CVR Energy Inc. $CVI Holdings Decreased by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in shares of CVR Energy Inc. (NYSE:CVI) by 63.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 50,101 shares of the oil and gas company’s stock after selling 88,172 shares during the quarter. Wellington Management Group LLP’s holdings in CVR Energy were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CVI. EverSource Wealth Advisors LLC boosted its holdings in CVR Energy by 44.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 339 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of CVR Energy by 51.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 388 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of CVR Energy in the 4th quarter worth about $40,000. Quarry LP bought a new position in shares of CVR Energy in the 3rd quarter worth about $50,000. Finally, Raymond James Financial Inc. acquired a new position in shares of CVR Energy in the 2nd quarter valued at about $53,000. 98.88% of the stock is currently owned by institutional investors.

CVR Energy Stock Up 2.3%

CVR Energy stock opened at $49.72 on Friday. The company has a 50-day simple moving average of $36.69 and a 200-day simple moving average of $32.77. The firm has a market capitalization of $5.00 billion, a P/E ratio of 73.11 and a beta of 0.85. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.92 and a current ratio of 1.42. CVR Energy Inc. has a one year low of $19.62 and a one year high of $52.40.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.08. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.22 billion. CVR Energy had a net margin of 0.81% and a negative return on equity of 15.21%. CVR Energy’s quarterly revenue was up 55.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.23) EPS. As a group, equities analysts expect that CVR Energy Inc. will post 0.79 earnings per share for the current year.

CVR Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. CVR Energy’s payout ratio is 58.82%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Tudor Pickering downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Thursday, June 4th. Zacks Research raised shares of CVR Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. UBS Group restated a “neutral” rating and issued a $35.00 target price on shares of CVR Energy in a research note on Monday, June 29th. Mizuho upped their target price on CVR Energy from $28.00 to $29.00 and gave the company an “underperform” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of CVR Energy in a research report on Wednesday, August 12th. Three research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CVR Energy presently has a consensus rating of “Strong Sell” and an average target price of $30.50.

CVR Energy Profile

CVR Energy, Inc (NYSE:CVI) is a diversified energy company that operates through its petroleum refining and nitrogen fertilizer businesses. The company’s operations are primarily located in the Mid-Continent region of the United States.

Through its petroleum segment, CVR Energy owns and operates refineries in Coffeyville, Kansas, and Wynnewood, Oklahoma. These facilities process crude oil into transportation fuels and other refined products, including gasoline, diesel fuel, jet fuel, and asphalt.