CVR Energy, Inc. (NYSE:CVI) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC grew its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 10.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,502 shares of the oil and gas company’s stock after purchasing an additional 12,750 shares during the quarter. Squarepoint Ops LLC owned 0.13% of CVR Energy worth $3,520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. SummerHaven Investment Management LLC raised its holdings in shares of CVR Energy by 2.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 24,511 shares of the oil and gas company’s stock valued at $656,000 after buying an additional 530 shares during the period. Price T Rowe Associates Inc. MD grew its position in CVR Energy by 4.8% in 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 acquiring an additional 990 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of CVR Energy during the fourth quarter valued at approximately $33,000. Quest Partners LLC lifted its position in shares of 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 worth $93,000 after purchasing an additional 1,119 shares in the last quarter. Finally, Headlands Technologies LLC boosted its stake in shares of CVR Energy by 820.5% in the second quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 1,321 shares during the period. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Stock Up 2.0 %

Shares of CVR Energy stock opened at $23.50 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 1.51. The business has a 50-day moving average price of $24.59 and a 200 day moving average price of $28.08. CVR Energy, Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $38.07. 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 (NYSE:CVI) last posted its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.39. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.80 billion. CVR Energy had a return on equity of 25.00% and a net margin of 6.39%. The business’s revenue was down 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 EPS. On average, sell-side analysts forecast that CVR Energy, Inc. will post 0.5 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a $0.50 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.51%. CVR Energy’s payout ratio is currently 30.67%.

Wall Street Analysts Forecast Growth

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

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.