Arrowstreet Capital Limited Partnership bought a new stake in shares of CVR Energy, Inc. (NYSE:CVI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 30,800 shares of the oil and gas company’s stock, valued at approximately $1,147,000.
A number of other large investors have also added to or reduced their stakes in the business. BlackRock Inc. grew its stake in CVR Energy by 6.0% during the 4th quarter. BlackRock Inc. now owns 1,168,728 shares of the oil and gas company’s stock valued at $43,523,000 after acquiring an additional 66,226 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in CVR Energy during the 4th quarter valued at about $36,145,000. Acadian Asset Management LLC grew its stake in CVR Energy by 57.3% during the 4th quarter. Acadian Asset Management LLC now owns 469,190 shares of the oil and gas company’s stock valued at $17,471,000 after acquiring an additional 170,915 shares in the last quarter. Global X Management Co. LLC grew its stake in CVR Energy by 0.4% during the 4th quarter. Global X Management Co. LLC now owns 404,402 shares of the oil and gas company’s stock valued at $15,060,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC grew its stake in CVR Energy by 4.9% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 402,702 shares of the oil and gas company’s stock valued at $10,430,000 after acquiring an additional 18,818 shares in the last quarter.
Several equities analysts have weighed in on CVI shares. TheStreet raised CVR Energy from a “c+” rating to a “b-” rating in a research note on Tuesday, January 16th. ValuEngine raised CVR Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th.
CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.16. The business had revenue of $1.59 billion during the quarter. CVR Energy had a return on equity of 4.55% and a net margin of 3.91%.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, March 5th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $2.00 annualized dividend and a dividend yield of 6.32%. CVR Energy’s payout ratio is 512.82%.
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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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