CVR Energy Inc. $CVI Shares Newly Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP acquired a new position in shares of CVR Energy Inc. (NYSE:CVI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,344 shares of the oil and gas company’s stock, valued at approximately $1,585,000.

A number of other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC increased its holdings in CVR Energy by 64.5% in the 3rd quarter. Parallel Advisors LLC now owns 668 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 262 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of CVR Energy by 2.5% during the 2nd quarter. NewEdge Advisors LLC now owns 13,890 shares of the oil and gas company’s stock worth $383,000 after acquiring an additional 336 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of CVR Energy by 44.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 339 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of CVR Energy by 51.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 388 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of CVR Energy by 197.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,153 shares of the oil and gas company’s stock worth $59,000 after acquiring an additional 765 shares in the last quarter. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Stock Performance

NYSE CVI opened at $38.70 on Wednesday. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 14.71 and a beta of 0.85. CVR Energy Inc. has a twelve month low of $19.62 and a twelve month high of $63.51. The stock has a fifty day simple moving average of $52.77 and a 200 day simple moving average of $36.27. The company has a quick ratio of 1.27, a current ratio of 1.73 and a debt-to-equity ratio of 1.41.

CVR Energy (NYSE:CVI) last announced its earnings results on Tuesday, November 3rd. The oil and gas company reported $4.00 EPS for the quarter, topping the consensus estimate of $2.91 by $1.09. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $2.35 billion. CVR Energy had a return on equity of 25.52% and a net margin of 2.70%. The business’s quarterly revenue was up 68.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. Sell-side analysts expect that CVR Energy Inc. will post 4.80 EPS for the current year.

CVR Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Monday, November 16th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. CVR Energy’s dividend payout ratio is presently 15.21%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research raised shares of CVR Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 16th. Mizuho upped their target price on CVR Energy from $29.00 to $52.00 and gave the stock an “underperform” rating in a research note on Thursday, October 8th. The Goldman Sachs Group upped their target price on CVR Energy from $36.00 to $50.00 and gave the stock a “sell” rating in a research note on Friday, October 9th. Wall Street Zen raised CVR Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 10th. Finally, UBS Group upped their price objective on CVR Energy from $35.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, CVR Energy presently has a consensus rating of “Reduce” and a consensus target price of $45.75.

CVR Energy Profile

CVR Energy, Inc. is a diversified energy company whose principal businesses are petroleum refining and nitrogen fertilizer production. Through its subsidiaries, the company processes crude oil and markets refined fuels and other petroleum products. Its refining operations include facilities in Coffeyville, Kansas, and Wynnewood, Oklahoma. Products include gasoline, diesel fuel, jet fuel and asphalt, serving customers primarily in the central United States. CVR Energy also owns a majority interest in CVR Partners, LP, which produces nitrogen fertilizers, including ammonia and urea ammonium nitrate (UAN), at facilities in Coffeyville, Kansas, and East Dubuque, Illinois.