Nisa Investment Advisors LLC Grows Position in CVR Energy, Inc. (NYSE:CVI)

Nisa Investment Advisors LLC grew its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 61.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,220 shares of the oil and gas company’s stock after purchasing an additional 6,195 shares during the quarter. Nisa Investment Advisors LLC’s holdings in CVR Energy were worth $491,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of CVR Energy by 103.1% during the third quarter. Tower Research Capital LLC TRC now owns 1,862 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 945 shares during the period. Money Concepts Capital Corp lifted its stake in CVR Energy by 145.4% in the fourth quarter. Money Concepts Capital Corp now owns 2,226 shares of the oil and gas company’s stock worth $70,000 after acquiring an additional 1,319 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in CVR Energy in the first quarter worth $79,000. IFP Advisors Inc purchased a new stake in CVR Energy in the third quarter worth $91,000. Finally, Great West Life Assurance Co. Can lifted its stake in CVR Energy by 28.0% in the first quarter. Great West Life Assurance Co. Can now owns 3,752 shares of the oil and gas company’s stock worth $102,000 after acquiring an additional 821 shares during the period. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Stock Performance

Shares of CVI stock opened at $33.40 on Thursday. The stock has a fifty day moving average of $34.76 and a 200 day moving average of $32.70. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 4.37 and a beta of 1.57. CVR Energy, Inc. has a 52 week low of $22.60 and a 52 week high of $39.36.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Tuesday, February 20th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.40. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.26 billion. CVR Energy had a return on equity of 55.17% and a net margin of 8.32%. As a group, research analysts expect that CVR Energy, Inc. will post 2.7 earnings per share for the current year.

CVR Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.00 dividend on an annualized basis and a yield of 5.99%. CVR Energy’s dividend payout ratio (DPR) is 26.14%.

Analysts Set New Price Targets

A number of brokerages recently commented on CVI. StockNews.com lowered CVR Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Scotiabank raised their price target on CVR Energy from $25.00 to $29.00 and gave the stock a “sector underperform” rating in a research note on Thursday, April 11th.

About CVR Energy

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.