CVR Energy Inc. (CVI) Holdings Reduced by New York State Common Retirement Fund
New York State Common Retirement Fund lowered its holdings in CVR Energy Inc. (NYSE:CVI) by 32.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,271 shares of the oil and gas company’s stock after selling 9,708 shares during the quarter. New York State Common Retirement Fund’s holdings in CVR Energy were worth $441,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Creative Planning raised its stake in shares of CVR Energy by 39.4% during the 2nd quarter. Creative Planning now owns 6,550 shares of the oil and gas company’s stock worth $143,000 after buying an additional 1,850 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of CVR Energy by 6.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 9,293 shares of the oil and gas company’s stock worth $187,000 after buying an additional 530 shares during the last quarter. WBI Investments Inc. acquired a new position in shares of CVR Energy during the 2nd quarter worth $224,000. American International Group Inc. raised its stake in shares of CVR Energy by 5.9% during the 1st quarter. American International Group Inc. now owns 11,285 shares of the oil and gas company’s stock worth $227,000 after buying an additional 628 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of CVR Energy by 18.0% during the 2nd quarter. US Bancorp DE now owns 13,054 shares of the oil and gas company’s stock worth $284,000 after buying an additional 1,989 shares during the last quarter. 99.45% of the stock is owned by institutional investors.
CVR Energy Inc. (CVI) opened at $30.25 on Wednesday. The stock has a market capitalization of $2,638.79, a price-to-earnings ratio of 46.75 and a beta of 1.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.24. CVR Energy Inc. has a one year low of $15.85 and a one year high of $32.42.
CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. The firm had revenue of $1.45 billion during the quarter. CVR Energy had a return on equity of 3.37% and a net margin of 0.71%.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date is Thursday, November 9th. CVR Energy’s dividend payout ratio is presently 416.68%.
CVI has been the subject of several research reports. BidaskClub raised CVR Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. ValuEngine downgraded CVR Energy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 5th.
CVR Energy Profile
CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
Want to see what other hedge funds are holding CVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CVR Energy Inc. (NYSE:CVI).
Receive News & Ratings for CVR Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.