Dimensional Fund Advisors LP Has $55.48 Million Stake in CVR Energy, Inc. (NYSE:CVI)

Dimensional Fund Advisors LP boosted its stake in CVR Energy, Inc. (NYSE:CVI) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,072,334 shares of the oil and gas company’s stock after buying an additional 44,636 shares during the quarter. Dimensional Fund Advisors LP’s holdings in CVR Energy were worth $55,476,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its stake in CVR Energy by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 66,107 shares of the oil and gas company’s stock valued at $1,770,000 after buying an additional 2,219 shares in the last quarter. Inspire Advisors LLC acquired a new position in CVR Energy in the second quarter worth $599,000. American Century Companies Inc. boosted its stake in CVR Energy by 60.3% in the second quarter. American Century Companies Inc. now owns 407,819 shares of the oil and gas company’s stock worth $10,917,000 after purchasing an additional 153,396 shares in the last quarter. Headlands Technologies LLC boosted its stake in CVR Energy by 820.5% in the second quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 1,321 shares in the last quarter. Finally, SIR Capital Management L.P. acquired a new position in CVR Energy in the second quarter worth $17,907,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CVI. Tudor Pickering raised CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. Mizuho reduced their price objective on 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, Holt & Co. lowered CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. UBS Group reduced their price objective on CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Finally, StockNews.com lowered CVR Energy from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $26.50.

CVR Energy Trading Up 0.9 %

Shares of CVI opened at $23.15 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 1.51. CVR Energy, Inc. has a 12-month low of $21.05 and a 12-month high of $38.07. The firm has a market capitalization of $2.33 billion, a PE ratio of 3.55 and a beta of 1.49. The stock’s fifty day simple moving average is $24.65 and its 200-day simple moving average is $28.29.

CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.39. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.80 billion. CVR Energy had a return on equity of 25.00% and a net margin of 6.39%. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.64 earnings per share. As a group, research analysts predict that CVR Energy, Inc. will post 0.5 earnings per share for the current year.

CVR Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.00 dividend on an annualized basis and a yield of 8.64%. CVR Energy’s dividend payout ratio is presently 30.67%.

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.