MQS Management LLC Takes Position in CVR Energy, Inc. (NYSE:CVI)

MQS Management LLC bought a new position in CVR Energy, Inc. (NYSE:CVI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,704 shares of the oil and gas company’s stock, valued at approximately $313,000.

A number of other hedge funds also recently made changes to their positions in CVI. Jones Financial Companies Lllp bought a new stake in CVR Energy during the 4th quarter worth $33,000. Headlands Technologies LLC increased its stake in shares of 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 valued at $40,000 after buying an additional 1,321 shares during the period. Future Financial Wealth Managment LLC bought a new position in CVR Energy in the 1st quarter valued at approximately $71,000. Covestor Ltd boosted its position in CVR Energy by 45,560.0% during the 1st quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company’s stock worth $81,000 after buying an additional 2,278 shares during the period. Finally, Scarborough Advisors LLC bought a new stake in CVR Energy during the 4th quarter worth approximately $89,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Mizuho cut their target price on CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. decreased their price target on CVR Energy from $30.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday, July 2nd. StockNews.com lowered CVR Energy from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Finally, Scotiabank increased their target price on shares of CVR Energy from $24.00 to $25.00 and gave the company a “sector underperform” rating in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat, CVR Energy presently has an average rating of “Reduce” and a consensus price target of $26.50.

CVR Energy Stock Performance

CVI stock opened at $23.50 on Friday. The firm has a market cap of $2.36 billion, a PE ratio of 3.60 and a beta of 1.49. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51. The stock has a 50-day moving average price of $24.87 and a 200-day moving average price of $28.72. CVR Energy, Inc. has a 1-year low of $21.05 and a 1-year high of $38.07.

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 analysts’ consensus estimates of ($0.30) by $0.39. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.64 earnings per share. As a group, equities research analysts expect that CVR Energy, Inc. will post 0.55 earnings per share for the current year.

CVR Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.51%. The ex-dividend date of this dividend was Monday, August 12th. 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.