WBI Investments Inc. Purchases New Holdings in CVR Energy, Inc. (CVI)

WBI Investments Inc. purchased a new position in shares of CVR Energy, Inc. (NYSE:CVI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,783 shares of the oil and gas company’s stock, valued at approximately $288,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CVI. BlackRock Inc. boosted its position in shares of CVR Energy by 6.6% during the 1st quarter. BlackRock Inc. now owns 1,245,580 shares of the oil and gas company’s stock worth $37,642,000 after purchasing an additional 76,852 shares during the period. Brookstone Capital Management purchased a new position in shares of CVR Energy during the 2nd quarter worth approximately $505,000. Mckinley Capital Management LLC Delaware purchased a new position in shares of CVR Energy during the 2nd quarter worth approximately $772,000. Prudential Financial Inc. boosted its position in shares of CVR Energy by 28.3% during the 1st quarter. Prudential Financial Inc. now owns 764,284 shares of the oil and gas company’s stock worth $23,097,000 after purchasing an additional 168,536 shares during the period. Finally, Swiss National Bank boosted its position in shares of CVR Energy by 6.3% during the 1st quarter. Swiss National Bank now owns 30,300 shares of the oil and gas company’s stock worth $916,000 after purchasing an additional 1,800 shares during the period.

NYSE:CVI opened at $38.48 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.05 and a quick ratio of 1.32. The company has a market cap of $3.34 billion, a P/E ratio of 24.67 and a beta of 1.58. CVR Energy, Inc. has a fifty-two week low of $18.84 and a fifty-two week high of $47.67.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, July 25th. The oil and gas company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.39). The company had revenue of $1.91 billion for the quarter. CVR Energy had a return on equity of 8.00% and a net margin of 5.23%.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 13th. Investors of record on Monday, August 6th were given a dividend of $0.75 per share. The ex-dividend date was Friday, August 3rd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 7.80%. This is a boost from CVR Energy’s previous quarterly dividend of $0.50.

Separately, ValuEngine raised shares of CVR Energy from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th.

About CVR Energy

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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