Future Financial Wealth Managment LLC Purchases Shares of 2,000 CVR Energy, Inc. (NYSE:CVI)

Future Financial Wealth Managment LLC acquired a new position in shares of CVR Energy, Inc. (NYSE:CVI) in the 1st quarter, Holdings Channel reports. The fund acquired 2,000 shares of the oil and gas company’s stock, valued at approximately $71,000.

A number of other hedge funds have also modified their holdings of CVI. BTC Capital Management Inc. acquired a new position in shares of CVR Energy during the 1st quarter worth about $605,000. Vanguard Group Inc. boosted its holdings in shares of CVR Energy by 12.1% in the 4th quarter. Vanguard Group Inc. now owns 3,934,944 shares of the oil and gas company’s stock valued at $119,229,000 after buying an additional 424,348 shares during the last quarter. Virtu Financial LLC bought a new position in shares of CVR Energy in the fourth quarter valued at $248,000. Scarborough Advisors LLC acquired a new position in CVR Energy during the fourth quarter worth $89,000. Finally, Rafferty Asset Management LLC raised its position in CVR Energy by 26.0% during the fourth quarter. Rafferty Asset Management LLC now owns 139,610 shares of the oil and gas company’s stock worth $4,230,000 after acquiring an additional 28,797 shares in the last quarter. 98.88% of the stock is currently owned by institutional investors.

CVR Energy Trading Up 0.3 %

Shares of NYSE:CVI opened at $26.78 on Thursday. The business’s 50 day simple moving average is $29.05 and its 200 day simple moving average is $31.76. CVR Energy, Inc. has a 1 year low of $26.16 and a 1 year high of $39.36. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.49 and a quick ratio of 0.91. The company has a market capitalization of $2.69 billion, a P/E ratio of 4.11 and a beta of 1.57.

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

CVR Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Scotiabank lifted their price objective on shares of 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 cut CVR Energy from a “buy” rating to a “hold” rating in a report on Sunday, June 16th. Finally, UBS Group dropped their price objective on CVR Energy from $37.00 to $33.75 and set a “neutral” rating on the stock in a research note on Tuesday, May 14th.

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.