CVR Energy, Inc. (NYSE:CVI) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 44.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 559,333 shares of the oil and gas company’s stock after selling 447,651 shares during the quarter. Renaissance Technologies LLC owned 0.56% of CVR Energy worth $14,973,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of CVR Energy during the fourth quarter worth $33,000. Headlands Technologies LLC lifted its holdings in shares of 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 purchasing an additional 1,321 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of CVR Energy during the first quarter worth $71,000. Covestor Ltd raised its position in CVR Energy by 45,560.0% in the first quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company’s stock worth $81,000 after acquiring an additional 2,278 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new position in CVR Energy in the fourth quarter worth $89,000. 98.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on CVI shares. Mizuho cut their price objective on CVR Energy from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Tudor Pickering upgraded CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. StockNews.com cut CVR Energy from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th. Tudor, Pickering, Holt & Co. cut CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Finally, UBS Group cut their price objective on CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, CVR Energy presently has an average rating of “Reduce” and a consensus target price of $26.50.

CVR Energy Trading Down 4.6 %

Shares of CVI stock opened at $23.47 on Friday. CVR Energy, Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $38.07. The stock has a market cap of $2.36 billion, a P/E ratio of 3.60 and a beta of 1.49. The business has a fifty day simple moving average of $24.85 and a 200-day simple moving average of $28.64. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 1.51.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $1.64 earnings per share. The business’s revenue for the quarter was down 12.0% on a year-over-year basis. On average, analysts forecast that CVR Energy, Inc. will post 0.55 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date was Monday, August 12th. CVR Energy’s dividend payout ratio is presently 30.67%.

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.