Denali Advisors LLC Has $4.26 Million Holdings in CVR Energy, Inc. (NYSE:CVI)

Denali Advisors LLC grew its position in CVR Energy, Inc. (NYSE:CVI) by 323.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,162 shares of the oil and gas company’s stock after purchasing an additional 121,590 shares during the period. Denali Advisors LLC owned about 0.16% of CVR Energy worth $4,261,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Truist Financial Corp boosted its stake in shares of CVR Energy by 19.3% during the 4th quarter. Truist Financial Corp now owns 9,734 shares of the oil and gas company’s stock worth $295,000 after acquiring an additional 1,574 shares in the last quarter. Swiss National Bank boosted its stake in shares of CVR Energy by 4.7% during the 4th quarter. Swiss National Bank now owns 69,400 shares of the oil and gas company’s stock worth $2,103,000 after acquiring an additional 3,100 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of CVR Energy by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 554,792 shares of the oil and gas company’s stock worth $16,810,000 after acquiring an additional 11,614 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of CVR Energy by 119.8% during the 4th quarter. Teacher Retirement System of Texas now owns 23,831 shares of the oil and gas company’s stock worth $722,000 after acquiring an additional 12,991 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of CVR Energy by 29.0% during the 4th quarter. BNP Paribas Financial Markets now owns 123,088 shares of the oil and gas company’s stock worth $3,730,000 after acquiring an additional 27,676 shares in the last quarter. 98.88% of the stock is owned by institutional investors and hedge funds.

CVR Energy Trading Up 3.7 %

CVR Energy stock opened at $22.97 on Tuesday. The business has a 50 day moving average price of $24.89 and a two-hundred day moving average price of $28.85. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 1.51. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 3.52 and a beta of 1.49. CVR Energy, Inc. has a 12 month low of $21.05 and a 12 month high of $38.07.

CVR Energy (NYSE:CVI) last issued its earnings results on Monday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.39. CVR Energy had a return on equity of 25.00% and a net margin of 6.39%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the firm posted $1.64 EPS. CVR Energy’s quarterly revenue was down 12.0% compared to the same quarter last year. As a group, equities analysts forecast that CVR Energy, Inc. will post 0.55 EPS for the current year.

CVR Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.71%. CVR Energy’s payout ratio is presently 30.67%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CVI. Mizuho decreased their target price on CVR Energy from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday. StockNews.com downgraded CVR Energy from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Scotiabank increased their target price on CVR Energy from $24.00 to $25.00 and gave the company a “sector underperform” rating in a research note on Wednesday, July 31st. Tudor Pickering upgraded CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. Finally, Tudor, Pickering, Holt & Co. cut CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $26.50.

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.