CVR Energy, Inc. (NYSE:CVI) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in CVR Energy, Inc. (NYSE:CVI) by 104.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,704 shares of the oil and gas company’s stock after buying an additional 8,537 shares during the period. Commonwealth Equity Services LLC’s holdings in CVR Energy were worth $447,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new position in CVR Energy in the 2nd quarter worth approximately $530,000. Empirical Finance LLC raised its position in shares of CVR Energy by 16.6% during the 2nd quarter. Empirical Finance LLC now owns 19,837 shares of the oil and gas company’s stock valued at $531,000 after buying an additional 2,829 shares during the period. TrueMark Investments LLC purchased a new stake in shares of CVR Energy during the 2nd quarter valued at approximately $419,000. Bank of New York Mellon Corp raised its position in shares of CVR Energy by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 975,323 shares of the oil and gas company’s stock valued at $26,109,000 after buying an additional 3,134 shares during the period. Finally, SummerHaven Investment Management LLC raised its position 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. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Trading Down 4.6 %

NYSE CVI opened at $23.47 on Friday. The stock has a market capitalization of $2.36 billion, a P/E ratio of 3.60 and a beta of 1.49. CVR Energy, Inc. has a 52-week low of $21.05 and a 52-week high of $38.07. The firm has a 50-day moving average price of $24.85 and a 200 day moving average price 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 released its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 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 net margin of 6.39% and a return on equity of 25.00%. The company’s quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 earnings per share. Equities research 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. Shareholders of record on Monday, August 12th were paid 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 of this dividend was Monday, August 12th. CVR Energy’s dividend payout ratio is currently 30.67%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of CVR Energy from $30.00 to $26.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 2nd. Scotiabank boosted their target price on CVR Energy from $24.00 to $25.00 and gave the company a “sector underperform” rating in a research report on Wednesday, July 31st. Tudor, Pickering, Holt & Co. lowered CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Tudor Pickering raised CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. Finally, UBS Group cut their target price 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. Four equities research 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 currently has an average rating of “Reduce” and an average price target of $26.50.

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.