New York State Teachers Retirement System Purchases 5,899 Shares of CVR Energy, Inc. (NYSE:CVI)

New York State Teachers Retirement System lifted its position in shares of CVR Energy, Inc. (NYSE:CVI) by 62.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,411 shares of the oil and gas company’s stock after acquiring an additional 5,899 shares during the period. New York State Teachers Retirement System’s holdings in CVR Energy were worth $467,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System grew its position in CVR Energy by 14.5% in the 4th quarter. Arizona State Retirement System now owns 9,836 shares of the oil and gas company’s stock worth $298,000 after purchasing an additional 1,249 shares during the period. Camelot Portfolios LLC bought a new stake in CVR Energy in the 4th quarter worth approximately $229,000. Denali Advisors LLC grew its position in CVR Energy by 76,632.2% in the 4th quarter. Denali Advisors LLC now owns 45,272 shares of the oil and gas company’s stock worth $1,372,000 after purchasing an additional 45,213 shares during the period. Raymond James & Associates bought a new stake in CVR Energy in the 4th quarter worth approximately $422,000. Finally, SG Americas Securities LLC grew its position in CVR Energy by 34.4% in the 4th quarter. SG Americas Securities LLC now owns 13,490 shares of the oil and gas company’s stock worth $409,000 after purchasing an additional 3,453 shares during the period. Institutional investors own 98.88% of the company’s stock.

CVR Energy Trading Down 2.6 %

Shares of CVR Energy stock opened at $32.53 on Friday. The company’s fifty day simple moving average is $34.71 and its 200-day simple moving average is $32.70. The stock has a market capitalization of $3.27 billion, a PE ratio of 4.25 and a beta of 1.57. CVR Energy, Inc. has a 1-year low of $22.60 and a 1-year high of $39.36. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.30 and a quick ratio of 0.94.

CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Tuesday, February 20th. The oil and gas company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.40. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.26 billion. CVR Energy had a net margin of 8.32% and a return on equity of 55.17%. As a group, equities analysts anticipate that CVR Energy, Inc. will post 2.73 earnings per share for the current year.

CVR Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date was Friday, March 1st. CVR Energy’s dividend payout ratio (DPR) is 26.14%.

Wall Street Analyst Weigh In

A number of research firms have commented on CVI. Scotiabank lifted their target price on shares of CVR Energy from $25.00 to $29.00 and gave the stock a “sector underperform” rating in a research report on Thursday, April 11th. StockNews.com cut shares of CVR Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd.

About CVR Energy

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.