CVR Energy, Inc. (NYSE:CVI) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System lifted its position in CVR Energy, Inc. (NYSE:CVI) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,836 shares of the oil and gas company’s stock after purchasing an additional 1,249 shares during the quarter. Arizona State Retirement System’s holdings in CVR Energy were worth $298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CVI. Tower Research Capital LLC TRC grew its stake in shares of CVR Energy by 103.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,862 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 945 shares during the period. Money Concepts Capital Corp grew its position in CVR Energy by 145.4% in the fourth quarter. Money Concepts Capital Corp now owns 2,226 shares of the oil and gas company’s stock worth $70,000 after acquiring an additional 1,319 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in CVR Energy during the first quarter worth $79,000. IFP Advisors Inc purchased a new stake in CVR Energy in the third quarter valued at $91,000. Finally, Great West Life Assurance Co. Can lifted its stake in shares of CVR Energy by 28.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 3,752 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 821 shares during the last quarter. 98.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CVI has been the subject of a number of recent analyst reports. StockNews.com downgraded CVR Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Scotiabank lifted their price target on shares of CVR Energy from $25.00 to $29.00 and gave the company a “sector underperform” rating in a research report on Thursday, April 11th.

CVR Energy Stock Up 0.8 %

NYSE:CVI opened at $32.82 on Friday. CVR Energy, Inc. has a 52 week low of $22.60 and a 52 week high of $39.36. The stock’s fifty day moving average is $34.66 and its two-hundred day moving average is $32.70. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 4.29 and a beta of 1.57. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 1.52.

CVR Energy (NYSE:CVI) last posted its earnings results on Tuesday, February 20th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 55.17% and a net margin of 8.32%. Research analysts anticipate that CVR Energy, Inc. will post 2.73 EPS for the current year.

CVR Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend was Friday, March 1st. CVR Energy’s payout ratio is 26.14%.

About CVR Energy

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.