Raymond James & Associates Takes $422,000 Position in CVR Energy, Inc. (NYSE:CVI)

Raymond James & Associates acquired a new stake in shares of CVR Energy, Inc. (NYSE:CVI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,923 shares of the oil and gas company’s stock, valued at approximately $422,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of CVR Energy by 3,191.9% during the 3rd 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 in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of 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 valued at $31,462,000 after buying an additional 338,393 shares in the last quarter. FCF Advisors LLC purchased a new stake in shares of CVR Energy during the 4th quarter valued at $830,000. Cambria Investment Management L.P. raised 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 worth $13,301,000 after purchasing an additional 30,513 shares during the period. Finally, FMR LLC raised 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 worth $4,860,000 after purchasing an additional 77,614 shares during the period. Hedge funds and other institutional investors own 98.88% of the company’s stock.

Analyst Ratings Changes

CVI has been the topic of a number of analyst reports. StockNews.com cut shares of CVR Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Scotiabank lifted their target price 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 Price Performance

CVI stock opened at $33.22 on Friday. The firm’s 50-day moving average price is $34.47 and its two-hundred day moving average price is $32.79. CVR Energy, Inc. has a 12-month low of $22.60 and a 12-month high of $39.36. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 4.34 and a beta of 1.57. 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 released its quarterly earnings data on Tuesday, February 20th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.40. CVR Energy had a net margin of 8.32% and a return on equity of 55.17%. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.26 billion. As a group, equities analysts predict that CVR Energy, Inc. will post 2.73 earnings per share for the current year.

CVR Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date 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.