AQR Capital Management LLC Has $1.43 Million Stock Position in CVR Energy, Inc. (NYSE:CVI)

AQR Capital Management LLC increased its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 223.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,258 shares of the oil and gas company’s stock after acquiring an additional 36,802 shares during the quarter. AQR Capital Management LLC owned about 0.05% of CVR Energy worth $1,426,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Headlands Technologies LLC lifted its position in CVR Energy by 820.5% during the 2nd 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. Future Financial Wealth Managment LLC bought a new stake in CVR Energy during the 1st quarter worth approximately $71,000. Covestor Ltd increased its stake in CVR Energy by 45,560.0% during the 1st 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 in the last quarter. Scarborough Advisors LLC bought a new position in shares of CVR Energy during the 4th quarter worth approximately $89,000. Finally, Quest Partners LLC grew its stake in shares of CVR Energy by 47.3% during the 2nd quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock worth $93,000 after acquiring an additional 1,119 shares in the last quarter. Institutional investors own 98.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CVI shares. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. UBS Group dropped their price target on CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. JPMorgan Chase & Co. dropped their price objective on CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, October 2nd. Tudor Pickering upgraded CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. Finally, Scotiabank dropped their price objective on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating for the company in a report on Thursday. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $24.75.

CVR Energy Trading Up 1.4 %

CVI stock opened at $24.63 on Friday. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 3.78 and a beta of 1.48. The business’s 50-day moving average is $24.19 and its 200 day moving average is $27.62. CVR Energy, Inc. has a 12-month low of $21.05 and a 12-month high of $38.07. The company has a current ratio of 1.46, a quick ratio of 0.93 and a debt-to-equity ratio of 1.51.

CVR Energy (NYSE:CVI) last released its quarterly earnings data 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 company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.80 billion. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. CVR Energy’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.64 earnings per share. On average, sell-side analysts anticipate that CVR Energy, Inc. will post 0.5 EPS for the current fiscal year.

CVR Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.12%. CVR Energy’s dividend payout ratio (DPR) is presently 30.67%.

About CVR Energy

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.