Algert Global LLC Purchases Shares of 28,931 CVR Energy Inc. (CVI)
Algert Global LLC purchased a new position in CVR Energy Inc. (NYSE:CVI) during the second quarter, Holdings Channel reports. The firm purchased 28,931 shares of the oil and gas company’s stock, valued at approximately $630,000.
Several other institutional investors also recently bought and sold shares of CVI. Wellington Management Group LLP bought a new position in CVR Energy during the first quarter worth approximately $1,148,000. Russell Investments Group Ltd. bought a new position in CVR Energy during the fourth quarter worth approximately $229,000. Norges Bank bought a new position in CVR Energy during the fourth quarter worth approximately $11,641,000. Breton Hill Capital Ltd. bought a new position in CVR Energy during the second quarter worth approximately $728,000. Finally, Teachers Advisors LLC raised its position in CVR Energy by 50.2% in the fourth quarter. Teachers Advisors LLC now owns 61,913 shares of the oil and gas company’s stock worth $1,572,000 after buying an additional 20,684 shares during the last quarter. 98.13% of the stock is owned by hedge funds and other institutional investors.
CVR Energy Inc. (NYSE:CVI) opened at 17.06 on Friday. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 62.26 and a beta of 1.72. CVR Energy Inc. has a 12-month low of $12.03 and a 12-month high of $25.91. The stock has a 50 day moving average price of $20.88 and a 200-day moving average price of $20.97.
CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.07. CVR Energy had a net margin of 0.44% and a return on equity of 2.10%. The firm had revenue of $1.43 billion during the quarter. Equities analysts predict that CVR Energy Inc. will post $0.29 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.72%. The ex-dividend date is Thursday, August 3rd. CVR Energy’s payout ratio is 714.31%.
CVI has been the subject of a number of analyst reports. BidaskClub lowered CVR Energy from a “hold” rating to a “sell” rating in a report on Friday, July 28th. ValuEngine raised CVR Energy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.50.
About CVR Energy
CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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