CVR Energy, Inc. (NYSE:CVI) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its position in CVR Energy, Inc. (NYSE:CVI) by 27.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,799 shares of the oil and gas company’s stock after acquiring an additional 1,692 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in CVR Energy were worth $209,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of CVR Energy during the fourth quarter worth about $11,567,000. US Bancorp DE lifted its stake in CVR Energy by 480.7% during the fourth quarter. US Bancorp DE now owns 19,377 shares of the oil and gas company’s stock worth $587,000 after purchasing an additional 16,040 shares during the last quarter. TFO Wealth Partners LLC lifted its stake in CVR Energy by 246,550.0% during the fourth quarter. TFO Wealth Partners LLC now owns 4,933 shares of the oil and gas company’s stock worth $149,000 after purchasing an additional 4,931 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in CVR Energy during the fourth quarter worth approximately $33,000. Finally, Rafferty Asset Management LLC lifted its stake 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 purchasing an additional 28,797 shares during the last quarter. 98.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Tudor, Pickering, Holt & Co. cut CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Mizuho decreased their target price on CVR Energy from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. UBS Group decreased their target price on CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. StockNews.com cut CVR Energy from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $26.50.

CVR Energy Price Performance

Shares of NYSE CVI opened at $23.50 on Wednesday. CVR Energy, Inc. has a twelve month low of $21.05 and a twelve month high of $38.07. 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 of $24.59 and a two-hundred day moving average of $28.08. The stock has a market cap of $2.36 billion, a P/E ratio of 3.60 and a beta of 1.49.

CVR Energy (NYSE:CVI) last released 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. CVR Energy had a return on equity of 25.00% and a net margin of 6.39%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the business earned $1.64 earnings per share. The company’s quarterly revenue was down 12.0% compared to the same quarter last year. On average, research analysts forecast that CVR Energy, Inc. will post 0.5 earnings per share for the current year.

CVR Energy Dividend Announcement

The business 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. This represents a $2.00 annualized dividend and a dividend yield of 8.51%. The ex-dividend date was Monday, August 12th. CVR Energy’s dividend payout ratio (DPR) 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.