California Public Employees Retirement System trimmed its position in shares of CVR Energy, Inc. (NYSE:CVI) by 25.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,649 shares of the oil and gas company’s stock after selling 40,215 shares during the quarter. California Public Employees Retirement System’s holdings in CVR Energy were worth $3,646,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Teacher Retirement System of Texas purchased a new stake in CVR Energy in the 4th quarter valued at $220,000. UBS Asset Management Americas Inc. purchased a new stake in CVR Energy in the 4th quarter valued at $220,000. Great West Life Assurance Co. Can grew its holdings in CVR Energy by 167.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 8,212 shares of the oil and gas company’s stock valued at $248,000 after buying an additional 5,140 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in CVR Energy in the 4th quarter valued at $330,000. Finally, Hanseatic Management Services Inc. purchased a new stake in CVR Energy in the 4th quarter valued at $406,000.
Shares of NYSE:CVI opened at $36.99 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.20 and a quick ratio of 1.38. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 36.24 and a beta of 1.62. CVR Energy, Inc. has a 52-week low of $16.75 and a 52-week high of $47.67.
CVR Energy (NYSE:CVI) last issued its earnings results on Thursday, April 26th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.44. The company had revenue of $1.54 billion during the quarter. CVR Energy had a return on equity of 5.18% and a net margin of 4.63%.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 13th. Shareholders of record on Monday, August 6th will be issued a $0.75 dividend. This is a boost from CVR Energy’s previous quarterly dividend of $0.50. This represents a $3.00 annualized dividend and a yield of 8.11%. The ex-dividend date of this dividend is Friday, August 3rd.
CVR Energy Profile
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through, Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, pet coke, natural gas liquids, slurry, sulfur, gas oil, asphalt, jet fuel, and other products.
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