Guggenheim Capital LLC increased its holdings in shares of CVR Refining (NYSE:CVRR) by 698.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 197,967 shares of the oil and gas company’s stock after acquiring an additional 173,167 shares during the quarter. Guggenheim Capital LLC owned approximately 0.13% of CVR Refining worth $3,276,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Bank of Montreal Can lifted its holdings in CVR Refining by 14.2% during the fourth quarter. Bank of Montreal Can now owns 46,489 shares of the oil and gas company’s stock worth $769,000 after acquiring an additional 5,789 shares during the period. Cetera Advisors LLC bought a new stake in shares of CVR Refining in the fourth quarter valued at $261,000. Russell Investments Group Ltd. raised its stake in shares of CVR Refining by 32.7% in the third quarter. Russell Investments Group Ltd. now owns 79,712 shares of the oil and gas company’s stock valued at $785,000 after buying an additional 19,655 shares during the period. Geode Capital Management LLC bought a new stake in shares of CVR Refining in the fourth quarter valued at $386,000. Finally, Wells Fargo & Company MN raised its stake in shares of CVR Refining by 14.1% in the fourth quarter. Wells Fargo & Company MN now owns 203,563 shares of the oil and gas company’s stock valued at $3,369,000 after buying an additional 25,196 shares during the period. Institutional investors and hedge funds own 14.36% of the company’s stock.
Shares of NYSE CVRR opened at $14.50 on Friday. The firm has a market capitalization of $2,125.44, a PE ratio of 24.17 and a beta of 1.35. CVR Refining has a fifty-two week low of $6.70 and a fifty-two week high of $18.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.45 and a quick ratio of 0.76.
CVR Refining (NYSE:CVRR) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.50). The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.19 billion. CVR Refining had a net margin of 1.57% and a return on equity of 6.62%. CVR Refining’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) earnings per share. equities research analysts predict that CVR Refining will post 1.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, March 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 12.41%. The ex-dividend date was Friday, March 2nd. CVR Refining’s payout ratio is 300.00%.
CVRR has been the topic of several research reports. ValuEngine upgraded CVR Refining from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Barclays restated a “hold” rating and issued a $17.00 target price on shares of CVR Refining in a research note on Wednesday, January 10th. Citigroup boosted their target price on CVR Refining from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Zacks Investment Research lowered CVR Refining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Finally, Tudor Pickering lowered CVR Refining from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.90.
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CVR Refining Profile
CVR Refining, LP operates as an independent petroleum refiner and marketer of transportation fuels in the United States. The company owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas; and a complex crude oil refinery in Wynnewood, Oklahoma. It also controls and operates logistics assets, including approximately 570 miles of owned and leased pipelines; approximately 130 crude oil transports; a network of crude oil gathering tank farms; and approximately 6.4 million barrels of owned and leased crude oil storage capacity, as well as approximately 4.6 million barrels of combined refined products and feedstocks storage capacity.
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