Picton Mahoney Asset Management acquired a new stake in shares of CVR Energy, Inc. (NYSE:CVI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,400 shares of the oil and gas company’s stock, valued at approximately $1,102,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in shares of CVR Energy during the second quarter valued at approximately $109,000. Bridgeworth LLC bought a new stake in shares of CVR Energy during the second quarter valued at approximately $166,000. Meeder Asset Management Inc. increased its holdings in shares of CVR Energy by 140.8% during the second quarter. Meeder Asset Management Inc. now owns 5,431 shares of the oil and gas company’s stock valued at $201,000 after acquiring an additional 3,176 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of CVR Energy during the second quarter valued at approximately $245,000. Finally, Hartford Investment Management Co. bought a new stake in shares of CVR Energy during the second quarter valued at approximately $280,000. Hedge funds and other institutional investors own 87.38% of the company’s stock.
Several research firms have recently commented on CVI. Citigroup began coverage on CVR Energy in a report on Wednesday, October 31st. They set a “buy” rating and a $48.00 price objective for the company. Goldman Sachs Group downgraded CVR Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $47.00 to $45.00 in a report on Tuesday. Finally, ValuEngine upgraded CVR Energy from a “hold” rating to a “buy” rating in a report on Saturday, July 28th.
Shares of NYSE:CVI opened at $39.98 on Friday. The company has a market cap of $4.20 billion, a P/E ratio of 19.54 and a beta of 1.34. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.59 and a current ratio of 2.30. CVR Energy, Inc. has a 12-month low of $28.14 and a 12-month high of $47.67.
CVR Energy (NYSE:CVI) last announced its earnings results on Wednesday, October 24th. The oil and gas company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.11. The company had revenue of $1.94 billion for the quarter. CVR Energy had a return on equity of 11.10% and a net margin of 5.84%.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 12th. Investors of record on Monday, November 5th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, November 2nd. This represents a $3.00 annualized dividend and a dividend yield of 7.50%.
CVR Energy Company Profile
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through, Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, pet coke, natural gas liquids, slurry, sulfur, gas oil, asphalt, jet fuel, and other products.
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