CVR Energy Inc. $CVI Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd increased its position in shares of CVR Energy Inc. (NYSE:CVIFree Report) by 357.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 164,204 shares of the oil and gas company’s stock after buying an additional 128,339 shares during the quarter. WINTON GROUP Ltd’s holdings in CVR Energy were worth $4,522,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CVI. Nykredit A S acquired a new position in shares of CVR Energy in the second quarter worth about $29,000. EverSource Wealth Advisors LLC grew its position in shares of CVR Energy by 44.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 339 shares during the period. PNC Financial Services Group Inc. grew its position in shares of CVR Energy by 51.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 388 shares during the period. Quarry LP purchased a new position in shares of CVR Energy in the 3rd quarter valued at about $50,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of CVR Energy in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CVI. Mizuho increased their price target on CVR Energy from $28.00 to $29.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 4th. UBS Group restated a “neutral” rating and issued a $35.00 price objective on shares of CVR Energy in a research report on Monday, June 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CVR Energy in a research note on Wednesday, August 12th. Zacks Research upgraded CVR Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Wall Street Zen raised shares of CVR Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Three analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Sell” and a consensus target price of $30.50.

Check Out Our Latest Stock Analysis on CVI

CVR Energy Price Performance

Shares of CVR Energy stock opened at $48.52 on Friday. The business has a 50 day simple moving average of $36.27 and a two-hundred day simple moving average of $32.65. CVR Energy Inc. has a 12 month low of $19.62 and a 12 month high of $50.27. The stock has a market capitalization of $4.88 billion, a P/E ratio of 71.36 and a beta of 0.85. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.42 and a quick ratio of 0.92.

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

CVR Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were issued a $0.10 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. CVR Energy’s dividend payout ratio (DPR) is presently 58.82%.

CVR Energy 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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