Natixis Advisors L.P. Takes $750,000 Position in CVR Energy, Inc. (CVI)
Natixis Advisors L.P. acquired a new position in shares of CVR Energy, Inc. (NYSE:CVI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,807 shares of the oil and gas company’s stock, valued at approximately $750,000.
A number of other hedge funds also recently added to or reduced their stakes in CVI. Renaissance Technologies LLC increased its position in CVR Energy by 41.8% during the 4th quarter. Renaissance Technologies LLC now owns 818,400 shares of the oil and gas company’s stock worth $30,477,000 after purchasing an additional 241,300 shares in the last quarter. Prudential Financial Inc. grew its holdings in CVR Energy by 28.3% during the 1st quarter. Prudential Financial Inc. now owns 764,284 shares of the oil and gas company’s stock worth $23,097,000 after acquiring an additional 168,536 shares during the last quarter. Hennessy Advisors Inc. grew its holdings in CVR Energy by 16.5% during the 1st quarter. Hennessy Advisors Inc. now owns 1,130,900 shares of the oil and gas company’s stock worth $34,176,000 after acquiring an additional 160,300 shares during the last quarter. KBC Group NV grew its holdings in CVR Energy by 473.2% during the 1st quarter. KBC Group NV now owns 139,749 shares of the oil and gas company’s stock worth $4,223,000 after acquiring an additional 115,367 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new stake in CVR Energy during the 4th quarter worth approximately $3,189,000.
CVI opened at $38.45 on Wednesday. CVR Energy, Inc. has a fifty-two week low of $16.75 and a fifty-two week high of $47.67. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.38 and a current ratio of 2.20. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 40.01 and a beta of 1.62.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 13th. Shareholders of record on Monday, August 6th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 7.80%. This is a positive change from CVR Energy’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 3rd.
Separately, ValuEngine raised shares of CVR Energy from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th.
About CVR Energy
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through, Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, pet coke, natural gas liquids, slurry, sulfur, gas oil, asphalt, jet fuel, and other products.
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