State of New Jersey Common Pension Fund D acquired a new position in shares of CVR Energy, Inc. (NYSE:CVI) in the third quarter, Holdings Channel.com reports. The fund acquired 43,500 shares of the oil and gas company’s stock, valued at approximately $1,915,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of CVI. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of CVR Energy during the 2nd quarter worth $50,000. Personal Wealth Partners bought a new stake in shares of CVR Energy during the 2nd quarter worth $63,000. Tower Research Capital LLC TRC lifted its holdings in shares of CVR Energy by 7,794.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,500 shares of the oil and gas company’s stock worth $75,000 after acquiring an additional 1,481 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of CVR Energy during the 2nd quarter worth $80,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of CVR Energy during the 2nd quarter worth $90,000. 93.66% of the stock is owned by institutional investors.
CVR Energy stock opened at $47.02 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.25 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $4.73 billion, a PE ratio of 11.47 and a beta of 1.38. The firm has a fifty day simple moving average of $44.75 and a two-hundred day simple moving average of $45.84. CVR Energy, Inc. has a twelve month low of $30.46 and a twelve month high of $55.52.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Monday, November 4th will be paid a $0.80 dividend. The ex-dividend date is Friday, November 1st. This is an increase from CVR Energy’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 6.81%.
A number of analysts have recently issued reports on CVI shares. Tudor Pickering raised shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Friday, August 30th. Goldman Sachs Group downgraded shares of CVR Energy from a “neutral” rating to a “sell” rating and set a $48.00 price objective for the company. in a report on Monday, July 29th. Finally, Scotiabank started coverage on shares of CVR Energy in a report on Thursday, August 15th. They set an “underperform” rating for the company. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. CVR Energy currently has a consensus rating of “Hold” and an average price target of $44.20.
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 in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.
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