Magnetar Financial LLC Acquires New Position in CVR Energy Inc. $CVI

Magnetar Financial LLC acquired a new stake in shares of CVR Energy Inc. (NYSE:CVI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 181,874 shares of the oil and gas company’s stock, valued at approximately $4,627,000. Magnetar Financial LLC owned approximately 0.18% of CVR Energy at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd purchased a new stake in CVR Energy during the 4th quarter valued at about $40,000. Squarepoint Ops LLC acquired a new position in CVR Energy in the 4th quarter valued at about $9,616,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in CVR Energy by 42.7% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 469,888 shares of the oil and gas company’s stock valued at $11,954,000 after purchasing an additional 140,703 shares during the last quarter. Bridgefront Capital LLC acquired a new position in CVR Energy in the 4th quarter valued at about $466,000. Finally, Public Sector Pension Investment Board boosted its holdings in CVR Energy by 44.3% in the 4th quarter. Public Sector Pension Investment Board now owns 169,724 shares of the oil and gas company’s stock valued at $4,318,000 after purchasing an additional 52,119 shares during the last quarter. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Stock Performance

Shares of CVI stock opened at $28.49 on Wednesday. The firm’s 50 day moving average price is $32.47 and its 200-day moving average price is $28.96. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.89 and a current ratio of 1.44. CVR Energy Inc. has a one year low of $19.62 and a one year high of $41.67. The firm has a market cap of $2.86 billion, a P/E ratio of -66.27 and a beta of 0.80.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.54) by ($0.70). CVR Energy had a negative return on equity of 22.36% and a negative net margin of 0.56%.The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the company posted ($0.58) earnings per share. The business’s revenue was up 20.3% compared to the same quarter last year. As a group, equities research analysts predict that CVR Energy Inc. will post 0.88 EPS for the current year.

CVR Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 11th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, May 11th. CVR Energy’s dividend payout ratio is currently -93.02%.

Analysts Set New Price Targets

CVI has been the topic of several recent analyst reports. Tudor Pickering lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Thursday, June 4th. Raymond James Financial upgraded shares of CVR Energy from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 25th. The Goldman Sachs Group initiated coverage on shares of CVR Energy in a report on Friday, April 10th. They issued a “sell” rating and a $30.00 target price on the stock. Mizuho boosted their target price on shares of CVR Energy from $32.00 to $35.00 and gave the company an “underperform” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Two analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Sell” and an average price target of $32.50.

CVR Energy Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.