Dimensional Fund Advisors LP Decreases Stake in CVR Energy Inc. (CVI)
Dimensional Fund Advisors LP lowered its stake in CVR Energy Inc. (NYSE:CVI) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 709,154 shares of the oil and gas company’s stock after selling 2,082 shares during the period. Dimensional Fund Advisors LP’s holdings in CVR Energy were worth $14,239,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of CVR Energy by 4.1% in the first quarter. Vanguard Group Inc. now owns 1,528,815 shares of the oil and gas company’s stock valued at $30,699,000 after buying an additional 59,839 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of 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 valued at $28,615,000 after buying an additional 31,156 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of 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 valued at $26,801,000 after buying an additional 270,077 shares during the last quarter. Norges Bank purchased a new position in shares of CVR Energy during the fourth quarter valued at about $11,641,000. Finally, Global X Management Co. LLC raised its position in shares of CVR Energy by 18.5% in the first quarter. Global X Management Co. LLC now owns 366,571 shares of the oil and gas company’s stock valued at $7,361,000 after buying an additional 57,102 shares during the last quarter. 98.54% of the stock is currently owned by institutional investors.
CVR Energy Inc. (NYSE:CVI) traded up 0.84% during trading on Wednesday, hitting $17.99. The company had a trading volume of 55,064 shares. The company’s 50 day moving average price is $20.61 and its 200-day moving average price is $20.79. CVR Energy Inc. has a 12 month low of $12.03 and a 12 month high of $25.91. The company has a market cap of $1.56 billion, a PE ratio of 65.66 and a beta of 1.72.
CVR Energy (NYSE:CVI) last issued its earnings results on Thursday, July 27th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.07. The business had revenue of $1.43 billion for the quarter. CVR Energy had a net margin of 0.44% and a return on equity of 2.10%. Equities analysts expect that CVR Energy Inc. will post $0.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.21%. The ex-dividend date was Thursday, August 3rd. CVR Energy’s dividend payout ratio is presently 714.31%.
CVI has been the topic of several research reports. ValuEngine raised CVR Energy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. BidaskClub lowered CVR Energy from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One equities research 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. The company currently has a consensus rating of “Hold” and an average target price 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).
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.