Deutsche Bank AG acquired a new stake in CVR Energy Inc. (NYSE:CVI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 38,989 shares of the oil and gas company's stock, valued at approximately $1,074,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in CVR Energy by 44.4% during 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 purchasing an additional 339 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of CVR Energy by 51.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company's stock valued at $38,000 after buying an additional 388 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in CVR Energy during the 4th quarter worth about $40,000. Horizon Investments LLC bought a new stake in CVR Energy during the 4th quarter worth about $47,000. Finally, Quarry LP bought a new stake in CVR Energy during the 3rd quarter worth about $50,000. Institutional investors own 98.88% of the company's stock.
CVR Energy Price Performance
Shares of CVI stock opened at $41.77 on Monday. The firm's 50 day moving average price is $33.19 and its two-hundred day moving average price is $31.26. The stock has a market cap of $4.20 billion, a PE ratio of 61.43 and a beta of 0.83. CVR Energy Inc. has a 52-week low of $19.62 and a 52-week high of $42.20. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.92 and a current ratio of 1.42.
CVR Energy (NYSE:CVI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. The business 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 firm's revenue was up 55.5% on a year-over-year basis. During the same period last year, the company earned ($0.23) EPS. As a group, analysts forecast that CVR Energy Inc. will post 0.79 EPS for the current year.
CVR Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, August 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.0%. CVR Energy's dividend payout ratio (DPR) is 58.82%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Tudor Pickering lowered shares of CVR Energy from a "hold" rating to a "sell" rating in a research report on Thursday, June 4th. Wall Street Zen raised shares of CVR Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Mizuho upped their price objective on CVR Energy from $28.00 to $29.00 and gave the stock an "underperform" rating in a report on Tuesday, August 4th. UBS Group reiterated a "neutral" rating and issued a $35.00 price objective on shares of CVR Energy in a research report on Monday, June 29th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of CVR Energy in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, CVR Energy currently has a consensus rating of "Strong Sell" and a consensus target price of $30.50.
Check Out Our Latest Research Report on CVR Energy
About CVR Energy
(
Free Report)
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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