WINTON GROUP Ltd Increases Stock Position in CVR Energy Inc. $CVI

WINTON GROUP Ltd increased its holdings in shares of CVR Energy Inc. (NYSE:CVI) by 357.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 164,204 shares of the oil and gas company’s stock after purchasing an additional 128,339 shares during the period. WINTON GROUP Ltd owned 0.16% of CVR Energy worth $4,522,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. GSA Capital Partners LLP increased its holdings in shares of CVR Energy by 136.0% in the 4th quarter. GSA Capital Partners LLP now owns 51,991 shares of the oil and gas company’s stock valued at $1,323,000 after acquiring an additional 29,963 shares during the period. NFJ Investment Group LLC purchased a new stake in shares of CVR Energy during the 2nd quarter worth $2,198,000. PDT Partners LLC bought a new stake in CVR Energy during the second quarter valued at about $14,502,000. Vanguard Group Inc. boosted its position in CVR Energy by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 3,705,809 shares of the oil and gas company’s stock valued at $94,276,000 after purchasing an additional 106,906 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in CVR Energy in the second quarter valued at about $1,878,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

CVR Energy Stock Up 1.7%

NYSE:CVI opened at $48.52 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.42 and a quick ratio of 0.92. The company’s fifty day moving average price is $36.27 and its 200-day moving average price is $32.65. CVR Energy Inc. has a 1-year low of $19.62 and a 1-year high of $50.27. The firm has a market capitalization of $4.88 billion, a P/E ratio of 71.36 and a beta of 0.85.

CVR Energy (NYSE:CVI) last posted its earnings results on Wednesday, July 29th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 55.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.23) earnings per share. As a group, equities research analysts anticipate that CVR Energy Inc. will post 0.79 EPS for the current year.

CVR Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were paid a $0.10 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. CVR Energy’s dividend payout ratio is presently 58.82%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of CVR Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CVR Energy in a research report on Wednesday, August 12th. UBS Group reiterated a “neutral” rating and set a $35.00 price objective on shares of CVR Energy in a research note on Monday, June 29th. 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 report on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of CVR Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Three investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Sell” and a consensus target price of $30.50.

CVR Energy Company 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.