Thrivent Financial for Lutherans Reduces Holdings in CVR Energy, Inc. (NYSE:CVI)

Thrivent Financial for Lutherans lowered its position in CVR Energy, Inc. (NYSE:CVI) by 55.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 24,202 shares of the oil and gas company’s stock after selling 30,146 shares during the period. Thrivent Financial for Lutherans’ holdings in CVR Energy were worth $648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC raised its position 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 buying an additional 1,321 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in CVR Energy in the 1st quarter worth approximately $71,000. Covestor Ltd boosted its holdings in shares of 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 during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of CVR Energy in the fourth quarter valued at approximately $89,000. Finally, Quest Partners LLC increased its holdings in shares of CVR Energy by 47.3% in the second quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock valued at $93,000 after purchasing an additional 1,119 shares during the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

Wall Street Analyst Weigh In

CVI has been the topic of a number of recent research reports. Tudor, Pickering, Holt & Co. lowered CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Tudor Pickering raised shares of CVR Energy to a “strong sell” rating in a report on Monday, September 9th. Scotiabank lifted their target price 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 shares of CVR Energy from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Finally, Mizuho reduced their price target on shares of CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, CVR Energy currently has a consensus rating of “Reduce” and an average price target of $25.75.

CVR Energy Price Performance

Shares of CVI opened at $23.79 on Wednesday. CVR Energy, Inc. has a 1-year low of $21.05 and a 1-year high of $38.07. The stock has a market cap of $2.39 billion, a PE ratio of 3.65 and a beta of 1.48. The firm has a 50-day simple moving average of $24.33 and a two-hundred day simple moving average of $27.66. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.46 and a quick ratio of 0.93.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data 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. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.80 billion. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The firm’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter last year, the company posted $1.64 EPS. As a group, analysts forecast that CVR Energy, Inc. will post 0.5 EPS for the current year.

CVR Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were issued a $0.50 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.00 annualized dividend and a dividend yield of 8.41%. 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.