Teachers Advisors LLC Sells 10,297 Shares of CVR Energy Inc. (CVI)
Teachers Advisors LLC lessened its holdings in shares of CVR Energy Inc. (NYSE:CVI) by 23.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,778 shares of the oil and gas company’s stock after selling 10,297 shares during the quarter. Teachers Advisors LLC’s holdings in CVR Energy were worth $713,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Creative Planning raised its holdings in shares of CVR Energy by 39.4% during the 2nd quarter. Creative Planning now owns 6,550 shares of the oil and gas company’s stock worth $143,000 after acquiring an additional 1,850 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of CVR Energy by 6.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 9,293 shares of the oil and gas company’s stock worth $187,000 after acquiring an additional 530 shares during the period. WBI Investments Inc. purchased a new position in shares of CVR Energy during the 2nd quarter worth $224,000. American International Group Inc. raised its holdings in shares of CVR Energy by 5.9% during the 1st quarter. American International Group Inc. now owns 11,285 shares of the oil and gas company’s stock worth $227,000 after acquiring an additional 628 shares during the period. Finally, US Bancorp DE raised its holdings in shares of CVR Energy by 18.0% during the 2nd quarter. US Bancorp DE now owns 13,054 shares of the oil and gas company’s stock worth $284,000 after acquiring an additional 1,989 shares during the period. 99.36% of the stock is currently owned by institutional investors.
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CVI has been the topic of several analyst reports. BidaskClub upgraded CVR Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. ValuEngine lowered CVR Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 5th.
CVR Energy Inc. (NYSE CVI) opened at $31.42 on Wednesday. CVR Energy Inc. has a fifty-two week low of $12.69 and a fifty-two week high of $32.15. The company has a current ratio of 2.22, a quick ratio of 1.70 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $2,730.84, a price-to-earnings ratio of 48.38 and a beta of 1.70.
CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. CVR Energy had a return on equity of 3.34% and a net margin of 0.71%. The business had revenue of $1.45 billion for the quarter.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.00 annualized dividend and a dividend yield of 6.37%. CVR Energy’s dividend payout ratio is presently 416.68%.
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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