CVR Energy, Inc. (NYSE:CVI) Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its holdings in CVR Energy, Inc. (NYSE:CVI) by 14.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,954 shares of the oil and gas company’s stock after acquiring an additional 2,305 shares during the period. Illinois Municipal Retirement Fund’s holdings in CVR Energy were worth $544,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CVI. Jacobs Levy Equity Management Inc. raised its holdings in CVR Energy by 57.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 924,541 shares of the oil and gas company’s stock valued at $31,462,000 after acquiring an additional 338,393 shares during the last quarter. Tudor Investment Corp Et Al acquired a new stake in shares of CVR Energy during the 3rd quarter worth $8,875,000. Premier Fund Managers Ltd acquired a new stake in shares of CVR Energy during the 3rd quarter worth $5,838,000. Canada Pension Plan Investment Board acquired a new stake in shares of CVR Energy during the 3rd quarter worth $3,872,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of CVR Energy during the 3rd quarter worth $3,070,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Stock Down 8.4 %

Shares of CVR Energy stock opened at $30.33 on Wednesday. The company has a fifty day moving average price of $34.44 and a 200 day moving average price of $32.80. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 1.52. CVR Energy, Inc. has a twelve month low of $22.60 and a twelve month high of $39.36. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 3.96 and a beta of 1.57.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Monday, April 29th. The oil and gas company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09). The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.96 billion. CVR Energy had a return on equity of 55.17% and a net margin of 8.32%. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same period last year, the company posted $1.44 earnings per share. Equities research analysts forecast that CVR Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be given a $0.50 dividend. The ex-dividend date is Friday, May 10th. This represents a $2.00 dividend on an annualized basis and a yield of 6.59%. CVR Energy’s payout ratio is currently 26.14%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Scotiabank upped their price objective on CVR Energy from $25.00 to $29.00 and gave the stock a “sector underperform” rating in a report on Thursday, April 11th. StockNews.com downgraded CVR Energy from a “buy” rating to a “hold” rating in a report 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.