Congress Asset Management Co. MA Grows Holdings in CVR Energy, Inc. (CVI)

Congress Asset Management Co. MA grew its position in shares of CVR Energy, Inc. (NYSE:CVI) by 12.1% during the third quarter, HoldingsChannel reports. The firm owned 67,242 shares of the oil and gas company’s stock after acquiring an additional 7,266 shares during the quarter. Congress Asset Management Co. MA’s holdings in CVR Energy were worth $2,704,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new stake in shares of CVR Energy in the second quarter valued at $109,000. Bridgeworth LLC acquired a new stake in shares of CVR Energy in the second quarter valued at $166,000. Meeder Asset Management Inc. raised its stake in shares of CVR Energy by 140.8% in the second quarter. Meeder Asset Management Inc. now owns 5,431 shares of the oil and gas company’s stock valued at $201,000 after acquiring an additional 3,176 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of CVR Energy in the second quarter valued at $245,000. Finally, Hartford Investment Management Co. acquired a new stake in shares of CVR Energy in the second quarter valued at $280,000.

CVR Energy stock opened at $42.34 on Wednesday. CVR Energy, Inc. has a 1-year low of $27.15 and a 1-year high of $47.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.59 and a current ratio of 2.30. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 19.04 and a beta of 1.59.



CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Wednesday, October 24th. The oil and gas company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.11. CVR Energy had a return on equity of 11.10% and a net margin of 5.84%. The company had revenue of $1.94 billion for the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 12th. Shareholders of record on Monday, November 5th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend is Friday, November 2nd.

CVI has been the topic of several analyst reports. Goldman Sachs Group upgraded CVR Energy from a “neutral” rating to a “buy” rating in a research note on Friday, September 7th. ValuEngine upgraded CVR Energy from a “hold” rating to a “buy” rating in a research note on Saturday, July 28th.

CVR Energy Company Profile

CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through, Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, pet coke, natural gas liquids, slurry, sulfur, gas oil, asphalt, jet fuel, and other products.

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Institutional Ownership by Quarter for CVR Energy (NYSE:CVI)

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