Vanguard Group Inc. Trims Stake in CVR Energy, Inc. (NYSE:CVI)

Vanguard Group Inc. cut its stake in shares of CVR Energy, Inc. (NYSE:CVI - Free Report) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,510,596 shares of the oil and gas company's stock after selling 50,726 shares during the period. Vanguard Group Inc. owned 3.49% of CVR Energy worth $119,466,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of CVR Energy by 103.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,862 shares of the oil and gas company's stock worth $63,000 after acquiring an additional 945 shares during the period. Money Concepts Capital Corp lifted its stake in CVR Energy by 145.4% during the fourth quarter. Money Concepts Capital Corp now owns 2,226 shares of the oil and gas company's stock worth $70,000 after purchasing an additional 1,319 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of CVR Energy in the 3rd quarter valued at $91,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of CVR Energy in the 1st quarter valued at $79,000. Finally, Great West Life Assurance Co. Can increased its stake in shares of CVR Energy by 28.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 3,752 shares of the oil and gas company's stock valued at $102,000 after purchasing an additional 821 shares during the last quarter. Institutional investors own 98.88% of the company's stock.

CVR Energy Trading Down 0.9 %

CVI traded down $0.34 during trading on Thursday, reaching $37.28. 487,130 shares of the company's stock were exchanged, compared to its average volume of 934,768. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 1.52. CVR Energy, Inc. has a one year low of $22.60 and a one year high of $39.36. The firm has a fifty day moving average price of $34.48 and a two-hundred day moving average price of $32.65. The stock has a market capitalization of $3.75 billion, a PE ratio of 4.87 and a beta of 1.57.

CVR Energy (NYSE:CVI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The oil and gas company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.40. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.26 billion. CVR Energy had a net margin of 8.32% and a return on equity of 55.17%. As a group, equities research analysts forecast that CVR Energy, Inc. will post 2.63 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.00 annualized dividend and a dividend yield of 5.36%. CVR Energy's payout ratio is 26.14%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Scotiabank downgraded shares of CVR Energy from a "sector perform" rating to a "sector underperform" rating and dropped their price objective for the company from $28.00 to $25.00 in a research note on Tuesday, January 16th. StockNews.com downgraded CVR Energy from a "buy" rating to a "hold" rating in a report on Friday, February 23rd.

About CVR Energy

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.