15,620 Shares in CVR Energy Inc. $CVI Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in shares of CVR Energy Inc. (NYSE:CVI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,620 shares of the oil and gas company’s stock, valued at approximately $430,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capstone Investment Advisors LLC bought a new position in shares of CVR Energy in the second quarter worth about $791,000. Bank of America Corp DE grew its holdings in CVR Energy by 19.4% in the 2nd quarter. Bank of America Corp DE now owns 671,728 shares of the oil and gas company’s stock valued at $18,499,000 after buying an additional 109,338 shares during the last quarter. Man Group plc acquired a new stake in CVR Energy in the 2nd quarter valued at approximately $1,554,000. Jupiter Topco LLC bought a new position in CVR Energy in the 2nd quarter worth approximately $362,000. Finally, PDT Partners LLC bought a new position in CVR Energy in the 2nd quarter worth approximately $14,502,000. 98.88% of the stock is owned by institutional investors and hedge funds.

CVR Energy Trading Up 0.4%

Shares of CVI stock opened at $43.04 on Thursday. CVR Energy Inc. has a 52-week low of $19.62 and a 52-week high of $44.33. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 63.30 and a beta of 0.85. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.92 and a current ratio of 1.42. The firm has a fifty day moving average of $34.11 and a 200-day moving average of $31.66.

CVR Energy (NYSE:CVI) last issued its earnings results on Wednesday, July 29th. The oil and gas company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.08. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.22 billion. CVR Energy had a net margin of 0.81% and a negative return on equity of 15.21%. The firm’s revenue was up 55.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.23) EPS. On average, equities research analysts forecast that CVR Energy Inc. will post 0.79 earnings per share for the current fiscal year.

CVR Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, August 10th. CVR Energy’s dividend payout ratio is currently 58.82%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CVI. Wall Street Zen upgraded shares of CVR Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Tudor Pickering cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Thursday, June 4th. Zacks Research upgraded shares of CVR Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. UBS Group restated a “neutral” rating and set a $35.00 price objective on shares of CVR Energy in a report on Monday, June 29th. Finally, Mizuho increased their target price on shares of CVR Energy from $28.00 to $29.00 and gave the company an “underperform” rating in a research note on Tuesday, August 4th. Three research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Sell” and a consensus price target of $30.50.

About CVR Energy

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.