Swiss National Bank Raises Stock Position in CVR Energy, Inc. (NYSE:CVI)

Swiss National Bank lifted its stake in shares of CVR Energy, Inc. (NYSE:CVI – Get Rating) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,800 shares of the oil and gas company’s stock after buying an additional 1,400 shares during the quarter. Swiss National Bank owned about 0.07% of CVR Energy worth $2,282,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of CVR Energy by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,275,218 shares of the oil and gas company’s stock worth $94,916,000 after buying an additional 79,797 shares during the last quarter. BlackRock Inc. raised its position in CVR Energy by 0.7% in the 1st quarter. BlackRock Inc. now owns 2,522,277 shares of the oil and gas company’s stock valued at $64,420,000 after purchasing an additional 17,656 shares during the last quarter. State Street Corp raised its position in CVR Energy by 25.4% in the 3rd quarter. State Street Corp now owns 2,338,969 shares of the oil and gas company’s stock valued at $67,783,000 after purchasing an additional 474,471 shares during the last quarter. Dimensional Fund Advisors LP raised its position in CVR Energy by 7.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,527,504 shares of the oil and gas company’s stock valued at $44,266,000 after purchasing an additional 99,890 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in CVR Energy by 52.2% in the 1st quarter. Renaissance Technologies LLC now owns 935,984 shares of the oil and gas company’s stock valued at $23,905,000 after purchasing an additional 321,100 shares during the last quarter. Hedge funds and other institutional investors own 95.51% of the company’s stock.

Analyst Ratings Changes

CVI has been the subject of several research reports. StockNews.com initiated coverage on shares of CVR Energy in a research report on Thursday, May 18th. They issued a “buy” rating for the company. UBS Group initiated coverage on shares of CVR Energy in a research report on Wednesday, March 8th. They issued a “neutral” rating and a $36.00 price target for the company.

CVR Energy Stock Performance

Shares of CVI opened at $24.83 on Thursday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 1.22. CVR Energy, Inc. has a 1 year low of $23.02 and a 1 year high of $43.61. The stock has a market capitalization of $2.50 billion, a P/E ratio of 4.43 and a beta of 1.50. The company’s fifty day moving average is $28.08 and its two-hundred day moving average is $31.52.

CVR Energy (NYSE:CVI – Get Rating) last posted its quarterly earnings results on Tuesday, February 21st. The oil and gas company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.28. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.30 billion. CVR Energy had a net margin of 5.23% and a return on equity of 84.70%. On average, sell-side analysts predict that CVR Energy, Inc. will post 3.95 earnings per share for the current year.

CVR Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 22nd. Investors of record on Monday, May 15th were paid a $0.50 dividend. The ex-dividend date was Friday, May 12th. This represents a $2.00 dividend on an annualized basis and a yield of 8.05%. CVR Energy’s payout ratio is 35.65%.

CVR Energy Company Profile

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CVR Energy, Inc is a holding company. The firm engages in the petroleum refining and marketing business. It operates through the Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets high value transportation fuels. The Nitrogen Fertilizer segment markets nitrogen fertilizers primarily in the form of UAN and ammonia.