Advisors Asset Management Inc. Sells 7,936 Shares of CVR Energy, Inc. (NYSE:CVI)

Advisors Asset Management Inc. cut its stake in shares of CVR Energy, Inc. (NYSE:CVIGet Rating) by 61.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,001 shares of the oil and gas company’s stock after selling 7,936 shares during the quarter. Advisors Asset Management Inc.’s holdings in CVR Energy were worth $168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CVI. Vanguard Group Inc. grew its holdings in CVR Energy by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 2,936,122 shares of the oil and gas company’s stock worth $74,989,000 after acquiring an additional 68,314 shares during the last quarter. BlackRock Inc. grew its holdings in CVR Energy by 0.7% during the 1st quarter. BlackRock Inc. now owns 2,522,277 shares of the oil and gas company’s stock worth $64,420,000 after acquiring an additional 17,656 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in CVR Energy by 12.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,272,306 shares of the oil and gas company’s stock worth $32,489,000 after acquiring an additional 144,338 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in CVR Energy by 479.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 973,857 shares of the oil and gas company’s stock worth $32,624,000 after acquiring an additional 805,791 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in CVR Energy by 2,200.2% during the 2nd quarter. Victory Capital Management Inc. now owns 945,411 shares of the oil and gas company’s stock worth $31,671,000 after acquiring an additional 904,309 shares during the last quarter. 97.24% of the stock is owned by institutional investors.

CVR Energy Trading Down 3.0 %

NYSE:CVI opened at $38.96 on Tuesday. The firm’s fifty day moving average is $35.03 and its 200-day moving average is $34.04. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.67 and a current ratio of 1.08. CVR Energy, Inc. has a 52 week low of $14.51 and a 52 week high of $43.61. The firm has a market cap of $3.92 billion, a P/E ratio of 11.63 and a beta of 1.52.

CVR Energy Dividend Announcement

The business also recently announced a None dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 14th were given a dividend of $1.40 per share. The ex-dividend date was Friday, November 11th. This represents a dividend yield of 4.3%. CVR Energy’s payout ratio is presently 47.76%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CVI. Wolfe Research lowered shares of CVR Energy from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 14th. They noted that the move was a valuation call. StockNews.com began coverage on shares of CVR Energy in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $29.25.

CVR Energy Company Profile

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

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Institutional Ownership by Quarter for CVR Energy (NYSE:CVI)

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