Commonwealth Bank of Australia trimmed its holdings in shares of CVR Energy Inc. (NYSE:CVI) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,700 shares of the oil and gas company’s stock after selling 1,600 shares during the quarter. Commonwealth Bank of Australia owned 0.11% of CVR Energy worth $2,169,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in CVR Energy by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 1,528,815 shares of the oil and gas company’s stock worth $30,699,000 after acquiring an additional 59,839 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in CVR Energy by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,425,052 shares of the oil and gas company’s stock worth $28,615,000 after acquiring an additional 31,156 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in CVR Energy by 4.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,394,239 shares of the oil and gas company’s stock worth $30,339,000 after acquiring an additional 59,515 shares during the last quarter. Acadian Asset Management LLC grew its holdings in CVR Energy by 429.5% during the 2nd quarter. Acadian Asset Management LLC now owns 400,571 shares of the oil and gas company’s stock worth $8,716,000 after acquiring an additional 324,918 shares during the last quarter. Finally, Global X Management Co. LLC grew its holdings in CVR Energy by 4.7% during the 2nd quarter. Global X Management Co. LLC now owns 383,884 shares of the oil and gas company’s stock worth $8,353,000 after acquiring an additional 17,313 shares during the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.
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A number of research firms have weighed in on CVI. BidaskClub raised shares of CVR Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. ValuEngine raised shares of CVR Energy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th.
Shares of CVR Energy Inc. (NYSE CVI) opened at 22.75 on Tuesday. The firm’s 50-day moving average is $19.62 and its 200-day moving average is $20.53. CVR Energy Inc. has a 12-month low of $12.03 and a 12-month high of $25.91. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 83.03 and a beta of 1.69.
CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.07. The firm had revenue of $1.43 billion for the quarter. CVR Energy had a net margin of 0.44% and a return on equity of 2.10%. On average, equities analysts predict that CVR Energy Inc. will post $0.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.79%. The ex-dividend date was Thursday, August 3rd. CVR Energy’s dividend payout ratio (DPR) is presently 714.31%.
CVR Energy Company Profile
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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