CVR Energy Inc. $CVI Shares Purchased by Neo Ivy Capital Management

Neo Ivy Capital Management increased its position in CVR Energy Inc. (NYSE:CVI) by 165.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,340 shares of the oil and gas company’s stock after acquiring an additional 40,721 shares during the period. Neo Ivy Capital Management’s holdings in CVR Energy were worth $2,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CVI. Icon Advisers Inc. Co. grew its stake in CVR Energy by 39.2% during the 3rd quarter. Icon Advisers Inc. Co. now owns 110,000 shares of the oil and gas company’s stock valued at $4,013,000 after purchasing an additional 31,000 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of CVR Energy by 2.9% in the third quarter. Victory Capital Management Inc. now owns 21,329 shares of the oil and gas company’s stock worth $778,000 after purchasing an additional 596 shares during the last quarter. Kennondale Capital Management LLC lifted its holdings in shares of CVR Energy by 10.2% during the third quarter. Kennondale Capital Management LLC now owns 36,235 shares of the oil and gas company’s stock worth $1,322,000 after purchasing an additional 3,348 shares during the period. Kingsview Wealth Management LLC purchased a new stake in CVR Energy in the third quarter valued at approximately $226,000. Finally, Quantbot Technologies LP boosted its position in CVR Energy by 3,180.1% in the third quarter. Quantbot Technologies LP now owns 139,406 shares of the oil and gas company’s stock valued at $5,086,000 after buying an additional 135,156 shares during the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

Insider Activity

In other news, major shareholder Carl C. Icahn purchased 275,012 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were purchased at an average cost of $21.41 per share, with a total value of $5,888,006.92. Following the completion of the acquisition, the insider owned 71,201,875 shares of the company’s stock, valued at approximately $1,524,432,143.75. This represents a 0.39% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have acquired 783,404 shares of company stock valued at $16,445,044. Insiders own 0.01% of the company’s stock.

CVR Energy Stock Down 0.9%

CVR Energy stock opened at $26.83 on Friday. The business’s 50-day moving average price is $23.74 and its 200 day moving average price is $30.11. The company has a quick ratio of 1.13, a current ratio of 1.79 and a debt-to-equity ratio of 1.95. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 103.20 and a beta of 1.12. CVR Energy Inc. has a 52 week low of $15.10 and a 52 week high of $41.67.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Wednesday, February 18th. The oil and gas company reported ($0.80) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.84) by $0.04. CVR Energy had a negative return on equity of 14.31% and a net margin of 0.38%.The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the company posted ($0.13) earnings per share. CVR Energy’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, sell-side analysts anticipate that CVR Energy Inc. will post -0.12 earnings per share for the current year.

CVR Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, March 2nd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Monday, March 2nd.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings lowered shares of CVR Energy from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, CVR Energy currently has an average rating of “Strong Sell” and an average price target of $29.25.

About CVR Energy

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.