American Century Companies Inc. Purchases 153,396 Shares of CVR Energy, Inc. (NYSE:CVI)

American Century Companies Inc. boosted its position in CVR Energy, Inc. (NYSE:CVI) by 60.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 407,819 shares of the oil and gas company’s stock after acquiring an additional 153,396 shares during the quarter. American Century Companies Inc. owned 0.41% of CVR Energy worth $10,917,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. SummerHaven Investment Management LLC increased its stake in CVR Energy by 2.2% in the second quarter. SummerHaven Investment Management LLC now owns 24,511 shares of the oil and gas company’s stock valued at $656,000 after acquiring an additional 530 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in CVR Energy by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,485 shares of the oil and gas company’s stock valued at $767,000 after buying an additional 990 shares during the period. Jones Financial Companies Lllp purchased a new stake in CVR Energy during the fourth quarter valued at about $33,000. Quest Partners LLC boosted its position in CVR Energy by 47.3% during the second quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock valued at $93,000 after buying an additional 1,119 shares during the period. Finally, 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 valued at $40,000 after buying an additional 1,321 shares during the period. Institutional investors own 98.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CVI shares. StockNews.com lowered shares of CVR Energy from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th. Tudor, Pickering, Holt & Co. lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Mizuho cut their price target on shares of CVR Energy from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Scotiabank upped their price target on shares of CVR Energy from $24.00 to $25.00 and gave the company a “sector underperform” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of CVR Energy from $30.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, July 2nd. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $26.50.

CVR Energy Stock Performance

CVR Energy stock opened at $23.47 on Monday. 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 of $24.85 and a 200-day moving average of $28.62. The firm has a market cap of $2.36 billion, a P/E ratio of 3.60 and a beta of 1.49. CVR Energy, Inc. has a 1-year low of $21.05 and a 1-year high of $38.07.

CVR Energy (NYSE:CVI) last posted its earnings results on Monday, July 29th. The oil and gas company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.39. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business posted $1.64 earnings per share. CVR Energy’s revenue for the quarter was down 12.0% on a year-over-year basis. Sell-side analysts expect that CVR Energy, Inc. will post 0.55 EPS for the current year.

CVR Energy Announces Dividend

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