CVR Energy Inc. (NYSE:CVI) Position Raised by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. boosted its stake in shares of CVR Energy Inc. (NYSE:CVI) by 10.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,138 shares of the oil and gas company’s stock after buying an additional 21,420 shares during the period. Schwab Charles Investment Management Inc.’s holdings in CVR Energy were worth $4,381,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of CVI. Norges Bank purchased a new position in shares of CVR Energy during the fourth quarter valued at approximately $11,641,000. Advisors Asset Management Inc. increased its position in CVR Energy by 25.4% in the first quarter. Advisors Asset Management Inc. now owns 1,334,724 shares of the oil and gas company’s stock worth $26,801,000 after buying an additional 270,077 shares during the last quarter. Oxford Asset Management bought a new position in CVR Energy during the first quarter worth about $3,450,000. Acadian Asset Management LLC bought a new position in CVR Energy during the first quarter worth about $1,519,000. Finally, Menta Capital LLC increased its position in CVR Energy by 126.5% in the first quarter. Menta Capital LLC now owns 131,807 shares of the oil and gas company’s stock worth $2,647,000 after buying an additional 73,626 shares during the last quarter. 98.54% of the stock is owned by hedge funds and other institutional investors.
Shares of CVR Energy Inc. (CVI) traded up 1.92% during trading on Monday, hitting $17.51. 145,346 shares of the company’s stock were exchanged. The stock has a market cap of $1.52 billion, a P/E ratio of 63.91 and a beta of 1.72. The firm has a 50-day moving average price of $20.79 and a 200-day moving average price of $20.93. CVR Energy Inc. has a one year low of $12.03 and a one year high of $25.91.
CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.07. CVR Energy had a net margin of 0.44% and a return on equity of 2.10%. The business had revenue of $1.43 billion during the quarter. Equities research analysts expect that CVR Energy Inc. will post $0.29 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.00 annualized dividend and a dividend yield of 11.64%. CVR Energy’s dividend payout ratio is currently 714.31%.
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A number of equities analysts recently issued reports on CVI shares. BidaskClub raised shares of CVR Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. ValuEngine raised shares of CVR Energy from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. CVR Energy has a consensus rating of “Hold” and a consensus price target of $14.50.
CVR Energy Company 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).
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