Several large investors recently changed their holdings in CVR Energy.
– **SummerHaven Investment Management** increased its stake by 2.2%, now owning 24,511 shares worth $656,000 after buying 530 shares.
– **Price T Rowe Associates** raised its holdings by 4.8%, with 21,485 shares valued at $767,000; they purchased 990 shares.
– **Quest Partners** boosted its position by 47.3%, holding 3,485 shares worth $93,000 after acquiring 1,119 additional shares.
– **Headlands Technologies** grew its holdings by 820.5%, now owning 1,482 shares valued at $40,000, after buying 1,321 shares.
– **Mercer Global Advisors** increased its stake by 27.7%, owning 7,799 shares worth $209,000 after obtaining 1,692 shares.
Overall, institutional investors own 98.88% of CVR Energy’s stock.
CVR Energy Trading Updates
On Thursday, CVR Energy shares opened at $24.29. The stock has ranged from a low of $21.05 to a high of $38.07 over the past year. Key stats include:
– Market Cap: $2.44 billion
– PE Ratio: 3.73
– Current Ratio: 1.46
– Debt-to-Equity: 1.51
CVR Energy reported earnings of $0.09 per share on July 29, exceeding estimates of ($0.30). Revenue was $1.97 billion, surpassing projections of $1.80 billion. The previous year, earnings were $1.64 EPS, reflecting a 12% revenue decrease from last year.
Dividend Announcement
The company paid a quarterly dividend of $0.50 per share on August 19. Shareholders recorded on August 12 received this payment, leading to an annualized dividend of $2.00 with a yield of 8.23%.
Analyst Ratings
Recent reports show analysts adjusting their price targets:
– **Mizuho** lowered its target from $27.00 to $25.00 with a “neutral” rating.
– **JPMorgan** revised its target from $26.00 to $23.00, rating it as “underweight.”
– **Tudor, Pickering, Holt & Co.** downgraded from “hold” to “sell.”
– **UBS** decreased its target from $33.75 to $30.00 and maintained a “neutral” rating.
– **Scotiabank** raised its target from $24.00 to $25.00 with a “sector underperform” rating.
Overall, there are four sell ratings and three hold ratings, resulting in an average rating of “Reduce” with a target price of $25.75.
About CVR Energy
CVR Energy, Inc. operates in petroleum refining and fertilizer manufacturing in the U.S., dealing in gasoline, crude oil, and various refined products.
Further Reading
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