Nisa Investment Advisors LLC Grows Stock Position in CVR Energy, Inc. (NYSE:CVI)

Nisa Investment Advisors LLC raised its holdings in CVR Energy, Inc. (NYSE:CVI) by 61.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,220 shares of the oil and gas company’s stock after buying an additional 6,195 shares during the quarter. Nisa Investment Advisors LLC’s holdings in CVR Energy were worth $491,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Denali Advisors LLC raised its stake in CVR Energy by 76,632.2% in the fourth quarter. Denali Advisors LLC now owns 45,272 shares of the oil and gas company’s stock valued at $1,372,000 after buying an additional 45,213 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in CVR Energy by 3,191.9% in the third quarter. Public Employees Retirement System of Ohio now owns 32,458 shares of the oil and gas company’s stock valued at $1,105,000 after buying an additional 31,472 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of 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 worth $31,462,000 after purchasing an additional 338,393 shares during the last quarter. FCF Advisors LLC purchased a new position in shares of CVR Energy in the fourth quarter worth about $830,000. Finally, Cambria Investment Management L.P. raised its stake in shares of CVR Energy by 8.5% in the third quarter. Cambria Investment Management L.P. now owns 390,857 shares of the oil and gas company’s stock worth $13,301,000 after purchasing an additional 30,513 shares during the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

CVR Energy Stock Down 1.6 %

Shares of CVI stock opened at $33.40 on Thursday. The stock has a 50 day moving average of $34.76 and a 200 day moving average of $32.70. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 1.52. The stock has a market cap of $3.36 billion, a P/E ratio of 4.37 and a beta of 1.57. CVR Energy, Inc. has a twelve month low of $22.60 and a twelve month high of $39.36.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Tuesday, February 20th. The oil and gas company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.40. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.26 billion. CVR Energy had a return on equity of 55.17% and a net margin of 8.32%. As a group, sell-side analysts expect that CVR Energy, Inc. will post 2.7 EPS for the current year.

CVR Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend was Friday, March 1st. CVR Energy’s dividend payout ratio is currently 26.14%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Scotiabank raised their price objective on CVR Energy from $25.00 to $29.00 and gave the stock a “sector underperform” rating in a research note on Thursday, April 11th. StockNews.com cut CVR Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd.

CVR Energy Profile

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.