First Trust Advisors LP lifted its stake in shares of CVR Energy Inc. (NYSE:CVI) by 23.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,820 shares of the oil and gas company’s stock after acquiring an additional 9,782 shares during the period. First Trust Advisors LP owned 0.06% of CVR Energy worth $1,342,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of CVI. Public Employees Retirement System of Ohio grew its stake in CVR Energy by 3.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,651 shares of the oil and gas company’s stock valued at $210,000 after purchasing an additional 358 shares in the last quarter. Zweig DiMenna Associates LLC grew its stake in CVR Energy by 6.4% during the 2nd quarter. Zweig DiMenna Associates LLC now owns 13,300 shares of the oil and gas company’s stock valued at $289,000 after purchasing an additional 800 shares in the last quarter. Advisor Group Inc. grew its stake in CVR Energy by 27.6% during the 2nd quarter. Advisor Group Inc. now owns 4,685 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 1,013 shares in the last quarter. Creative Planning grew its position in shares of CVR Energy by 39.4% in the 2nd quarter. Creative Planning now owns 6,550 shares of the oil and gas company’s stock worth $143,000 after acquiring an additional 1,850 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of CVR Energy by 18.0% in the 2nd quarter. US Bancorp DE now owns 13,054 shares of the oil and gas company’s stock worth $284,000 after acquiring an additional 1,989 shares in the last quarter.
A number of research firms recently issued reports on CVI. ValuEngine downgraded CVR Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. BidaskClub raised CVR Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th.
Shares of CVR Energy Inc. (CVI) opened at $33.65 on Monday. CVR Energy Inc. has a 52-week low of $16.75 and a 52-week high of $34.12. The company has a current ratio of 2.24, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $2,921.86, a price-to-earnings ratio of 51.77 and a beta of 1.80.
CVR Energy (NYSE:CVI) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. CVR Energy had a return on equity of 3.37% and a net margin of 0.71%. The firm had revenue of $1.45 billion for the quarter.
The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 10th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.94%. CVR Energy’s dividend payout ratio is currently 416.68%.
About CVR Energy
CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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