Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,106 Shares of CVR Energy, Inc. (NYSE:CVI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in CVR Energy, Inc. (NYSE:CVI) by 19.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,810 shares of the oil and gas company’s stock after acquiring an additional 1,106 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CVR Energy were worth $206,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its holdings in CVR Energy by 57.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 924,541 shares of the oil and gas company’s stock worth $31,462,000 after purchasing an additional 338,393 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in CVR Energy by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 543,178 shares of the oil and gas company’s stock worth $18,484,000 after acquiring an additional 14,357 shares in the last quarter. Cambria Investment Management L.P. grew its holdings in CVR Energy by 8.5% in the third quarter. Cambria Investment Management L.P. now owns 390,857 shares of the oil and gas company’s stock worth $13,301,000 after purchasing an additional 30,513 shares during the period. American Century Companies Inc. increased its stake in shares of CVR Energy by 4.9% during the third quarter. American Century Companies Inc. now owns 389,394 shares of the oil and gas company’s stock valued at $13,251,000 after purchasing an additional 18,219 shares in the last quarter. Finally, Tudor Investment Corp Et Al purchased a new position in shares of CVR Energy during the third quarter valued at approximately $8,875,000. Hedge funds and other institutional investors own 98.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. StockNews.com raised CVR Energy from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Scotiabank lifted their price target on CVR Energy from $25.00 to $29.00 and gave the stock a “sector underperform” rating in a research report on Thursday, April 11th.

CVR Energy Price Performance

Shares of CVI opened at $29.23 on Wednesday. CVR Energy, Inc. has a twelve month low of $22.60 and a twelve month high of $39.36. The company has a market capitalization of $2.94 billion, a P/E ratio of 4.48 and a beta of 1.59. The firm has a 50 day moving average of $33.97 and a 200 day moving average of $32.68. The company has a quick ratio of 0.91, a current ratio of 1.49 and a debt-to-equity ratio of 1.48.

CVR Energy (NYSE:CVI) last posted its earnings results on Monday, April 29th. The oil and gas company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.96 billion. CVR Energy had a return on equity of 40.14% and a net margin of 7.44%. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.44 EPS. As a group, equities research analysts anticipate that CVR Energy, Inc. will post 2.4 earnings per share for the current fiscal year.

CVR Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.84%. The ex-dividend date of this dividend is Friday, May 10th. CVR Energy’s dividend payout ratio is currently 30.67%.

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.