CVR Energy, Inc. (NYSE:CVI) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 10.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,502 shares of the oil and gas company’s stock after purchasing an additional 12,750 shares during the quarter. Squarepoint Ops LLC’s holdings in CVR Energy were worth $3,520,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CVI. Norges Bank acquired a new position in shares of CVR Energy during the fourth quarter valued at $11,567,000. US Bancorp DE boosted its stake in CVR Energy by 480.7% during the 4th quarter. US Bancorp DE now owns 19,377 shares of the oil and gas company’s stock valued at $587,000 after purchasing an additional 16,040 shares during the period. TFO Wealth Partners LLC grew its position in CVR Energy by 246,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 4,933 shares of the oil and gas company’s stock worth $149,000 after purchasing an additional 4,931 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of CVR Energy in the fourth quarter valued at approximately $33,000. Finally, Rafferty Asset Management LLC raised its holdings in shares of CVR Energy by 26.0% during the fourth quarter. Rafferty Asset Management LLC now owns 139,610 shares of the oil and gas company’s stock valued at $4,230,000 after buying an additional 28,797 shares during the last quarter. 98.88% of the stock is currently owned by institutional investors.

CVR Energy Trading Up 2.0 %

Shares of CVI stock opened at $23.50 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 1.51. The stock has a 50-day simple moving average of $24.59 and a 200 day simple moving average of $28.08. CVR Energy, Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $38.07. The stock has a market capitalization of $2.36 billion, a P/E ratio of 3.60 and a beta of 1.49.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.39. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company posted $1.64 EPS. The business’s revenue was down 12.0% compared to the same quarter last year. On average, sell-side analysts expect that CVR Energy, Inc. will post 0.5 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a dividend of $0.50 per share. The ex-dividend date was Monday, August 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.51%. CVR Energy’s dividend payout ratio (DPR) is presently 30.67%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CVI. Tudor Pickering raised CVR Energy to a “strong sell” rating in a report on Monday, September 9th. UBS Group decreased their price target on CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Mizuho cut their price objective on shares of CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. JPMorgan Chase & Co. decreased their target price on shares of CVR Energy from $30.00 to $26.00 and set an “underweight” rating for the company in a research report on Tuesday, July 2nd. Finally, Tudor, Pickering, Holt & Co. downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $26.50.

CVR Energy 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.