Duality Advisers LP Has $849,000 Position in CVR Energy, Inc. (NYSE:CVI)

Duality Advisers LP reduced its stake in shares of CVR Energy, Inc. (NYSE:CVI) by 50.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,030 shares of the oil and gas company’s stock after selling 28,957 shares during the quarter. Duality Advisers LP’s holdings in CVR Energy were worth $849,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CVI. Allspring Global Investments Holdings LLC lifted its holdings in shares of CVR Energy by 6.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,806 shares of the oil and gas company’s stock valued at $237,000 after purchasing an additional 449 shares in the last quarter. Burney Co. lifted its holdings in shares of CVR Energy by 3.9% during the 3rd quarter. Burney Co. now owns 13,694 shares of the oil and gas company’s stock valued at $466,000 after purchasing an additional 516 shares in the last quarter. Swiss National Bank lifted its holdings in shares of CVR Energy by 0.9% during the 3rd quarter. Swiss National Bank now owns 66,300 shares of the oil and gas company’s stock valued at $2,256,000 after purchasing an additional 600 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of CVR Energy by 0.6% during the 3rd quarter. Rhumbline Advisers now owns 102,230 shares of the oil and gas company’s stock valued at $3,479,000 after purchasing an additional 653 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CVR Energy by 19.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,810 shares of the oil and gas company’s stock valued at $206,000 after purchasing an additional 1,106 shares in the last quarter. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Trading Down 0.4 %

Shares of CVR Energy stock opened at $33.55 on Thursday. CVR Energy, Inc. has a 12-month low of $22.60 and a 12-month high of $39.36. The stock has a market cap of $3.37 billion, a P/E ratio of 4.39 and a beta of 1.57. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 1.52. The business’s 50 day moving average is $34.56 and its 200-day moving average is $32.76.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Tuesday, February 20th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.40. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.26 billion. CVR Energy had a return on equity of 55.17% and a net margin of 8.32%. Equities research analysts predict that CVR Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

CVR Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend was Friday, March 1st. CVR Energy’s payout ratio is presently 26.14%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CVI. Scotiabank lifted their price objective on CVR Energy from $25.00 to $29.00 and gave the company a “sector underperform” rating in a report on Thursday, April 11th. StockNews.com cut CVR Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd.

CVR Energy Profile

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.