BNP Paribas Financial Markets Has $15.64 Million Holdings in CVR Energy Inc. $CVI

BNP Paribas Financial Markets lessened its holdings in shares of CVR Energy Inc. (NYSE:CVI) by 20.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 614,765 shares of the oil and gas company’s stock after selling 161,308 shares during the quarter. BNP Paribas Financial Markets’ holdings in CVR Energy were worth $15,640,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of CVR Energy during the 3rd quarter worth approximately $50,000. Exchange Traded Concepts LLC acquired a new position in shares of CVR Energy during the 4th quarter worth approximately $47,000. Horizon Investments LLC acquired a new position in shares of CVR Energy during the 4th quarter worth approximately $47,000. Raymond James Financial Inc. acquired a new position in shares of CVR Energy during the 2nd quarter worth approximately $53,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of CVR Energy during the 4th quarter worth approximately $103,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

Wall Street Analyst Weigh In

CVI has been the topic of a number of analyst reports. Mizuho increased their target price on shares of CVR Energy from $32.00 to $35.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group began coverage on shares of CVR Energy in a research report on Friday, April 10th. They set a “sell” rating and a $30.00 price target on the stock. Raymond James Financial upgraded shares of CVR Energy from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings lowered shares of CVR Energy from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, CVR Energy presently has a consensus rating of “Strong Sell” and an average target price of $32.50.

CVR Energy Price Performance

Shares of NYSE:CVI opened at $33.18 on Friday. The company has a market cap of $3.34 billion, a price-to-earnings ratio of -77.16 and a beta of 0.80. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.44 and a quick ratio of 0.89. The firm has a 50 day simple moving average of $32.84 and a 200 day simple moving average of $29.22. CVR Energy Inc. has a one year low of $19.62 and a one year high of $41.67.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.54) by ($0.70). The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.73 billion. CVR Energy had a negative net margin of 0.56% and a negative return on equity of 22.36%. CVR Energy’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.58) EPS. Research analysts predict that CVR Energy Inc. will post 1.04 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 18th. Investors of record on Monday, May 11th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.40 annualized dividend and a yield of 1.2%. CVR Energy’s dividend payout ratio is presently -93.02%.

CVR Energy Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.