Assenagon Asset Management S.A. Sells 119,266 Shares of CVR Energy, Inc. (NYSE:CVI)

Assenagon Asset Management S.A. lessened its position in CVR Energy, Inc. (NYSE:CVI - Free Report) by 80.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,163 shares of the oil and gas company's stock after selling 119,266 shares during the period. Assenagon Asset Management S.A.'s holdings in CVR Energy were worth $853,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James & Associates acquired a new stake in shares of CVR Energy during the fourth quarter worth $422,000. SG Americas Securities LLC raised its position in shares of CVR Energy by 34.4% during the fourth quarter. SG Americas Securities LLC now owns 13,490 shares of the oil and gas company's stock worth $409,000 after purchasing an additional 3,453 shares during the period. FCF Advisors LLC acquired a new stake in shares of CVR Energy during the fourth quarter worth $830,000. Public Employees Retirement System of Ohio raised its position in shares of CVR Energy by 3,191.9% during the third quarter. Public Employees Retirement System of Ohio now owns 32,458 shares of the oil and gas company's stock worth $1,105,000 after purchasing an additional 31,472 shares during the period. Finally, Citigroup Inc. raised its position in CVR Energy by 5.5% during the third quarter. Citigroup Inc. now owns 132,627 shares of the oil and gas company's stock valued at $4,513,000 after buying an additional 6,944 shares during the period. Institutional investors own 98.88% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. StockNews.com lowered CVR Energy from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. Scotiabank lowered CVR Energy from a "sector perform" rating to a "sector underperform" rating and dropped their price target for the company from $28.00 to $25.00 in a research report on Tuesday, January 16th.

CVR Energy Stock Up 0.8 %

NYSE CVI traded up $0.29 on Friday, reaching $37.57. The stock had a trading volume of 550,374 shares, compared to its average volume of 883,796. The business has a 50 day moving average price of $34.58 and a 200 day moving average price of $32.66. 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 1 year low of $22.60 and a 1 year high of $39.36. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 4.91 and a beta of 1.57.

CVR Energy (NYSE:CVI - Get Free Report) last issued its earnings results on Tuesday, February 20th. The oil and gas company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.40. CVR Energy had a return on equity of 55.17% and a net margin of 8.32%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.26 billion. On average, analysts forecast that CVR Energy, Inc. will post 2.7 EPS for the current fiscal year.

CVR Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a $0.50 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.00 dividend on an annualized basis and a yield of 5.32%. CVR Energy's dividend payout ratio (DPR) is currently 26.14%.

CVR Energy Profile

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.