CVR Energy Inc. $CVI Stock Position Raised by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its holdings in shares of CVR Energy Inc. (NYSE:CVI) by 662.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,582 shares of the oil and gas company’s stock after acquiring an additional 50,025 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in CVR Energy were worth $1,937,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CVI. Aster Capital Management DIFC Ltd bought a new position in shares of CVR Energy during the fourth quarter valued at approximately $40,000. Exchange Traded Concepts LLC acquired a new position in CVR Energy during the 4th quarter valued at approximately $47,000. Horizon Investments LLC acquired a new position in CVR Energy during the 4th quarter valued at approximately $47,000. Quarry LP acquired a new position in CVR Energy during the 3rd quarter valued at approximately $50,000. Finally, Raymond James Financial Inc. bought a new position in CVR Energy during the 2nd quarter worth $53,000. Institutional investors own 98.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wall Street Zen raised CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Mizuho lowered their price target on shares of CVR Energy from $35.00 to $28.00 and set an “underperform” rating for the company in a research report on Tuesday, July 7th. Raymond James Financial raised shares of CVR Energy from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 25th. Weiss Ratings downgraded shares of CVR Energy from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Finally, 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. Two equities research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Strong Sell” and an average target price of $30.25.

CVR Energy Trading Down 3.0%

NYSE:CVI opened at $32.57 on Thursday. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of -75.74 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 Inc. has a 1 year low of $19.62 and a 1 year high of $41.67. The business has a fifty day moving average of $31.26 and a 200-day moving average of $28.67.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data 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). The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.73 billion. CVR Energy had a negative return on equity of 22.36% and a negative net margin of 0.56%.The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.58) EPS. Equities analysts predict that CVR Energy Inc. will post -0.21 earnings per share for the current year.

CVR Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 11th were issued a $0.10 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. CVR Energy’s dividend payout ratio (DPR) is -93.02%.

CVR Energy 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.