US Bancorp DE reduced its position in shares of CVR Energy, Inc. (NYSE:CVI) by 44.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,294 shares of the oil and gas company’s stock after selling 9,150 shares during the quarter. US Bancorp DE’s holdings in CVR Energy were worth $341,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Price Capital Management Inc. purchased a new position in CVR Energy in the 4th quarter valued at about $1,176,000. Teacher Retirement System of Texas acquired a new stake in CVR Energy in the 4th quarter valued at about $220,000. KBC Group NV acquired a new stake in CVR Energy in the 4th quarter valued at about $908,000. Global X Management Co. LLC raised its holdings in CVR Energy by 0.4% in the 4th quarter. Global X Management Co. LLC now owns 404,402 shares of the oil and gas company’s stock valued at $15,060,000 after acquiring an additional 1,700 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in CVR Energy by 6.0% in the 4th quarter. BlackRock Inc. now owns 1,168,728 shares of the oil and gas company’s stock valued at $43,523,000 after acquiring an additional 66,226 shares during the last quarter.
CVR Energy opened at $36.53 on Friday, MarketBeat.com reports. CVR Energy, Inc. has a fifty-two week low of $16.75 and a fifty-two week high of $47.67. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.20 and a quick ratio of 1.38. The company has a market capitalization of $3.14 billion, a P/E ratio of 36.16 and a beta of 1.62.
CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Thursday, April 26th. The oil and gas company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.44. CVR Energy had a net margin of 4.63% and a return on equity of 5.18%. The company had revenue of $1.54 billion during the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 13th. Shareholders of record on Monday, August 6th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 8.21%. The ex-dividend date is Friday, August 3rd. This is a boost from CVR Energy’s previous quarterly dividend of $0.50.
Separately, ValuEngine upgraded shares of CVR Energy from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th.
CVR Energy Profile
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through, Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, pet coke, natural gas liquids, slurry, sulfur, gas oil, asphalt, jet fuel, and other products.
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