CX Institutional Acquires 3,784 Shares of CVR Energy, Inc. (NYSE:CVI)

CX Institutional increased its holdings in CVR Energy, Inc. (NYSE:CVI) by 4.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,128 shares of the oil and gas company’s stock after buying an additional 3,784 shares during the period. CX Institutional owned about 0.10% of CVR Energy worth $2,654,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CVI. Jones Financial Companies Lllp bought a new stake in shares of CVR Energy in the 4th quarter valued at about $33,000. Future Financial Wealth Managment LLC purchased a new position in CVR Energy in the first quarter worth $71,000. Covestor Ltd increased its position in shares of CVR Energy by 45,560.0% during the first quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company’s stock worth $81,000 after purchasing an additional 2,278 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in shares of CVR Energy during the 4th quarter valued at $89,000. Finally, TFO Wealth Partners LLC boosted its position in shares of CVR Energy by 246,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 4,933 shares of the oil and gas company’s stock worth $149,000 after purchasing an additional 4,931 shares in the last quarter. Institutional investors own 98.88% of the company’s stock.

CVR Energy Stock Down 0.3 %

Shares of CVI opened at $25.85 on Friday. The firm has a market cap of $2.60 billion, a P/E ratio of 3.98 and a beta of 1.54. CVR Energy, Inc. has a 12 month low of $23.80 and a 12 month high of $38.63. The stock’s 50 day moving average is $26.24 and its two-hundred day moving average is $30.66. The company has a current ratio of 1.46, a quick ratio of 0.91 and a debt-to-equity ratio of 1.51.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.39. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.80 billion. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 EPS. Analysts predict that CVR Energy, Inc. will post 0.25 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 12th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $2.00 annualized dividend and a dividend yield of 7.74%. CVR Energy’s dividend payout ratio (DPR) is presently 30.67%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. decreased their price target on CVR Energy from $30.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday, July 2nd. Mizuho started coverage on shares of CVR Energy in a research report on Wednesday, July 17th. They set a “neutral” rating and a $27.00 target price on the stock. UBS Group lowered their price objective on shares of CVR Energy from $37.00 to $33.75 and set a “neutral” rating for the company in a research note on Tuesday, May 14th. Scotiabank upped their target price on CVR Energy from $24.00 to $25.00 and gave the company a “sector underperform” rating in a research report on Wednesday, July 31st. Finally, StockNews.com cut CVR Energy from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.55.

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.