CVR Energy, Inc. (NYSE:CVI) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in CVR Energy, Inc. (NYSE:CVIFree Report) by 1.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,510,596 shares of the oil and gas company’s stock after selling 50,726 shares during the quarter. Vanguard Group Inc.’s holdings in CVR Energy were worth $119,466,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CVI. Jacobs Levy Equity Management Inc. boosted its holdings in CVR Energy by 57.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 924,541 shares of the oil and gas company’s stock valued at $31,462,000 after purchasing an additional 338,393 shares during the last quarter. Cambria Investment Management L.P. increased its position in CVR Energy by 8.5% in the 3rd quarter. Cambria Investment Management L.P. now owns 390,857 shares of the oil and gas company’s stock valued at $13,301,000 after acquiring an additional 30,513 shares during the period. FMR LLC increased its position in CVR Energy by 119.0% in the 3rd quarter. FMR LLC now owns 142,812 shares of the oil and gas company’s stock valued at $4,860,000 after acquiring an additional 77,614 shares during the period. Pearl River Capital LLC increased its position in shares of CVR Energy by 49.4% during the 3rd quarter. Pearl River Capital LLC now owns 43,126 shares of the oil and gas company’s stock valued at $1,468,000 after purchasing an additional 14,269 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of CVR Energy during the 3rd quarter valued at $342,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Trading Up 3.4 %

CVR Energy stock opened at $37.61 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.94 and a current ratio of 1.30. The business’s 50-day simple moving average is $34.36 and its 200-day simple moving average is $32.62. The firm has a market capitalization of $3.78 billion, a PE ratio of 4.92 and a beta of 1.57. CVR Energy, Inc. has a 52 week low of $22.60 and a 52 week high of $39.36.

CVR Energy (NYSE:CVIGet Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.40. CVR Energy had a return on equity of 55.17% and a net margin of 8.32%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.26 billion. Equities research analysts forecast that CVR Energy, Inc. will post 2.63 earnings per share for the current year.

CVR Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date was Friday, March 1st. CVR Energy’s payout ratio is 26.14%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CVI shares. Scotiabank lowered CVR Energy from a “sector perform” rating to a “sector underperform” rating and reduced their price objective for the stock from $28.00 to $25.00 in a research note on Tuesday, January 16th. StockNews.com cut CVR Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd.

Check Out Our Latest Stock Report on CVI

CVR Energy Company Profile

(Free Report)

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.

See Also

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

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