Stifel Financial Corp Grows Position in CVR Refining LP (CVRR)

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Stifel Financial Corp lifted its stake in CVR Refining LP (NYSE:CVRR) by 25.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,522 shares of the oil and gas company’s stock after buying an additional 6,275 shares during the period. Stifel Financial Corp’s holdings in CVR Refining were worth $313,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CVRR. FMR LLC raised its stake in CVR Refining by 64.1% during the 3rd quarter. FMR LLC now owns 959,419 shares of the oil and gas company’s stock valued at $18,901,000 after purchasing an additional 374,702 shares during the period. Renaissance Technologies LLC acquired a new position in shares of CVR Refining in the third quarter worth $236,000. Jane Street Group LLC increased its stake in shares of CVR Refining by 63.9% in the third quarter. Jane Street Group LLC now owns 32,771 shares of the oil and gas company’s stock worth $646,000 after acquiring an additional 12,771 shares during the last quarter. Navellier & Associates Inc acquired a new position in shares of CVR Refining in the fourth quarter worth $379,000. Finally, Bank of Montreal Can acquired a new position in shares of CVR Refining in the fourth quarter worth $1,026,000. 7.54% of the stock is owned by hedge funds and other institutional investors.

CVRR stock opened at $10.49 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.94 and a quick ratio of 1.22. CVR Refining LP has a 52-week low of $8.30 and a 52-week high of $26.00. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 4.43 and a beta of 1.66.

A number of research firms have recently weighed in on CVRR. Barclays reaffirmed a “sell” rating and issued a $12.00 price target on shares of CVR Refining in a research note on Friday, January 11th. TheStreet cut shares of CVR Refining from a “b-” rating to a “c+” rating in a report on Thursday, January 17th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.50.

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CVR Refining Profile

CVR Refining, LP operates as an independent petroleum refiner and marketer of transportation fuels in the United States. The company owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas; and a complex crude oil refinery in Wynnewood, Oklahoma. It also controls and operates logistics assets, including approximately 570 miles of owned and leased pipelines; approximately 130 crude oil transports; a network of crude oil gathering tank farms; and approximately 6.4 million barrels of owned and leased crude oil storage capacity, as well as approximately 4.6 million barrels of combined refined products and feedstocks storage capacity.

Read More: What are retained earnings?

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Institutional Ownership by Quarter for CVR Refining (NYSE:CVRR)

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