27,400 Shares in CVR Energy, Inc. (CVI) Acquired by Picton Mahoney Asset Management
Picton Mahoney Asset Management acquired a new position in CVR Energy, Inc. (NYSE:CVI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,400 shares of the oil and gas company’s stock, valued at approximately $1,102,000.
Other hedge funds have also bought and sold shares of the company. First Trust Advisors LP boosted its position in CVR Energy by 500.7% in the second quarter. First Trust Advisors LP now owns 95,708 shares of the oil and gas company’s stock worth $3,540,000 after purchasing an additional 79,774 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in CVR Energy in the second quarter worth $305,000. Bridgeworth LLC purchased a new position in CVR Energy in the second quarter worth $166,000. US Bancorp DE boosted its position in CVR Energy by 16.4% in the second quarter. US Bancorp DE now owns 13,143 shares of the oil and gas company’s stock worth $486,000 after purchasing an additional 1,849 shares during the last quarter. Finally, Brookstone Capital Management purchased a new position in CVR Energy in the second quarter worth $505,000. 87.38% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE CVI opened at $39.98 on Friday. CVR Energy, Inc. has a one year low of $28.14 and a one year high of $47.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.59 and a current ratio of 2.30. The firm has a market cap of $4.20 billion, a PE ratio of 19.54 and a beta of 1.34.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 12th. Stockholders of record on Monday, November 5th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, November 2nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 7.50%.
Several research firms have weighed in on CVI. ValuEngine raised CVR Energy from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th. Goldman Sachs Group cut CVR Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $47.00 to $45.00 in a research report on Tuesday. Finally, Citigroup started coverage on CVR Energy in a research report on Wednesday, October 31st. They set a “buy” rating and a $48.00 price target on the stock.
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.
Featured Article: Trading Strategy
Want to see what other hedge funds are holding CVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CVR Energy, Inc. (NYSE:CVI).
Receive News & Ratings for CVR Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Energy and related companies with MarketBeat.com's FREE daily email newsletter.