CVR Energy Inc. (CVI) Position Increased by Creative Planning
Creative Planning boosted its stake in shares of CVR Energy Inc. (NYSE:CVI) by 39.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,550 shares of the oil and gas company’s stock after buying an additional 1,850 shares during the period. Creative Planning’s holdings in CVR Energy were worth $143,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in CVI. Public Employees Retirement System of Ohio increased its stake in shares of CVR Energy by 6.0% in the first quarter. Public Employees Retirement System of Ohio now owns 9,293 shares of the oil and gas company’s stock valued at $187,000 after buying an additional 530 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of CVR Energy during the fourth quarter valued at $229,000. US Bancorp DE increased its stake in shares of CVR Energy by 23.2% in the first quarter. US Bancorp DE now owns 11,065 shares of the oil and gas company’s stock valued at $222,000 after buying an additional 2,085 shares in the last quarter. American International Group Inc. increased its stake in shares of CVR Energy by 5.9% in the first quarter. American International Group Inc. now owns 11,285 shares of the oil and gas company’s stock valued at $227,000 after buying an additional 628 shares in the last quarter. Finally, Zweig DiMenna Associates LLC purchased a new stake in shares of CVR Energy during the first quarter valued at $251,000. 98.13% of the stock is currently owned by institutional investors and hedge funds.
CVR Energy Inc. (NYSE:CVI) traded up 0.70% on Friday, hitting $17.18. 675,761 shares of the stock were exchanged. CVR Energy Inc. has a 52-week low of $12.03 and a 52-week high of $25.91. The firm has a market cap of $1.49 billion, a PE ratio of 62.70 and a beta of 1.72. The stock’s 50 day moving average price is $20.79 and its 200 day moving average price is $20.93.
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 the consensus estimate of ($0.11) by $0.07. The firm had revenue of $1.43 billion for the quarter. CVR Energy had a net margin of 0.44% and a return on equity of 2.10%. Equities research analysts forecast that CVR Energy Inc. will post $0.29 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.00 annualized dividend and a yield of 11.64%. CVR Energy’s dividend payout ratio (DPR) is currently 714.31%.
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Several equities research analysts have recently weighed in on the stock. BidaskClub downgraded shares of CVR Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. ValuEngine raised shares of CVR Energy from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $14.50.
CVR Energy Company Profile
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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