28,704 Shares in CVR Energy Inc. $CVI Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC bought a new stake in CVR Energy Inc. (NYSE:CVI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,704 shares of the oil and gas company’s stock, valued at approximately $791,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its position in CVR Energy by 67.2% during the 1st quarter. Royal Bank of Canada now owns 14,904 shares of the oil and gas company’s stock worth $289,000 after buying an additional 5,992 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of CVR Energy in the 1st quarter valued at about $611,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of CVR Energy by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,301 shares of the oil and gas company’s stock valued at $394,000 after acquiring an additional 858 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of CVR Energy by 14.8% in the first quarter. Goldman Sachs Group Inc. now owns 496,650 shares of the oil and gas company’s stock valued at $9,635,000 after acquiring an additional 63,909 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of CVR Energy by 34.2% in the second quarter. JPMorgan Chase & Co. now owns 273,777 shares of the oil and gas company’s stock valued at $7,351,000 after acquiring an additional 69,726 shares during the last quarter. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Stock Up 5.1%

Shares of CVI stock opened at $41.77 on Friday. CVR Energy Inc. has a 52-week low of $19.62 and a 52-week high of $42.20. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 61.43 and a beta of 0.83. The firm’s 50-day moving average is $33.19 and its 200-day moving average is $31.21. 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 (NYSE:CVI) last posted its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.22 billion. CVR Energy had a negative return on equity of 15.21% and a net margin of 0.81%.CVR Energy’s quarterly revenue was up 55.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.23) earnings per share. Sell-side analysts predict that CVR Energy Inc. will post 0.79 EPS for the current year.

CVR Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, August 10th. CVR Energy’s dividend payout ratio (DPR) is presently 58.82%.

Wall Street Analyst Weigh In

Several brokerages recently commented on CVI. UBS Group reissued a “neutral” rating and set a $35.00 price target on shares of CVR Energy in a research report on Monday, June 29th. Mizuho boosted their price target on CVR Energy from $28.00 to $29.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 4th. Tudor Pickering cut CVR Energy from a “hold” rating to a “sell” rating in a research note on Thursday, June 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of CVR Energy in a report on Wednesday, August 12th. Finally, Wall Street Zen raised shares of CVR Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Three equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, CVR Energy currently has an average rating of “Strong Sell” and a consensus price target of $30.50.

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.