CVR Energy Inc. $CVI Stock Position Lifted by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its holdings in CVR Energy Inc. (NYSE:CVI) by 136.0% in the 4th quarter, HoldingsChannel reports. The firm owned 51,991 shares of the oil and gas company’s stock after purchasing an additional 29,963 shares during the quarter. GSA Capital Partners LLP’s holdings in CVR Energy were worth $1,323,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CVI. Exchange Traded Concepts LLC bought a new position in shares of CVR Energy in the fourth quarter worth $47,000. Horizon Investments LLC bought a new position in shares of CVR Energy in the fourth quarter worth $47,000. Quarry LP bought a new position in CVR Energy during the third quarter valued at about $50,000. Raymond James Financial Inc. bought a new position in CVR Energy during the second quarter valued at about $53,000. Finally, BNP Paribas Financial Markets boosted its stake in CVR Energy by 48.0% during the second quarter. BNP Paribas Financial Markets now owns 3,633 shares of the oil and gas company’s stock valued at $98,000 after buying an additional 1,178 shares in the last quarter. Institutional investors own 98.88% of the company’s stock.

Insider Transactions at CVR Energy

In related news, major shareholder Carl C. Icahn bought 275,012 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was bought at an average price of $21.41 per share, for a total transaction of $5,888,006.92. Following the transaction, the insider directly owned 71,201,875 shares in the company, valued at $1,524,432,143.75. This represents a 0.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have purchased 783,404 shares of company stock valued at $16,445,044. 0.01% of the stock is owned by corporate insiders.

CVR Energy Trading Down 2.4%

Shares of NYSE CVI opened at $33.52 on Thursday. The firm has a market capitalization of $3.37 billion, a PE ratio of -77.96 and a beta of 0.83. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 2.41. The business has a 50-day moving average price of $32.16 and a two-hundred day moving average price of $29.44. CVR Energy Inc. has a one year low of $19.62 and a one year high of $41.67.

CVR Energy (NYSE:CVI) last released its earnings results on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the company earned ($0.58) EPS. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. As a group, analysts predict that CVR Energy Inc. will post 1.04 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 18th. Shareholders of record on Monday, May 11th were given a $0.10 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. CVR Energy’s dividend payout ratio is presently -93.02%.

Wall Street Analysts Forecast Growth

CVI has been the subject of several research reports. The Goldman Sachs Group initiated coverage on CVR Energy in a research note on Friday, April 10th. They set a “sell” rating and a $30.00 target price for the company. Raymond James Financial raised CVR Energy from an “underperform” rating to a “market perform” rating in a research note on Wednesday, March 25th. Wall Street Zen raised CVR Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Mizuho raised their target price on CVR Energy from $28.00 to $32.00 and gave the company an “underperform” rating in a research note on Tuesday, March 17th. Finally, Weiss Ratings cut CVR Energy from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, CVR Energy has a consensus rating of “Strong Sell” and a consensus target price of $31.75.

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.