State Board of Administration of Florida Retirement System reduced its position in CVR Energy Inc. (NYSE:CVI) by 76.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,165 shares of the oil and gas company’s stock after selling 45,776 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in CVR Energy were worth $367,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of CVI. American International Group Inc. lifted its stake in shares of CVR Energy by 5.9% during the first quarter. American International Group Inc. now owns 11,285 shares of the oil and gas company’s stock worth $227,000 after buying an additional 628 shares during the period. Alliancebernstein L.P. lifted its stake in shares of CVR Energy by 42.9% during the first quarter. Alliancebernstein L.P. now owns 30,000 shares of the oil and gas company’s stock worth $602,000 after buying an additional 9,000 shares during the period. Legal & General Group Plc lifted its stake in shares of CVR Energy by 37.3% during the first quarter. Legal & General Group Plc now owns 17,789 shares of the oil and gas company’s stock worth $358,000 after buying an additional 4,831 shares during the period. Vanguard Group Inc. lifted its stake in shares of CVR Energy by 4.1% during the first quarter. Vanguard Group Inc. now owns 1,528,815 shares of the oil and gas company’s stock worth $30,699,000 after buying an additional 59,839 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of CVR Energy by 1.8% during the first quarter. Geode Capital Management LLC now owns 118,803 shares of the oil and gas company’s stock worth $2,385,000 after buying an additional 2,138 shares during the period. Institutional investors and hedge funds own 99.59% of the company’s stock.
CVR Energy Inc. (NYSE CVI) opened at $31.36 on Tuesday. The stock has a market cap of $2,710.00, a price-to-earnings ratio of 48.83 and a beta of 1.73. CVR Energy Inc. has a 1 year low of $16.04 and a 1 year high of $32.42. The company has a current ratio of 2.24, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72.
CVR Energy (NYSE:CVI) last posted its earnings results on Wednesday, November 1st. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The company had revenue of $1.45 billion during the quarter. CVR Energy had a net margin of 0.71% and a return on equity of 3.37%.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 10th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.38%. CVR Energy’s dividend payout ratio (DPR) is currently 425.53%.
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A number of research analysts recently issued reports on CVI shares. BidaskClub downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine downgraded shares of CVR Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 5th.
CVR Energy Profile
CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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