Intech Investment Management LLC Increases Stock Position in CVR Energy Inc. $CVI

Intech Investment Management LLC increased its position in CVR Energy Inc. (NYSE:CVI) by 307.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,557 shares of the oil and gas company’s stock after acquiring an additional 33,632 shares during the period. Intech Investment Management LLC’s holdings in CVR Energy were worth $1,134,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in CVR Energy in the 3rd quarter worth approximately $50,000. Exchange Traded Concepts LLC purchased a new position in CVR Energy in the 4th quarter worth approximately $47,000. Horizon Investments LLC purchased a new position in CVR Energy in the 4th quarter worth approximately $47,000. Raymond James Financial Inc. purchased a new position in CVR Energy in the 2nd quarter worth approximately $53,000. Finally, BNP Paribas Financial Markets raised its holdings in CVR Energy by 48.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,633 shares of the oil and gas company’s stock worth $98,000 after acquiring an additional 1,178 shares during the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CVI. The Goldman Sachs Group began coverage on shares of CVR Energy in a research report on Friday, April 10th. They issued a “sell” rating and a $30.00 target price for the company. Raymond James Financial raised shares of CVR Energy from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 25th. Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Tudor Pickering downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Scotiabank lifted their target price on shares of CVR Energy from $25.00 to $28.00 and gave the stock a “sector underperform” rating in a research report on Wednesday, April 22nd. Two analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Sell” and a consensus target price of $32.50.

CVR Energy Trading Down 1.7%

Shares of CVR Energy stock opened at $33.18 on Friday. The company’s fifty day simple moving average is $32.84 and its 200-day simple moving average is $29.22. The stock has a market capitalization of $3.34 billion, a PE ratio of -77.16 and a beta of 0.80. CVR Energy Inc. has a 1-year low of $19.62 and a 1-year high of $41.67. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.44 and a quick ratio of 0.89.

CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.54) by ($0.70). The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.73 billion. CVR Energy had a negative return on equity of 22.36% and a negative net margin of 0.56%.The company’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.58) EPS. As a group, equities analysts anticipate that CVR Energy Inc. will post 1.04 earnings per share for the current year.

CVR Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 11th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, May 11th. CVR Energy’s dividend payout ratio (DPR) is currently -93.02%.

About CVR Energy

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.