Bramshill Investments LLC acquired a new stake in CVR Refining LP (NYSE:CVRR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 74,112 shares of the oil and gas company’s stock, valued at approximately $1,227,000. Bramshill Investments LLC owned about 0.05% of CVR Refining as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of CVRR. Alliancebernstein L.P. boosted its stake in shares of CVR Refining by 14.4% in the 2nd quarter. Alliancebernstein L.P. now owns 13,515 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 1,705 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of CVR Refining by 135.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 186,813 shares of the oil and gas company’s stock valued at $1,840,000 after purchasing an additional 107,620 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of CVR Refining by 32.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 79,712 shares of the oil and gas company’s stock valued at $785,000 after purchasing an additional 19,655 shares during the last quarter. HAP Trading LLC bought a new stake in shares of CVR Refining in the 3rd quarter valued at $4,140,000. Finally, Regal Investment Advisors LLC boosted its stake in shares of CVR Refining by 10.9% in the 3rd quarter. Regal Investment Advisors LLC now owns 41,637 shares of the oil and gas company’s stock valued at $410,000 after purchasing an additional 4,100 shares during the last quarter. 14.34% of the stock is currently owned by institutional investors.
A number of research firms have recently commented on CVRR. Citigroup upped their price objective on shares of CVR Refining from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. ValuEngine raised shares of CVR Refining from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Barclays reaffirmed a “hold” rating and issued a $17.00 price objective on shares of CVR Refining in a research note on Wednesday, January 10th. Zacks Investment Research lowered shares of CVR Refining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Finally, Tudor Pickering lowered shares of CVR Refining from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $12.90.
CVR Refining LP (NYSE:CVRR) opened at $13.15 on Thursday. The stock has a market cap of $1,940.00, a price-to-earnings ratio of 21.92 and a beta of 1.49. CVR Refining LP has a 12 month low of $6.70 and a 12 month high of $18.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 1.45.
CVR Refining (NYSE:CVRR) last issued its earnings results on Thursday, February 22nd. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.50). The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.19 billion. CVR Refining had a return on equity of 6.62% and a net margin of 1.57%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) earnings per share. analysts predict that CVR Refining LP will post 1.48 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, March 5th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 13.69%. The ex-dividend date of this dividend was Friday, March 2nd. CVR Refining’s dividend payout ratio is presently 300.00%.
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About CVR Refining
CVR Refining, LP is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is a petroleum refiner. It owned and operated a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas with a rated capacity of 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery in Wynnewood, Oklahoma with a rated capacity of 70,000 bpcd capable of processing 20,000 bpcd of light sour crude oils (within its rated capacity of 70,000 bpcd), as of December 31, 2016.
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