Vanguard Group Inc. Buys 106,906 Shares of CVR Energy Inc. $CVI

Vanguard Group Inc. grew its stake in shares of CVR Energy Inc. (NYSE:CVI) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,705,809 shares of the oil and gas company’s stock after buying an additional 106,906 shares during the period. Vanguard Group Inc.’s holdings in CVR Energy were worth $94,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. raised its position in shares of CVR Energy by 33.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,364,250 shares of the oil and gas company’s stock valued at $49,768,000 after buying an additional 345,758 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of CVR Energy by 21,261.8% during the third quarter. BNP Paribas Financial Markets now owns 776,073 shares of the oil and gas company’s stock valued at $28,311,000 after buying an additional 772,440 shares during the last quarter. Bank of America Corp DE raised its position in shares of CVR Energy by 101.2% during the third quarter. Bank of America Corp DE now owns 706,504 shares of the oil and gas company’s stock valued at $25,773,000 after buying an additional 355,412 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of CVR Energy during the third quarter valued at approximately $22,217,000. Finally, Goldman Sachs Group Inc. raised its position in shares of CVR Energy by 14.8% during the first quarter. Goldman Sachs Group Inc. now owns 496,650 shares of the oil and gas company’s stock valued at $9,635,000 after buying an additional 63,909 shares during the last quarter. Institutional investors own 98.88% of the company’s stock.

CVR Energy Trading Down 1.3%

Shares of CVI opened at $33.94 on Thursday. The company’s fifty day moving average is $31.39 and its 200 day moving average is $29.62. CVR Energy Inc. has a fifty-two week low of $19.62 and a fifty-two week high of $41.67. The stock has a market capitalization of $3.41 billion, a PE ratio of -78.94 and a beta of 0.83. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.89 and a current ratio of 1.44.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.54) by ($0.70). CVR Energy had a negative return on equity of 22.36% and a negative net margin of 0.56%.The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm posted ($0.58) EPS. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. Sell-side analysts expect that CVR Energy Inc. will post 0.88 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 18th. Investors of record on Monday, May 11th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, May 11th. CVR Energy’s payout ratio is currently -93.02%.

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn acquired 275,012 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were acquired at an average price of $21.41 per share, for a total transaction of $5,888,006.92. Following the completion of the transaction, the insider directly owned 71,201,875 shares of the company’s stock, valued at approximately $1,524,432,143.75. The trade was a 0.39% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 783,404 shares of company stock worth $16,445,044 in the last quarter. Insiders own 0.01% of the company’s stock.

Analysts Set New Price Targets

CVI has been the topic of several recent analyst reports. Scotiabank lifted their price objective on shares of CVR Energy from $25.00 to $28.00 and gave the company a “sector underperform” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group initiated coverage on shares of CVR Energy in a research report on Friday, April 10th. They set a “sell” rating and a $30.00 price objective on the stock. Raymond James Financial upgraded shares of CVR Energy from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 25th. Mizuho boosted their price target on shares of CVR Energy from $28.00 to $32.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 17th. Finally, Weiss Ratings upgraded shares of CVR Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Sell” and an average price target of $31.75.

CVR Energy Company Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.