Swiss National Bank Acquires 3,100 Shares of CVR Energy, Inc. (NYSE:CVI)

Swiss National Bank increased its stake in CVR Energy, Inc. (NYSE:CVI) by 4.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 69,400 shares of the oil and gas company’s stock after purchasing an additional 3,100 shares during the quarter. Swiss National Bank’s holdings in CVR Energy were worth $2,103,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of CVI. Jacobs Levy Equity Management Inc. raised its stake in CVR Energy by 57.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 924,541 shares of the oil and gas company’s stock worth $31,462,000 after acquiring an additional 338,393 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of CVR Energy by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 543,178 shares of the oil and gas company’s stock valued at $18,484,000 after buying an additional 14,357 shares in the last quarter. Cambria Investment Management L.P. boosted its holdings in CVR Energy by 8.5% in the 3rd quarter. Cambria Investment Management L.P. now owns 390,857 shares of the oil and gas company’s stock worth $13,301,000 after buying an additional 30,513 shares during the period. American Century Companies Inc. boosted its holdings in CVR Energy by 4.9% in the 3rd quarter. American Century Companies Inc. now owns 389,394 shares of the oil and gas company’s stock worth $13,251,000 after buying an additional 18,219 shares during the period. Finally, Tudor Investment Corp Et Al purchased a new stake in CVR Energy in the 3rd quarter worth $8,875,000. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

CVR Energy Stock Up 0.2 %

Shares of CVI opened at $29.77 on Friday. The firm has a fifty day moving average price of $32.97 and a 200-day moving average price of $32.42. The company has a current ratio of 1.49, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $2.99 billion, a P/E ratio of 4.57 and a beta of 1.58. CVR Energy, Inc. has a 12-month low of $22.60 and a 12-month high of $39.36.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Monday, April 29th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09). CVR Energy had a return on equity of 40.14% and a net margin of 7.44%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the company posted $1.44 EPS. CVR Energy’s quarterly revenue was down 18.5% compared to the same quarter last year. Equities research analysts expect that CVR Energy, Inc. will post 1.78 earnings per share for the current year.

CVR Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.00 annualized dividend and a yield of 6.72%. CVR Energy’s dividend payout ratio (DPR) is presently 30.67%.

Analysts Set New Price Targets

Several research firms have weighed in on CVI. UBS Group dropped their price target on CVR Energy from $37.00 to $33.75 and set a “neutral” rating for the company in a research note on Tuesday, May 14th. StockNews.com upgraded shares of CVR Energy from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Scotiabank lifted their price target on shares of CVR Energy from $25.00 to $29.00 and gave the company a “sector underperform” rating in a report on Thursday, April 11th.

CVR Energy Company Profile

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.