Edgestream Partners L.P. Buys 47,433 Shares of CVR Energy, Inc. (NYSE:CVI)

Edgestream Partners L.P. raised its position in shares of CVR Energy, Inc. (NYSE:CVI) by 149.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,153 shares of the oil and gas company’s stock after purchasing an additional 47,433 shares during the period. Edgestream Partners L.P. owned 0.08% of CVR Energy worth $2,823,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of CVR Energy by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 4,020,717 shares of the oil and gas company’s stock worth $143,379,000 after acquiring an additional 85,773 shares during the period. Kingsview Wealth Management LLC purchased a new stake in shares of CVR Energy during the 1st quarter valued at approximately $754,000. State Board of Administration of Florida Retirement System grew its holdings in CVR Energy by 36.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,516 shares of the oil and gas company’s stock valued at $377,000 after buying an additional 3,050 shares in the last quarter. Entropy Technologies LP increased its holdings in CVR Energy by 112.8% during the 1st quarter. Entropy Technologies LP now owns 19,789 shares of the oil and gas company’s stock worth $706,000 after acquiring an additional 10,488 shares during the period. Finally, ProShare Advisors LLC bought a new stake in CVR Energy during the 1st quarter worth approximately $213,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Price Performance

Shares of CVR Energy stock traded up $0.12 during trading on Tuesday, hitting $24.98. 45,029 shares of the stock traded hands, compared to its average volume of 949,432. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 3.81 and a beta of 1.54. 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, Inc. has a 52 week low of $23.93 and a 52 week high of $39.36. The firm’s fifty day moving average is $27.01 and its 200-day moving average is $31.05.

CVR Energy (NYSE:CVI) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $1.96 billion. CVR Energy had a net margin of 7.44% and a return on equity of 40.14%. The firm’s revenue was down 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share. Research analysts expect that CVR Energy, Inc. will post 0.13 EPS for the current fiscal year.

CVR Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, May 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.01%. CVR Energy’s dividend payout ratio (DPR) is currently 30.67%.

Analyst Ratings Changes

A number of research firms have recently commented on CVI. UBS Group reduced their price target on shares of CVR Energy from $37.00 to $33.75 and set a “neutral” rating for the company in a research report on Tuesday, May 14th. StockNews.com lowered CVR Energy from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Scotiabank dropped their price target on CVR Energy from $29.00 to $24.00 and set a “sector underperform” rating for the company in a research report on Friday, July 12th. Mizuho started coverage on CVR Energy in a report on Wednesday, July 17th. They set a “neutral” rating and a $27.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of CVR Energy from $30.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $28.35.

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.