CVR Energy Inc. $CVI Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its holdings in shares of CVR Energy Inc. (NYSE:CVI) by 95.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,382 shares of the oil and gas company’s stock after acquiring an additional 106,406 shares during the period. Squarepoint Ops LLC owned 0.22% of CVR Energy worth $6,014,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of CVR Energy by 67.2% during the 1st quarter. Royal Bank of Canada now owns 14,904 shares of the oil and gas company’s stock worth $289,000 after purchasing an additional 5,992 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of CVR Energy in the first quarter valued at approximately $611,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CVR Energy by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,301 shares of the oil and gas company’s stock valued at $394,000 after purchasing an additional 858 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in CVR Energy by 14.8% during the first quarter. Goldman Sachs Group Inc. now owns 496,650 shares of the oil and gas company’s stock worth $9,635,000 after buying an additional 63,909 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in CVR Energy by 34.2% during the second quarter. JPMorgan Chase & Co. now owns 273,777 shares of the oil and gas company’s stock worth $7,351,000 after buying an additional 69,726 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Price Performance

CVI stock opened at $49.72 on Friday. The business has a fifty day moving average of $36.69 and a two-hundred day moving average of $32.77. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 2.38. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 73.11 and a beta of 0.85. CVR Energy Inc. has a 52-week low of $19.62 and a 52-week high of $52.40.

CVR Energy (NYSE:CVI) last posted its earnings results on Wednesday, July 29th. The oil and gas company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. CVR Energy had a negative return on equity of 15.21% and a net margin of 0.81%.The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.22 billion. The company’s revenue for the quarter was up 55.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.23) earnings per share. As a group, research analysts anticipate that CVR Energy Inc. will post 0.79 earnings per share for the current year.

CVR Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, August 10th. CVR Energy’s payout ratio is 58.82%.

Analysts Set New Price Targets

A number of research firms have weighed in on CVI. Weiss Ratings reissued a “sell (d-)” rating on shares of CVR Energy in a research note on Wednesday, August 12th. Tudor Pickering lowered CVR Energy from a “hold” rating to a “sell” rating in a report on Thursday, June 4th. UBS Group reissued a “neutral” rating and set a $35.00 price target on shares of CVR Energy in a research report on Monday, June 29th. Mizuho upped their price objective on shares of CVR Energy from $28.00 to $29.00 and gave the company an “underperform” rating in a report on Tuesday, August 4th. Finally, Zacks Research upgraded shares of CVR Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Sell” and an average target price of $30.50.

CVR Energy Profile

CVR Energy, Inc (NYSE:CVI) is a diversified energy company that operates through its petroleum refining and nitrogen fertilizer businesses. The company’s operations are primarily located in the Mid-Continent region of the United States.

Through its petroleum segment, CVR Energy owns and operates refineries in Coffeyville, Kansas, and Wynnewood, Oklahoma. These facilities process crude oil into transportation fuels and other refined products, including gasoline, diesel fuel, jet fuel, and asphalt.