Recent changes in large investors’ holdings of CVR Energy include:
- SummerHaven Investment Management LLC increased its stake by 2.2%, owning 24,511 shares valued at $656,000 after buying 530 additional shares.
- Price T Rowe Associates Inc. raised its stake by 4.8%, now holding 21,485 shares valued at $767,000 after purchasing 990 shares.
- Quest Partners LLC grew its position by 47.3%, owning 3,485 shares worth $93,000 after acquiring 1,119 shares.
- Headlands Technologies LLC significantly increased its stake by 820.5%, owning 1,482 shares valued at $40,000 after buying 1,321 shares.
- Mercer Global Advisors Inc. ADV raised its stake by 27.7%, now owning 7,799 shares worth $209,000 after acquiring 1,692 shares.
Institutional investors and hedge funds currently own 98.88% of CVR Energy.
CVR Energy Trading Activity
CVR Energy (NYSE CVI) shares opened at $24.29, with a 1-year range of $21.05 to $38.07. Key financial metrics include:
- Market Cap: $2.44 billion
- PE Ratio: 3.73
- Debt-to-Equity Ratio: 1.51
Recent Earnings Report
CVR Energy reported $0.09 earnings per share (EPS) exceeding the expected ($0.30) on July 29th. Revenue was $1.97 billion, above the $1.80 billion estimate, but down 12% year-over-year. Analysts expect EPS of 0.5 for the current fiscal year.
Recent Dividends
The company declared a quarterly dividend of $0.50 per share, paid on August 19th, with a yield of 8.23% and an annualized dividend of $2.00.
Analyst Ratings
Analysts have mixed views on CVR Energy:
- Mizuho downgraded from $27 to $25, rating it “neutral”.
- JPMorgan lowered their price target from $26 to $23, setting an “underweight” rating.
- Tudor, Pickering, Holt & Co. cut their rating from “hold” to “sell”.
- UBS reduced their target from $33.75 to $30 (neutral rating).
- Scotiabank raised their target from $24 to $25 (sector underperform rating).
The average rating is “Reduce” with a target price of $25.75.
About CVR Energy
CVR Energy, Inc. operates in petroleum refining and nitrogen fertilizer manufacturing in the U.S.
Further Reading
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Want to see what other hedge funds are holding CVI? Visit HoldingsChannel.com for the latest filings.
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