Meeder Asset Management Inc. lowered its holdings in shares of CVR Energy, Inc. (NYSE:CVI) by 90.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 982 shares of the oil and gas company’s stock after selling 9,427 shares during the period. Meeder Asset Management Inc.’s holdings in CVR Energy were worth $40,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in shares of CVR Energy by 14.0% during the fourth quarter. Renaissance Technologies LLC now owns 2,399,379 shares of the oil and gas company’s stock valued at $97,007,000 after acquiring an additional 294,610 shares during the period. State Street Corp raised its holdings in shares of CVR Energy by 11.1% in the fourth quarter. State Street Corp now owns 1,338,848 shares of the oil and gas company’s stock valued at $54,130,000 after buying an additional 134,083 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of CVR Energy by 1.5% in the third quarter. Parametric Portfolio Associates LLC now owns 217,729 shares of the oil and gas company’s stock valued at $9,587,000 after buying an additional 3,241 shares during the last quarter. AJO LP raised its holdings in shares of CVR Energy by 9,315.0% in the fourth quarter. AJO LP now owns 186,887 shares of the oil and gas company’s stock valued at $7,554,000 after buying an additional 184,902 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of CVR Energy by 30,891.3% in the fourth quarter. FMR LLC now owns 135,122 shares of the oil and gas company’s stock valued at $5,463,000 after buying an additional 134,686 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.
CVI has been the subject of a number of research analyst reports. Goldman Sachs Group cut CVR Energy from a “neutral” rating to a “sell” rating and cut their price target for the company from $18.00 to $12.00 in a report on Thursday. Citigroup cut their price target on CVR Energy from $40.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Credit Suisse Group cut their price target on CVR Energy from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, TheStreet cut CVR Energy from a “b” rating to a “c+” rating in a report on Wednesday, March 11th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. CVR Energy currently has a consensus rating of “Hold” and an average price target of $23.33.
Shares of CVR Energy stock traded up $1.83 during trading on Thursday, reaching $17.33. The company’s stock had a trading volume of 1,568,366 shares, compared to its average volume of 1,391,432. The stock has a 50-day moving average price of $27.19 and a two-hundred day moving average price of $38.57. The company has a current ratio of 2.17, a quick ratio of 1.51 and a debt-to-equity ratio of 0.71. CVR Energy, Inc. has a one year low of $13.89 and a one year high of $55.52. The stock has a market capitalization of $1.54 billion, a P/E ratio of 4.58 and a beta of 1.37.
CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Wednesday, February 19th. The oil and gas company reported $0.44 earnings per share for the quarter. The firm had revenue of $1.57 billion during the quarter. CVR Energy had a return on equity of 22.50% and a net margin of 5.97%.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.80 per share. The ex-dividend date was Friday, February 28th. This represents a $3.20 annualized dividend and a yield of 18.47%.
About CVR Energy
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.
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