CVR Energy Inc. (NYSE:CVI) Stake Raised by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio boosted its position in CVR Energy Inc. (NYSE:CVI) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,293 shares of the oil and gas company’s stock after buying an additional 530 shares during the period. Public Employees Retirement System of Ohio’s holdings in CVR Energy were worth $187,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of CVI. Bank of New York Mellon Corp raised its position in CVR Energy by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 1,425,052 shares of the oil and gas company’s stock worth $28,615,000 after buying an additional 31,156 shares in the last quarter. US Bancorp DE raised its position in CVR Energy by 23.2% in the first quarter. US Bancorp DE now owns 11,065 shares of the oil and gas company’s stock worth $222,000 after buying an additional 2,085 shares in the last quarter. Advisors Asset Management Inc. raised 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 in the last quarter. Wells Fargo & Company MN raised its position in CVR Energy by 43.5% in the first quarter. Wells Fargo & Company MN now owns 225,356 shares of the oil and gas company’s stock worth $4,525,000 after buying an additional 68,281 shares in the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp purchased a new position in CVR Energy during the first quarter worth approximately $653,000. 98.13% of the stock is owned by hedge funds and other institutional investors.
CVR Energy Inc. (NYSE:CVI) traded down 0.8701% during trading on Thursday, reaching $17.0999. 100,946 shares of the company were exchanged. CVR Energy Inc. has a 52-week low of $12.03 and a 52-week high of $25.91. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 62.4084 and a beta of 1.72. The firm has a 50-day moving average of $20.95 and a 200-day moving average of $21.00.
CVR Energy (NYSE:CVI) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.07. The company had revenue of $1.43 billion during the quarter. CVR Energy had a net margin of 0.44% and a return on equity of 2.10%. On average, equities analysts forecast that CVR Energy Inc. will post $0.29 EPS for the current year.
The business 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. This represents a $2.00 annualized dividend and a dividend yield of 11.59%. The ex-dividend date is Thursday, August 3rd. CVR Energy’s dividend payout ratio (DPR) is presently 714.31%.
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A number of research firms recently commented on CVI. ValuEngine raised shares of CVR Energy from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. BidaskClub raised shares of CVR Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $14.50.
About CVR Energy
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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