Capstone Investment Advisors LLC Acquires New Holdings in CVR Energy Inc. $CVI

Key Points

• Capstone Investment Advisors acquired 28,704 shares of CVR Energy worth approximately $791,000, while institutional investors and hedge funds collectively own 98.88% of the company.
• Analyst sentiment remains weak: CVR Energy has an average “Strong Sell” rating, with five sell ratings and three hold ratings and a consensus price target of $30.50.
• CVR Energy beat quarterly expectations with $0.34 in earnings per share versus $0.26 forecast and $2.74 billion in revenue, up 55.5% year over year. The company also paid a quarterly dividend of $0.10 per share, representing a 1.0% annualized yield.

Capstone Investment Advisors LLC bought a new stake in CVR Energy Inc. (NYSE:CVI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 28,704 shares of the oil and gas company's stock, valued at approximately $791,000.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of CVR Energy by 44.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company's stock valued at $37,000 after buying an additional 339 shares during the period. PNC Financial Services Group Inc. raised its stake in CVR Energy by 51.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company's stock worth $38,000 after buying an additional 388 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in CVR Energy during the 4th quarter worth $40,000. Horizon Investments LLC bought a new position in CVR Energy during the fourth quarter worth about $47,000. Finally, Quarry LP bought a new position in CVR Energy during the third quarter worth about $50,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on CVI shares. Wall Street Zen upgraded CVR Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Zacks Research upgraded CVR Energy from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Tudor Pickering cut CVR Energy from a "hold" rating to a "sell" rating in a research note on Thursday, June 4th. UBS Group restated a "neutral" rating and set a $35.00 target price on shares of CVR Energy in a report on Monday, June 29th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of CVR Energy in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, CVR Energy currently has an average rating of "Strong Sell" and a consensus price target of $30.50.

CVR Energy Price Performance

CVI stock opened at $41.77 on Friday. The stock has a 50-day moving average price of $33.19 and a two-hundred day moving average price of $31.21. CVR Energy Inc. has a 1 year low of $19.62 and a 1 year high of $42.20. The stock has a market cap of $4.20 billion, a PE ratio of 61.43 and a beta of 0.83. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 2.38.

CVR Energy (NYSE:CVI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.08. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.22 billion. CVR Energy had a negative return on equity of 15.21% and a net margin of 0.81%.The company's quarterly revenue was up 55.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.23) earnings per share. Equities analysts forecast that CVR Energy Inc. will post 0.79 EPS for the current fiscal year.

CVR Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were paid a $0.10 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.40 annualized dividend and a yield of 1.0%. CVR Energy's payout ratio is presently 58.82%.

CVR Energy Company Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.

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