CVR Energy, Inc. (NYSE:CVI) Shares Bought by Everence Capital Management Inc.

Everence Capital Management Inc. lifted its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 34.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,150 shares of the oil and gas company’s stock after acquiring an additional 10,790 shares during the period. Everence Capital Management Inc.’s holdings in CVR Energy were worth $971,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC boosted its position in CVR Energy by 820.5% during the second quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 1,321 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of CVR Energy during the third quarter worth $46,000. Covestor Ltd boosted its holdings in shares of CVR Energy by 45,560.0% during the first quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company’s stock worth $81,000 after purchasing an additional 2,278 shares during the last quarter. Quest Partners LLC grew its position in shares of CVR Energy by 47.3% in the second quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock valued at $93,000 after purchasing an additional 1,119 shares during the period. Finally, DRW Securities LLC purchased a new position in CVR Energy during the second quarter worth about $202,000. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

CVR Energy Stock Down 0.8 %

CVI stock traded down $0.20 during midday trading on Monday, hitting $24.32. 319,924 shares of the company’s stock were exchanged, compared to its average volume of 1,038,784. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 3.76 and a beta of 1.48. 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 firm has a 50 day moving average price of $24.05 and a 200-day moving average price of $27.08. CVR Energy, Inc. has a 12-month low of $21.05 and a 12-month high of $38.07.

CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) 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 analyst estimates of $1.80 billion. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The business’s revenue was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. On average, analysts anticipate that CVR Energy, Inc. will post 0.35 EPS for the current year.

CVR Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a dividend of $0.50 per share. The ex-dividend date was Monday, August 12th. This represents a $2.00 annualized dividend and a dividend yield of 8.22%. CVR Energy’s payout ratio is 30.67%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Tudor Pickering upgraded CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. Mizuho dropped 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. Scotiabank reduced their price target on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research report on Thursday, October 10th. Tudor, Pickering, Holt & Co. downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Finally, UBS Group reduced their target price on shares of CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $24.75.

CVR Energy 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.