Global X MANAGEMENT CO LLC raised its position in CVR Energy Inc. (NYSE:CVI) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 402,702 shares of the oil and gas company’s stock after acquiring an additional 18,818 shares during the quarter. Global X MANAGEMENT CO LLC owned approximately 0.46% of CVR Energy worth $10,430,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in CVR Energy by 10.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,686,288 shares of the oil and gas company’s stock valued at $36,694,000 after acquiring an additional 157,473 shares in the last quarter. Advisors Asset Management Inc. grew its position in CVR Energy by 4.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,394,239 shares of the oil and gas company’s stock valued at $30,339,000 after acquiring an additional 59,515 shares in the last quarter. Acadian Asset Management LLC grew its position in CVR Energy by 429.5% in the 2nd quarter. Acadian Asset Management LLC now owns 400,571 shares of the oil and gas company’s stock valued at $8,716,000 after acquiring an additional 324,918 shares in the last quarter. Prudential Financial Inc. grew its position in CVR Energy by 43.4% in the 3rd quarter. Prudential Financial Inc. now owns 395,168 shares of the oil and gas company’s stock valued at $10,235,000 after acquiring an additional 119,520 shares in the last quarter. Finally, Global X Management Co. LLC grew its position in CVR Energy by 4.7% in the 2nd quarter. Global X Management Co. LLC now owns 383,884 shares of the oil and gas company’s stock valued at $8,353,000 after acquiring an additional 17,313 shares in the last quarter. 99.36% of the stock is owned by institutional investors.
Shares of CVR Energy Inc. (CVI) traded down $0.14 on Friday, hitting $30.37. The stock had a trading volume of 255,413 shares, compared to its average volume of 493,279. The company has a quick ratio of 1.70, a current ratio of 2.24 and a debt-to-equity ratio of 0.72. The stock has a market cap of $2,630.00, a PE ratio of 46.93 and a beta of 1.73. CVR Energy Inc. has a fifty-two week low of $15.19 and a fifty-two week high of $32.42.
CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.08. The business had revenue of $1.45 billion during the quarter. CVR Energy had a return on equity of 3.37% and a net margin of 0.71%.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.59%. The ex-dividend date of this dividend is Thursday, November 9th. CVR Energy’s payout ratio is presently 425.53%.
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Several research firms have weighed in on CVI. ValuEngine downgraded CVR Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 5th. BidaskClub raised CVR Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th.
CVR Energy Profile
CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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