Duality Advisers LP Has $849,000 Stock Holdings in CVR Energy, Inc. (NYSE:CVI)

Duality Advisers LP cut its stake in CVR Energy, Inc. (NYSE:CVI - Free Report) by 50.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,030 shares of the oil and gas company's stock after selling 28,957 shares during the period. Duality Advisers LP's holdings in CVR Energy were worth $849,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Federated Hermes Inc. raised its holdings in shares of CVR Energy by 120.4% in the fourth quarter. Federated Hermes Inc. now owns 7,586 shares of the oil and gas company's stock valued at $230,000 after buying an additional 4,144 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of CVR Energy by 19.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,810 shares of the oil and gas company's stock valued at $206,000 after buying an additional 1,106 shares during the last quarter. Everence Capital Management Inc. raised its holdings in shares of CVR Energy by 69.7% in the fourth quarter. Everence Capital Management Inc. now owns 31,360 shares of the oil and gas company's stock valued at $950,000 after buying an additional 12,880 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of CVR Energy in the fourth quarter valued at about $442,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of CVR Energy by 6.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,806 shares of the oil and gas company's stock valued at $237,000 after buying an additional 449 shares during the last quarter. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Stock Performance

Shares of CVR Energy stock traded down $0.19 on Thursday, reaching $33.38. 487,712 shares of the stock were exchanged, compared to its average volume of 885,821. CVR Energy, Inc. has a 1-year low of $22.60 and a 1-year high of $39.36. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 1.52. The business has a fifty day moving average price of $34.51 and a two-hundred day moving average price of $32.77. The firm has a market capitalization of $3.36 billion, a PE ratio of 4.36 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 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.40. CVR Energy had a net margin of 8.32% and a return on equity of 55.17%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.26 billion. As a group, research analysts anticipate that CVR Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

CVR Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.00 annualized dividend and a yield of 5.99%. CVR Energy's payout ratio is currently 26.14%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CVI. StockNews.com lowered shares of CVR Energy from a "buy" rating to a "hold" rating in a research note on Friday, February 23rd. Scotiabank boosted their price target on shares of CVR Energy from $25.00 to $29.00 and gave the stock a "sector underperform" rating in a research note on Thursday, April 11th.

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.