Jones Financial Companies Lllp Invests $33,000 in CVR Energy, Inc. (NYSE:CVI)

Jones Financial Companies Lllp purchased a new stake in shares of CVR Energy, Inc. (NYSE:CVIFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,101 shares of the oil and gas company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. TFO Wealth Partners LLC boosted its holdings in CVR Energy by 246,550.0% in the fourth quarter. TFO Wealth Partners LLC now owns 4,933 shares of the oil and gas company’s stock valued at $149,000 after acquiring an additional 4,931 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in CVR Energy in the third quarter worth about $209,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in CVR Energy by 19.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,810 shares of the oil and gas company’s stock valued at $206,000 after acquiring an additional 1,106 shares in the last quarter. Camelot Portfolios LLC bought a new position in shares of CVR Energy in the 4th quarter worth approximately $229,000. Finally, Federated Hermes Inc. lifted its stake in shares of CVR Energy by 120.4% in the 4th quarter. Federated Hermes Inc. now owns 7,586 shares of the oil and gas company’s stock valued at $230,000 after purchasing an additional 4,144 shares during the period. Hedge funds and other institutional investors own 98.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CVI shares. UBS Group lowered their price objective on CVR Energy from $37.00 to $33.75 and set a “neutral” rating for the company in a research report on Tuesday, May 14th. Scotiabank boosted their price objective on shares of CVR Energy from $25.00 to $29.00 and gave the stock a “sector underperform” rating in a research note on Thursday, April 11th. Finally, StockNews.com downgraded shares of CVR Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 31st.

Read Our Latest Report on CVI

CVR Energy Stock Up 0.5 %

CVR Energy stock opened at $26.78 on Friday. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 4.11 and a beta of 1.57. The company has a current ratio of 1.49, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. CVR Energy, Inc. has a 12 month low of $25.83 and a 12 month high of $39.36. The stock has a fifty day simple moving average of $31.51 and a two-hundred day simple moving average of $32.21.

CVR Energy (NYSE:CVIGet Free Report) last issued its earnings results on Monday, April 29th. The oil and gas company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09). The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.96 billion. CVR Energy had a return on equity of 40.14% and a net margin of 7.44%. CVR Energy’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same period last year, the firm posted $1.44 EPS. Equities analysts predict that CVR Energy, Inc. will post 1.27 EPS for the current fiscal year.

CVR Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 7.47%. The ex-dividend date of this dividend was Friday, May 10th. CVR Energy’s dividend payout ratio is currently 30.67%.

About CVR Energy

(Free Report)

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.

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Institutional Ownership by Quarter for CVR Energy (NYSE:CVI)

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