CVR Energy, Inc. (NYSE:CVI) Shares Bought by Quest Partners LLC

Quest Partners LLC boosted its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 47.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,485 shares of the oil and gas company’s stock after buying an additional 1,119 shares during the quarter. Quest Partners LLC’s holdings in CVR Energy were worth $93,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CVI. Vanguard Group Inc. raised its holdings in shares of CVR Energy by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 4,020,717 shares of the oil and gas company’s stock valued at $143,379,000 after buying an additional 85,773 shares during the period. Dimensional Fund Advisors LP increased its stake in CVR Energy by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,842,818 shares of the oil and gas company’s stock worth $55,839,000 after purchasing an additional 103,235 shares during the period. Bank of New York Mellon Corp increased its stake in CVR Energy by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 975,323 shares of the oil and gas company’s stock worth $26,109,000 after purchasing an additional 3,134 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of CVR Energy by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 554,792 shares of the oil and gas company’s stock worth $16,810,000 after purchasing an additional 11,614 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of CVR Energy in the fourth quarter valued at approximately $11,567,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Stock Up 3.7 %

CVR Energy stock opened at $23.80 on Wednesday. The stock’s fifty day moving average is $24.89 and its two-hundred day moving average is $28.85. The stock has a market cap of $2.39 billion, a PE ratio of 3.65 and a beta of 1.49. CVR Energy, Inc. has a 1-year low of $21.05 and a 1-year high of $38.07. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.46 and a quick ratio of 0.93.

CVR Energy (NYSE:CVI) last issued its earnings results on Monday, July 29th. The oil and gas company reported $0.09 earnings per share for the quarter, topping 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 business’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter last year, the company earned $1.64 EPS. On average, sell-side analysts expect that CVR Energy, Inc. will post 0.55 EPS for the current fiscal year.

CVR Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 8.40%. The ex-dividend date was Monday, August 12th. CVR Energy’s payout ratio is 30.67%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CVI shares. Tudor Pickering upgraded shares of CVR Energy to a “strong sell” rating in a report on Monday, September 9th. JPMorgan Chase & Co. reduced their price objective on CVR Energy from $30.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 2nd. Tudor, Pickering, Holt & Co. cut CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Mizuho reduced their price target on CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Scotiabank boosted their price objective on CVR Energy from $24.00 to $25.00 and gave the stock a “sector underperform” rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $26.50.

About CVR Energy

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.