Private Capital Advisors Inc. Cuts Position in CVR Energy Inc. (NYSE:CVI)
Private Capital Advisors Inc. reduced its stake in shares of CVR Energy Inc. (NYSE:CVI) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,350 shares of the oil and gas company’s stock after selling 2,950 shares during the period. Private Capital Advisors Inc. owned approximately 0.05% of CVR Energy worth $1,030,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of CVR Energy during the fourth quarter valued at $229,000. Wellington Management Group LLP bought a new position in shares of CVR Energy during the first quarter valued at $1,148,000. Norges Bank bought a new position in shares of CVR Energy during the fourth quarter valued at $11,641,000. Guggenheim Capital LLC raised its position in shares of CVR Energy by 22.1% in the fourth quarter. Guggenheim Capital LLC now owns 193,979 shares of the oil and gas company’s stock valued at $4,925,000 after buying an additional 35,163 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of CVR Energy by 50.2% in the fourth quarter. Teachers Advisors LLC now owns 61,913 shares of the oil and gas company’s stock valued at $1,572,000 after buying an additional 20,684 shares during the last quarter. 97.97% of the stock is currently owned by institutional investors.
CVR Energy Inc. (NYSE CVI) traded down 0.58% during trading on Friday, hitting $18.94. 662,189 shares of the company traded hands. The stock has a 50 day moving average price of $21.28 and a 200 day moving average price of $21.17. The company has a market capitalization of $1.64 billion, a P/E ratio of 69.12 and a beta of 1.72. CVR Energy Inc. has a 12-month low of $12.03 and a 12-month high of $25.91.
CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.07. CVR Energy had a return on equity of 2.10% and a net margin of 0.44%. The business had revenue of $1.43 billion for the quarter. On average, equities analysts anticipate that CVR Energy Inc. will post $0.29 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 10.56%. The ex-dividend date of this dividend is Thursday, August 3rd. CVR Energy’s dividend payout ratio is currently 714.31%.
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Several equities analysts have recently weighed in on CVI shares. BidaskClub lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine raised shares of CVR Energy from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has an average 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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