Strs Ohio Acquires 16,900 Shares of CVR Energy, Inc. (NYSE:CVI)
Strs Ohio boosted its holdings in CVR Energy, Inc. (NYSE:CVI) by 938.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,700 shares of the oil and gas company’s stock after purchasing an additional 16,900 shares during the quarter. Strs Ohio’s holdings in CVR Energy were worth $934,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System bought a new position in CVR Energy in the 2nd quarter worth approximately $80,000. Winslow Evans & Crocker Inc. bought a new position in CVR Energy in the 2nd quarter worth approximately $154,000. SG Americas Securities LLC boosted its stake in CVR Energy by 10.7% in the 1st quarter. SG Americas Securities LLC now owns 3,226 shares of the oil and gas company’s stock worth $133,000 after purchasing an additional 311 shares during the period. NumerixS Investment Technologies Inc bought a new position in CVR Energy in the 1st quarter worth approximately $166,000. Finally, Commonwealth Equity Services LLC bought a new position in CVR Energy in the 2nd quarter worth approximately $250,000. Institutional investors and hedge funds own 92.16% of the company’s stock.
Shares of CVI opened at $45.54 on Wednesday. The company has a market capitalization of $4.52 billion, a P/E ratio of 11.56 and a beta of 1.33. The stock has a fifty day moving average of $51.09. CVR Energy, Inc. has a 52-week low of $30.46 and a 52-week high of $55.52. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.59 and a current ratio of 2.40.
The business also recently declared a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Monday, August 5th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $3.00 dividend on an annualized basis and a yield of 6.59%.
CVI has been the subject of a number of research reports. Citigroup downgraded CVR Energy from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research report on Friday, June 21st. Tudor Pickering downgraded CVR Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Finally, Goldman Sachs Group downgraded CVR Energy from a “neutral” rating to a “sell” rating and set a $48.00 price target for the company. in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $44.20.
CVR Energy Profile
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.
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