in shares of CVR Energy Inc. (NYSE:CVIFree Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 93,326 shares of the oil and gas company’s stock, valued at approximately $2,570,000. CVR Energy comprises 0.8% of Thomist Capital Management LP’s investment portfolio, making the stock its 28th biggest position.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in CVR Energy in the second quarter worth about $143,262,000. BNP Paribas Financial Markets lifted its position in CVR Energy by 21,261.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 776,073 shares of the oil and gas company’s stock valued at $28,311,000 after purchasing an additional 772,440 shares during the period. Squarepoint Ops LLC acquired a new position in CVR Energy during the 4th quarter valued at about $9,616,000. Bank of America Corp DE boosted its stake in shares of CVR Energy by 101.2% in the 3rd quarter. Bank of America Corp DE now owns 706,504 shares of the oil and gas company’s stock valued at $25,773,000 after purchasing an additional 355,412 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of CVR Energy by 33.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,364,250 shares of the oil and gas company’s stock valued at $49,768,000 after purchasing an additional 345,758 shares during the last quarter. Institutional investors own 98.88% of the company’s stock.

CVR Energy Stock Down 4.0%

Shares of NYSE CVI opened at $37.93 on Tuesday. CVR Energy Inc. has a 52-week low of $19.62 and a 52-week high of $41.67. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.92 and a current ratio of 1.42. The stock has a market cap of $3.81 billion, a P/E ratio of 55.78 and a beta of 0.83. The firm has a 50 day moving average price of $32.22 and a 200 day moving average price of $30.82.

CVR Energy (NYSE:CVIGet Free Report) last posted its earnings results on Wednesday, July 29th. The oil and gas company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.22 billion. CVR Energy had a net margin of 0.81% and a negative return on equity of 15.21%. The business’s revenue for the quarter was up 55.5% compared to the same quarter last year. During the same period last year, the business posted ($0.23) earnings per share. Analysts expect that CVR Energy Inc. will post 0.79 EPS for the current year.

CVR Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were given a $0.10 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. CVR Energy’s dividend payout ratio is currently 58.82%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of CVR Energy in a research report on Wednesday, August 12th. Zacks Research raised shares of CVR Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Mizuho lifted their target price on shares of CVR Energy from $28.00 to $29.00 and gave the stock an “underperform” rating in a report on Tuesday, August 4th. Tudor Pickering cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Thursday, June 4th. Finally, UBS Group reiterated a “neutral” rating and set a $35.00 target price on shares of CVR Energy in a research report on Monday, June 29th. Three research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, CVR Energy has a consensus rating of “Strong Sell” and a consensus price target of $30.50.

Get Our Latest Stock Report on CVR Energy

CVR Energy Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding CVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CVR Energy Inc. (NYSE:CVIFree Report).

Institutional Ownership by Quarter for CVR Energy (NYSE:CVI)

Receive News & Ratings for CVR Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Energy and related companies with MarketBeat.com's FREE daily email newsletter.