CVR Energy Inc. $CVI Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its holdings in shares of CVR Energy Inc. (NYSE:CVI) by 3.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,598,903 shares of the oil and gas company’s stock after selling 114,080 shares during the period. Vanguard Group Inc. owned 3.58% of CVR Energy worth $131,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allianz Asset Management GmbH grew its holdings in shares of CVR Energy by 69.3% during the third quarter. Allianz Asset Management GmbH now owns 458,214 shares of the oil and gas company’s stock worth $16,716,000 after buying an additional 187,620 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of CVR Energy by 50.2% in the second quarter. Bank of America Corp DE now owns 351,092 shares of the oil and gas company’s stock valued at $9,427,000 after acquiring an additional 117,305 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in CVR Energy by 249.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 149,748 shares of the oil and gas company’s stock valued at $4,021,000 after purchasing an additional 106,854 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in CVR Energy by 38.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 380,127 shares of the oil and gas company’s stock valued at $13,867,000 after purchasing an additional 106,350 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of CVR Energy during the 2nd quarter worth approximately $2,770,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CVI shares. Wall Street Zen lowered CVR Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings cut shares of CVR Energy from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and an average target price of $29.25.

CVR Energy Price Performance

CVR Energy stock opened at $25.00 on Wednesday. The firm has a market capitalization of $2.51 billion, a PE ratio of 96.16 and a beta of 1.12. CVR Energy Inc. has a 52 week low of $15.10 and a 52 week high of $41.67. The firm’s 50-day simple moving average is $23.70 and its 200 day simple moving average is $30.16. The company has a quick ratio of 1.13, a current ratio of 1.79 and a debt-to-equity ratio of 1.95.

CVR Energy (NYSE:CVI) last announced its earnings results on Wednesday, February 18th. The oil and gas company reported ($0.80) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.04. CVR Energy had a net margin of 0.38% and a negative return on equity of 14.31%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the business posted ($0.13) earnings per share. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, equities research analysts predict that CVR Energy Inc. will post -0.12 EPS for the current fiscal year.

CVR Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.48 annualized dividend and a yield of 5.9%.

Insider Buying and Selling at CVR Energy

In related news, major shareholder Carl C. Icahn acquired 275,012 shares of CVR Energy stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average cost of $21.41 per share, for a total transaction of $5,888,006.92. Following the completion of the transaction, the insider directly owned 71,201,875 shares of the company’s stock, valued at $1,524,432,143.75. The trade was a 0.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders acquired 783,404 shares of company stock valued at $16,445,044 over the last ninety days. Insiders own 0.01% of the company’s stock.

CVR Energy Company 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.