Allspring Global Investments Holdings LLC Purchases 449 Shares of CVR Energy, Inc. (NYSE:CVI)

Allspring Global Investments Holdings LLC lifted its position in shares of CVR Energy, Inc. (NYSE:CVI) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,806 shares of the oil and gas company’s stock after purchasing an additional 449 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CVR Energy were worth $237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its holdings in CVR Energy by 57.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 924,541 shares of the oil and gas company’s stock worth $31,462,000 after buying an additional 338,393 shares during the period. Tudor Investment Corp Et Al bought a new stake in CVR Energy in the 3rd quarter valued at $8,875,000. Premier Fund Managers Ltd acquired a new position in CVR Energy in the 3rd quarter worth $5,838,000. Canada Pension Plan Investment Board bought a new position in CVR Energy during the 3rd quarter worth about $3,872,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of CVR Energy in the 3rd quarter valued at about $3,070,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CVR Energy Stock Performance

CVI opened at $33.22 on Friday. The business’s 50-day simple moving average is $34.47 and its 200 day simple moving average is $32.79. CVR Energy, Inc. has a 52-week low of $22.60 and a 52-week high of $39.36. 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 firm has a market capitalization of $3.34 billion, a PE ratio of 4.34 and a beta of 1.57.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Tuesday, February 20th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.40. The company had revenue of $2.20 billion for 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 2.73 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend was Friday, March 1st. CVR Energy’s dividend payout ratio is currently 26.14%.

CVR Energy Company 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.