Susquehanna Fundamental Investments LLC Takes $430,000 Position in CVR Energy Inc. $CVI

Susquehanna Fundamental Investments LLC bought a new position in CVR Energy Inc. (NYSE:CVIFree Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 15,620 shares of the oil and gas company’s stock, valued at approximately $430,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG increased its holdings in shares of CVR Energy by 32.2% during the fourth quarter. UBS Group AG now owns 850,042 shares of the oil and gas company’s stock worth $21,625,000 after buying an additional 206,861 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of CVR Energy by 136.0% in the 4th quarter. GSA Capital Partners LLP now owns 51,991 shares of the oil and gas company’s stock worth $1,323,000 after acquiring an additional 29,963 shares in the last quarter. Vanguard Group Inc. boosted 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 acquiring an additional 106,906 shares in the last quarter. NFJ Investment Group LLC bought a new stake in CVR Energy during the 2nd quarter worth approximately $2,198,000. Finally, PDT Partners LLC bought a new stake in CVR Energy during the 2nd quarter worth approximately $14,502,000. 98.88% of the stock is owned by institutional investors.

CVR Energy Stock Performance

CVR Energy stock opened at $43.04 on Thursday. The company has a market cap of $4.33 billion, a PE ratio of 63.30 and a beta of 0.85. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 2.38. CVR Energy Inc. has a 1 year low of $19.62 and a 1 year high of $44.33. The company’s 50-day moving average is $34.11 and its two-hundred day moving average is $31.66.

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

CVR Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were given a dividend of $0.10 per share. The ex-dividend date was Monday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. CVR Energy’s payout ratio is presently 58.82%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wall Street Zen upgraded CVR Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Tudor Pickering downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Thursday, June 4th. Mizuho increased their price objective 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. UBS Group reaffirmed a “neutral” rating and issued a $35.00 target price on shares of CVR Energy in a research note on Monday, June 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of CVR Energy in a research report on Wednesday, August 12th. Three investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Strong Sell” and an average target price of $30.50.

Get Our Latest Analysis 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.

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

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