CVR Energy Inc. $CVI Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC increased its stake in shares of CVR Energy Inc. (NYSE:CVI) by 95.0% in the second quarter, HoldingsChannel.com reports. The firm owned 218,382 shares of the oil and gas company’s stock after buying an additional 106,406 shares during the period. Squarepoint Ops LLC’s holdings in CVR Energy were worth $6,014,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nykredit A S purchased a new stake in CVR Energy in the second quarter valued at approximately $29,000. EverSource Wealth Advisors LLC boosted its position in shares of CVR Energy by 44.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock worth $37,000 after buying an additional 339 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of CVR Energy by 51.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 388 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of CVR Energy in the fourth quarter valued at $40,000. Finally, Quarry LP purchased a new stake in shares of CVR Energy in the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Stock Up 2.3%

CVI stock opened at $49.72 on Friday. The company’s 50 day moving average price is $36.69 and its 200 day moving average price is $32.77. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.92 and a current ratio of 1.42. CVR Energy Inc. has a fifty-two week low of $19.62 and a fifty-two week high of $52.40. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 73.11 and a beta of 0.85.

CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. CVR Energy had a net margin of 0.81% and a negative return on equity of 15.21%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. The firm’s quarterly revenue was up 55.5% on a year-over-year basis. On average, equities research analysts anticipate that CVR Energy Inc. will post 0.79 EPS for the current fiscal year.

CVR Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, August 10th. CVR Energy’s dividend payout ratio (DPR) is presently 58.82%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group reissued a “neutral” rating and set a $35.00 target price on shares of CVR Energy in a research note on Monday, June 29th. Zacks Research raised CVR Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of CVR Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Tudor Pickering cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Thursday, June 4th. Finally, Mizuho raised their price objective on shares of CVR Energy from $28.00 to $29.00 and gave the company an “underperform” rating in a research note on Tuesday, August 4th. Three investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, CVR Energy has a consensus rating of “Strong Sell” and a consensus target price of $30.50.

About CVR Energy

CVR Energy, Inc (NYSE:CVI) is a diversified energy company that operates through its petroleum refining and nitrogen fertilizer businesses. The company’s operations are primarily located in the Mid-Continent region of the United States.

Through its petroleum segment, CVR Energy owns and operates refineries in Coffeyville, Kansas, and Wynnewood, Oklahoma. These facilities process crude oil into transportation fuels and other refined products, including gasoline, diesel fuel, jet fuel, and asphalt.