Strs Ohio lessened its position in shares of CVR Energy, Inc. (NYSE:CVI) by 10.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,300 shares of the oil and gas company’s stock after selling 2,300 shares during the period. Strs Ohio’s holdings in CVR Energy were worth $776,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in CVR Energy by 6.6% during the 1st quarter. BlackRock Inc. now owns 1,245,580 shares of the oil and gas company’s stock worth $37,642,000 after acquiring an additional 76,852 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of CVR Energy by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 931,127 shares of the oil and gas company’s stock worth $34,441,000 after buying an additional 85,789 shares during the last quarter. Northern Trust Corp lifted its position in shares of CVR Energy by 42.0% during the 2nd quarter. Northern Trust Corp now owns 313,795 shares of the oil and gas company’s stock worth $11,608,000 after buying an additional 92,754 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of CVR Energy by 7.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 288,334 shares of the oil and gas company’s stock worth $10,666,000 after buying an additional 20,034 shares during the last quarter. Finally, Natixis purchased a new stake in shares of CVR Energy during the 2nd quarter worth approximately $8,003,000. Institutional investors own 87.38% of the company’s stock.
Several brokerages have recently weighed in on CVI. Goldman Sachs Group downgraded shares of CVR Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $47.00 to $45.00 in a research report on Tuesday. ValuEngine downgraded shares of CVR Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Finally, Citigroup began coverage on shares of CVR Energy in a research report on Wednesday, October 31st. They set a “buy” rating and a $48.00 price objective for the company.
Shares of NYSE:CVI opened at $39.76 on Wednesday. The company has a market cap of $4.23 billion, a PE ratio of 19.68 and a beta of 1.34. The company has a quick ratio of 1.59, a current ratio of 2.30 and a debt-to-equity ratio of 0.63. CVR Energy, Inc. has a twelve month low of $28.14 and a twelve month high of $47.67.
CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.11. The business had revenue of $1.94 billion during the quarter. CVR Energy had a net margin of 5.84% and a return on equity of 11.10%.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 12th. Stockholders of record on Monday, November 5th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $3.00 annualized dividend and a dividend yield of 7.55%.
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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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