Global X Management Co. LLC increased its position in CVR Energy Inc. (NYSE:CVI) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 383,884 shares of the oil and gas company’s stock after buying an additional 17,313 shares during the period. Global X Management Co. LLC’s holdings in CVR Energy were worth $8,353,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of CVR Energy by 6.0% in the first quarter. Public Employees Retirement System of Ohio now owns 9,293 shares of the oil and gas company’s stock worth $187,000 after buying an additional 530 shares in the last quarter. American International Group Inc. boosted its position in shares of CVR Energy by 5.9% in the first quarter. American International Group Inc. now owns 11,285 shares of the oil and gas company’s stock worth $227,000 after buying an additional 628 shares in the last quarter. Creative Planning boosted its position in shares of CVR Energy by 39.4% in the second quarter. Creative Planning now owns 6,550 shares of the oil and gas company’s stock worth $143,000 after buying an additional 1,850 shares in the last quarter. US Bancorp DE boosted its position in shares of CVR Energy by 18.0% in the second quarter. US Bancorp DE now owns 13,054 shares of the oil and gas company’s stock worth $284,000 after buying an additional 1,989 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of CVR Energy by 1.8% in the first quarter. Geode Capital Management LLC now owns 118,803 shares of the oil and gas company’s stock worth $2,385,000 after buying an additional 2,138 shares in the last quarter. 98.13% of the stock is currently owned by hedge funds and other institutional investors.
CVR Energy Inc. (CVI) opened at 17.06 on Friday. CVR Energy Inc. has a 1-year low of $12.03 and a 1-year high of $25.91. The stock has a market cap of $1.48 billion, a PE ratio of 62.26 and a beta of 1.72. The firm’s 50-day moving average price is $20.88 and its 200 day moving average price is $20.97.
CVR Energy (NYSE:CVI) last released its earnings results on Thursday, July 27th. The oil and gas company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.07. The firm had revenue of $1.43 billion for the quarter. CVR Energy had a return on equity of 2.10% and a net margin of 0.44%. Equities research analysts expect that CVR Energy Inc. will post $0.29 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.72%. The ex-dividend date is Thursday, August 3rd. CVR Energy’s dividend payout ratio is currently 714.31%.
A number of brokerages recently weighed in on CVI. BidaskClub raised CVR Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. ValuEngine raised CVR Energy from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $14.50.
About CVR Energy
CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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