DRW Securities LLC Acquires New Holdings in CVR Energy, Inc. (NYSE:CVI)

DRW Securities LLC bought a new stake in shares of CVR Energy, Inc. (NYSE:CVI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,529 shares of the oil and gas company’s stock, valued at approximately $202,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in CVR Energy by 12.1% during 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 period. Rafferty Asset Management LLC increased its stake in CVR Energy by 26.0% during the 4th quarter. Rafferty Asset Management LLC now owns 139,610 shares of the oil and gas company’s stock valued at $4,230,000 after buying an additional 28,797 shares during the period. Norges Bank acquired a new position in CVR Energy during the 4th quarter valued at about $11,567,000. Kingsview Wealth Management LLC acquired a new position in CVR Energy during the 1st quarter valued at about $754,000. Finally, Neo Ivy Capital Management acquired a new position in CVR Energy during the 2nd quarter valued at about $2,484,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Stock Performance

CVI stock opened at $22.88 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 1.46. The stock has a market cap of $2.30 billion, a P/E ratio of 3.51 and a beta of 1.49. The firm has a 50 day simple moving average of $24.77 and a 200 day simple moving average of $28.47. CVR Energy, Inc. has a 52 week low of $21.05 and a 52 week high of $38.07.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.30) by $0.39. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.80 billion. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period last year, the company posted $1.64 earnings per share. Research analysts anticipate that CVR Energy, Inc. will post 0.55 earnings per share for the current fiscal year.

CVR Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.00 annualized dividend and a dividend yield of 8.74%. CVR Energy’s dividend payout ratio (DPR) is 30.67%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CVI. StockNews.com cut shares of CVR Energy from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Tudor, Pickering, Holt & Co. cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Mizuho lowered their price objective on shares of CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Tudor Pickering raised shares of CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of CVR Energy from $30.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 2nd. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $26.50.

CVR Energy 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.