CVR Energy, Inc. (NYSE:CVI) Shares Acquired by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC boosted its holdings in CVR Energy, Inc. (NYSE:CVI) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,675 shares of the oil and gas company’s stock after purchasing an additional 347 shares during the quarter. SummerHaven Investment Management LLC’s holdings in CVR Energy were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CVR Energy by 54.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,704 shares of the oil and gas company’s stock valued at $194,000 after acquiring an additional 2,008 shares during the last quarter. Sigma Planning Corp acquired a new position in CVR Energy during the third quarter worth approximately $201,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CVR Energy by 19.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,810 shares of the oil and gas company’s stock worth $206,000 after purchasing an additional 1,106 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in shares of CVR Energy in the 3rd quarter valued at $209,000. Finally, Camelot Portfolios LLC purchased a new stake in shares of CVR Energy during the 4th quarter valued at $229,000. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

CVR Energy Price Performance

CVR Energy stock opened at $33.12 on Tuesday. The firm has a fifty day moving average of $34.44 and a 200-day moving average of $32.80. CVR Energy, Inc. has a 52-week low of $22.60 and a 52-week high of $39.36. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $3.33 billion, a P/E ratio of 4.33 and a beta of 1.57.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Monday, April 29th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.09). CVR Energy had a net margin of 8.32% and a return on equity of 55.17%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. As a group, analysts predict that CVR Energy, Inc. will post 2.73 EPS for the current year.

CVR Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.04%. CVR Energy’s payout ratio is currently 26.14%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CVI shares. Scotiabank increased their target price on CVR Energy from $25.00 to $29.00 and gave the stock a “sector underperform” rating in a research report on Thursday, April 11th. StockNews.com downgraded CVR Energy from a “buy” rating to a “hold” rating in a report on Friday, February 23rd.

About CVR Energy

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.