CVR Energy, Inc. (NYSE:CVI) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in CVR Energy, Inc. (NYSE:CVI) by 62.0% during the 4th quarter, Holdings Channel reports. The firm owned 15,411 shares of the oil and gas company’s stock after purchasing an additional 5,899 shares during the quarter. New York State Teachers Retirement System’s holdings in CVR Energy were worth $467,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. grew its position in shares of CVR Energy by 9.1% in the second quarter. BlackRock Inc. now owns 5,075,694 shares of the oil and gas company’s stock valued at $152,068,000 after purchasing an additional 424,800 shares during the period. Vanguard Group Inc. grew its position in shares of CVR Energy by 2.5% in the third quarter. Vanguard Group Inc. now owns 3,275,218 shares of the oil and gas company’s stock valued at $94,916,000 after purchasing an additional 79,797 shares during the period. State Street Corp grew its position in shares of CVR Energy by 10.4% in the second quarter. State Street Corp now owns 2,606,337 shares of the oil and gas company’s stock valued at $78,086,000 after purchasing an additional 245,759 shares during the period. Dimensional Fund Advisors LP grew its position in shares of CVR Energy by 16.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,667,912 shares of the oil and gas company’s stock valued at $54,674,000 after purchasing an additional 229,628 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of CVR Energy by 30.3% in the first quarter. Renaissance Technologies LLC now owns 1,304,184 shares of the oil and gas company’s stock valued at $42,751,000 after purchasing an additional 303,500 shares during the period. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Stock Performance

CVI opened at $32.53 on Friday. The firm has a market capitalization of $3.27 billion, a PE ratio of 4.25 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. The firm’s 50-day moving average price is $34.71 and its 200 day moving average price is $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.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Tuesday, February 20th. The oil and gas company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.40. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.26 billion. CVR Energy had a net margin of 8.32% and a return on equity of 55.17%. As a group, sell-side analysts expect that CVR Energy, Inc. will post 2.73 EPS for the current fiscal year.

CVR Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a $0.50 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.00 annualized dividend and a yield of 6.15%. CVR Energy’s payout ratio is 26.14%.

Wall Street Analyst Weigh In

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

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.